The Betfair Exchange allows you the opportunity to back and lay bets and Cash Out. We also offer Casino, Poker, Games and Bingo.
Learn more about back and lay advanced betting! Understand the back-to lay and lay-to back strategies with the Betfair™ Blog! Lay or Back Advanced Guides
However Betfair gives you a second option, and that is to LAY. Basically it’s the opposite of a back bet. You’re betting that an outcome will NOT happen. So if you lay Roger Federer to win Wimbledon, you’re betting against him winning. Your bet will be paid if he loses.
In a nutshell. There are two sides to every bet; someone betting on an outcome to happen (a back bet), and someone on the other side betting for an outcome not to happen (a lay bet).
Betfair allow you to both ‘back’ and ‘lay’ bets, which gives you complete control and a totally unique betting experience. The Betfair exchange can be a little daunting at first, but once you’re used to it and understand the markets, you’ll be able to get the best odds available anywhere in the country.
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.
Our free online Back/Lay betting calculator calculates the correct Stakes for backing and laying the same selection for the same Net Profit, whether the selection wins or loses. This is commonly known as trading out, greening up or Back/Lay arbitrage. To help you understood how the Net Profit is obtained, the calculator breaks it down into it Back Bet Profit, Lay Bet Profit and the applicable Commission Paid.
And it's no different on the Betfair Exchange, thanks to the ability to place backand 'lay' bets on the same event in-play, at different prices. An ideal trade will allow you to place different ...