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Thread: Can someone explain to me what "back" and "lay" mean in sports betting?

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    Default Re: Can someone explain to me what "back" and "lay" mean in sports betting?

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    Quote Originally Posted by CFH View Post
    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.
    Last edited by skel1983; 05-25-2009 at 09:05 PM.

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    Default Re: Can someone explain to me what "back" and "lay" mean in sports betting?

    Quote Originally Posted by skel1983 View Post
    10*
    Quote Originally Posted by CFH View Post
    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?

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    Default Re: Can someone explain to me what "back" and "lay" mean in sports betting?

    Quote Originally Posted by CFH View Post
    Quote Originally Posted by skel1983 View Post
    10*
    Quote Originally Posted by CFH View Post
    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.

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    Default Re: Can someone explain to me what "back" and "lay" mean in sports betting?

    Quote Originally Posted by skel1983 View Post
    Quote Originally Posted by CFH View Post
    Quote Originally Posted by skel1983 View Post
    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 $...

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    Default Re: Can someone explain to me what "back" and "lay" mean in sports betting?

    Quote Originally Posted by CFH View Post
    Quote Originally Posted by skel1983 View Post
    Quote Originally Posted by CFH View Post

    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 .

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    Default Re: Can someone explain to me what "back" and "lay" mean in sports betting?

    Quote Originally Posted by skel1983 View Post
    Quote Originally Posted by CFH View Post
    Quote Originally Posted by skel1983 View Post

    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 .
    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?

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    Default Re: Can someone explain to me what "back" and "lay" mean in sports betting?

    Quote Originally Posted by CFH View Post
    Quote Originally Posted by skel1983 View Post
    Quote Originally Posted by CFH View Post

    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 .
    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.

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