Backing and laying on betfair
Many of you will have heard of Betfair but how many of you know how to place a bet on the Betfair Exchange and then more importantly lay it off in running? Well allow me to enlighten you a little with my backing and laying betting guidelaying can certainly be your friend especially if you like betting on horse racing like me. First of you want to pick a horse in your chosen race for this example I have chosen Fresh New Dawn, to place the bet I choose a stake and hit the blue square with the decimal odds in see image below.
After you click the blue box, at the side you will see the box below show up on the right-hand side. A few years ago, as online gambling became more appealing and more bookies sprang up, so did the competition in the betting industry.
How To Back And Lay On Betfair
The only way for bookies to attract and keep new customers is to offer them incentives to keep them betting much like this Smarkets free bet. Bettors take advantage of these free bets and bonuses and make a guaranteed profit in the process.
Back lay betting is the main concept behind matched betting and other low-risk trading strategies. It allows punters to make a guaranteed profit without putting their own money at risk. This concept can be quite challenging for matched betting beginners so bookmark this page and come back to it, if necessary. For almost every matched betting offer you complete, you place two bets. One back bet and one lay bet, on the same market.
Betting exchange introduction
In this scenario, one bet will always win and one will always lose. By using this back and lay betting strategy, your two bets effectively cancel each other out making matched betting completely risk-free. Before you access a free bet or bonus, you often need to stake a certain amount of money. So an offer may look something like:. Matched bettors use the back and lay process to achieve this risk-free. Check out this article for more information on how matched betting works.
So we know what back and lay betting is and we know how to use it.
When it comes to matched betting, you can select any market to place your bets. However, some markets are better than others.
Our first tip is to select a market where the back and lay odds are close together. The tighter the odds, the more money you make. This tip has a significant impact on the profitability of your matched betting in and beyond. If the back odds were 5. Ultimately, you should look for lay odds that are lower than the back odds. As I mentioned above, this would allow you to make a guaranteed profit irrespective of the outcome. If this is the case, I suggest you move on and look for another market to place your back and lay bets.
You can work out the exact numbers using our lay betting calculator more on this below. Our second tip also relates to matched betting: always place the back bet before the lay bet.
Key Terms: New customers only. Place the 5 specified bets to earn Free Bets.
What is back and lay betting? A guide to lay betting in 2019 and beyond
Each leg must have minimum odds of 1. Applies to bets on sport only. Valid once per customer. Free Bet valid for 7 days. Free Bet max winnings is 20x Free Bet stake.
Free Bets must be accepted in popup messages once their qualifying bets have settled. Free bets applied to account on consecutive days. New accounts only. System bets no eligible. Qualifying bet is the first sports pool bet added to the betslip.
Ten to Follow bets do not qualify.
Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. New Customers only. Bonuses expire in 7 days. PayPal and Card payments only. Geographical Restrictions. New UK customers only. Debit Card deposits only. This offer is valid for 7 days from your new account being registered. Full Terms apply. Bet The Responsible Way. First bet must be on Sports. SMS validation may be required.
Card payments only.