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How to Lay Number Work

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Like a buy bet, a Lay Bet allows a gambler to be paid true odds. To receive those nice votes, the craps' player pays a 5% commission on their winning bets. Lay bets are made on one of the point numbers: 4,5,6,8,9, and 10.
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”.
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.
Like a buy bet, a Lay Bet allows a gambler to be paid true odds. To receive those nice votes, the craps' player pays a 5% commission on their winning bets. Lay bets are made on one of the point numbers: 4,5,6,8,9, and 10. Different lay bets have disparate payoffs.
0:49 3:10 Suggested clip How To Place a Lay Bet on Beefier Exchange (Great for Matched YouTubeStart of suggested client of suggested clip How To Place a Lay Bet on Beefier Exchange (Great for Matched
Back betting is what you might have done with Bookmakers or the TAB, and is essentially the punters traditional style of betting. Back betting is betting on an outcome to happen. An example is if you place a Back bet on a horse in the Melbourne Cup, you are betting on that horse to win the race.
a) Profit if back bet wins: Profit = back stake * (back bet odds 1) lay stake * (lay bet odds 1) b) Profit if lay bet wins: Profit = lay stake * (1 commission) back stake. c) To work out the ideal stake for even profit, no matter what the result: d) Final profit for the qualifying bet and welcome bet stage:
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.
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