How To Lay A Bet On Betfair

If you’ve never used Betfair before, you’ve been missing out on a whole new way to bet. Betfair is a betting exchange, and it gives you the opportunity to do what is known as lay betting.

Initially, many find lay betting to be confusing , but it's actually quite straightforward. To make things easier, we've created this comprehensive guide on how to lay a bet on Betfair.

To start betting, a Betfair account is essential. If you haven't set one up yet, you can do it quickly and easily by clicking the button below. Registering takes just about two minutes, and you can grab the Betfair new customer offer which serves as a fantastic introduction to betting.

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Only new customers aged 21+. A minimum deposit of £10 is required. Your first bet must be placed at odds of evens (2.0) or above. Receive a matched Free bet of up to £30 plus 20 complimentary spins on Fishin’ Frenzy The Big Catch, credited within 24 hours. These offers expire after 7 days. T&Cs apply. Bet responsibly. #ad

Once your account is established and you're logged in, it's time to dive in...

How To Lay Horses on Betfair

This tutorial focuses on laying a bet on horses via Betfair , given that horse racing it's one of the favored arenas for lay bettors. That said, the principles apply to any sport you choose, be it football tennis or any other event. Follow these steps to succeed.

Choose Betfair Exchange

For lay betting, it's crucial to operate within Betfair Exchange, not the sportsbook. Laying bets is an exclusivity of the exchange.

Navigate to the exchange through the top menu on the Betfair website.

Choose The Horse You Want to Lay

Select the horse you wish to lay. By laying a bet , you're effectively betting against the horse's victory . In this example, let's consider the 14.00 at Leicester and suppose Tara Celeb won't win. To place your lay bet, click the pink box beside the horse. Its current lay odds are 4.2.

Choose The Stake

Now it's time to determine your bet amount. In our case, let's set it at £2, the minimum stake allowed on Betfair.

This is where lay betting diverges from traditional betting. By placing a lay bet, the stake becomes your potential profit , should your bet succeed. Your risk is the payout if the bet fails. Depending on the odds, this risk can differ from your stake. The potential loss is displayed on the bet slip.

Once satisfied, confirm by clicking Place Bets.

How Our Lay Bet Works

After placing your bet, the screen updates. The red or green number below each horse indicates the potential profit or loss if that horse wins.

Should the horse you laid, Tara Celeb, triumph, you'll face a loss of £6.40. Conversely, victory by any other horse will earn you £2 . With the bet now placed, this feature is visible atop your screen. It's optional, but handy if you choose to utilize it. betting sites that offer cash out How Do Backing and Laying Differ on Betfair?

Clearly, a lay bet contrasts starkly with a back bet. Betfair, being the premier betting exchange, allows lay betting on virtually any conceivable event, and this aspect makes it quite unique

In backing, success means you win . Your earnings are the stake multiplied by the odds. Conversely, a loss means forfeiting your stake. popular with punters .

• In laying, if your selection wins, you incur a loss. However, if it loses, you win the stake placed.
• Imagine lay betting as playing the role of the bookmaker. Payouts are mandatory if the horse or team prevails, but you win, keeping the backer's stake, if not. With diversified outcomes in your favor, lay bets offer a higher success possibility. Betfair treasures

because your winnings stem from fellow bettors, not from Betfair itself. After all, you seldom find an unsuccessful bookmaker.... never limit your account Keen to explore lay betting? Dive in with a new Betfair account and enjoy the welcome bonus...

We trust this guide has proved useful. Please consider sharing it with friends to extend its benefits. Best of luck with your lay betting!

Offer Details

Alternative

Betfair Alternative

Bookmaker Rating

https://www.fansbet-online.com/bookmakers/betfair-review/ ★★★★★

Visit Bookmaker

Only new customers aged 21+. A minimum deposit of £10 is required. Your first bet must be placed at odds of evens (2.0) or above. Receive a matched Free bet of up to £30 plus 20 complimentary spins on Fishin’ Frenzy The Big Catch, credited within 24 hours. These offers expire after 7 days. T&Cs apply. Bet responsibly. #ad

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