How to win on the Betfair exchange with lay bet?

Lay betting is maybe the best part of choosing to place your wagers on an exchange, no matter if we are talking about Betfair, or the alternative operators using the Betfair API. This is by far the best feature the punters could lay their hands on, as it gives the possibility to become the bookmaker. Of course, the Betfair exchange introduced lay bet back in the 2000s having as its priority to offer a new perspective and a very much different betting experience. 20+ years later it has managed to become the big tal of the town.

In the upcoming article, you will have the chance to see a few ways to use lay bet on the Betfair exchange or the latter’s alternatives to get the most out of your invest, as well as explaining in depth the reasons why lay betting is in many cases life saving and how the punters can use it to get a sure profit. Keep on reading, as you are going to find intriguing information that can help you transform from a recreational punter to an advanced or even a pro player.

Ways of winning with lay bet on the Betfair exchange

Before analyzing some of the best winning strategies regarding the Betfair exchange lay bet, it would be probably wise to tell for all the uninitiated reading the article, what exactly is on Betfair exchange the lay bet and how it works. The latter is used as the opposite of back betting. That means that by placing a lay bet you state that this specific outcome of an event will not happen. But that is not just it. From the time you will choose the Betfair exchange lay bet for a specific outcome, you will also have to create the proper odds for another punter to come and match your bet.

This is where you should train yourself so you can find the balance between offering luring odds for other punters, while at the same time you should be profitable for yourself. Nonetheless, the Betfair exchange lay bet gives you the chance to win more, especially if you know what you are doing. So now, it is time to see some of the best winning strategies that are going to let you gain more, a higher profit.

Lay betting through team news

Betting is by default a sport of knowledge, so don’t you ever make a mistake of placing a Betfair exchange lay bet without making your research on the teams you are ready to bet on and, their most recent news and the stats that could affect how you should think of every team/ player. It is important to make the most informed bets the possible, as you also have always in your mind the liability you will have to pay if you will lose your Betfair exchange lay bet. This liability will make you lose the money you invested and at the same time you will have to payout the winnings to the punter that matched your lay bet by backing the same selection.

Trading using lay bet

One of the best ways to use lay bet on the Betfair exchange is through trading. In that case you can either begin betting using the back or the lay feature at the very time the odds on a specific event are published and as long as you see a movement on the odds set you can take advantage of that by placing the opposite outcome. For example, should you have chosen to back Arsenal to win Manchester City, but you have noticed a huge movement on the odds set, you can go and trade your bet. That means that you will lay a bet now on Arsenal. In that way, you will end up with a certain profit, as long as you have used an arbitrage calculator, so you can place the correct amount of money on each bet, while having in your mind the liability of a possible lost lay bet. You can also find this option as “laying off” a bet.

Laying the Draw

In case you are a football punter, there is out there a way to make easy money. Again you have to make informed decisions, but a great strategy for lay bet on the betfair exchange is to place a lay bet on the draw. You just have to wait for the match to not end up in a draw. After all, the latter is the most difficult result to occur on a football match, especially if you will choose matches where the difference of skills and scoring capacity is the one to lead you towards winning.

Cross market trading

Another way to get a possible profit by using lay bet on the Betfair exchange or the alternatives betting exchanges, like OrbitX, Whitehorse and more is through betting on similar, but at the same time different markets. For example, you place a back bet on the 0-0 exact score and at the same time you place a lay bet on the Betfair exchange on the draw. In that way, if a 0-0 occurs, you will get a high profit, covering the lay bet loss along with the latter’s liability and you will still make it with a profit.

All the aforementioned strategies for lay bet on the Betfair exchange may also apply on the Betfair alternative betting exchanges like OrbitX, Fair999, Whitehorse and Winfair24, all of them offered by the best betting brokerage service in the world, Brokerstorm, also coming with low commission on the players’ winnings, starting from a rate as low as 3%. Create your new account with Brokerstorm now!