Laying a bet simply means to wager that an event will not occur, i.e. to take the place the bookmaker.
Let's say that Man Utd is playing Aston Villa at a football game. If you express the odds as decimal odds, then Man Utd's odds of winning are 2.25 (5/4 fractionally). Aston Villa's odds of winning are 4 (or 3/3). The odds for a draw are 3 (or 2/2).
You are essentially offering someone PS10 to bet Aston Villa will win. You are allowing punters to bet in place of the bookie.
You are betting that the event will not happen. In this case, Aston Villa losing the match is your bet. You are a winner if Aston Villa loses or draws. You only lose money if Aston Villa wins.
Betfair, Mansion and other online exchanges are the most popular. These will be discussed in greater detail in the next section.
If Aston Villa wins, you must pay PS40. The PS10 bet and the PS30 win - PS10 bet x odds 4 = PS40.
If Aston Villa loses or draws, you will get the PS10 bet, which is the money of the punters.
Imagine that Arsenal is playing Tottenham Hotspur at a football game. When expressed in decimal odds, the odds of Arsenal winning are 3 (or 2/1). Tottenham Hotspur's odds of winning are 4 (or 3/1). The odds for a draw are 2.25 (5/4).
You can bet on Arsenal to lose if you believe there will be an upset. You can bet PS40 at odds of 3 on the game. If Arsenal loses or draws, you will earn PS40.
You'll have to pay PS120 if Arsenal wins. The PS40 bet and the PS80 winnings (PS40 bet x 3 odds = PS120)
How to earn money:
Online bookmakers can help you to make a profit.
When you use an online betting site, you will often receive a bonus. For example, if you place a PS30 wager, you will get a PS30 free bet.
Free bets or bonuses allow for a profit from betting laying/matching.
You are essentially covering both sides when you match an bet canlı bahis siteleri.
Imagine that you are laying a wager, as was mentioned in the article. You then make the exact same bet, but this time, you stake a certain amount of money at certain odds at a bookmaker. You will receive your winnings if you place a bet at the bookies. However, you must also "pay out" your lay. The two outcomes will cancel out each other, so you won't lose anything (but neither will you gain anything either). If you use bonus money or a free bet, you can make a profit on either the lay or bet.
This is why it's so important to note that you should try to place your bets at odds as close as possible to those offered by the Bookmakers. It is important to do this so that you make the minimum possible loss when placing your bets. You can also guarantee a profit if you find lay odds on the Exchange which are lower than the odds offered by the Bookmaker.
An example of a matched bet using your own money.
The odds that Chelsea will win the Premiership is 3, or 2/1. The odds are what they will win at the bookmakers. The odds of Chelsea winning the Premiership are 3.
You will get the same result if you bet PS10 in the bookmakers on Chelsea winning the Premiership and then place PS10 in the Exchange.
The Bookmakers will give you PS30 if Chelsea wins the Premiership (PS20 profit and the PS10 stake is returned along with the winnings). You will be required to pay PS30 for the lay (their PS10 stake plus the PS20 profit from the bet). You would then have PS20 in profit at the Bookmakers and PS20 in loss at the Exchange. You are now back at square one and have not made any profit or loss.
If Chelsea had not won the Premiership you would lose your PS10 at the Bookmakers but win the PS10 at the Exchange.
This is all pretty useless, unless it was a free bet.
An example of a matched bet using your own money with a free bet
To keep it simple, we will continue with the same scenario.
The odds that Chelsea will win the Premiership is 3, or 2/1. The odds are 2/1. The odds of Chelsea winning the Premiership are 3.
You will always make a profit if you use a free bet of PS10 at the Bookmakers and then place PS10 at the Exchange (your own money).
You will receive PS30 if Chelsea wins the Premiership (as long the stake was returned). The lay would cost you PS20, which is what you'd have to pay at the Exchange. You will then have a profit of PS10 (PS30 in winnings less PS20 in lay losses).
You will make PS10 profit if Chelsea does not win the Premiership.
In this example, it is clear that you will be able to get back almost all of the amount you have placed on a free-bet. It is not always possible for you to get the entire amount back. In the Lay Exchanges, they charge a commission for any winnings from a lay or bet. The commission at Betfair, which is the most popular exchange, is typically 5%.
A second issue is the SNR (Stake Not Returned) that is sometimes applied to free bets. If you bet PS10 on odds of 3, you would only get back PS20 and your stake will not be returned.
These and other problems can be easily resolved by using the free spreadsheets and software that are available to people when calculating their bet matching. You can enter your Non-Stake Return figure (or Stake forfeit) and the exchange commission rate.
Most spreadsheets will only accept fractional odds when entering odds. Although most Bookies can offer fractional odds on request, it's easy to convert.
Divide the fractional odds by 4 and add 1.
4 / 1 = 4 + 1 = 5.
If the fractional odds are 5/4, then:
5/4 = 1.25 + 1 = 2.25
Return of Stake:
Most of the time, when Bookmakers offer free bets, they are non-returnable. It is possible to use the free bet for a certain outcome, like Chelsea beating Rushden and Diamonds. The free bet would also be returned, along with any winnings. When the stake on a bet is not returned, however, they will barely make any money. If the odds were 1.2 for Chelsea to defeat Rushden and Diamonds and you had placed a stake-not-returned bet of PS20 and the PS20 was on Chelsea, you would receive only PS4 in return. If the stake had been returned, you would have received PS24.
It is because the Bookmakers do not want this to happen that they don't usually return stakes for free bets and bonus bets. The best way to avoid this is to use a free bet to place a wager with incredibly high odds.
Say, for example, you used your free PS20 to bet on Rushden and Diamonds and won Chelsea at odds 9. You would have received PS160 and that doesn't even include the original stake. This is an excellent return on your free-bet and much better than the PS4 that you would have received if you had backed Chelsea. It is unlikely that Rushden and Diamonds won the game, but if you remembered to lay the bet on the Exchange you could have unlocked the majority of the free-bet as your money.
The matched bet shows that the Lay stake needed to match the bet is PS10.29. There is a closeness of %97.79. In the above situation, the Lay Odds are lower than the Back Odds by 0.05. This would normally be an Arb* but because of the %5 Lay Commission there isn't one. When you lay out a qualifying wager, you may make a small profit as long as the odds are reasonable close. On rare occasions, you may get Lay odds that are lower than Back odds. You will always make a profit, no matter what the outcome of an event is. You may only lose a little money when you match the bet. This is fine, because you are unlocking a bonus or free-bet by matching the original bet. You can earn up to 80% of your free bet or bonus if you match it correctly.
How to lay the bet:
When you first start placing bets it's best to go with a popular Exchange, like Betfair. Betfair's commission rate is usually 5%, but it can sometimes be as low as 1%. It is best to check the terms on their website.
Betfair makes it easy to place a wager. Find the market you want and the event you bet on. You will then see white and pink values on both sides of the screen. The white values represent betting on an event. The pink side represents the current lay prices. Below each value, you will find the amount of money that is available for each price.
If you do not like the Lay odds offered at Betfair Exchange, you can set your own price and enter the amount you're willing to accept. It is then up to the other user to decide whether to accept this Lay value and how much money they want to take. If nobody accepts it (the bet does not get matched), you'll have to reduce your lay value, or cancel the wager completely.
Say, for example, that someone bet PS100 in the Bookies on Bolton winning against Arsenal at odds of 4 to 1. The same person could then go to Betfair, put up a Lay Value of 2 for Bolton to beat Arsenal and make PS200 available. The person must then wait for others using Betfair accept the odds that he made available.