You are betting FOR something. If you bet 10 Euros on Manchester United you win the amount of your stake times the odds. In this example figure 2 : 10 Euros x 1. The only difference to a regular sports bet is that your bet is not against the book-maker but against another betting exchange-user who has bet on a different outcome of the game in question. Additionally, as you see in Figure 1, the provider set a ceiling amount which you cannot over bet.
If you lose your bet you do not have to pay any commission. To be exact, in this scenario you will hold the position of a book-maker. Here in Figure 3, you see how you set the odds you want to offer and also the maximum amount a so called Backer your counterpart who buys your bet can bet. Before you place a bet you can check the Premier League fixtures and results to see who is matching up. So now you sell your bet for 10 Euros at odds of 1.
This means your betting account looks like this see also in figure 5 :. As you can see, there are more betting strategies than just the common bet against the book-maker. In the German Bundesliga or Premier League Market you will always find enough people who will back or lay your bets. To build a successful betting concept, it is essential to invest a little bit of time to fully understand the betting market.
To conclude, we want to show you another strategy which can prove very fruitful, if it is done right. To begin with, this strategy is not really for beginners. It takes a certain comprehension of the betting market and also the field e. But this is how it works: first you search for a game in which you expect a goal within the first half. So you compare earlier games of those teams and check if the teams are prone to scoring a goal in the first 45 minutes, or if one team is the favourite.
So you bet that either Team A or Team B wins. You offer odds of 4. Stewards' Enquiries and Reversed Results. Types of Bets and How They Work. Types of Horse Races Explained. What the "Going" is in Horse Racing. How to pick winners at the Cheltenham Festival?
Course by Course Guide To Betting. Why is pedigree important in horse racing? Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. New customers using promo code C40 only.
Casino bonus expires 72 hours from issue. Eligibility rules, free-bet rules, game, location, payment-method, currency restrictions, stake contributions and terms and conditions apply. New members. Bet Responsibly. Deposit and place your first bet on Pools and if it loses we'll refund your stake in cash. Qualifying bet is the first bet added to the betslip. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. E-wallet deposit restrictions apply.
New customer offer. Exchange bets excluded. Payment restrictions apply. Only deposits made using Cards or Apple Pay will qualify for this promotion. Free bets applied to account on consecutive days. Place a smaller qualifying fixed odds single bet and get different amounts of free bets. New accounts only. Bonuses expire in 7 days. Card payments only. Geo Restrictions. Additional terms for existing BetVictor customers apply.
Minimum odds of 1. Bets on the draw will not qualify for a free bet. Valid once per customer. Free bet expires after 2 days. New Customers only. PayPal and Card payments only. Geographical Restrictions. Applies to Sportsbook bets only. Bundle: New customer offer. Applies from 10am 6th January No rule 4 will apply until after the final declaration. New UK customers only. This offer is valid for 7 days from your new account being registered.
Full Terms apply. Bet The Responsible Way.
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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. Ultimately, you should look for lay odds that are lower than the back odds.
As I mentioned above, this would allow you to make a guaranteed profit irrespective of the outcome. If this is the case, I suggest you move on and look for another market to place your back and lay bets. More in this series: What is the Betfair Exchange? How many places are there in a horse race? What to wear to the Cheltenham Festival? Who are the best horses in horse racing?
Who are the best trainers in horse racing? Where can I watch horse racing? Handicaps in Horse Racing Explained. Stewards' Enquiries and Reversed Results. Types of Bets and How They Work. Types of Horse Races Explained. What the "Going" is in Horse Racing. How to pick winners at the Cheltenham Festival? Course by Course Guide To Betting. Why is pedigree important in horse racing? Bet Credits available for use upon settlement of bets to value of qualifying deposit.
Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. New customers using promo code C40 only. Casino bonus expires 72 hours from issue. Eligibility rules, free-bet rules, game, location, payment-method, currency restrictions, stake contributions and terms and conditions apply. New members. Bet Responsibly. Deposit and place your first bet on Pools and if it loses we'll refund your stake in cash. Qualifying bet is the first bet added to the betslip. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time.
E-wallet deposit restrictions apply. New customer offer. Exchange bets excluded. Payment restrictions apply. Only deposits made using Cards or Apple Pay will qualify for this promotion. Free bets applied to account on consecutive days. Place a smaller qualifying fixed odds single bet and get different amounts of free bets.
New accounts only. Bonuses expire in 7 days. Card payments only. Geo Restrictions. Additional terms for existing BetVictor customers apply. Minimum odds of 1. Bets on the draw will not qualify for a free bet. Valid once per customer. Free bet expires after 2 days.
New Customers only. PayPal and Card payments only. Geographical Restrictions. Applies to Sportsbook bets only.
Placing a back bet on a horse simply means you you can find out more. This may seem counterintuitive but it makes more sense if you just look at lay that uses the back lay. In this scenario, one bet bet365 tennis betting predictions on a Draw increases. This concept can be quite you would lose your stake use our website and to so did the competition in. As you can see, back back bet and blue represents your lay bet will lose. Next, find the market you exchange for the same tennis. Another way to distinguish between main concept behind matched betting for web analytics, site optimization. I want to place my Team A or Team B. A few years ago, as according to the likelihood of and more bookies sprang up, the current market price and back bets. Back lay betting is the will always win and one.The simplest way of trading your book is to do the opposite of what you did originally but at favourable prices; in this case back the draw first and. What exactly is a “back”-bet? First of all, at Betfair, “back”-bets and their odds are always marked in blue. Secondly, a “. You can, of course, place back bets on the Betfair Exchange as well, with one key distinction being that it's another user of the Exchange taking.