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Back lay betting explained variance

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Unsurprisingly, the favourites were the traditional powerhouses of European football - Germany, France and Spain. Further down the list, however, there were opportunities to back up and coming teams at high prices. Iceland were one of the major surprises during qualifying, finishing in second place in Group A.

As they recorded a string of stunning results during - including wins home and away against the Netherlands - their odds to win Euro started to steadily drop. Iceland drew Portugal, Hungary and Austria in Group F of the Euro finals, with the top two from the group going through to the next round, as well as the best third-placed team. It was a test for them, but their fantastic success in qualifying showed how capable they had become at international level in recent years.

Greece's historic success at Euro proved that smaller countries can thrive at the European Championships and, even with the new reorganisation to a 24 team event, Iceland had a chance. Once Iceland qualified from Group F, their odds dropped substantially, meaning it was then possible to place a lay bet to lock in a good amount of guaranteed profit. After their win against England, their odds came down even further. I can grasp the initial scenario. I can also see the lay bet at 2.

That is, lose 40p, or break even. Subtracting commission on the winning bet would mean that there would result in a definite cash loss. But, the Iceland scenario seems to me unfinished. What value should the lay liability be? Half an hour playing about with the numbers will give you a great idea of exactly how it all works. This site uses Akismet to reduce spam. Learn how your comment data is processed. Low Risk Lay Bets. Lay Betting Strategy.

What does Back and Lay Mean? You can see the back and lay odds below:. Lay Bet Liability. Lay Bet Calculator. Our free hedging calculator works out your back or lay stakes quickly. For example, if you are trading lay the draw and a goal is scored, our hedging calculator will tell you exactly how much to back the draw for so that you end up with equalised profit and the sought after Betfair 'green screen'. Read More. Here is our handy guide to the different types of football bets. We explain them one by one so that you can start using each bet with confidence.

Lay the Draw Trading. Lay the draw trading also known as LTD is still one of the most popular ways to trade football on Betfair. Here's everything you need to know to get started today, including betting vs trading, lay the draw exit strategies, insurance, Metaltone and more.

List of Betting Exchanges. Betfair takes the crown when it comes to betting exchanges, but the Smarkets Betting Exchange has been a brilliant alternative since launching in February The Betfair sportsbook and exchange is essential for matched bettors and professional football traders alike. Discover what makes it the best betting exchange. Betfair still leads the way, but the Matchbook betting exchange offers a quality service with just 1. Can Ladbrokes finish the job?

Read More about Football Trading. Is it really possible to make a guaranteed profit from football betting? Here is everything you need to know about football betting systems that work, right the way through from matched betting to Betfair football trading.

We explain what 'draw no bet' means, what 'win draw win' bets are, how 'double chance' works in betting and more. There are plenty of screenshots too! We explain back and lay betting very simply and with plenty of screenshots. This is how football traders back and lay on Betfair in order to make a profit.

Football accumulators are hugely popular, but how do they work? 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.

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This may seem counterintuitive but it makes more sense if you just look at lay bets as the reverse of back bets. Back bet : Leicester City will win the Premier League this season. As you can see, back and lay bets are the direct opposite of each other.

If Horse A wins, your back bet will win and your lay bet will lose. Whatever betting market you look at, the odds are generally not the same between different bookmakers. This is especially the case when it comes to back and lay odds. 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.

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. The next step is to wait for the game to start and a goal to be scored. If a team scores, the odds on a Draw increases to e. Now you place 6. Team A wins: 10 — 6. As you can see you will not make a substantial amount with every bet, but if you use this strategy more often, you can of course yield some good profits.

The only case in which you would lose your stake of 35 Euros, is if the game ends with a draw. But firstly, we minimise that risk by doing a profound research before the game s and secondly, statistically speaking, only 6 out of football games draw If we caught your attention with this topic, we recommend you read our article about hedging in sportsbetting.

Back to all Livetipsportal betting strategies. Drayton Hammes. Double chance betting strategy Surebet betting strategy. Visit betting exchange Betfair. Try out laying the draw at Betfair. Share it! Partners Contact Privacy Policy Imprint. We use cookies and similar technologies to understand how you use our website and to improve your experience. We automatically process data, which might include your IP address, for web analytics, site optimization, statistical, marketing and security reasons.

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