When you are lay betting on a betting exchange, you are betting for results not to happen. For example, in football if you don’t think a team will win, you can lay the bet which covers the loss and the draw.
Betting exchange lay bets
One of the main attractions of using betting exchanges are the ability to be able to lay bets. Betting exchange lay bets allow customers to bet against an outcome, instead of backing it to happen. For example, if a horse was priced at 2.0 but you thought it wouldn’t win, you can lay the bet. If any other horse wins, you win the lay bet.
Laying a bet is also known as selling a bet and allows you to act as the bookmaker by setting the odds and hoping the outcome won’t happen. You can also choose the price you want to take and how much you are prepared to risk. It is important to note, the shorter the price you wish to lay, the less money you have to risk compared to your potential reward.