BET ABC Back / Lay

BET ABC Back / Lay

Lay bets can only be placed with betting exchanges, such as Betfair. However, we take a look how you can make lay bets with other providers. Back bets can be placed with every book-maker and betting exchange.

Back bets are the “normal” type of bets, i.e. you bet on the occurrence of a score. Let´s take a soccer game as example: Here you have the possibility to bet on home win, away win or draw. Doing so you have already made a back bet.

Lay bets can only be placed with betting exchanges, because here you bet against the occurrence of an event. Generally speaking, you bet against the home win. However, it becomes more interesting if there are more than 3 possible outcomes, for instance, precise final scores or victory bets. With no book-maker, for example, you can bet that Newcastle United will not become English champion. However, this is possible with a lay bet. In order to check out lay bets you best register with Betfair.

Some lay bets can be converted into a back bet. Let`s have an example:
Lay = betting AGAINST an event, e.g. lay home team or lay 1 = betting on the DEFEAT of the home team or betting that the game ends in a draw OR betting on the victory of the away team. Therefore, lay 1 is equal to the double chance X2 or (often with better odds) to the Asian handicap + 0.5 on the away team.
Lay 1 = Back X2 = Back 2 AH+0.5
When winning the lay bet: turnover = wager
When losing the lay bet: loss = wager * odds – wager

Hence, there is an easy formula to convert lay into back odds or vice versa:

Lay odds/ (lay odds – 1) = back odds
Back odds/ (back odds – 1) = lay odds

This means that lay odds of 3.5 are equal to back odds of 1.40.
For a risk of 100 Euro on a 1.40 back you obtain 40 net profit.
In order to make the conversion easier the betting calculator includes a back-lay converter.

However, this means as well that there is a higher risk with lay bets. When placing a lay bet with Betfair, you only contribute the amount the opponent (called holder) bets. Therefore, you contribute 40 Euro but you have to hold a risk of 100 Euro because if the holder wins you have to pay him 100 Euro. If you win you will get your 40 Euro.

The sport bet forecast can be made with Betfair as well. There are even three possibilities for the double chance bets. You can made the forecast, for example, as a lay bet or you take the double chance by putting the sport bet forecast on both outcomes. Both results must end up with the same score. The third and last option to do the soccer game forecast with Betfair is the Asian handicap. You can read more about this in another article of our betting ABC.

BET ABC Bankrollmanagment

Bankrollmanagement in Sport Betting.

Sport betting can be just as exciting as sport itself. Besides it can show a positive profit over the long term without much effort but with predictable certainty. Whereas gambling is based on luck and emotional decisions, result prediction in sport involves knowledge and analytical skills. The rule of thumb says: never bet more than 2% of your bankroll on any event. A bet should neither make you or break you.
Each sport has its own betting structure which shapes the bankroll management. A decisive point in football prediction is a comprehensive knowledge of the game, teams and players. Real soccer fans might find no difficulty in match result prediction. Key facts here are team trends, odds payout, league series, over/under and final table prognosis. Surely one can refer to a tipster in order to achieve better results in football prediction.
There are only three likelyhood in soccer betting. You can bet on win, lose or draw. It is also possible to invest in total goals (over/under) and half/full time result prediction. Since it is gambling , luck plays a major role in this activity. But you can always increase your odds by checking out home and away win records of a team, history between the two playing clubs, team schedule, etc.
First of all set your betting fund, your bankroll. This is the money you should be prepared to lose any time. Set your profit limits next. How much money would you be satisfied with? Don’t be too greedy, but remember you betting is supposed to bring you profit. Bet maximum 5% of your entire bankroll on one play. The majority of gamblers prefer to bet not more than 2% of their fund. Bear in mind, that your win consists of 50% picking winners and 50% staying disciplined in money management. Always withdraw the gained money and leave your deposit at the original state. Never let one bet ruin your entire bankroll.
Only strictly following your plan can you feel the benefit from your efforts. Don’t bet on games with small odds. And yet don’t take irrational risks. Successful soccer betting and football prediction implies a disciplined and controlled approach. Keeping these tips in mind, develop your own bankroll management strategy. Do it with an eye towards the long term.