Lay Bet Explained „Lay“-Wette – was versteht man darunter?
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By laying off bets, you can qualify yourself for free bets with very, very minimal investment up front. If you do not have access to betting exchanges, your matched betting journey is not over.
You just have to do things slightly differently; making use of the dutching technique, rather than backing and laying. This post was written by Luke Jordan.
Luke founded Beating Betting at the start of and ran the site until February He is passionate about entrepreneurship, marketing and video creation.
Your email address will not be published. For instance, you might think Liverpool with their defence has no chance of winning the Premier League.
At the same time, you might not know who will win the league. In this instance, a lay bet might be right for you.
Lay betting would allow you to bet that Liverpool does not win the league. If anyone else wins the Premier League, then you win your bet.
If Liverpool does win the league, then, of course, you would lose. When you conventionally back a horse to win, the amount of money you can lose is your stake.
It is different for lay betting. Think of yourself as the bookmaker. If you lose your bet, the bookmaker keeps your stake.
If you win, then the bookmaker has to pay out your winnings. It can be a lot more than your original stake.
This is same as laying a bet. If the selection does win, you have to pay out the winnings. That potential payout is known as your liability.
It how much you need to pay out if you lose your bet. The horse is priced at 3. What you will notice are two different boxes.
The blue box is your traditional back bet, and the pink one a lay bet. For the purpose of this example, we are going to show you how to place a lay bet on Paris Saint-Germain.
Once you click the pink box, the selection will show on the bet slip on the right hand side of the screen. Once you add the selection to your bet slip, you can add the stake.
The number circled below is your liability, and potential payout if the person taking your bet wins. If there is someone who already has cash in the system at the same price, the exchange will match your bets immediately.
Otherwise, you must wait for someone to take the price which you have offered. This is how our betting exchange of choice for this example, Betfair, make their money.
But as we mentioned previously, lay betting is vital for matched bettors. Matched betting is a process which turns bookmaker free bets into withdrawable cash, with little, or no risk.
Because lay betting is important for matched bettors, OddsMonkey have teamed up with the number one betting exchange, Betfair, to make life so much simpler.