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What is lay betting?

Lay betting is betting on a result to lose. It’s like saying for example “I bet you won’t get a bullseye” and if they don’t make the bullseye you win the bet. This type of betting is extremely popular on horse races as the favourite doesn’t always win.

What is a betting exchange

 betting exchange allows members to bet against each other rather than a bookmaker. Customers can offer odds to, or request odds from, fellow Betfair gamblers.

Where traditional bookmakers risk going head-to-head with gamblers on markets, a betting exchange takes on no risk at all. Instead, a betting exchange provides the platform for its customers to match bets against each other and takes a small commission on winnings.

Betting exchanges are becoming an increasingly integral part of the global gambling landscape, in many cases offering customers much better odds, more transparency, and an experience that feels intuitively fairer.

How to trade on Betfair

The Betfair Exchange may seem confusing at first glance but, once you begin to understand it, there are a huge number of benefits.

One of the best ways to make the most of the great value offered by the Exchange is to start trading.

You may not be sure what ‘trading’ is in a betting context, let alone which markets to begin trading on. But it’s not as complicated as you may think to start trading bets and making a healthy profit.

By the end of this guide you should have a clearer understanding on how trading works, where the opportunity is and what to do about it.

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