Why use a lay bet when a back bet in the opposing market does the same job?
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Hi there. Sorry Im feeling a bit dense today. Can somone explain why a lay bet is occasionally used when a back bet in the opposite market would do the same job?
As an example one of the set and forget football strategies is Tomasz' Lay the under 1.5 goals market? . Why is laying under 1.5 goals any different or better than backing the over 1.5 goals market? -
I've marked this as solved as there have been some good answers already.
Main reasons for me:
- Lay bets are much easier to record results. If the bet wins you always win the same amount (£10 stake would be £9.80 profit everytime). A loss is just the odds -1 (so lay at 3.5 would be 2.5) times your stake (£10 so 2.5 x 10 = £25 that is your loss).
- Go with whatever is odds on and use that side of the market, reason being most liquidity is on the odds on outcome usually.
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@chris-osborne ah yes
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@dr-steve-buckwell said in Why use a lay bet when a back bet in the opposing market does the same job?:
@nick-segura Nick are you sure thats correct? eg
Back £50 @1.5 , potental profit £25, potential loss £50Lay £25 @ 1.5. Potential profit £25, Liability (ie loss) £50
If you lay £25 at 1.5 your liability is £12.50 profit £25
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@dr-steve-buckwell Sorry, I meant stake for stake. I am guessing you are using a staking plan, using a specific percentage of your bank. Of course if you adjust the stakes you can achieve the same results.
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It's the same thing just normally if you back with a point at 1.25 is the same as laying at 5 just lays I think get matched quicker but unsure. Can back or lay doesn't really matter what's key is your staking plan
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@nick-segura Nick are you sure thats correct? eg
Back £50 @1.5 , potental profit £25, potential loss £50Lay £25 @ 1.5. Potential profit £25, Liability (ie loss) £50
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Risk to reward - back bet you could only lose your stake but the reward on shorter odds is low, yet more likely. On the other hand, with a lay bet you could lose your stake + your liability but double your stake if the bet wins.
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lay bets normally get matched first
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Hi. I can see why it has uses in a ternary market (such as win-draw-lose) but in a binary market it always seems to me that the use of either lay or back are equivalent ...
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I too would be interested in the answer; perhaps this could be the subject of a future video?
