Back & Lay Hedging Calculator
What is back in betting?
In betting, 'back' refers to placing a wager on an outcome you believe will happen, such as betting that a particular team or player will win.
What is lay in betting?
In lay betting, you are betting against a specific outcome. You are essentially offering odds to other punters by betting that an event will not happen, such as betting a team will not win.
How does back and lay betting work?
Back betting involves placing a wager on an event you expect to happen, while lay betting is placing a wager against it. In lay betting, you take on the role of the bookmaker, and you win if the back bet loses.
What is the difference between back and lay in betting?
The difference is that in back betting, you predict and bet on an outcome happening, whereas in lay betting, you bet against the outcome occurring. In essence, back betting is wagering for, and lay betting is wagering against.
How to back and lay on Betfair?
After logging in Betfair, select a market and choose whether you want to back or lay. For back bets, select 'Back' next to your chosen selection. For lay bets, click 'Lay' and set your odds. Once your bet is placed, you’ll either win or lose depending on the outcome of the market.