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Placing a Lay bet means you are betting on something not to happen - for example, if you lay a football team to win your bet will be settled as a winner if the team loses or if the game ends in a draw - so two outcomes are playing in your favour.

Your return for a win is effectively your stake (minus commission). A lot of people prefer to lay at odds-on as your liability is then reduced. For example, if you lay a bet at 1.50 for £10 you are liable for £5 and will win £10 if the bet wins.

One of the best is back-to-lay: taking both sides of the bet to back and lay the same selection following a price movement either to lock in a profit or minimise your potential loss. With a back-to-lay strategy, you're not necessarily looking for a selection that you think will go on to win.

If you're the bookmaker making a lay bet, you only receive your liability back if the team loses and you win the lay bet. Example: You think Liverpool will lose against Chelsea, so you decide to lay the bet at odds of 3.0 (2-1) for £20.

Free bet – stake returned (SR) formulas a) Profit if free bet wins: Profit = free bet value * back odds – lay stake * (lay odds – 1) b) Profit if lay bet wins: Profit = (1 – commission) * lay stake. c) To work out the ideal lay stake for even profit, no matter what the result: ... d) Final profit for the free bet (SR) stage:

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.

6:40 8:24 Lay Bets - craps payouts - YouTube YouTube Start of suggested clip End of suggested clip For $30. Now the payoff for that is two to three. So our $30 lay bet is going to win $20. At a twoMoreFor $30. Now the payoff for that is two to three. So our $30 lay bet is going to win $20. At a two to three payoff. And you would still be required to pay your Vig.

(For those interested to know how lay bet liability is calculated at the betting exchange it is in exactly the same way we calculate normal liability. All you do is multiply your lay stake amount by your lay odds, then take off your lay stake amount).

To lay a bet is to back something not to happen. For example, to lay Manchester United to win their match is to back them NOT to win.

This strategy allows bettors to back with a bookmaker and then lay the same outcome on a betting exchange for a profit. Arbitrage opportunities arise when the lay price on the betting exchange is shorter than the back odds on another exchange or bookmaker.

The term 'Lay' betting defines the process of using a betting exchange, like the Betfair Exchange, where the punter believes a selection will not win or place in a specified event, and will therefore offer odds on that not happening.

(For those interested to know how lay bet liability is calculated at the betting exchange it is in exactly the same way we calculate normal liability. All you do is multiply your lay stake amount by your lay odds, then take off your lay stake amount).

Placing a Lay bet means you are betting on something not to happen - for example, if you lay a football team to win your bet will be settled as a winner if the team loses or if the game ends in a draw - so two outcomes are playing in your favour.

Your return for a win is effectively your stake (minus commission). A lot of people prefer to lay at odds-on as your liability is then reduced. For example, if you lay a bet at 1.50 for £10 you are liable for £5 and will win £10 if the bet wins.

One of the best is back-to-lay: taking both sides of the bet to back and lay the same selection following a price movement either to lock in a profit or minimise your potential loss. With a back-to-lay strategy, you're not necessarily looking for a selection that you think will go on to win.

If you're the bookmaker making a lay bet, you only receive your liability back if the team loses and you win the lay bet. Example: You think Liverpool will lose against Chelsea, so you decide to lay the bet at odds of 3.0 (2-1) for £20.

Free bet – stake returned (SR) formulas a) Profit if free bet wins: Profit = free bet value * back odds – lay stake * (lay odds – 1) b) Profit if lay bet wins: Profit = (1 – commission) * lay stake. c) To work out the ideal lay stake for even profit, no matter what the result: ... d) Final profit for the free bet (SR) stage:

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.

6:40 8:24 Lay Bets - craps payouts - YouTube YouTube Start of suggested clip End of suggested clip For $30. Now the payoff for that is two to three. So our $30 lay bet is going to win $20. At a twoMoreFor $30. Now the payoff for that is two to three. So our $30 lay bet is going to win $20. At a two to three payoff. And you would still be required to pay your Vig.

(For those interested to know how lay bet liability is calculated at the betting exchange it is in exactly the same way we calculate normal liability. All you do is multiply your lay stake amount by your lay odds, then take off your lay stake amount).

To lay a bet is to back something not to happen. For example, to lay Manchester United to win their match is to back them NOT to win.

This strategy allows bettors to back with a bookmaker and then lay the same outcome on a betting exchange for a profit. Arbitrage opportunities arise when the lay price on the betting exchange is shorter than the back odds on another exchange or bookmaker.

The term 'Lay' betting defines the process of using a betting exchange, like the Betfair Exchange, where the punter believes a selection will not win or place in a specified event, and will therefore offer odds on that not happening.

(For those interested to know how lay bet liability is calculated at the betting exchange it is in exactly the same way we calculate normal liability. All you do is multiply your lay stake amount by your lay odds, then take off your lay stake amount).

Placing a Lay bet means you are betting on something not to happen - for example, if you lay a football team to win your bet will be settled as a winner if the team loses or if the game ends in a draw - so two outcomes are playing in your favour.

Your return for a win is effectively your stake (minus commission). A lot of people prefer to lay at odds-on as your liability is then reduced. For example, if you lay a bet at 1.50 for £10 you are liable for £5 and will win £10 if the bet wins.

One of the best is back-to-lay: taking both sides of the bet to back and lay the same selection following a price movement either to lock in a profit or minimise your potential loss. With a back-to-lay strategy, you're not necessarily looking for a selection that you think will go on to win.

If you're the bookmaker making a lay bet, you only receive your liability back if the team loses and you win the lay bet. Example: You think Liverpool will lose against Chelsea, so you decide to lay the bet at odds of 3.0 (2-1) for £20.

Free bet – stake returned (SR) formulas a) Profit if free bet wins: Profit = free bet value * back odds – lay stake * (lay odds – 1) b) Profit if lay bet wins: Profit = (1 – commission) * lay stake. c) To work out the ideal lay stake for even profit, no matter what the result: ... d) Final profit for the free bet (SR) stage:

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.

6:40 8:24 Lay Bets - craps payouts - YouTube YouTube Start of suggested clip End of suggested clip For $30. Now the payoff for that is two to three. So our $30 lay bet is going to win $20. At a twoMoreFor $30. Now the payoff for that is two to three. So our $30 lay bet is going to win $20. At a two to three payoff. And you would still be required to pay your Vig.

(For those interested to know how lay bet liability is calculated at the betting exchange it is in exactly the same way we calculate normal liability. All you do is multiply your lay stake amount by your lay odds, then take off your lay stake amount).

To lay a bet is to back something not to happen. For example, to lay Manchester United to win their match is to back them NOT to win.

This strategy allows bettors to back with a bookmaker and then lay the same outcome on a betting exchange for a profit. Arbitrage opportunities arise when the lay price on the betting exchange is shorter than the back odds on another exchange or bookmaker.

The term 'Lay' betting defines the process of using a betting exchange, like the Betfair Exchange, where the punter believes a selection will not win or place in a specified event, and will therefore offer odds on that not happening.

(For those interested to know how lay bet liability is calculated at the betting exchange it is in exactly the same way we calculate normal liability. All you do is multiply your lay stake amount by your lay odds, then take off your lay stake amount).