Bet And Lay Strategies
Here's an experimental strategy based on the unique X-Feeder parameter - the P/L trend.
Laying a Golf Bet. Online Betting.me.uk shows you the betting strategies of other punters and invites you to share your betting strategy. Lay bet after x number of matched bets. What is Lay Betting? Lay betting is an option on exchanges like Betfair where bettors can play the bookmaker, offering odds to sell a bet instead of to back a bet. It is one component of matched. Youngbie a blog about Free football Betting Systems and Strategies Discussions laying betfair system. We explain back and lay betting very simply and with plenty of screenshots. This is how football traders back and lay on Betfair in order to make a profit.
The idea of the plan is very simple: to bet on the favourite at Preflop, but what makes it different is that we'll be backing or laying depending on the direction in which our profits/losses are going.
Using the recently added trigger variable channel_trend we'll determine the early signs of a losing streak and change the type of our betting from back to lay and backwards. The theory behind this is that the favourite hand might lose several games in a row, then keep winning for several next games and so on.
So we'll try to determine the right moment to make advantage of that. Once we've started losing our lay bets, the channel_trend will show a negative number, so we will switch to backing in hopes that the favourite will keep winning for a while. As back bets start to lose, we will notice that from channel_trend's value and reverse to laying.
The most important thing in this strategy is to STOP once you've won a certain amount of money. Whatever your plan is, you can't keep winning endlessly. There will be a slump in your P/L which will reduce to zero (or even below zero) all your efforts. So we've added a special trigger that will stop the game as soon as you've won 15 times your initial bet size.
You may and are encouraged to experiment with the triggers. For example you may change the threshold at which the betting turns in the opposite direction. This value is equal to -0.25 in the example (remember that channel_trend can take values from -1.0 to 1.0).
Also, in the example the size of the back bet is 1.2 times bigger than the size of the lay bet, you may want to change that as well.
Good luck with this trigger and please let us know how you liked it. Post your opinions to our forum.
P.S.
Here's a tip: try to bet with these triggers in the morning, or rather from 00:00 to 14:00. Usually the best results can be obtained in these hours.
- BACK
- LAY
Most of the major bookies now let you “cash out” your accumulators but that may not be the best way to secure the profit. If you have a betting exchange account you can lay bets off to get a potentially bigger profit or cover your stake.
Lay bets are different to traditional types of bet and can often be a good way to boost your winnings on a wager.
They’re becoming increasingly popular with more advanced punters and are regularly used when using a Matched Betting strategy.
Only a select number of outlets offer lay betting, so if you’re looking to get in on the act then you need to pick your sites carefully. At Betting Apps, we know all you need to know about lay off bets, and below you’ll find our complete guide on what they are and how you place them.
Betting Exchange Apps
What Are Lay Bets?
Lay bets are a type of bet that are exclusively offered by betting exchanges as opposed to traditional Android or iPhone betting apps and basically work on the basis that you make a bet against a specific outcome happening.
For example:
Let’s say you wanted to bet on a football match between Liverpool and Everton. If you were to place a bet at a regular bookmaker, you’d be placing a wager on a team to win. In this instance let’s say Liverpool.
With a bookmaker such as William Hill, you would make a ‘Back’ bet on Liverpool, as you would be backing them to win the game.
However, in a betting exchange like Betfair, you can place a ‘Lay’ bet which means you would be betting against them, meaning you would win the bet should the match finish a draw or Liverpool win the game.
This ultimately means two outcomes are in your favour and one isn’t when playing this particular Lay bet.
How To Lay Bets Off To Secure Profit
Placing a lay bet is relatively easy, however, you need to find a betting exchange that will offer the ability to do so.
If you haven’t got an account with a betting exchange just yet, not to worry. Check out the list of betting exchanges in the table above, select one and register for a new account. You may also be fortunate enough to pick up a new customer deal in the process.
Once your account is opened you can begin to place lay bets. There are a number of reasons for why you would do so. Most commonly that’s as part of a Matched Betting tactic, although you can also benefit from placing a lay bet when playing an accumulator in-play.
In Matched Betting the idea is simple, it’s about covering all outcomes with value. In the case of the latter, it’s a lot more interesting and offers a solid way to earn some returns.
The way to do this is by first finding a bet that’s winning that you want to lay off. This works best when you’re down to the last game, make sure you have a note of the odds and your stake.
Now you need to calculate how to lay it off, start by going to backlaybettingcalculator.com and open the calculator. Enter the details of your accumulators’ odds, stake and the lay odds for the final game. Then hit calculate and it will tell you the exact lay stake. Remember to add the relevant commission level for your chosen betting exchange app.
The amount locked in is almost always higher than the “cash-out” option from the bookies, just make sure you double-check the numbers so you’re getting the best profit.
For Example:
From the images above we created an example of how this is done using the iPhone calculator app.
In this scenario, we have backed an acca at 50.00 (£5 at 49/1) and we have one game to go. The odds for the lay is at 1.5, with lay odds appearing in red, so we’ve added these details to the calculator.
If we let it run the acca is set to return a £245 profit, but if we’re nervous we can lay £166.67 at 1.5. Remember this is a lay so the liability is £83.34, which you will need to have in your account. If we place the lay we are secured a £161 profit regardless of the outcome. With this example showing a 5% commission rate by the relevant exchange bookmaker, net profit of £153 is the actual amount returned, regardless of outcome.
Choosing when to place a lay bet in this scenario is always down to your own judgement. You might decide it’s the best time to lay off if, for example, the team takes the lead and it’s 1-0 with 10 minutes. You’d still lay off at that point and make a profit. The odds will probably be around 1.18 so we’ve added this as an example. If added to the calculator you can now get a £206 profit.
It’s always worth checking the odds to lay on bets if you feel nervous. It’s your choice if and when you do it but it’s good to cover it as there’s nothing worse than losing a big acca to a last-minute equaliser!
Where To Place Lay Bets
You can only place lay bets at betting exchanges. Generally, these are a little few and far between, particularly in comparison to the number of standard iPhone and Android betting apps on the market.
We’d always recommend Betfair, Betdaq or Smarkets Exchange. They’re our most trusted Exchange bookmakers. All three betting Exchange providers offer a large number of markets to place lay bets on and every major fixture across football, horse racing, and many other sports are available.
You can ultimately place a lay bet on any sport and any market. If the betting Exchange is offering lay bets, then you can use the methods above to cover all bases and make a profit.
Bet And Lay Strategies Examples
They give you that extra safety net, and if you need that in your gameplay, then using lay bets is definitely for you.