Can someone explain to me what "back" and "lay" mean in sports betting?
Yes, here it is. Another stupid thread brought to you courtesy of CFH. Enjoy.
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
"Back" means you support them and think it will happen.
i.e. I back that horse to win the race. Or I back Marquez over Mayweather.
I haven't even heard "lay" to be honest with you.
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
I'll post a screen of the page that got me wondering, maybe that will make things more clear.
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Goddamnit. How do I post a screen shot here?
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
something to the extent of lay back and prepare to be ass raped on the bet you just made.
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Fenster will know the answer, he lives at the bookies. Wait until he sees the page. :)
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Betfair.com is a site where you can act as the bookie aswell as the punter.
So basically you can create odds yourself and allow other punters to back the odds you have offered.
So laying means you are basically backing something to loose, meaning your offering them odds you have highlighted in pink for other punters to back.
Backing is in blue and is when you are the punter and backing something to win.
I hope thats clear ;D
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
skel1983
Betfair.com is a site where you can act as the bookie aswell as the punter.
So basically you can create odds yourself and allow other punters to back the odds you have offered.
So laying means you are basically backing something to loose, meaning your offering them odds you have highlighted in pink for other punters to back.
Backing is in blue and is when you are the punter and backing something to win.
I hope thats clear ;D
Fuck me, I'm more confused than ever... I think I understand what you're saying though, I guess I need to find another site then. I've never bet on sports in my life, but I just wanted to check the odds on whether Wlad - Haye will go the distance (I'm 100% sure it won't) and what the over/under odds are...
Edit: Hold on a sec, does that mean that I can get 1.1 odds that the fight doesn't go the distance by backing someone elses bet??
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
CFH
Quote:
Originally Posted by
skel1983
Betfair.com is a site where you can act as the bookie aswell as the punter.
So basically you can create odds yourself and allow other punters to back the odds you have offered.
So laying means you are basically backing something to loose, meaning your offering them odds you have highlighted in pink for other punters to back.
Backing is in blue and is when you are the punter and backing something to win.
I hope thats clear ;D
Fuck me, I'm more confused than ever... I think I understand what you're saying though, I guess I need to find another site then. I've never bet on sports in my life, but I just wanted to check the odds on whether Wlad - Haye will go the distance (I'm 100% sure it won't) and what the over/under odds are...
Edit: Hold on a sec, does that mean that I can get 1.1 odds that the fight doesn't go the distance by backing someone elses bet??
Il be honest with you betfair is quite confusing when your first using it, but on average your probably get 15/20% better odds.
If you just want to back sports events its cool, Betfair is a great tool If you basically want to be a bookie.
The guy(s) who own Betfair are raking it in mate, they cant loose there just acting as a sit and take a percentage of all winnings so they basically cant loose!!
But its a good site its got a decent forum on there to for betting advice etc etc.
Just makesure if you want to back stick to blue, but if you did ever make the mistake of laying ( pink) you have to make sure you have the funds available in your account in case you loose.
For example if you layed something at 4/1 for £10, there would have to be £40 in your account so if the selcetion you layed did win at 4/1 you would have to pay the person(s) who backed the event at 4/1 for £10, i hope that makes it alot clearer??
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
10*
Quote:
Originally Posted by
CFH
In this instance, if you had clicked the pink at 11 for £35 you are giving someone 10/1 for £35 to go the distance so menaing if it went the distance you would have to pay out £350!!!
So basically the blue is what odds are available and the pink is what some cheeky bastards are hoping some mug will give them lol.
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
skel1983
10*
Quote:
Originally Posted by
CFH
In this instance, if you had clicked the pink at 11 for £35 you are giving someone 10/1 for £35 to go the distance so menaing if it went the distance you would have to pay out £350!!!
So basically the blue is what odds are available and the pink is what some cheeky bastards are hoping some mug will give them lol.
Ok, I think I get it. So if I just want to bet that the fight won't go the distance, I can get 1.1 odds just by betting against the house so to speak, is that correct?
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
CFH
Quote:
Originally Posted by
skel1983
10*
Quote:
Originally Posted by
CFH
In this instance, if you had clicked the pink at 11 for £35 you are giving someone 10/1 for £35 to go the distance so menaing if it went the distance you would have to pay out £350!!!
So basically the blue is what odds are available and the pink is what some cheeky bastards are hoping some mug will give them lol.
Ok, I think I get it. So if I just want to bet that the fight won't go the distance, I can get 1.1 odds just by betting against the house so to speak, is that correct?
Thats it yes, at the moment there is £352 worth of best available at 1.1. So you can basically put anything upto £352 for it not to go the distance.
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
skel1983
Quote:
Originally Posted by
CFH
Quote:
Originally Posted by
skel1983
10*
In this instance, if you had clicked the pink at 11 for £35 you are giving someone 10/1 for £35 to go the distance so menaing if it went the distance you would have to pay out £350!!!
So basically the blue is what odds are available and the pink is what some cheeky bastards are hoping some mug will give them lol.
Ok, I think I get it. So if I just want to bet that the fight won't go the distance, I can get 1.1 odds just by betting against the house so to speak, is that correct?
Thats it yes, at the moment there is
£352 worth of best available at 1.1. So you can basically put anything upto £352 for it not to go the distance.
