You need to have sufficient funds in your account to cover the liability before placing a lay bet. In this case, the liability is £100 (5 x £20). If it does win, however, the liability will be taken from your exchange account. If you lay it, you win the £20 stake so long as the horse doesn’t win. Take the £20 bet on a horse at 5/1 (6.00), for example. This is because you are essentially playing the role of the bookmaker and will have ‘winnings’ to pay out if your bet loses. With lay betting, however, you can lose more than you have staked. When placing a back bet, the most you stand to lose is your initial stake. The most important thing to understand about lay betting is liability. If someone places £20 on a horse at 5/1 (6.00), they need someone else to take the bet on or ‘lay’ it. Simply put, a betting exchange allows users to bet against each other rather than with the bookmaker. Although betting exchanges can initially appear daunting, there’s really not much to them once you understand the basics. In order to place a lay bet, you will need to use a betting exchange. Similarly, if you place a lay bet on a horse, you are essentially betting on any of the other horses in the race-winning. Your bet wins if Liverpool either loses or draws the match. For example, to lay, Liverpool is to bet on them not winning.

Lay betting is just the opposite of this. This is your traditional bet in which you are betting on something to happen, be it a horse to win, a player to score the first goal or whatever else. You are almost certainly already familiar with the concept of placing a back bet. What’s the difference between lay and back betting? In its most simple form, placing a lay bet means betting on something not to happen. So here’s everything you need to know about lay betting and why BetConnect is your best bet.

As a matched bettor, you won’t get far if you don’t know how it works or how it’s done.

It enables you to cover all outcomes of an event so you can lock in a profit regardless of the result. Lay betting is the driving force behind matched betting.

Back and lay betting sites