Sports trading is another way of gambling on sporting events. Compared to regular bookmakers, who are usually responsible for setting the betting odds, in this instance the gamblers themselves can define their own odds using two options. They may either choose to accept a wager offered by a punter, which is called a back bet or they may offer their own, called the lay bet, by assigning odds and waiting for another player to accept the offer. To put it simply, during a trading back and lay strategy, players are no longer wagering against bookmakers but against other online bettors.
Back and Lays, two important kinds of bets
There are two ways to use a betting exchange platform. The first option involves gamblers who want to make a traditional bet. It’s similar to the kind of bet offered by individual bookmakers. The traditional style of bet on a betting exchange site is called the “back” bet, it uses odd that work in the same way as they would in a standard offer. For example, if you bet 20 € on a tie game between Paris and Saint-Etienne where the odds are set at 2, then you will cash out 40 € in winnings if your prediction proves to be correct. If it does not and the opposite happens, then you would lose your bet.
The second option requires directly taking on the role of bookmaker, known as the “lay” technique. It allows you, in fact, to sell a bet at certain odds with a defined maximum bet. As an example, during a game between Brazil and Argentina, you may believe that Argentina will lose. So you bet 10 € at odds of 2.5. in the event that Argentina wins the match, then you must pay 15 € to the person who took your bet. On the other hand, under other circumstances, you would normally pocket your initial wager of 10 €. To put it simply, this method allows you to gamble with higher odds. However, it’s vital to remain vigilant because the greater the chances to win a bet, the more obvious is the risk in case of a defeat.
Wagering with the Back and Lay option, another way of winning
Exchange betting, which seems a bit difficult at first, is still the best way to win lot of money at online betting. The back and lay bets continue to be the most effective strategies for maximizing earnings from sports betting. This is the best strategy to adopt in order to ensure a profit, even in the event of a tie game.
The trading back and lay strategy allows you to take full advantage in any fluctuations in sports betting odds. In this respect, during live matches punters get the opportunity to assume the role of bookmaker. If it appears doubtful that Monaco will lose the next game then it would be possible to sell a bet on that team. With the lay strategy, punters can win every time.