Lay Bet Calculator

What is a lay bet calculator?

A lay bet calculator is a tool used in sports betting that helps you determine the potential payout and liability of any lay bet you might want to place. You may be wondering how it does this. In short, the lay bet calculator takes into account various factors such as the odds, stake, and commission charged by the betting exchange to work out the potential payout and liability of the bet.

What is a lay bet?

A lay bet is a type of wager where you are betting against the outcome of an event. In other words, unlike traditional betting where you place a bet on a particular outcome, a lay bet takes on the role of the bookmaker and bets against the event happening.

How does a lay bet work?

If the outcome you laid against does not occur then you will win your bet and collect the stake from the opposing bettor. However, if the outcome does occur, keep in mind that you will have to pay out the winnings to the rival bettor - just like a bookmaker would do.