Basically, you can bet that a certain outcome will happen (back) or that it won’t happen (lay). If you’re laying a bet, it means that you’re betting that any other outcome will happen. If you’re placing a back bet, it’s as if you were betting that the outcome in question is going to happen, the same way you would do in a regular sportsbook.
So, where does back and lay betting come into this? Enter back and lay betting. Back lay betting is the main concept behind matched betting and other low-risk trading strategies. It allows punters to make a guaranteed profit without putting their own money at risk.
Back and lay betting is a way of creating a position in a betting exchange market where you are guaranteed to win, no matter the outcome. Think of it like the stock market, where the principle is to buy high and sell low. Or sell low and buy high.
In case of a Win by either Team A or B you will get your 10 Euros from the “lay”-bet, less the amount of the “back”-bet (10 Euros “lay”-profit – 6.62 Euros “back”-loss = 3.38 Euros clear profit). In case of a Draw you will get your “back”-profit decreased by the “lay”-loss.
When placing a back bet, you can never lose more than your stake. However, when you lay a bet, the liability can be a lot more than your stake and you must be fully aware of the risk before placing your bet. In the Premier League example, Arsenal are 2.48 to back and 2.52 to lay.
Free Online Back/Lay Betting Calculator. Our free online Back/Lay betting calculator calculates the correct Stakes for backing and laying the same selection for the same Net Profit, whether the selection wins or loses. This is commonly known as trading out, greening up or Back/Lay arbitrage. To help you understood how the Net Profit is obtained, the calculator breaks it down into it Back Bet Profit, Lay Bet Profit and the applicable Commission Paid.
Lay betting is an option on exchanges likeBetfair where bettors can play the bookmaker, offering oddsto sell a bet instead of to back a bet. It is one componentof matched betting, where punters both back and sell bets onthe same game to guarantee winning.
Most people when they start trading “back” first and then “lay” for the trade. It makes sense. Because if anything goes wrong then the worst you can do is lose your original stake. Although on the face of it, it does make sense…. …When it comes to trading, "laying first" has some advantages.