Through lay betting many punters have found the secret to betting profitably. lay betting is now supported by punters from all round the world and it is possible to bet using the money raised from lay bets that any punter can lay any bet at any time. However the manner in which lay betting works is still highly unique to the punters involved.
When a lay bet is placed by a punter any betting exchange will be entered into an auction. During the course of the auction any losing bets will be removed from the market, however if your selection ends up losing the race then you would normally have to pay the commission on your losing lay bet to the exchange. The main aim of the betting exchanges is to reduce the price by means of placing more and more lay bets. The benefit to the betting exchange is that should you win the bet that you would have to pay commission. However should you lose your bet the prices built into the software allow the exchange to reduces the losing bets
Betting Exchange brokers allow their clients the chance to place bets whilst the bets are being exchanged. This is a highly advantageous feature, as it allows customers Betfair to reduce the number of prices whilst there are still bargains to be had. By means of thrifty betting, the possibility of earning high returns can be achieved. By means of reduced competition the betting exchange allows its customers to obtain a much higher price. By means of a wheeling system the ability to place a number of identical, competing bets reducing the odds on losing bets, the betting exchange has no equivalent.
Many professional bettors are aware of the benefits of using betting exchange and they will certainly be aware of the existence of lay betting, but the actual mechanism of how betting exchanges reduce the odds of losing a bet and permitting a high price to be paid for a losing bet has not been discussed. It is this feature alone that allows betting exchanges to offer betting services to the punter and the concept of lay betting.
The idea of lay betting is to lay a bet containing the selection to lose. The horses price is initially fixed at a higher price, this is normally the weight of the money in the markets, and the weight of the money in the markets at that time do not reflect the real varying slave prices. When a backer places a bet consisting of all the home team to lose at odds 1.9, he is placing a bet that all the home team will lose, this is also referred to as the first lay.
If a backer were to lay all the home teams to lose at 1.9, he will be assured that if the home teams loses he will be paid out 1.9 times his stake including the stake he put in. However if the home team wins, the pokerboya will be paid out only times his stake. In the event of a draw, the stake will be returned to the backer.
By means of developing a strategy where the odds are against you, the betting exchanges offer a number of ways in which this can be accomplished.