Back-to-Lay Betting Strategy
While there is always an element of risk involved in betting, there are a number of strategies that you can employ to minimise the risk that you're exposed to, and even to guarantee yourself a profit.
What is Back-to-Lay Betting?
One such strategy is back-to-lay betting. This is often an in-play betting strategy (although it can be used pre-event if the opportunity presents itself), which involves backing a selection at a relatively high price, then, at a later time, laying the same selection (i.e. betting that it will not happen) to guarantee yourself a return. One of the bets will be successful and it will result in an overall profit or it will help minimise the loss from the losing bet.
Clearly, this is a strategy designed for betting on the exchanges. Bookmakers rarely offer punters the possibility of laying a selection because this is the role that the bookmakers themselves play. However, the exchanges rely on people betting against each other by backing selections and laying selections at varying odds.
With a back-to-lay strategy you’re not necessarily looking for a winning bet, instead you’re searching for a price that’s bigger than you think it should be. When that price shortens, you can take advantage.
Back-to-Lay in Football Betting
If Manchester city are favourites to win the Premier League, you back them at odds of 3.48. So, a £10 stake will give £34.80 (£24.80 profit) if City do it. A lay bet is backing City to fail. If someone else wins the league, your lay bet wins.
With a lay bet you need to factor in liability. In the above example, City are 3.48 to back and let’s say 3.52 to lay. If you decide to lay City for £10, you will win £10 if a team other than City wins the Premier League. If City are successful though, your liability will be determined by the lay price: (£10 x 3.52) - £10 = £25.20. So, overall you are looking at:
- Back City with a stake of £10 at 3.48 to try and win £24.80
- Lay Arsenal with a liability of £25.20 to try and win £10
Back-to-Lay Used Pre-Event
This back-to-lay betting strategy can used in almost any sport available on the exchanges, and can even be used pre-event like in horse racing betting. For example, three months before a big horse race, you could back a horse at odds of 20.0. If it were then to win impressively in its final outing before the big race, it would be no surprise to see its odds shorten. You could then potentially lay the same horse at odds of 14.0, for example, locking in a profit before the day of the race even arrives.
To see if you can guarantee yourself a profit on the exchanges, visit Betfair Sports today.
Recommended Betting Sites
Bet £10 get £20
Open Account Offer - Up to £100 in Bet Credits for new customers at bet365
Bet £10 , Get £20*
Bet £10, Get a £20 Free Bet
Bet £10, Get £30 Welcome Bonus + £10 Casino Bonus Promo Code: 30BF
Bet £10, Get 2x in £10 Bets
Welcome Offer up to 200% Deposit Bonus Up To £100 Promo Code: SPORTS10018+ New Players only. For free bet wagering requirements and minimum odds read T&C’s. www.begambleaware.org Terms Apply Valid for new UK customers registered from 14/06/2021. Deposit using code SPORTS100. Wager your deposit 5x on sports to release Bonus. Wager bonus 10x turnover at 1.6 minimum odds to convert to cash. Max wager contribution £25 per bet. Max Bonus funds conversion to cash is £250.
Double the Odds, Paid in Cash18+ New Players only. For free bet wagering requirements and minimum odds read T&C’s. www.begambleaware.org Terms Apply 18+ New Customers Only. Bet must be placed using real money in combination with the Odds Boost Token. Offer applies to Sport bets only. Maximum total stake is £10. Each way bets are a maximum of £5 each way (£10 total stake). Customers have 60 days after registration to use the Odds Boost token. T&Cs apply. BeGambleaware.org
Get up to £100 in Free Bets + up to 100% in Boosts18+ New Players only. For free bet wagering requirements and minimum odds read T&C’s. www.begambleaware.org Terms Apply New users who registered through a specific link on or after 05/02/2021 only. Make a first deposit of £20 to £100 to receive free bets matching deposit. If your first deposit is £50 to £100 then you will also receive up to 100% in odds boosts. Free bets credited as four equal free bets. For example, if you deposit £40 you will receive four locked £10 free bets. Free bets unlocked when qualifying sports bets equal to free bets are placed and settled within the qualifying period of 7 days. Using the above example, every time qualifying bets totaling £10 is settled, a free bet will be unlocked. 18+. Gamble responsibly. www.begambleaware.org
Bet £10, Get £10 + 50 Extra Spins