To enjoy it best, players look for bookies that offer incentives like free bet and no deposit bonus- these offers allow you to bet with almost zero risk. Matched betting is a popular strategy that allows you to profit from bonuses offered by traditional bookmakers. Price movements generate your profit when you back or lay an event.įor instance, when you back an event at a certain price, the price has to move lower to profit from it.Īnd to take your profits, you sell your open position when you lay at a lower price. Sports tradingĮxchanges expose you to price charts, hence, the name, sports trading, because it is very synonymous with stock trading.
And if your back bet loses, the amount you lose is what the lay bettor wins. When your back bet wins, the amount you receive is what the opposite player staked and lost. And these two betting types are how exchanges match players against each other.įor every back bet, you place successfully at a certain odds, another player places a lay bet on the same event at the opposite odds. If a back bet is betting on a team to win a game, then a lay bet is betting on the team to lose the game. A lay bet is the opposite of a back bet, which means you are betting against an outcome.
