This is similar to cashing out your bet earlier. Laying off your bet allows you to take reduced, but guaranteed winnings. Matched betting is legal in the United Kingdom. Just be sure to only use sites that are certified with the UK Gambling Commission. All of the sites we recommend follow the criteria. When you lay a bet, you are betting on something to not happen. However, if it wins then you pay the winnings. This is known as the liability, i.
Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. Is Lay Betting Legal? Featured reviews 10Bet Review William Hill Review About Us To know more about our writers and our ranking method you can learn more about MyBettingSites. Responsible gambling Don't gamble unless you know the facts. We are using cookies on this website to ensure you get the best user experience.
If you continue to use our site we will assume that you consent to cookies. Alternatively, you can choose "Read More" to see what cookies entail. Ok Read More. In doing so, once the lay element of the bet has been matched, the bettor has locked in a profit regardless of the eventual outcome. The variation in odds will hopefully secure a profit, again before the event is completed. One of the key advantages of the Betfair Exchange is that it allows bettors to create a position in a market where they can profit from several, or even all outcomes.
The value indicates how much money you stand to make — displayed in green — or to lose — displayed in red— should the corresponding selection win. The short answer is that we need to adjust our position in a market as it develops, so that we lay bets at shorter prices than we then back them at, or back at bigger prices than we then lay them at.
All of the following techniques work to the same fundamental principle: removing your risk by betting tactically on alternative outcomes, to create more scenarios where you win. The more you watch of the event and the more twists and turns there are, the greater the opportunity to trade yourself into an even better position. Two-runner markets usual occur in in head-to-head sports where a result cannot be tied — like tennis, darts in knockout tournaments or snooker.
Altior and Cyrname are racing over 2m 2f on soft ground. The horses are closely matched, one with a speed advantage and the other with a stamina advantage, so tactics and pace will be decisive. The market has Altior at 1. The race begins, and as predicted you can see pace predictions for every race with the Timeform Pace Maps Cyrname goes in front to force a strong pace. In-play betting now sees Cyrname trade at 1. Essentially, this means two more options have now opened up for you.
This means you now have an opportunity to come away with a profit regardless of the result — and where the technique of back-to-lay can come in. Firstly, you could lay off your potential losses by backing Cyrname not to win. In this instance, because there are only two horses, this would most likely require Altior to win although it also includes the possibility that neither horse completes the race and there is no winner. You now have a green book. However, you also have the option not just to lay off your potential losses on Cyrname, but instead to choose to try to win money on Altior.
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If Horse A wins, your back bet will win and your lay bet will lose. Whatever betting market you look at, the odds are generally not the same between different bookmakers. This is especially the case when it comes to back and lay odds. This is clear to see in the example below:. Back odds at Coral for a tennis match:. Lay odds at Smarkets betting exchange for the same tennis match:. You can see the back odds are 3.
A discrepancy like this is quite typical and is sometimes bigger than this. Speaking of making a guaranteed profit, many punters use a betting strategy called matched betting that uses the back lay process mentioned above. The first step is to head to your favourite betting exchange. Next, find the market you want to bet on. I want to place my bet on the fourth Ashes Test.
This is the important bit. Betting exchanges differentiate between the two by using different colours. At Smarkets, green represents a back bet and blue represents a lay bet. Another way to distinguish between the two, the lay bets are always on the right-hand side. Betfair and other exchanges use a different colour scheme but you can find out more about that in our betting exchange guide. A few years ago, as online gambling became more appealing and more bookies sprang up, so did the competition in the betting industry.
The only way for bookies to attract and keep new customers is to offer them incentives to keep them betting much like this Smarkets free bet. Bettors take advantage of these free bets and bonuses and make a guaranteed profit in the process.
Back lay betting is the main concept behind matched betting and other low-risk trading strategies. It allows punters to make a guaranteed profit without putting their own money at risk. This concept can be quite challenging for matched betting beginners so bookmark this page and come back to it, if necessary. For almost every matched betting offer you complete, you place two bets. One back bet and one lay bet, on the same market.
In this scenario, one bet will always win and one will always lose. By using this back and lay betting strategy, your two bets effectively cancel each other out making matched betting completely risk-free. Before you access a free bet or bonus, you often need to stake a certain amount of money. So an offer may look something like:. Matched bettors use the back and lay process to achieve this risk-free. Check out this article for more information on how matched betting works. So we know what back and lay betting is and we know how to use it.
When it comes to matched betting, you can select any market to place your bets. However, some markets are better than others. Our first tip is to select a market where the back and lay odds are close together. The tighter the odds, the more money you make. This tip has a significant impact on the profitability of your matched betting in and beyond. If the back odds were 5. Its appeal and participation numbers continue to exceed expectation.
Racehorse syndication and modern technology provide participants and recreational punters excellent entertainment. There are many services available to those serious punters that want to generate extra cash or supplement their fixed retirement income. We hope that you choose to use our service. We are not your normal tipping service and we do not see other tipsters as competitors. We educate everyday punters on how to back and lay horses in a successful manner.
To the contrary, our high strike rate allows small profits to be generated over multiple periods. Thoroughbred horse racing is just another supply and demand market similar to shares, equities and commodities. So whenever you just BACK horses, your chances of winning is significantly reduced.
The highs and lows that all professional and amateur punters experience can be partly attributed to being restricted to taking one position in the market. Effectively you are betting with one hand tied behind your back. Can you imagine what your superannuation balance might be if fund managers could only take short positions and were excluded from long positions in the market?
