Traditional betting deals with wagering on which contestant will win the game. The punter makes his bet at the bookmaker’s odds and if he wins he receives his original stake plus what ever the odds were. This really is better known as “back betting” because the bettor is “backing” one team over another.

Lay betting, however, is a relatively new concept by which the punter bets against a team winning the match. This really is generally done through betting exchanges as well as the person making the lay bet essentially becomes their very own bookmaker, setting their own odds.

Virtually all lay bets are even money bets. What this means is if punter wins he stands to win twice around his original wager, or his original wager times two. Conversely, if he loses the bet, he must pay the backer the original wager plus the odds. It means that more often than not his potential winnings are less than his potential liability.

By way of example, if Person A wants lay bet Ł10 against XYZ team, he could make the offer on a betting exchange. Person B is sure that XYZ will win, so he matches the bet; matching Person A’s Ł10 wager. As part of the lay bet, Person A set XYZ’s odds of winning the game at 5. So Person A, the one making the lay bet, must put up not simply his Ł10 wager, but in addition his potential liability (the main difference between his original bet as well as the odds). In the instance the surety is yet another Ł40 (odds of 5 x Ł10 = Ł50 – the original bet of Ł10 = Ł40). If XYZ loses, Person A gets his original Ł10 back, his surety of Ł40, plus Person B’s Ł10. If XYZ wins although, then Person B not simply gets his original Ł10 back, but he also wins the odds, or perhaps the surety put up by Person A, the Ł40.

The main question lots of people ask is: in the event the potential winnings often be less than the potential losses, why would anyone do this? The primary reason is because it allows the lay bettor to set his own odds. Of-course the odds set through the lay bettor have to be reasonable as a way to attract a back bettor to match the bet. Further, since all the exchanges require a lay bettor to deposit both his own wager plus the entire amount of the potential liability ahead of the bet will be offered there isn’t any possibility of betting beyond his immediate means.

The ability to set the odds is by far the primary draw of lay betting, so if someone has a system of calculating the odds efficiently, that person can essentially benefit from the exact same system that basic bookmakers do. Further, since soccer teams always have hardcore fans that always bet for their very own team, as long as lay bettor casino online calculates his odds properly and reasonably, there is a great chance of finding a back bettor that is betting more with his heart than with his head. If punter knows how exactly to use lay betting, it can be an incredibly profitable undertaking.