Lay betting on betfair

To lay a bet is to back something not to happen. If you were to lay them, you would win your bet if they either lost or drew their match. With Betfair you can not only lay any selection, but also choose the price you want to take, and how much you are prepared to risk. The shorter the price you wish to lay, the less money you have to risk compared to your potential reward.

Examples: Laying a Draw in a soccer match at There are all sorts of reasons why people lay bets. Some people lay a bet because they think the price is too short. Laying need not be scary - you are in full control of how much you wish to risk and how much you could win.

In a lay bet, you always stand to win the stake of the opposing bet e. Why is this? This basically means punters are betting against each other and Betfair just takes a small commission. This unique exchange style of betting offers punters two types of options - back and lay. Think of it as either being the bookmaker yourself, or betting against a bookmaker, except in this case, the bookmaker is just another regular Betfair customer like you!

You are backing that an outcome will indeed happen. Even with the Betfair commission factored in. This makes betting on Betfair a really attractive option. However Betfair gives you a second option, and that is to LAY. Your bet will be paid if he loses.

Finding your market Betfair have recently redesigned their website, so it is a little tricker to navigate to your market of choice how nice of them! The main thing to remember is that lay bets must be placed on the Exchange tab as opposed to the Bookmaker tab. The column highlighted in blue is the current price that you can back to get your bet matched straight away. To do that, we could back all the other players in the field, or more simply, we can lay Federer.

The column highlighted in pink on the market screen is the current price that we can lay that will be matched instantly. All we have to do is click on the pink 8. This is the part where new punters get confused. The amount we are risking is actually 8. That sounds crazy!

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You can only place lay bets via the exchange. You can access the exchange through the menu at the top of the Betfair website. By placing a lay bet we are saying that we do not think this horse is going to win. We choose to lay it by clicking the pink box next to the horse. The current lay price is 4. Click the pink box next to the horse you want to lay Choose The Stake Choose the stake for your lay bet Next we need to choose the stake.

This is where lay betting is different. When we lay a bet, the stake is the amount we can win if our bet is successful. Our liability is the amount we will have to pay out if our bet is not successful. This can be more or less than the stake, depending on the odds we lay at.

The liability is shown on the betslip. Look at the red or green number underneath each horse. This shows our profit or loss if that horse wins the race. Betfair exchange is also one of the betting sites that offer cash out. Now that we have an open bet, this option is displayed at the top of the screen. As you can see, a lay bet is the exact opposite of a back bet. How to lay a bet on Betfair Laying a bet on the Betfair Exchange is pretty straightforward.

You find the selection you want to lay and click the corresponding pink button. So, if you wanted to lay Leverkusen, you would click the 1. Betfair will add the selection to your bet slip. As soon as you enter your lay stake, Betfair will display your potential profit or loss for the possible outcomes on the left-hand side. So, to clarify here. You are betting against Leverkusen. Everything should click into place once you get started and complete your first couple of offers.

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