Lay Betting Strategy

Lay Betting Strategy

A back to lay betting strategy is where you place a bet with the bookmaker and lay the same outcome (same (place a bet that the reverse will happen) with a betting exchange. This way, you have a bet covering all outcomes and you usually do it at odds that guarantee a profit regardless of what happens.

Exchange Betting

Lay betting is only possible on an exchange website, like Betfair Sports. Exchange betting involves different people offering other people odds, based on their beliefs about what will happen. Exchanges give bettors the chance to bet against a result (laying the outcome) and cover all the possible outcomes with only two bets - one back bet and one lay bet.

Liability

Unfortunately, when betting on an outcome not to happen, you must, when placing the bet, enter the ‘liability’ of your bet in your stake. This means that your stake, because you are betting against the outcome, must be larger than it would be if you were betting for an event to happen. However, the bonus is that the likelihood of the outcome happening (if you lay it) is greater.

Example | Laying in Horse Racing Betting

The ‘liability’ depends on the probability of an outcome. For example, in a horse race, the liability of a 20/1 shot is extremely large, because the likelihood of the horse not winning is very likely. Therefore, it is probably better to lay the favourite in a race if you do not think the horse is going to win because the liability will be smaller.

Laying horses is often part of a good horse racing betting strategy, but some horse races offer better lay betting opportunities than others, so you do need to tread carefully. It is best to find a race that is both hard to call and also likely to produce a number of short odds favourites. This is because the lower the odds on the race favourites, the smaller the liability generated by the lay bets. And your lay bet is more likely to be a winner in an unpredictable race.

Other Sports to Lay

Horse racing aside, laying can be a good way to win money in other sports such as football and golf. In football, there are, of course, a smaller amount of outcomes and unless there is a strong favourite – the kind that you might see in an FA Cup game – the odds of a lay bet will probably not be that appealing. However, it is definitely worth examining the exchange markets on Betfair Sports, because there are usually many options.

Drawbacks

Perhaps the one drawback of a lay bet is that there are limited opportunities to use it. The lay bet is usually only provided for certain markets, and these are often win/lose. Don’t let it put you off though, as there is value to be found in this useful strategy. Be sure to visit Betfair Sports today to see how you can fare laying with a betting exchange.

Recommended Betting Sites

Secure Trusted Verified
Advertiser Disclosure
Every online gambler deserves a safe and fair place to play. Our mission at Gambling.com is to create a safe online environment for players through free, impartial and independent reviews of Australia's best online gambling companies so that you can play with confidence and security. All ratings and reviews are made independently of the operator by our team of gaming experts and with every company being fully licensed in Australia they can be trusted to offer fair play. We accept compensation from the companies advertised on this page and this may affect the brand positioning. We endeavour to continuously update this list so we can bring you the most current sites and the best available offers but we cannot review every site in the market.
Advertiser Disclosure
Every online gambler deserves a safe and fair place to play. Our mission at Gambling.com is to create a safe online environment for players through free, impartial and independent reviews of Australia's best online gambling companies so that you can play with confidence and security. All ratings and reviews are made independently of the operator by our team of gaming experts and with every company being fully licensed in Australia they can be trusted to offer fair play. We accept compensation from the companies advertised on this page and this may affect the brand positioning. We endeavour to continuously update this list so we can bring you the most current sites and the best available offers but we cannot review every site in the market.
Terms and Conditions apply for all bonuses. Must be 18+ to participate.

Betting Navigation

Latest Betting Knowledge

Betting Guides

Country Guide

DISCLAIMER: Online Wagering is illegal in some Jurisdictions. It is your responsibility to check your local regulations before playing online. GDC Trading Ltd takes no responsibility for your actions.
© 2011- 2019 GDC Trading Limited. All Rights Reserved. Gambling.com is a registered trademark of GDC Trading Limited.
Terms and Conditions  |   Privacy Policy

Asset 4AndroidGET IT ONGraphicfacebookIcon/Mobile/Menu CloseIcon/PinDownload_on_the_App_Store_Badge_US-UK_RGB_blk_4SVG_092917twitter