Understanding the basics of exchange betting can elevate your wagering strategy. Central to this concept are “back” and “lay” bets.
- Back Bets: A back bet is a traditional bet where you wager on something to happen, like a team winning a match. If your prediction is correct, you win.
- Lay Bets: A lay bet involves betting against an outcome. Essentially, you’re taking on the bookmaker’s role. If the selected outcome doesn’t happen, you win.
Exchange betting enables punters to both back and lay bets, offering more flexibility and opportunities for profit. Dive into this betting approach to enhance your gambling strategies.
