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Chapter 4. Laying A Selection

This is betting that an outcome will not happen. It is simply taking the other side of backing a bet. In laying a bet, the amount you enter is the backer’s stake you are prepared to accept at those odds you choose and not the amount of money you are prepared to risk in the betting process.

How To Lay A Selection

1. Search your market
At the left-hand side of the Betfair sports homepage, there are all betting markets listed in the menu and the most popular markets are in the middle of the page. Click on the market you want to bet on, and then follow the links appropriately to the relevant event. The middle page has the most current and popular sports.

2. Get your selection
The market you choose, its selection will appear like above with available selection options listed on the page to back or lay a bet. Laying a bet is on the pink columns with boxes to the right that have several selections where the punter selects one box which he thinks will not win. In the box, the top numbers in bold represents the best odds available to lay the selection and at the bottom in the same box is the maximum amount of money you can lay at the odds

3. Select your selection
Click on the pink box to lay a selection that is the bet you are betting against which appears on the right-hand side of the page in the place bets section aligned to the backer’s odds.

4. Choose the backer’s stake
The punter will decide on the stake to accept on your selection from another punter. Click the backer’s stake box in the place bets section and enter the stake you want to accept in this box. The liability in this bet is the amount of money you will have to pay out if the selection wins and it will appear on the far right-hand side of the screen. In addition, you can specify your liability by clicking the liability button.

5. Submit your bet
Once you get satisfied with your bet selection, click submit button at the bottom of the right-hand side of the page awaiting confirmation of the selection details you have provided.

6. Confirm your bet
A confirmation screen will appear on the right side of the page with details of your bet showing how much you will win or lose depending on the outcome of the event. You will click yes at the bottom of the page and check the confirmation to make sure your bet has been placed.

Betting Example Of Laying A Selection

A punter wants to back the draw for the win at odds of $3.65 for $4038. You think the odds on the draw are too short so you decide to lay the draw for $100 at odds of $3.65. Your account is sufficient with ($265) to lay this bet. If you are right and the match does not end in a draw like Australia wins, you will collect the $100 stake from the punter who placed the bet at the odds you offered. If the match is a draw, then you must pay $265 from your account, which is the amount you will lose.

Chapter 5. Trading


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