Back and lay are two different types of bet. To back something simply means placing a bet that something will happen, such as a horse winning a race or a particular football player scoring a goal. If you lay rather than bet on your selection, however, you are effectively betting for something not to happen. In lay betting the bettor takes the position of bookmaker, and wins the bet if the outcome which they lay doesn’t happen.
If you plan to back or lay a team, you can always find the best odds with our Odds Comparison Tool. There you can see all of the odds for major sports across the globe and compare the odds given for matches across multiple sportsbooks.
Backing a team or individual to win a sports event is the simplest form of bet, although it can be placed as a single bet, an each way bet or as part of an accumulator. A single bet which backs Arsenal to beat Burnley at odds of 5/1 will generate a profit of $25 on a $5 stake.
A lay bet on Arsenal the same match will generate a double chance of winning, in that it will pay out if Arsenal lose or draw the match with Burnley. Placing a lay bet means acting as the bookmaker and facing a set liability if the bet doesn’t come off. Some bettors utilize back and lay betting within a single match in order to guarantee a profit, but this is a tactic which relies upon a thorough knowledge of both the teams involved and the betting markets.
A bet can be placed to back a draw at the start of a match and then, if the score is drawn at half time, a bet to lay the draw could be placed at fresh odds. If the match is draw then the original back bet is successful, but if the match isn’t drawn then the lay bet wins out. In either scenario the stake of one of the bets would be lost (plus a liability on the lay bet), but the winnings from the other bet should outweigh this loss. Back and lay bets of this kind are complex and only result in small, albeit potentially repeated, winnings. They should therefore only be attempted by more experienced bettors.
No matter how you choose to place your bets, gambling is notoriously difficult to succeed at. One way to increase your chances of winning is to always look into the latest bonuses and promotions that are available to bettors. We betting.net have compiled all of the best bonus codes, promotions and deals in one convenient place. Here’s just one great deal now that was offered from our friends at Unibet.
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Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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