They are known as “back” and “ lay ”- bets and we will explain to you how you can use these betting system for your own purpose. This article. Bet -Types explains what lay betting is and provides an example of a lay bet. Bet - Types also tells you which Bookmakers offer lay betting. Lay Betting Explained. Lay betting (also known as lay bet matching, arb betting, double betting and matched betting), is a betting technique used by individuals. Placing a lay bet on Betfair is simple. Like anything too good lay bet explained be true, there is a catch. Particularly in a situation where there are many outcomes. That is the amount you will lose if the outcome happens and is therefore the liability you. Football Football Betting Tips Premier League Championship Champions League Transfer News World Cup European Championship Horse Racing Horse Racing Tips Emma Spencer Racing News Racing Videos Cheltenham Tips Grand National Tips Tennis Tennis Betting Tips French Open Tips Wimbledon Tips US Open Tips Tennis Videos Australian open Tips Basketball Basketball Betting Tips NBA Betting Tips Betting Guide Other Sports Cricket Darts Golf Racing Snooker Rubgy Spotlight on What lay betting is Understand how lay betting works Benefits of lay betting How and where you can place a lay bet Ready? As you bet AGAINST Manchester United in our sample you win your bet if Leicester City wins and also if they draw. You are betting FOR something. You have to manage the risks because the amounts you could lose are significantly bigger than you could win in certain cases. Lay Betting Explained It used to be that betting was fairly straightforward. Cassava Enterprises Gibraltar Limited is incorporated in Gibraltar, which is part of the European Union. A betting exchange is very similar in operation to a stock exchange. Information Terms of Service Help. Now, I've been using both kinds of football as examples, but lay betting really came into its own with horse racing. The total risk involved is therefore the amount the bet will cost you if your selection that you backed to lose actually wins. You back your belief and bet that something won't happen. LAY BETTING WITH BETFAIR Lay betting is available with all betting exchanges. On logging into the exchange the odds are 4. So your mate agrees to pay you the true price if you roll a six. If the odds change for a reason and are suddenly bigger to back than the figure you have laid at, you can then get involved in order to come out with a profit on all outcomes. When backing it's simply the stake which you place. Home Tote Betting Flexi Betting Exacta Betting Quinella Betting Box Quinella Duet Trifecta Betting Box Trifecta First Four Betting Daily Double Treble Betting Quaddie Betting Big 6 Betting. Just be careful how much you decide to lay. Laying at 2 will win you more if you are correct, but it is more likely to happen than laying at 6. Simple Explanation by Betdaq Want to know what lay betting is? Football Football Betting Tips Premier League Championship Champions League Transfer News World Cup European Championship Horse Racing Horse Racing Tips Emma Spencer Racing News Racing Videos Cheltenham Tips Grand National Tips Tennis Tennis Betting Tips French Open Tips Wimbledon Tips US Open Tips Tennis Videos Australian open Tips Basketball Basketball Betting Tips NBA Betting Tips Betting Casino jobs hamburg Other Sports Cricket Darts Golf Racing Snooker Rubgy Spotlight on Lay Betting explained - How does lay betting work? Betting exchanges such as Betfair Australia - where you bet against fellow punters - have made lay play monopoly online possible. With exchange betting you can buy or sell any given outcome in a sporting event.