Betting exchanges are dynamic, multifaceted betting portals that enable the customer to both return and make choices on a variety of events. What’s back and lay betting, what are the benefits and how can they be used in combination with each other?
Back bet is essentially placing a bet on a selection to win a competition, it will be a race, match, re-election or TV show etc. It is the form of bets that most stadium construction relates to and has been in existence for centuries. Up to ten years ago when betting exchanges started its rise to prominence, back bets will usually be placed through high street and online bookmakers.
Placing a bet is the opposite of a back bet. It is to bet on a result not to happen, that is, a horse not to win, a tennis player not to win a tournament, etc. A prize and bet they are willing to bet on a market offered by a team, and accepted by the backer. If the selection is not successful, the party who has bet they hold a share of money. However, if defeating, the team must give a backer with a return which is his share of money multiplied by odds agreed. Add betting was not available to individuals prior to the development of betting exchanges, with the ability to bet on the election losing exclusively reserved for licensed bookmakers.
Backing up and laying on betting exchanges provides many benefits. From a perspective, the odds that are available to the bettors are consistently better than those offered by traditional bookmakers. This is because exchanges facilitator-to-node betting, with individuals not having indirect costs or required built in profit margins when odds for a particular event occur. Therefore, back from backing up on betting exchanges is better, as odds on offer are greater.
Add betting has the advantage of making customers bet on the choices they think can win. Earlier, the only strategy to bet on the back of a strong opinion against a selection will be to back all other choices in this event. This is a demanding and complicated task when you try to indicate the amount of effort required.
Back and lay the efforts can work with each other to carry out trade strategies. Trading refers to backing or placing a selection on certain odds, then placing the opposite bet when the odds of your favor, guaranteed a profit in the process.
For example, raising the previous bet may return Andy Murray to win the Australian Open for 10 at 6.0 before the tournament starts. By quarter last step, Murray is still in the competition and his odds have now decreased to 3.0. By placing Andy Murray for 20 at half of the original odds (3.0), the individual can guarantee a win if he wins the tournament or not.
To further clarify how this example works:
«Back» 10 @ 6.0 odds = 50 earnings if Murray wins the tournament or loses 10 if he does not
«Add» 20 @ 3.0 odds = 20 profit if Murray does not win the tournament or lose 40 if he does
If Murray wins the tournament = +50 – 40 = +10 profit
if Murray does not win the tournament = +20 – 10 = +10 profit
WBX is a betting exchange dynamic and technologically advanced, offering back and lay equipment. Besides, WBX offers live betting. The option to back, lay or trade during an event. This is a big advantage over traditional bookmakers, as it allows customers to lock in profits if odds are in their favor. It also allows individuals to wait until they can get a more accurate handle on the flow of a match, game or race to make a more informed decision about which choices to bet and whether to return or lay. With low commission prices and a number of markets, there are huge arrays of back and lay opportunities with WBX.