For those unfamiliar with the term Lay Betting in simple terms is where you are betting on a team/person with the intention of it losing. A quick example of this would be Lewis Hamilton to win the Drivers Championship. A betting exchange i know has him at $25 to win and $26 to lay meaning that if i were to put $5 on a lay for him my exposure (if hypothetically he were to win) would be in the vicinity of $130 ($5wager x $26 to 1 lay odds=$130), whereas (if expected) he doesnt take out the drivers championship then i win $125 ($5wager x $25 to 1 back odds=$125) as my bet was a lay which says that he had to lose in order for me to collect....
The benefit i can see with lay betting is that you essentially become the 'book' so to speak and make your own odds, although only if they are 'matched' by someone backing for similar amount are they then valid.
Anyway il stop babbling on and would like to hear peoples insights and thoughts as to what they think about this style of gambling.....GL
The benefit i can see with lay betting is that you essentially become the 'book' so to speak and make your own odds, although only if they are 'matched' by someone backing for similar amount are they then valid.
Anyway il stop babbling on and would like to hear peoples insights and thoughts as to what they think about this style of gambling.....GL
