Back And Lay Betting Sites
If you’re interested in placing ‘lay bets’ as well as the more traditional ‘back bets’, then you will need to look for an online betting exchange rather than a traditional online bookmaker.
Online betting exchanges differ from traditional sites in that they allow punters to bet against one another and it is this which makes both types of bet possible.
When outliers overperform, back-to-lay betting opportunities present themselves. Leicester City’s 2015/2016 season is a prime example. Back-to-lay in-play. More complex back-to-lay strategies involve looking at a market and backing a selection with the intention of laying it in-play. Voted for by Lay Back & Get Rich readers, my Betting Oscars have now been running since 2012 – and are much sought after by product suppliers who want to earn your votes! That’s right, these coveted.
Best Betting Exchange: Betfair vs Betdaq
There are only two main exchanges worth considering, Betfair and Betdaq, and the major differences between these are explained below:
Back And Lay Betting Sites Near Me
| Feature | Betfair | Betdaq |
|---|---|---|
| Liquidity | As by far the largest betting exchange in the world, Betfair’s liquidity is second to none. Their high volume of punters ensures excellent liquidity for popular events and even smaller events still boast better liquidity than can be found elsewhere. | As the second largest exchange in the world, you might expect Betdaq’s liquidity to be almost as good as Betfair. That is unfortunately not the case, however, as Betdaq are still far smaller than their main rival and as such you may struggle to get your bets on when it comes to lesser events. |
| Range of markets | Users of the Betfair Exchange can choose between upwards of 25 major categories of market. These include almost every sport under the sun as well as other special events. Numerous competitions are covered for the biggest sports and even smaller events boast a large number of different types of market. | Users of the Betfair Exchange can choose between upwards of 25 major categories of market. These include almost every sport under the sun as well as other special events. Numerous competitions are covered for the biggest sports and even smaller events boast a large number of different types of market. |
| Live Streaming | Horse racing and some other sporting events (including football) can be streamed live through Betfair Live Video. The available sporting events are free to view for all customers with a funded account, whilst horse races can be watched if a customer has placed a minimum £5 matched bet on that race. | Horse racing and greyhound racing only, with races available to be watched by customers who have placed a bet of at least £0.50 on the races. |
| Promotions | My Betfair rewards program offering the chance to earn bonuses and free bets every month of up to £100 in value. | Promotions rarely offered – currently zero running. |
| Opening Bonus | £100 free bet bundleNew customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply. | Up To £1,000 Cash BackUp to £1,000 commission back at the end of the first 30 days as withdrawable funds. Standard 5% commission rate applies. Not available to API, RDT or Trading Tool customers. 18+. T&C's apply. |
What is an Online Betting Exchange?
Now that you know the main differences between the two biggest betting exchanges around, it is worth taking a moment to consider just what is meant by the term ‘betting exchange’. In essence, a betting exchange is a forum in which punters can bet against one another and therefore can place one of two different types of bet.
What Is Back Bet?
The first type of bet possible through a betting exchange is a ‘back bet’. This is essentially the same as a traditional bet, in that you are betting that something will happen. You might bet, for instance, that Manchester City will win the Premier League, that Lewis Hamilton will win the next F1 Grand Prix or that snow will fall in London on Christmas Day.
What Is A Lay Bet?
The second type of bet available through a betting exchange, meanwhile, is a ‘lay bet’ and this is something very different entirely. In fact, it is the opposite of a ‘back bet’ in that you are gambling on something not occurring. Such a bet, therefore, might be that Manchester City will not win the Premier League, that Lewis Hamilton will not win the Grand Prix or that snow will not fall. What a betting exchange essentially allows you to do, therefore, is to play the bookmaker to another punter’s ‘back bet’ and to win if their bet fails.
With a back-to-lay bet, also known as a D.O.B. (Double Or Bust) is where you would back a selection first at a certain price before the event, in our case a horse and lay it off after at a shorter price in-running to make a profit.
Why Would You Back-To-Lay
Finding winners is incredibly hard but predicting how horses will run can be more reliable and this is something you can profit from.
If you could back a horse at 10.0 for £10 and lay back at 5.0 for £20 you would be guaranteed to make £10 whether the horse won or lost – this is what’s sometimes referred to as Dobbing. You would only lose if your lay bet doesn’t get matched.
The key to this been a profitable approach is to identify horses that will trade short in-running when we would be looking to lay our bet back at shorter odds and for a bigger stake than the back bet we placed pre-race.
Front-runners will often trade low in races (the horse leading in the image above is a well known front-runner caled Safety Check, see the graph below of the price he trades at in running from a Betfair SP of 38.0 to 3.05 in-running) while some horses can travel extremely well in their races and challenge late on but not sustain what looks a race winning move. These are the types of horses we need to be able to identify to profit from.
One way to identify horses that we can profit from is to investigate their in-running trading histories which can be found on www.winningwarlock.com free-of-charge . If they have traded consistently low previously there’s a good chance they will do so again.
You also need to make sure the race it is running in is similar to the types of races it has performed well in the past, the distance, the ground, the class of race and is it race-fit? If it is a front-runner and there are other front-runners in the race this would be problematic as it may not lead or could go off too fast and race the other front-runner for the lead. You can check the horses form on www.racingpost.com for free.
Back And Lay Betting Sites Free
You have the option of either doing a straight DOB and doubling you investment or trying to lay back at a much shorter price. If the horse has traded at less than 20% of its starting price on many occasions and been beaten you could try it for a bigger profit. You could back your selection at 10.0 for £10 and lay back at 2.7 for £50 so if you bet was matched it would make you a £40 profit if it was beaten and £5 if it went on to win the race.