If property developers could buy property but not sell it? To be able to generate regular profits or create a valuable income stream you require skills that will allow you to back and lay at will. Traditionally, laying horses has been in the bookmakers domain and genuine self-interest means they will do everything within their means to retain the significant edge they hold over the punter.
New members commence with an introductory worksheet. When you become a member of our service, you can learn what we believe to be the two most influential factors that ultimately determine the outcome of most races run in Australasia. How are we different to other tipping services? Yes, you read correctly. Our Members Area provides all the information you need to put our system to work. But let me put it to you this way:. Have you been following tipsters in the hope that you can find more winners?
More winners should mean more profit and more money in your betting bank, right? So ask yourself, what is the strike rate like for your past tipsters? Are you winning money every week? This is where we come in. Because we help you find the losers too, which means more winning bets and more profit in your betting bank. This is an amount of money you are willing to risk to put bets on using our Daily Selections.
We want members to be in control of their gambling at all times and not allow gambling to control them. Please ensure that when implementing our concept that you do so in a controlled manner with the key principle to only gamble what YOU can afford to lose. It is a very easy sign-up process. You only need your Betfair account to work our Daily Selections.
Click here to see our available memberships.
The number circled below is your liability, and potential payout if the person taking your bet wins. If there is someone who already has cash in the system at the same price, the exchange will match your bets immediately. Otherwise, you must wait for someone to take the price which you have offered. This is how our betting exchange of choice for this example, Betfair, make their money.
But as we mentioned previously, lay betting is vital for matched bettors. Matched betting is a process which turns bookmaker free bets into withdrawable cash, with little, or no risk. Because lay betting is important for matched bettors, OddsMonkey have teamed up with the number one betting exchange, Betfair, to make life so much simpler.
It was developed to make finding suitable matched bets easier. Previously, this would be a long, frustrating process. To get a better return with matched betting, you need to find an event where the bookmaker price is close to the exchange price. Our OddsMatcher tool scrapes the data from every bookmaker and betting exchange, and allows you to filter for suitable bets. In the past, it was a point of reference only. But time is of the essence in matched betting. Prices are constantly changing, so you need to be quick.
So what did we do? We spoke to Betfair, and with some technical wizardry, we integrated Betfair into our platform. Before now, the biggest risk with matched betting has been human error. But our integration of Betfair takes us one step closer to eliminating that risk altogether!
About Our Company. We are a crack team of software developers and experienced Matched Bettors, dedicated to helping you earn a sustainable, tax-free income every month. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and an accumulator. A minimum of two of your selections must be successful to get a return.
A bet consisting of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. Only one selection must win for a guaranteed return. A selection that changes in price significantly either way, by increasing in odds drifting or decreasing in odds steaming.
A technique employed by many by using fixed odds on the exchange market. The technique covers multiple outcomes either through in-play betting or by finding differences in bookmaker odds. A bet that consists of multiple horses. This is a broad term that could refer to a simple accumulator or more complex bets like a Lucky A price that is shorter than evens.
Betting odds where the stake is higher than the potential winnings if the bet is successful. Turn of phrase used to describe a narrow winning margin, often photo-finish winner. May or may not have actually won by a nose. A bet consisting of 7 bets involving 3 selections. Including a single on each selection, plus 3 doubles and 1 treble. Just one successful selection guarantees a return.
Backing a horse to finish in the places. The number of places depend on the number of runners, with two places available for a five to seven runner race, three places for eight to 15 runners, and four places for handicaps with 16 runners or more. Extra place terms are often offered by bookmakers. A series of three or more selections in 2-fold accumulators.
A round robin means 3 selections in different races, in 3 doubles, 1 treble and 6 single stakes about bets. One of the most commonly invoked betting rules, dealing with deductions from winning bets in the event of any withdrawn runner s from a race. The rule applies to winning bets struck at prices e. The rate of deductions is in proportion to the odds of the non-runner s at the time of the withdrawal.
Starting Price. The starting prices are the final odds prevailing at the time the race starts and are used to determine the payout to winning punters, unless a punter took a specified price at the time of placing the bet. Similar to the handicap betting system. If you back a team to cover the spread, so a team will lose bu no more than 5 points, or win by more than 6 points. A type of bet frequently placed at a racecourse. You can back horses to win or place, and a dividend is paid out afterwards to winning bets as the bets all go into a pool.
The tote also runs other bets such as the placepot and jackpots. A bet consisting of 4 bets involving 3 selections. The bet includes 3 doubles and a treble. A minimum of two selections must be successful to get a return. A bet consisting of 11 bets involving 4 selections in different events. The bet includes 4 doubles, 4 trebles and an accumulator. Guide to Betting. Betting Term. A bet involving more than one selection with the winnings from each selection going on to the next selection.
A bet on a race well in advance of the day of the race. A bet on a horse to win or each-way. The opposite of lay, and the more traditional bet type. A supposedly certain bet. Best Odds Guaranteed. Betting exchange. A betting website whereby you are betting against other people, rather than against the bookmaker. Cash out. Taking a payout offered by your bookmaker before the completion of a bet. Co favourite. A horse who leads the market with one or more horses. Term often associated with Tote pools.
A horse who finds its price getting bigger prior to the race beginning. Duel forecast. A reverse forecast or dual forecast is a bet where the aim is to predict the winner and runner-up in either order. Backing two or more horses in a race, increasing your chances of finding a winner but essentially at shorter odds.