A Quick Intro to Laying and Exchanges

Hello, punters! We’re back to continue getting you up to speed so you don’t look like you have no idea what’s going on in the greater sports betting world. It’s all about knowing the terms that everyone else is flinging around. The more that you can work on this, the more money that you’re going to make. The worst thing that you can do is be very uninformed about what’s going on. The terms matter, people. They just do.

Anyway, moving on to what we really want to talk about today — laying and exchanges. You might wonder what these terms actually mean. Thankfully, today’s lesson is pretty straightforward.

Indeed, an exchange is just a betting website where punters bet against each other. You’ll be able to assume the position of the sportsbook and offer odds on things not to happen as well as betting in the normal way (the odds of something happening).

Well, the way bets are placed is a lot different from the traditional bookmakers. You’re going to be able to request your own odds on the markets as well as placing your bet at other offered odds as soon as possible.

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It’s also important to realize that the closer you request your odds to the current trading price the more likely it is that your bet will be matched. If your bet is not matched before the beginning of the event the bet will be void and your stake will be returned to you.

An example is necessary to understand how all of this works.

Let’s say that you’re chilling at home and you see on the exchange that the odds on Arsenal to beat Man U are 3.5 to back and 3.7 to lay.

Now, you have some options. You could bet at 3.5 immediately, or you could offer to bet at 3.6, 3.7, or 3.8 and hope that someone matches your bet.

Well, if you make your odds too high, your bet won’t be matched. But if you can find the sweet spot in the market, your bet will be matched.

We can use this same type of example to explain laying, which is the act of betting on an outcome not to happen. This is essentially what your sportsbook is trying to do in order to achieve profits of their own. [Read more…]

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