Lay betting is a popular betting method, particularly in exchange betting. Unlike traditional betting where you bet on an outcome to happen, lay betting involves betting on an outcome not to occur. Essentially, when you “lay” a bet, you’re taking on the role of the bookmaker.
How Lay Betting Works
- You choose an event and then decide which outcome you want to lay against.
- You set your own odds and stake for the bet.
- If another user on the betting exchange matches your bet, the bet is confirmed.
Benefits of Lay Betting
- Flexibility: Bet for or against outcomes.
- Potential for consistent profits.
- Risk management: Ability to hedge bets.
Understanding lay betting can open up new strategic opportunities in sports and event betting. It’s essential for bettors looking to diversify their approaches.
