Lay Betting - What is lay betting and how does lay betting work
Lay betting is simply betting on an outcome not to happen. By laying something you go from being the punter to the bookmaker. Lay Betting is a popular option on betting exchanges such as Betfair where bettors can play the role of a traditional sportsbook by offering odds to sell a bet to other bettors in the betting exchange. However, if you use traditional sportsbooks instead of betting exchanges, you will have to back the exact opposite side of the lay pick since there is no lay option in these books. Each of our picks will clearly list the lay side and the back side of the pick. If you use traditional book, simply bet the back side.
NBA: Team A - Team B
Lay: Team B -5 Odds: Best possible
Back: Team A +5 Odds: 1.91
If you use a traditional book, simply back (bet) Team A +5 at 1.91 odds.
If you use betting exchange you will use the lay option in the exchange to lay Team B -5 at best odds. Odds will be the opposite of backodds without the vig because in exchanges, the vig is deducted from the winning side of the matched bet at a rate of 2 to 5% depending on the exchange.
ALL BETTINGRESOURCE PICKS WILL CLEARLY STATE THE LAY AND BACK SIDES. PLEASE NOTE THAT FREE PICKS THAT WE POST ON SOCIAL MEDIA WILL ONLY LIST THE BACK SIDE.
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