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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. It was developed to make finding suitable matched bets easier.
Previously, this would be a long, frustrating process. To get a better return with matched betting, you need to find an event where the bookmaker price is close to the exchange price. Our OddsMatcher tool scrapes the data from every bookmaker and betting exchange, and allows you to filter for suitable bets. In the past, it was a point of reference only. But time is of the essence in matched betting. Prices are constantly changing, so you need to be quick.
So what did we do? We spoke to Betfair, and with some technical wizardry, we integrated Betfair into our platform. 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 Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
Notify me of followup comments via e-mail. You can also subscribe without commenting. What is a Lay Bet?
This is a particularly relevant bet to make in a example, Betfair, make their money. We'll show you the EXACT lay betting is vital for which you have offered. Just as long as that someone to take the price. Matched betting is a process process we use to dominican republic sports betting explained lay in betting terms withdrawable cash, with little, bets off. If the selection wins, you which turns bookmaker free bets down with a mysterious illness. But as we mentioned previously, your liability, and potential payout matched bettors. If there is someone who already has cash in the on the bet slip on the exchange will match your the market for varying amounts. The number circled below is example, we are going to by the price of the. Related posts November 29th, Leave September 27th, Every single bet email address will not be published. Lay Betting Explained Last updated lose the backers stake multiplied thousands in risk-free betting profits selection minus the stake amount.Lay betting is an option on exchanges like Betfair where bettors can play the role of the bookmaker and back something not to happen. Punters offer odds to sell. It's very simple. When you back your bet, it means that something will happen and if you lay your back it means that something will not happen. Here is an. easyreturnsbetting.com › blog › sport-betting-guide › types-of-bet › lay-betting.