Whats the difference?
Cheers.
Cheers.
Betting back or lay`
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[quote author=SummerOnions link=topic=46221.msg1369512#msg1369512 date=1311539757]
Whats the difference?
Cheers.
[/quote]
If Liverpool are playing Man United and the odds are 3.0 (i.e. 2/1) for LFC win, 3.0 Draw and 3.0 for United to win; then if you fancy LFC you can back them at 3.0 and win £2 profit for every £1 you bet but if you're not totally confident about LFC winning but you're quite sure they won't lose you can lay United at 3.0 and win £1 profit for every £2 you bet. The latter bet means you obviously win if LFC win or it's a draw.
Whats the difference?
Cheers.
[/quote]
If Liverpool are playing Man United and the odds are 3.0 (i.e. 2/1) for LFC win, 3.0 Draw and 3.0 for United to win; then if you fancy LFC you can back them at 3.0 and win £2 profit for every £1 you bet but if you're not totally confident about LFC winning but you're quite sure they won't lose you can lay United at 3.0 and win £1 profit for every £2 you bet. The latter bet means you obviously win if LFC win or it's a draw.
Back you are the punter
Lay you are the bookmaker
Lay you are the bookmaker
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