What is a lay bet? Lay betting is an option on a betting exchange which allows gamblers to play the role of a traditional bookmaker. You set the odds of the bet, and you potentially win the backer’s stake if the selection loses. If the selection wins, you lose the backers stake multiplied by the price of the selection (minus the stake amount). What is “lay”-betting? This is a bet where you don’t bet on a specific outcome of a game but you bet AGAINST it. To be exact, in this scenario you will hold the position of a book-maker. If you’re not happy with the odds offered, you can propose a bet to other users, and you decide at what odds you want to do so. lay the odds in English translation and definition "lay the odds", Dictionary English-English online. lay the odds. Example sentences with "lay the odds", translation memory. ... I mean, if you was laying odds on the last person standing after an atomic war, I'd have bet on her. opensubtitles2. Lay odds definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Look it up now! Lay odds – the odds which you are prepared to give someone wanting to place a Back bet. Backer’s Stake – the amount you are prepared to let the backer bet with you. This is your potential winnings. Liability – (Lay Odds) x (Backer’s Stake) – (Backer’s Stake). This is the amount you are risking. However, when you lay a bet, things work the opposite way round. If you lay £10 on a bet, you’re actually aiming to WIN £10. The amount you could lose – your liability – is £10 multiplied by the lay odds. You then add your £10 stake back on. In simpler terms: The odds to LAY Messi as first goalscorer is 4.0, so your liability is £30. You can see the back odds are 3.25 in the first screenshot and the lay odds are 3.35 in the second screenshot.. A discrepancy like this is quite typical and is sometimes bigger than this. In such scenarios, it’s possible to use back to lay arbitrage to make a guaranteed profit irrespective of the outcome.. Speaking of making a guaranteed profit, many punters use a betting strategy called ... lay ( or give) odds. 1 offer a bet with odds favourable to the other person betting. 2 be very sure about something. The opposite of lay odds in sense 1 is take odds which means ‘offer a bet with odds unfavourable to the other person betting’. See also: lay, odds. Farlex Partner Idioms Dictionary © Farlex 2017. A little like hedging, lay betting can be used to reduce risk and, in some cases, guarantee a profit. A shift in circumstances and odds can present opportunity to lay a selection you have backed or vice versa. For example, you back a football match to be a draw at odds of 3.8 with a stake of £100 – the potential profit is £280.
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