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Posted By Topic: What is Betfair Back and Lay?       - Views: 2300
fireblade 		01-Sep 2008 Monday 12:51 PM (5718 days ago)               #1
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  		Anyone can teach? Smile



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fireblade 		01-Sep 2008 Monday 12:58 PM (5718 days ago)            #2
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  		What does Back and Lay means? Smile



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ligshng 		02-Sep 2008 Tuesday 11:32 PM (5717 days ago)            #3
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  		Hi,

Pretty simple, backing a selection means you bet it to win, if selection wins, you win.

Laying a selection means you bet it not to win, if selection loses, you win.

Maybe you wanna check out http://www.asianbookie.com/p2pbetting.cfm

Cheers!

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fireblade 		03-Sep 2008 Wednesday 11:37 AM (5716 days ago)            #4
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  		quote originally posted by ligshng:
Hi,

Pretty simple, backing a selection means you bet it to win, if selection wins, you win.

Laying a selection means you bet it not to win, if selection loses, you win.

Maybe you wanna check out http://www.asianbookie.com/p2pbetting.cfm

Cheers!


Thanks alot bro
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goalball 		05-Sep 2008 Friday 7:14 PM (5714 days ago)            #5
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  		Your simple explanation is better than Berfair's help/faq. Thanks.



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ligshng 		06-Sep 2008 Saturday 2:48 AM (5714 days ago)            #6
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  		I was confuse with the liability at the beginning with their help. Just have to figure it yourself.

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adw 		02-Nov 2008 Sunday 8:27 PM (5656 days ago)            #7
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  		quote originally posted by ligshng:
I was confuse with the liability at the beginning with their help. Just have to figure it yourself.


hi

honestly, i prefer betting on "lay"

for eg, you are betting on 1X2 market, Man U vs Chelsea.
Draw for lay is 4.00

To my understanding, how the liability works, is Say i go for lay on the draw, at odds 4.00, and my skate is $10.

Meaning if Man U or Chelsea win, I will win $10.
But if the match ends in a draw, I will lose $30. Why?($10 X 4.00)-$10.

of course, the catch is, your account will be deducted off $30 1st.

and if you win the bet, you will get back $40. (the deducted $30 + your win of the $10.)

any1 who feels i have a wrong interpretation on the lay and liability, pls highlight, afterall, forum is about sharing!

thanks!

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peleust 		16-Dec 2013 Monday 1:58 AM (3787 days ago)            #8
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  		I would also be interested if someone can please post a video tutorial here too if possible.

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