03 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 won't happen. This is the major difference with Betfair and conventional bookies.

Betfair have made lay betting possible.

For example have you ever thought Roger Federer was way too short to win an event, but couldn't decide who was going to win the tournament? Problem solved - by laying Federer, you are effectively backing the field to beat him. Much easier to cheer the whole field!

Like anything too good to be true, there is a catch. Should your selection win, you'll pay the backer his winnings, which could be a lot more than the stake. Just be careful how much you decide to lay!