Wow. Those seem like incredibly good odds. There is no way I see that fight going the distance.
Here's another stupid question, how do I make the bolded Pound sign on my keyboard. All I have is the $...
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
CFH
Quote:
Originally Posted by
skel1983
Quote:
Originally Posted by
CFH
Ok, I think I get it. So if I just want to bet that the fight won't go the distance, I can get 1.1 odds just by betting against the house so to speak, is that correct?
Thats it yes, at the moment there is
£352 worth of best available at 1.1. So you can basically put anything upto £352 for it not to go the distance.
Wow. Those seem like incredibly good odds. There is no way I see that fight going the distance.
Here's another stupid question, how do I make the bolded Pound sign on my keyboard. All I have is the $...
Shift and the number 3 at the same time, also mate im sorry to burst your bubble, but i think you reading the odds wrong which i use to do with decimal odds, the odds of 1.1 means its 1/10 meaning for every £10 you wage you are getting £1 + your £10, not £11 + your £10 stake as you probably thought??
Bummer aint it i use to think the same i hate decimal odds fractions are much better old school ;D.
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
skel1983
Quote:
Originally Posted by
CFH
Quote:
Originally Posted by
skel1983
Thats it yes, at the moment there is £352 worth of best available at 1.1. So you can basically put anything upto £352 for it not to go the distance.
Wow. Those seem like incredibly good odds. There is no way I see that fight going the distance.
Here's another stupid question, how do I make the bolded Pound sign on my keyboard. All I have is the $...
Shift and the number 3 at the same time, also mate im sorry to burst your bubble, but i think you reading the odds wrong which i use to do with decimal odds, the odds of 1.1 means its 1/10 meaning for every £10 you wage you are getting £1 + your £10, not £11 + your £10 stake as you probably thought??
Bummer aint it i use to think the same i hate decimal odds fractions are much better old school ;D.
I assumed the odds were the same as in Killer's sportsbook, thus I thought 1.1 meant I would make 1.1 dollar/pound for every dollar/pound wagered. Damn it.
I just get the # symbol by pressing shift + 3. Maybe keyboards sold in the UK are different?
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
CFH
Quote:
Originally Posted by
skel1983
Quote:
Originally Posted by
CFH
Wow. Those seem like incredibly good odds. There is no way I see that fight going the distance.
Here's another stupid question, how do I make the bolded Pound sign on my keyboard. All I have is the $...
Shift and the number 3 at the same time, also mate im sorry to burst your bubble, but i think you reading the odds wrong which i use to do with decimal odds, the odds of 1.1 means its 1/10 meaning for every £10 you wage you are getting £1 + your £10, not £11 + your £10 stake as you probably thought??
Bummer aint it i use to think the same i hate decimal odds fractions are much better old school ;D.
I assumed the odds were the same as in Killer's sportsbook, thus I thought 1.1 meant I would make 1.1 dollar/pound for every dollar/pound wagered. Damn it.
I just get the # symbol by pressing shift + 3. Maybe keyboards sold in the UK are different?
Maybe the keyboards are different mate, errr on my keyboard the £ sign is on the 3 key but its shift and wherever the £ symbol appears on our keyboards in the uk.
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
skel1983
Quote:
Originally Posted by
CFH
Quote:
Originally Posted by
skel1983
Shift and the number 3 at the same time, also mate im sorry to burst your bubble, but i think you reading the odds wrong which i use to do with decimal odds, the odds of 1.1 means its 1/10 meaning for every £10 you wage you are getting £1 + your £10, not £11 + your £10 stake as you probably thought??
Bummer aint it i use to think the same i hate decimal odds fractions are much better old school ;D.
I assumed the odds were the same as in Killer's sportsbook, thus I thought 1.1 meant I would make 1.1 dollar/pound for every dollar/pound wagered. Damn it.
I just get the # symbol by pressing shift + 3. Maybe keyboards sold in the UK are different?
Maybe the keyboards are different mate, errr on my keyboard the £ sign is on the 3 key but its shift and wherever the £ symbol appears on our keyboards in the uk.
I just looked it up, and UK keyboards are slightly different. I find that interesting for some odd reason:
UK:
http://upload.wikimedia.org/wikipedi...ed_Kingdom.svg
American:
http://upload.wikimedia.org/wikipedi...es-NoAltGr.svg
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
RP33
something to the extent of lay back and prepare to be ass raped on the bet you just made.
:lol:
Pretty much...
Re: Can someone explain to me what "back" and "lay" mean in sports betting?
Quote:
Originally Posted by
CFH
Quote:
Originally Posted by
skel1983
Quote:
Originally Posted by
CFH
I assumed the odds were the same as in Killer's sportsbook, thus I thought 1.1 meant I would make 1.1 dollar/pound for every dollar/pound wagered. Damn it.
I just get the # symbol by pressing shift + 3. Maybe keyboards sold in the UK are different?
Maybe the keyboards are different mate, errr on my keyboard the £ sign is on the 3 key but its shift and wherever the £ symbol appears on our keyboards in the uk.
I just looked it up, and UK keyboards are slightly different. I find that interesting for some odd reason:
UK:
http://upload.wikimedia.org/wikipedi...ed_Kingdom.svg
American:
http://upload.wikimedia.org/wikipedi...es-NoAltGr.svg
I normally run a search and just copy n paste it. ;D
