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How is that possible? Welcome to lay betting. The new frontier of the wagering universe that could change the way you think betting forever. Simply put … When you place a lay bet, you are betting on something not to happen.
Remember: there can only be one winner. But what about the others trailing behind them? Or neither of Manchester United nor Liverpool will beat each other. The odds here are the smallest price currently available to lay in the market. Take the odds available — or set your own: again, you can adjust the odds box to an even shorter price. Enter your stake: unlike a back bet, your stake is the money you want to profit from the predicted result before commission plus any additional fees and charges.
This is the basic idea of bookmaking. It is not, however, the full amount that will be deducted from your account when you place your lay bet. Liability explained: this is the amount you could lose if the result does not fall your way. Why is lay betting a lucrative venture?
How do you land on one good back bet? On sheer head count alone 23 against one , the odds are stacked in your favour. That potential payout is known as your liability. It how much you need to pay out if you lose your bet. Example 1 You lay a horse at 3.
The horse is priced at 3. If the horse wins the race, then your liability is equal to the winnings for the backer. Example 2 You lay a horse at 5. The horse is priced at 5. Example 3 You lay a horse at At odds of This is different. Laying off a bet refers to betting against something you have already backed.
During the game, they take a surprise lead. The odds for Newcastle to win this game shorten. By laying the same bet as you back, you are betting both on it to happen, and for it not to happen. Because the odds have got shorter, you are heading to a profit. This is similar to cashing out your bet earlier. Laying off your bet allows you to take reduced, but guaranteed winnings.
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Lay Betting: How To Bet Against Outcomes
You will still be allowed to complete any existing promotions you have already commenced wagering towards, and you will still receive the benefits of any promotion you have started qualifying for or already qualified for prior to joining the Basic package.
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