The lay bet is one of the two ordinary bets. What does this type of betting mean on the exchange? The meaning is very simple – the player is betting not on the event, but on the fact that it will not happen. For example, if a bettor bets on a football team, he will win if the selected team loses or the match ends in a draw. If this team wins, then the bet, on the contrary, loses. That is, from the point of view of calculations, such a rate is an analogue of 1X.
What are the features of a lay bet? The player not only bets on the fact that the event will not happen, but also on how much he wants to receive. In this case, the actual amount of the win is calculated automatically, it is based on the bet and the odds. The lower the probability of the event on which the bet is placed, the less the amount the bettor can lose, that is, the risk of losing his own funds will be lower than with other betting options.
A lay bet is similar to a regular one, but there are significant differences. It lies in the principle of the bookmaker’s exchange, that is, the player bets not against the bookmaker himself, but against the player. The purpose of the bet is the event, not its outcome, which is quite an interesting option that opens up many opportunities for players. During the game, the amount of net profit on the “Back” bet (which is also one of the ordinary bets) is always equal to the amount of the “Lay” bet. For example, a player has placed a back bet against another player’s bet of $10. It is this amount that will be deducted from the account if the lay bet is lost, and the amount of liability is always equal to the potential net profit of the back bet accepted by the player.
If a player has wagered an amount of $10. against the back bet and at odds of 2.5, the player risks the amount of $15, which is the potential net win of the second player, whose back bet has become the winner. What does this mean? A player can only win the amount of another player’s bet.