What is a lay bet? Lay betting is an option on a betting exchange which allows gamblers to play the role of a traditional bookmaker. You set the odds of the bet, and you potentially win the backer’s stake if the selection loses. If the selection wins, you lose the backers stake multiplied by the price of the selection (minus the stake amount). Define laying odds. laying odds synonyms, laying odds pronunciation, laying odds translation, English dictionary definition of laying odds. pl.n. 1. A certain number of points given beforehand to a weaker side in a contest to equalize the chances of all participants. Lay-odds. definitions. (0) To offer a bet in which one stands more to lose than the opponent; or a bet in some other way favourable to the opponent. verb. 0. 0. To feel certain about something. lay ( or give) odds. 1 offer a bet with odds favourable to the other person betting. 2 be very sure about something. The opposite of lay odds in sense 1 is take odds which means ‘offer a bet with odds unfavourable to the other person betting’. See also: lay, odds. Farlex Partner Idioms Dictionary © Farlex 2017. Define lay odds. lay odds synonyms, lay odds pronunciation, lay odds translation, English dictionary definition of lay odds. pl.n. 1. A certain number of points given beforehand to a weaker side in a contest to equalize the chances of all participants. 2. a. The ratio of the... You can see the back odds are 3.25 in the first screenshot and the lay odds are 3.35 in the second screenshot.. A discrepancy like this is quite typical and is sometimes bigger than this. In such scenarios, it’s possible to use back to lay arbitrage to make a guaranteed profit irrespective of the outcome.. Speaking of making a guaranteed profit, many punters use a betting strategy called ... However, when you lay a bet, things work the opposite way round. If you lay £10 on a bet, you’re actually aiming to WIN £10. The amount you could lose – your liability – is £10 multiplied by the lay odds. You then add your £10 stake back on. In simpler terms: The odds to LAY Messi as first goalscorer is 4.0, so your liability is £30. 1.1. Be very sure about something. ‘I'd lay odds that the person responsible is an insider’. More example sentences. ‘I would lay odds that it will begin in the next 48 hours.’. ‘One phrase we'll lay odds on you will hear tonight is flip-flop.’. What is “lay”-betting? This is a bet where you don’t bet on a specific outcome of a game but you bet AGAINST it. To be exact, in this scenario you will hold the position of a book-maker. If you’re not happy with the odds offered, you can propose a bet to other users, and you decide at what odds you want to do so. Lay Betting is completely unique to Betfair. It let's you bet on an outcome to NOT happen. Discover how to make it work for you, only with Betfair. One popular way of lay betting is to try out match betting. It lets you arb against bookmaker promos.
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