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General Betting
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Hello
Im quite new to this whole idea of betting, but whats got my interest is the lay bets. I'm not sure if I understand that correctly, but here's the scenario:
Italy - Slovakia
I make a lay bet of 10 pounds on Over 4.5 Goals, it shows me 2 values:
Liability: 100 pounds
Payout: 110 pounds
So, if the game ends with the score of say 1:1, do I get 110 pounds on my account and there's nothing else to worry about? I went through the tutorials and I still feel like I'm missing something, it seems way to good to be true.
Can anyone help please?
Im quite new to this whole idea of betting, but whats got my interest is the lay bets. I'm not sure if I understand that correctly, but here's the scenario:
Italy - Slovakia
I make a lay bet of 10 pounds on Over 4.5 Goals, it shows me 2 values:
Liability: 100 pounds
Payout: 110 pounds
So, if the game ends with the score of say 1:1, do I get 110 pounds on my account and there's nothing else to worry about? I went through the tutorials and I still feel like I'm missing something, it seems way to good to be true.
Can anyone help please?
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When you lay, the amount you win is what you stake. So in this case your profit will be 10 pounds minus commision
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The amount you put in is the amount you will win, the liability is your 'stake'.
Just think of it as you being the bookie, you're taking the backers bet. If you lay a bet @ 3.0, then those are the odds you're giving the backer(or 2/1 if you're used to using fractions) only difference being is that the money leaves your account straight away, whereas a bookie pays out once the result is known. |
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ouch if you did that lay
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