The back to lay arbitrage betting strategy is now the most common method of sports betting arbitrage and consists of two bets between a bookmaker and a betting exchange. This strategy allows bettors to back with a bookmaker and then lay the same outcome on a betting exchange for a profit.
How do you calculate return on a lay bet?
It is important to know your return on investment (ROI), but when it comes to lay bets you must make sure that you calculate it properly. When calculating ROI you usually add to together all your bets and divide the amount of profit you have made by the amount you have bet.
Can you cash out a lay bet?
Lay Betting Requires Cash
It can be substantially more than you stand to win depending on the odds. This is not the case if you have already backed the bet on the same exchange though. In this case they will adjust the overall return from both bets depending on the amount that you are set to win from each result.
What happens if a lay bet is not matched?
Until your bet offer is matched by someone else, you do not yet have a bet. If nobody matches your bet before the market closes or is turned In-Play, then your bet will ‘lapse’ and you will get your money back. IMPORTANT: Your bet could be matched a split-second after the unmatched bet slip has been shown as above.
What is the point of laying a bet?
To lay a bet is to back something not to happen.
For example, to lay Manchester United to win their match is to back them NOT to win. If you were to lay them, you would win your bet if they either lost or drew their match.
How much does a lay bet pay?
LAY BETS PAYOFFS AND COMMISSION
Payoffs are commensurate with true odds. If you bet $6 on 6 or 8, a winner will bring you $5. If you bet $3 on 5 or 9, a winner will bring you $2, and if you bet $2 on 4 or 10, a winner will bring you $1.
Do you get your stake back on a lay bet?
Others will lay first, then look to back the same selection later in-play – that’s called Trading. Laying need not be scary – you are in full control of how much you wish to risk and how much you could win. In a lay bet, you always stand to win the stake of the opposing bet (e.g. £10 (€10) in the examples above).
How do you calculate odds of winning?
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.