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- Lay betting is an option on exchanges like Betfair where bettors can play the bookmaker, offering odds to sell a bet instead of to back a bet.It is one component of matched betting, where punters.
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Betting systems – the truth about lay betting systems!
One of the many reasons that betting exchanges have had such phenomenal growth and success in recent years, is down to the fact that individuals are now able to use lay betting systems (take bets), thereby doing away completely with the need of the traditional bookmaker. Betting exchanges offer a unique service known as the lay betting system, providing a modern alternative to the conventional back betting system. They also offer many other additional and valuable features within the betting exchange environment.
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By offering their customers the ‘lay betting system’ facility, betting exchanges allow individuals to play the role of bookmaker as part of their service. This offers a real alternative to the traditional bookmaker method of the ‘back betting system’ by allowing the unique advantage of using the ‘lay betting system’.
Playing the role of bookmaker, lay betting systems – what does all this mean?
In really simple terms, lay betting systems on a betting exchange offer you the opportunity to form an opinion using your own judgement, by using a lay betting system to predict the outcome of a sporting event that you consider will not win. This is known as the ‘lay betting system’.
Gone are the days when you were restricted to using just a traditional bookmaker, who would only allowing you to use the ‘back betting system’ to find a winner. Like never before, betting exchanges now offer you the lay betting system facility. By harnessing the power of the betting exchanges together with unique lay system betting, you can now win by simply using a lay betting system to lay bet a loser.
How to use lay betting systems
Consider this, your favourite football team is playing at home and you feel absolutely certain that a draw is most certainly out of the question, simply because you have been watching their progress closely throughout the season.
The betting system is showing lay betting system odds on the outcome as follows:- Team-A 5/2, Draw 2/1, Team-B 5/2.
Here is an explanation of how lay betting systems work using laying odds of 2/1:- The lay betting system draw odds in this example are 2/1 therefore if you lay bet say £10 on the draw then…
If the result of this football match did end in a draw then you would lose £20 (2 x £10).
If you used the lay betting system to lay bet the draw, by playing the role of bookmaker and the final result was not a draw, then the £10 stake money would be yours to keep (except for a small commission for the betting system owner).
Lay betting systems explanation: Using lay system betting in the above example is exactly the same as placing a £10 bet at odds of 2/1 with a traditional bookmaker but with one vital difference. A traditional bookmaker will keep your £10 stake money if the bet loses, but some lay betting systems will let you keep the stake money, in just the same way as the bookmakers have always done.
Betting exchanges offer a variety of lay betting systems on almost any sporting event imaginable. People from all walks of life can now experience the thrill and excitement of lay system betting on almost any sport. This could be cricket, football, rugby, horse racing, or maybe golf, in fact if it’s a sport then you can probably lay bet the outcome.
Let me show you another lay betting system example – if we take a look at horse racing this time we can discover how to stack the odds very much in the lay bettors favour, instead of the opposite being true when using the back betting system.
Back betting systems
Imagine a horse race with say 12 runners. If you have a ‘back bet’ using the betting system in the traditional way, in order for you to win, you would need to find the winner of the race. Therefore, with 12 runners in the race you would only have 1 horse running FOR you (the one you have bet on to win) and ALL the other 11 horses would be running AGAINST you. If any one of the other eleven horses actually go on and win the race then you lose your stake money in the traditional way (this is referred to as the ‘back betting system’).
Lay betting systems
Using the same horse racing example as above with 12 runners. If you used the lay betting system to lay bet just one single horse in a race by using a betting exchange, the odds will be very much stacked in your favour, simply because with lay system betting you create a situation where only one horse is running AGAINST you (the horse that you have lay bet to lose the race). If any one of the other 11 horses actually go and win the race, then you win your lay bet (this is known as ‘lay betting’ or ‘lay betting system’) because you have put yourself in the unique position of having ALL of the remaining 11 horses in the race actually running FOR you.
It is well worth taking the time to learn more about the fundamentals of betting exchanges and lay betting systems in general. I realise that lay system betting might appear to be a little confusing to you right now, particularly if you know absolutely nothing about the subject. However, taking the time to learn all that you possibly can should pay off handsomely in the future. The potential profits are there for the taking.
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Let’s face it – you must agree that picking a horse to lose in a 12 runner horse race is much, much easier than trying to pick the winner of the race. I hope you can see the possibilities here, by making sure that the odds are stacked very much FOR you when using the lay betting system, instead of AGAINST you when using the traditional back betting system.