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Lay betting is an option on exchanges like Bet fair where bettors can play the bookmaker, offering odds to sell a bet instead of to back a bet. ... It is a type of bet that is placed when you are selling a bet, rather than buying a bet. It is generally placed by punters who play the role of bookmaker, hence “lay betting”.
LAY BETS PAYOFFS AND COMMISSION If you bet $3 on 5 or 9, a winner will bring you $2, and if you bet $2 on 4 or 10, a winner will bring you $1. The commission amounts to 5 percent of the amount you would win if the shooter rolls a 7. Let's set our bet sizes all to amounts that would win $20 to make an easy comparison.
Lay betting is an option on exchanges like Bet fair where bettors can play the bookmaker, offering odds to sell a bet instead of to back a bet. ... It is a type of bet that is placed when you are selling a bet, rather than buying a bet. It is generally placed by punters who play the role of bookmaker, hence “lay betting”.
The Lay Bet in Craps. The Lay bet is basically opposite of the Buy bet. You bet that a 7 will appear before one of the point numbers (i.e., 4, 5, 6, 8, 9, or 10). For example, suppose you notice a temporary trend where the number 5 hasn't appeared in the last 30 minutes.
Lay the draw (or “LTD”) strategies involve placing a lay bet on the draw. ... For example, you could lay the home win, and then you make a profit if the football match ends with the home team failing to win the match, i.e. the match ends in a draw or away win.
When you lay a bet, you are betting on something to not happen. If the selection does indeed not win, then you win the backer's stake. If it does however win, then you pay the winnings. This is known as the liability, i.e. how much you will potentially have to pay out.
However, in a betting exchange like Bet fair, you can place a 'Lay' bet which means you would be betting against them, meaning you would win the bet should the match finish a draw or Liverpool win the game.
Enter the lay odds available on the exchange and the commission they charge. This will then display your required lay stake, the amount of liability that is needed, the amount the bookmaker bet would win and the amount the exchange lay would win, depending on what the specified minimum and maximum stakes are.
To 'back' a selection in a market is to place a bet for something to happen. This is similar to a bet that you would place with a traditional bookmaker. To 'lay' a selection in a market is to place a bet for something NOT to happen, or in other words, bet against something happening.
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