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Placing a back bet is the traditional form of gambling - you believe an event will happen and bet on it happening at odds you want to take. How does it work? If you're a backer on a Betfair market, it's the prices in the blue column that you're interested in.
- How to Lay a Bet | Lay Betting Explained » Betfair™ Blog
For example, if you lay a bet at 1.5 1/2 for £10 you are...
- Back & Lay Betting Explained | Advanced Guides » Betfair™ Blog
01 Aug 2019, 15:03. In a nutshell. One of the Exchange's...
- Easy Explainers - A Betfair Exchange Glossary
Back bet. Placing a back bet is the traditional form of...
- How to Lay a Bet | Lay Betting Explained » Betfair™ Blog
01 Aug 2019, 15:03. In a nutshell. One of the Exchange's most significant advantages is allowing bettors to lock in a guaranteed profit in a market, or at least creating a position where they don't lose on any outcome - known as a green book. Two effective routes to achieve this are 'back-to-lay' and 'lay-to-back'. What's a 'green book'?
- Use The Betfair Exchange to Guarantee Profit
- Back-to-lay Betting: The Basics
- How Lay-To-Back Betting Works
- Using Back-to-lay in Multi-Runner Markets
- Let Betfair Do The Work
If you’ve placed a bet on the Exchange, you’ll then see there’s a green or a red value next to every selection in that market, whether you’ve placed a bet on that selection or not. The value indicates how much money you stand to make – displayed in green – or to lose – displayed in red– should the corresponding selection win. Meanwhile, because eve...
Two-runner markets usual occur in in head-to-head sports where a result cannot be tied – like tennis, darts (in knockout tournaments) or snooker. But whilst two-runner horse races are comparatively rare in the UK and Ireland, this is probably the simplest way to start explaining lay-to-back and back-to-lay, so we’ll look at this scenario first. Alt...
The fundamentals of lay-to-back are pretty much exactly the same as back-to-lay, only the opposite way around. For example, you might have reason to believe, perhaps based on Timeform’s Early Position Figures or similar data, that a horse’s odds will lengthen during running. Let’s say it’s about to go off favourite, but you know the pace is likely ...
The two-runner market is by far the simplest way of securing a green book, as bettors only have to worry about two outcomes. But if you’re comfortable with how the Exchange works, it’s possible to build a green book for a multi-runner race. After all, that’s essentially how most bookmakers work – only they’re in charge of all the odds in a market, ...
Whilst the basics of the Exchange are very easy to learn, it does take some more understanding to become proficient at using back-to-lay and lay-to-back tactics. Though as you have read – it is well worth the practice if you want to improve your betting and expand your opportunities to make profit. Still too much computing involved? If don’t feel c...
Back bet. Placing a back bet is the traditional form of gambling - you believe a result will happen and bet on it happening, at odds you want to take. On the Betfair Exchange, bettors placing these bets are called 'backers'. Those laying bets - betting on a result not to happen - are the 'layers'.
Sep 16, 2019 · A punter places back bets on the Exchange by selecting one of the blue buttons and entering a stake, as shown below. Calculating the potential returns from a back bet is simply a case of multiplying your stake by the decimal odds. So, say we’re backing Geranium to win for £10 today, the returns are: Stake x Odds = Returns. Returns – Stake ...
Sep 17, 2019 · You place back bets on the Exchange by selecting one of the blue buttons and entering your stake, as shown below. Calculating the potential returns from a back bet is simply a case of multiplying your stake by the decimal odds. So, say we’re backing Derby to win against Bristol City for £10 tonight, the returns would be: Stake x Odds = Returns
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You wager money on a certain thing happening, and if it does happen, you win. Placing a back bet on the Exchange is something that’s just as easy to do as it is with any other online bookmaker – and is usually a better option, as the Betfair Exchange gives you better odds in the majority of cases.
