03 Lay betting : HID Betfair Education http://betting.betfair.com/education/the-site/lay-betting/ en Copyright 2009 Thu, 24 Jan 2008 14:30:51 +0000 http://www.sixapart.com/movabletype/ http://www.rssboard.org/rss-specification What is Lay Betting? "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 won't happen. This is the major difference with Betfair and conventional bookies.

]]> http://betting.betfair.com/education/the-site/lay-betting/what-is-lay-betting-240108.html http://betting.betfair.com/education/the-site/lay-betting/what-is-lay-betting-240108.html Thu, 24 Jan 2008 14:30:51 +0000 How do the odds work for laying? 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 £5 to win another £5. The odds you received were evens or 2.

]]> http://betting.betfair.com/education/the-site/lay-betting/how-do-the-odds-work-for-laying-230108.html http://betting.betfair.com/education/the-site/lay-betting/how-do-the-odds-work-for-laying-230108.html Wed, 23 Jan 2008 14:40:25 +0000 Placing a lay bet 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.

]]> http://betting.betfair.com/education/the-site/lay-betting/placing-a-lay-bet-220108.html http://betting.betfair.com/education/the-site/lay-betting/placing-a-lay-bet-220108.html betfair laying longshot reward risk value Tue, 22 Jan 2008 14:44:42 +0000 Liability 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 how much you are risking.

]]> http://betting.betfair.com/education/the-site/lay-betting/liability-210108.html http://betting.betfair.com/education/the-site/lay-betting/liability-210108.html betfair laying liability risk Mon, 21 Jan 2008 14:49:36 +0000