Traditional betting deals with wagering on which contestant will win the game. The punter makes his bet at the bookmaker’s odds and if he wins he receives his original stake plus whatever the odds were. This is also known as « back betting » since the bettor is « backing » one team over another.

Lay betting, alternatively, is a relatively new concept by which the punter bets against a team winning the match. This is generally done through betting exchanges as well as the person making the lay bet essentially becomes their own bookmaker, setting their very own odds.

Practically all lay bets are even money bets. This implies if punter wins he stands to win 2 times around his original wager, or his original wager times two. In contrast, if he loses the bet, he has to pay the backer the original wager plus the odds. It means that more frequently than not his potential winnings are less than his potential liability.

By way of example, if Person A wants lay bet Ł10 against XYZ team, he can make the offer on a betting exchange. Person B is certain that XYZ will win, so he matches the bet; matching Person A’s Ł10 wager. As a division of the lay bet, Person A set XYZ’s odds of winning the game at 5. So Person A, the one making the lay bet, must put up not simply his Ł10 wager, but in addition his potential liability (the difference between his original bet and the odds). In the instance the surety is the one other Ł40 (odds of 5 x Ł10 = Ł50 – the original bet of Ł10 = Ł40). If XYZ loses, Person A gets his original Ł10 back, his surety of Ł40, plus Person B’s Ł10. If XYZ wins though, then Person B not simply click for source gets his original Ł10 back, but he also wins the odds, or the surety put up by Person A, the Ł40.

The main question a lot of men and women ask is: if the potential winnings will almost always be less than the potential losses, why would anyone do this? The primary reason is because it allows the lay bettor to set his own odds. Of course the odds set through the lay bettor have to be reasonable so that you can attract a back bettor to match the bet. Further, since all of the exchanges require a lay bettor to deposit both his own wager plus the entire quantity of the potential liability prior to the bet will be offered there’s no possibility of betting beyond his immediate means.

The ability to set the odds is by far the primary draw of lay betting, so if someone has a system of calculating the odds efficiently, that individual can essentially benefit from the same system that basic bookmakers do. Further, since soccer teams always have hardcore fans that always bet for their own team, as long as lay bettor calculates his odds properly and reasonably, there’s a great chance of finding a back bettor that is betting more with his heart than with his head. If punter knows how to use lay betting, it may be an incredibly profitable undertaking.