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Why are lay odds higher than back
Title: The Curious Case of Lay Odds: Why Are They Higher Than Back? Hey there, fellow bettors and gamblers! Today, we're going to dive into the thrilling world of odds and explore a puzzling phenomenon: why are lay odds higher than back? If you've ever wondered why this is the case, join us on this whimsical adventure as we uncover the secrets of the wagering realm! Picture this: you're at your favorite online sportsbook, contemplating whether to back or lay your hard-earned cash on a particular event. Suddenly, you notice the odds for laying are higher than those for backing. It's like a riddle wrapped in an enigma with a sprinkle of mystery! But fear not, dear reader, for we have some recommendations to help demystify this conundrum. 1. Risky Business: First and foremost, let's talk about risk—every gambler's constant companion. When you lay a bet, you become the bookmaker, taking on the responsibility of paying out the winnings if the event occurs. This increased liability is reflected in the higher odds. So, if you're feeling particularly bold and believe Lady Luck is on your side, laying might just be your cup of tea. 2. Supply and Demand
Can you make money just laying bets?
You get your stake back with a profit if you're correct but the bookie keeps it if you lose. With lay betting, you take the role of the bookmaker and back things not to happen. For example, you can place a lay bet on a football team not winning. So, if the team loses or the game ends in a draw, you'll win a profit.
What is the best lay bet strategy?
One of the best is back-to-lay: taking both sides of the bet to back and lay the same selection following a price movement either to lock in a profit or minimise your potential loss. With a back-to-lay strategy, you're not necessarily looking for a selection that you think will go on to win.
What is the most profitable way to bet?
Hedging bets is by far the most successful betting strategy. This is where you're able to place multiple bets to cover all possible results and still make a profit regardless of the outcome of the game.
How do I choose a lay bet?
Placing a Lay Bet Select a market, choose a selection you want to lay and click on the best lay price/odds. In the following example you are laying Phil Mickelson at odds of 9. The backer is staking £10 (€10).