So, where does back and lay betting come into this? Enter back and lay betting. Back lay betting is the main concept behind matched betting and other low-risk trading strategies. It allows punters to make a guaranteed profit without putting their own money at risk.
In case of a Win by either Team A or B you will get your 10 Euros from the “lay”-bet, less the amount of the “back”-bet (10 Euros “lay”-profit – 6.62 Euros “back”-loss = 3.38 Euros clear profit). In case of a Draw you will get your “back”-profit decreased by the “lay”-loss.
Basically, you can bet that a certain outcome will happen (back) or that it won’t happen (lay). If you’re laying a bet, it means that you’re betting that any other outcome will happen. If you’re placing a back bet, it’s as if you were betting that the outcome in question is going to happen, the same way you would do in a regular sportsbook.
February 7, 2019. February 7, 2019 by Steve. Betting exchange trading is possible because you're able to back and lay the same outcome at different points. As a football trader, you will attempt to predict major events - such as goals - which move market prices in a particular direction. This price movement is what will allow you to back high, lay low (or lay low, back high) in order to lock in guaranteed profits.
Back and lay betting is a way of creating a position in a betting exchange market where you are guaranteed to win, no matter the outcome. Think of it like the stock market, where the principle is to buy high and sell low.
Back and Lay Betting are the principal elements of matched betting, where you consider all possible outcomes of a specific event. By strategizing and executing back and lay bets, you are able to consistently earn a regular stream of income from matched betting .
What Does Back and Lay Mean in Betting? Essentially, back and lay betting is a strand of matched betting. This is where betters take advantage of free bet deals to put money on one outcome, while they effectively ‘sell’ a bet on the other outcome via what is known as a betting exchange. Don’t worry too much about the nitty-gritty!
Lay betting is an option on a betting exchange which allows gamblers to play the role of a traditional bookmaker. You set the odds of the bet, and you potentially win the backer’s stake if the selection loses. If the selection wins, you lose the backers stake multiplied by the price of the selection (minus the stake amount).