In simple terms, it means that you back a bet when you feel that the market is undervaluing a team or chances of a player. Conversely, it also means that you lay when you feel the market is. We would lay to win $400. I don’t know if The Almighty was telling us that we were better miners than bookmakers but the rot started. There were selections that fitted the criteria which honestly I would have backed if I was at the track. But our system was our system and it had to be obeyed.

Use the Lay Bet Calculator here

• Bet Stake ($)
• Back Odds ($)
• Back Commission
  %
• Lay Odds ($)
• Lay Commission
  %

UNDER LAY

At odds of - you should lay -

Overall Position if Win -

Overall Position if Lose -

STANDARD MATCH

At odds of - you should lay -

Overall Position if Win -

Overall Position if Lose -

OVER LAY

At odds of - you should lay -

Overall Position if Win -

Overall Position if Lose -

What is a Lay Bet?

A lay bet is a process where, in making 2 separate transactions, a bettor can minimise risk and potentially maximise profit off an original bet. This technique can be used for a variety of reasons, including minimising risk when odds change, or to place qualifying bets with sportsbook in order to receive promotions in the future. All you need in order to use this system is a sportsbook to take your bet and a betting exchange to lay your bet off.

How does the Laybet calculator work?

Select the qualifying bet or free bet button and then enter your bet amount and odds. To maximise your outcome try to bet on events which have the closest odds at the bookie and exchange, for example betting Arsenal to win a match at 2.15 and laying the same outcome at 2.16 would guarantee only a very small overall loss. Laying the same outcome at 2.09 or lower would guarantee a small profit. When using an exchange you will usually be charged commission on any winnings, so enter that % charge too. If you have already placed a lay bet which covers part of the bet liability, enter the details in the part lay section. After hitting the calculate button you will see 3 sets of numbers. The standard match section will show you how much to lay at the exchange to ensure you come out with the same profit or loss regardless of the outcome of the event. That profit or loss is also calculated and shown as your 'overall position'.

READ THIS - IT'S IMPORTANT: Disclaimer:

This guide /report is for information only. In no way we are advising you to act on the guide /report or to bet on live markets. Please seek proper advice if you are unsure what to do.

Unmatched bets, prices out of range and other factors may influence your results compared to ours so we can in no way guarantee that you will achieve similar results. In fact your results could be worse.

Please see Betfair’s information on how they match bets.

Back Lay Betting System

Matched bets can be influenced by timing, stake amounts and other factors.

Online or off line betting is not appropriate for everyone.

There is a substantial risk of loss associated with betting. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information on this guide /report/article will generate profits or ensure freedom from losses. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular betting program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.

In addition, hypothetical betting does not involve financial risk, and no hypothetical betting record can completely account for the impact of financial risk in actual betting. For example, the ability to withstand losses or to adhere to a particular betting program in spite of betting losses are material points which can also adversely affect betting results. There are numerous other factors related to the markets in general or to the implementation of any specific betting program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual betting results.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL BETTING.

ALSO, SINCE THE BETS HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED BETTING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.

Back Vs Lay Betting

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.