A “lay” bet is the opposite of a back bet โ you are betting against an outcome occurring. When you lay a selection, you are essentially acting as the bookmaker, offering odds to other bettors. If the outcome you laid does NOT happen, you keep the backer’s stake as profit. If it does happen, you pay out at the agreed odds.
Lay betting is available on 4SIX’s betting exchange and is particularly popular in cricket and football markets. It is important to understand your maximum liability before placing a lay bet, as losses can exceed your initial stake. Use the liability calculator in the bet slip to assess your risk before confirming any lay bet.