Lay Betting is a powerful strategy that allows you to bet against an outcome in a sporting event. Unlike traditional betting where you bet on a specific outcome, lay betting enables you to profit from a loss. Understanding its nuances can elevate your betting prowess and unlock significant returns.
Lay betting involves two parties: the backer and the layer. The backer bets on a specific outcome to win, while the layer bets against that outcome. If the outcome occurs, the backer wins and the layer loses. Conversely, if the outcome does not occur, the layer wins and the backer loses.
Feature | Description |
---|---|
Backer | Bets on a specific outcome to win |
Layer | Bets against a specific outcome to win |
Stake | Amount wagered by the bettor |
Odds | Probability of an outcome occurring, expressed as a ratio |
Lay Betting offers advanced features that enhance its versatility. These include:
Feature | Description |
---|---|
Lay Liability | Maximum potential loss for the layer |
Lay Odds | Odds offered by the layer to bet against an outcome |
Market Depth | Number of backers and layers involved in a specific market |
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