Lay betting is when you bet against an outcome happening. For example, if you lay a team to win a match, you are betting that they will not win.. In the case of a lay bet though, a punter bets on a player/team NOT to win an event. You are effectively acting as the bookmaker by taking back bets from other ....

In simple terms, this is a type of betting where you bet on an event happening (back) or not happening (lay). For example, you're betting on a football match.. With lay betting, you bet on a team not to win instead of backing them to win. Lay bets can only be placed at an online betting exchange, like Betfair.

This .... Once you place a bet on those events, it's called back bet – you have backed those events to happen. ...

Lay Stake * Lay Odds = Back Stake * Back Odds. In above ....