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Lay Bet
sports bettingA lay bet is a wager that a particular outcome will not happen. This is the opposite of a traditional back bet, where you bet on an outcome to occur. Lay betting is a key feature of betting exchanges.
Key Takeaways
- 1A lay bet is a wager that a particular outcome will not happen. This is the opposite of a traditiona
Lay Bet
A lay bet is a wager that a particular outcome will not happen. This is the opposite of a traditional back bet, where you bet on an outcome to occur. Lay betting is a key feature of betting exchanges.
Example
On the betting exchange, he placed a lay bet on the favorite to win the horse race, effectively becoming the bookmaker for that bet.