Stakes, liability, and potential profitsBetfair lay calculator
Let’s say we lay a horse in a race. If you lay odds in a horse race, you are offering odds for a backer to take. You would win your bet if the horse loses, but if the horse goes on to win the race, then you have to pay out to the backer.
Just like in back betting, odds in lay betting represent the potential payout you can receive if your bet wins. Higher lay odds indicate a lower likelihood of the outcome occurring, which means you may need to risk more to win a smaller amount.
We're all used to betting on what we think will happen, but with lay betting you take on the role of the and back against a potential outcome.
Back and lay betting in cricket
is still a bet, but it’s betting that something will NOT happen. In its most simple form a lay in a head-to-head market is just the opposite of a back bet. If Djokovic is playing Murray in a match at Wimbledon then laying Murray is the same as backing Djokovic. But laying Murray for the Wimbledon tournament is like backing every other player against him.
To set up the back or lay timer, click on the + sign next to the tool and tick the box to the right.
Many newcomers to Matched Betting assume that a lay bet works exactly the same way as a back bet, only against an outcome instead of for it. However, that isn’t at all the case. Because you’re effectively acting as the bookie, you’re responsible for paying out winnings to ‘your’ customer if their bet wins.
Live-vedonlyönti eli live-vedot, jotka on tunnettu myös englanninkielisinä termeinä “in-play betting” ja “live betting”, on vedonlyönnin muoto, joka mahdollistaa vetojen asettamisen jo käynnissä oleviin otteluihin ja . Live kertoimet mukautuvat ottelun edetessä pelin kulun ja tapahtumien mukaan.
lay bettingLay Betting Calculatorbetting exchanges in Australia
When you place a bet at an , you are backing an event to occur. You’re backing a horse to win a race, a team to win a match or a player to defeat their opponent.
Here's the original lay bet calculator video.
But did you know that Betfair allows you to do the exact opposite? It’s known as lay betting.
lay bettingLay Betting Calculatorbet matching
On Matchbook, not only can you place back bets to bet on something happening, you can place a lay bet – which means you are betting on something NOT happening.
So, if you are of the opinion that Team X will NOT win (lose or draw) a game, you can place a lay bet to profit from that outcome.
Profit = (Back Odds – Lay Odds) * Stake / Lay Odds
“lay”lay bet“back betting,”lay bettinghow lay betting works
lay bettingback and lay betting
In the past, you would have to back another horse in the race, which is risky. But by laying that horse, you are effectively backing in not to win! In a 10 horse race, you need any of the other 9 horses to win, easy huh?
Lay Betting Calculatorhow to manage liability in lay betting
Laying a team at 1.5 means you risk £10 for every £20 you could win. It’s like backing at 2/1.
This is how lay odds look like on the Betfair Exchange
Betfair will only let you risk as much as is in your account and at the best available odds for you as a backer or a layer.
I have found the following formula: LAYODDS = 1 + ( 1/(BACKODDS-1) ).
The best way to think of a lay bet is that you are effectively backing a selection not to win.
Liability = [lay odds x backer’s stake] – backer’s stake
Liability is an important concept to understand when learning about lay betting. When you conventionally back a horse to win, the amount of money you can lose is your stake. I.e. if you bet £10 on a horse to win and it comes 3rd, it is only £10 you can lose. This is different in lay betting.
The example assumes that your Betfair commission rate is 4%.
Etsit seuraavanlaisen kohteen: Vähintään 3.0 kerroin vedonlyöntisivustolla (Coolbet/Betsson/Nordicbet yms.) JA mahdollisimman lähellä oleva Lay-vastavetokerroin (esim. 3.05 tai 3.1) Betfair Exchangessa (punainen sarake). Löysin nopeasti riittävän hyvän esimerkin: Arsenal-Tottenham peliin tasapelin kerroin 3.62 Coolbetissa ja vastavedon Lay-kerroin 3.7 Betfair Exchangessa.
You lose £200 from your Back bet, but win £320 from the Lay bet.
Well, not quite. There is a slight catch. While you win the backer’s stake, the potential for loss can be quite large depending on the price of the horse you lay. So be careful, but we’ll go into this in the following example.