To lay a bet is simply a bookmaker who takes the place of the ie to take the place of the book.
Say that Man Utd are playing a football match in Aston Villa. The odds for Man Utd to win (when expressed as decimal odds) are 2.25 (or 5/4 as fractional). The Odds for Aston Villa are win 4 (or 3/1). The draws for odds are 3 (or 2/1).
If you were to lay down Aston Villa to win, and you were willing to do this with an amount of £ 10, you are basically offering £ 10 for someone to bet on Aston Villa. You are the Bookie of the Place, and a Punter to the Place of a Bet.
When you lay a bet, you are betting against that event – so in this example, you are betting against the Aston Villa winning the match. If you lose or draw Aston Villa, then you are successful. Only if they win, you have lost your money judi online.
You can lay any bets at an online exchange, the most popular ones being Betfair and Mansion. We will discuss these in more detail later in the article.
Say Aston Villa win, you have to pay out £ 40. (The £ 10 lay and then the £ 30 winnings – £ 10 lay x odds of 4 = £ 40).
However if Aston Villa don’t win – they lose or draw, then you get the £ 10 lay, which was the punters money.
Say that Arsenal are playing a football match in Tottenham Hotspur. The odds for Arsenal to win (expressed as decimal odds) are 3 (or 2/1). The Odds for Tottenham Hotspur to Win are 4 (or 3/1). The draws for odds are 2.25 (or 5/4).
If you think there is going to be a bit of an upset, and you think Arsenal won’t win, you can lay them down. Say you lay them with £ 40, at odds of 3. This means that Arsenal do not win, ie they lose or draw, then you’ve got £ 40.
If Arsenal do win, then you’ve got to pay for the bet – £ 120. (The £ 40 lay and then the £ 80 winnings – £ 40 lay x odds of 3 = £ 120).
Earning money from this:
Another form of gambling that you may be thinking about, and to be honest, but there is a way of using it to guarantee a profit with a little help from online bookies.
Often when you use an online bookmaker, they will offer you some form of sign up bonus – for example, when you sign up and place a £ 30 bet, they will give you a free £ 30 bet.
The free bet or bonus enables a profit to be made from bet laying / matching.
When you match a bet, you are basically covering both sides of the bet.
Imagine you were to lay a bet, as mentioned earlier in this article. Then you make exactly the same bet but this time you bet, by some odds at a certain amount, by bookmakers. If you win the bookies with your bet, you will get your winnings from that bet but you will also have to pay for your “pay out”. This is where the two outcomes cancel each other out, meaning you have lost nothing (but also gained nothing). However, if you were to use a free bet or bonus money, then either lay on the bet or make a profit.
When it comes to betting, it’s important to try and lay out the odds that are as important as the actual odds that are available to the bookmakers. This is a cheap loss when it comes to making bets. Also, if you are able to find the odds at the exchange that are lower then the bookmaker, you can guarantee a profit.
An example of a matched bet using your own money:
Chelsea winning Premiership of Say the Odds are 3, or 2/1. These are the bookmakers at the odds of winning them. Chelsea winning the Premiership odds at To Lay is the same, 3.
If you place £ 10 on Chelsea to win the Bookmakers at the Premiership, and then at £ 10 on the Exchange, both outcomes will have each other out.
If the Chelsea win the Premiership, then you get £ 30 from the Bookmakers (£ 20 profit, and the £ 10 bet is returned with the winnings.) With the Exchange at the Lay, you will have to pay out £ 30 (Their £ 10 stake and the £ 20 winnings from the bet). So you would have £ 20 profit at the Bookmakers, and £ 20 loss at the Exchange. This means you are back to square one, and they have not received or made a loss.
Just to confirm, had Chelsea not won the Premiership, then you would have lost your £ 10 bet at the Bookmakers, but you would have won the £ 10 Lay at the Exchange, again canceling each other out.
All of this is of course pretty pointless, unless you were using a free bet.
An example of a matched bet is using your own money and a free bet:
Things are as simple as we used to be.
Chelsea winning premiership of The Odds are 3, or 2/1. These are the bookmakers at the odds of winning them. Chelsea winning the Premiership odds at To Lay is the same, 3.
Bookmakers at Chelsea win the Premiership, and then lay out £ 10 (your own money) at The Exchange.