03 Lay betting 
What is Lay Betting?
Betfair Education / 24 January 2008 / 2 Comments
"I bet you won't get a bullseye", "I bet you won't finish all that", "They'll never win if he plays." We all make statements to friends like this every day. What you're actually doing is 'laying a bet': betting something...Read more »
How do the odds work for laying?
Betfair Education / 23 January 2008 / Leave a comment
Imagine two everyday scenarios - flipping a coin and rolling a dice. You and your mate each put a fiver on the coin toss. One calls Heads, the other gets Tails, and whoever wins gets £10. You backed Heads for...Read more »
Placing a lay bet
Betfair Education / 22 January 2008 / Leave a comment
Select the market as outlined in placing a bet. Then click on the lay side, in the following example you are laying Phil Mickelson at odds of 9.0. The backer is staking £10....Read more »
Liability
Betfair Education / 21 January 2008 / Leave a comment
This is the amount you could lose in your worst-case scenario. When backing it is simply the stake which you place. When laying however it is the amount it will cost you if your selection wins. Either way, it is...Read more »
