What Is Lay Betting & Laying In Gambling?

Lay betting is offered by betting exchanges like Betfair. In those bettors can actually act like bookmakers. They can offer odds in addition to backing a bet like in normal sportsbook. It is a crucial component of matched betting with punters that lay the opposite bet to the one they have placed on the bookmaker, in order to unlock the free bet.

Lay Betting Explained

Lay betting is a technique used by individuals in order to make a profit from free bets and offers that bookies are giving out. Punters use betting exchanges to sell or lay bets instead of backing a bet that is done with normal bookmaker. Laying a bet is a way of betting against the odds of an outcome, instead of betting for an outcome to occur like you do when backing a bet (like in regular bookmakers).