![]() When the bet is successful, there can be only one winner. So, for your stake to be successful, if you are placing a back bet, there needs to be another player interested in placing a lay bet on the same event, at the same price as you, but at opposite odds. If a back bet on a football match is for a specific team to win, then the lay bet would be for that team to lose.Ī sports betting exchange can only match two bettors placing two opposite bets. If you want to learn more then check out this article. So a lay bet is the exact opposite of a back bet. However, in an exchange, you can choose to do the opposite, betting against an event or outcome. So whether you stake with a parlay, Moneyline, or any other option, you are still backing an event. So what is a back bet? It simply means backing an event or outcome. Back and Lay Bets for DummiesĮvery betting option you are familiar with in a traditional bookmaker is a back bet. So allow us to explain the concept of back and lay bets. ![]() Alternatively, you could choose another bettor’s odds and bet against them.īut how is it possible to bet against each other? Logically it doesn’t seem reasonable. Then another player who would love to play an opposite bet could choose your odds and bet against you. Instead, you specify the odds you prefer and place your bet. In a sports betting exchange, there are no fixed odds.
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