Back and Lay In Betting: A Complete Guide to Understanding The Basics

Back and lay betting has been the talk of the sports betting world in Bangladesh ever since it came on the radar. The reason for this is not far-watched. Playing back and lay bets allows bettors to dictate the game odds and earn bigger payouts. However, while back and lay bets may be profitable, they come with some risks and require a steep learning curve.

Keep reading to learn what is the meaning of back and lay in betting, and how to place back and lay bet if you eventually decide to try it.

What Is Back and Lay In Betting?

Backing a bet means staking that a sports event will occur while laying a bet means betting that a sports event outcome will not occur.

To simplify, laying a bet involves risking your money that an event will not happen. For you to lay a bet successfully, another bettor on the other end must be willing to place a counter bet known as a back that the event will happen.

If you lay a bet and the event doesn’t occur, you win and get paid (minus commission). Conversely, if the event happens, you lose the bet and release the stake to the person who made a back bet.

It is worth mentioning that you can place back or lay bets on any sports or sporting event, not just the match outcome.

Back and Lay Betting Vs Traditional Sports Betting

While in betting what is back and lay may look similar to money line (12) betting on traditional betting sites like Melbet Bangladesh, both differ. Here are the differences between them:

Traditional Sports Betting	Back and Lay Betting
It takes place on sportsbooks	Takes place on betting exchanges
The bookmaker sets the odds	Bettors set the odds
Slightly altered odds	Higher odds
Less risky and straightforward	Higher payouts but complex
Suitable for beginners	Best for seasoned bettors

Benefits of Lay and Back Betting

Some of the upsides of engaging in back and lay betting include:

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Total control of Betting Odds: In back and lay betting, bettors act as bookmarkers and set the match odds. This way, the bettor controls the odds and can dictate the match odds as they see fit.

Higher Payout Possibility: With higher odds, you can win more payout on top of your stakes.

Multiple Ways to Make Money: The sweetest thing about bet-laying and backing is that you can bet on both sides of the outcome. This helps hedge your bankroll against losses while slowly stacking your profit.

Now that we have shown you what lay and back betting is and why you should give it a try, let us discuss how to get in on the action.

How To Place Back and Lay Bet

Follow the steps below to engage in back and lay betting:

Sign Up: Register on a reputable betting exchange.

Deposit: Once you sign up, go ahead and fund your account through any of the digital payment options listed in the site.

Access Sportsbook: Hover to the lay and back section and scan the list of upcoming matches and their odds

Place Back or Lay Bet: To place a back bet, look for events where the favorite has high odds and select the back bet often listed in blue. Alternatively, you can place a lay bet on an event that will not happen. Here, you need to make a deposit known as a liability

Cash Out: Finally, wait patiently for the event to unfold. You win if you place a lay bet and the event doesn’t occur. But, if the event occurs, you lose and must release the money to the other person.

How To Make Money From Back and Lay Betting

After understanding what back and lay means in betting, there are two ways to make money. These include:

Matched Bonus Betting: Capitalizing on bonuses is another way to make money through back and lay betting. In this technique, you strive to claim no deposit bonus (given out for free) or a matched deposit bonus (given out after making a deposit).

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Now, you’ll wager your bonus to back an event with high odds. Next, you’ll go to another betting exchange and place a lay bet on the same event with another part of your budget. As you can see, you’ve hedged your stakes. And therefore, you get a chance to make a profit irrespective of the game outcome.

Sports Trading: In this back-and-lay betting technique, bettors scan odds across various betting exchanges and sportsbooks to spot profitable trading opportunities. In essence, you place a back bet on the favorite team to win when their odds are highest. This is usually in the pre-match session before the game commences.

As the game proceeds, the favorite’s odds will fall, while a straight-win bet on the underdog will have higher odds. At this point, you can place a lay bet on the underdog. This way, your bankroll is secure and guarantees profit whichever way the event ends.

Final Thoughts: Is Back and Lay Betting Worth Trying?

Back and-lay betting is a profitable way to access higher odds, hedge your budget, and boost your winning potential. However, it would help if you read and interpret the odds and calculate the stakes to succeed in this betting niche. Luckily, you can employ tools like odd calculators to help streamline your experience. Good luck.