The rise of betting exchanges surprised many online sports betting fans. For the first time, players can experience what Asia bookies do and bet against each other.
To some degree, exchange betting is the true test if players are knowledgeable of football and football odds. To be honest, lay betting is not for everyone and it needs a lot of effort to study how to make better odds and also perseverance.
Before we begin answering the question on how to win in lay betting, we need to define first the term lay betting and how it works.
What is Lay Betting?
Before we dive into the definition of lay betting, we need to define first what a betting exchange is.
A betting exchange is an online sports betting platform that is slightly different from a typical Asia bookie. These websites link players and make them bet against one another instead of setting the odds themselves.
The players that participate in a betting exchange are divided into two types—the layer and the backer. The layer simply acts as a bookmaker and places odds in a betting exchange based on the outcome of a match.
The backer, on the other hand, serves as a regular bettor where he or she is the one who places a bet on the odds set by the layer.
Lay bettors are the ones who do lay betting, and it involves setting the odds according to certain factors that surround a football match and setting the price.
Lay Betting Arbitrage
Arbitrage betting is the practice of taking advantage of differing odds of the same sporting event from multiple sportsbooks. This means you can profit from these betting sites no matter what the outcome of a football match.
The thing is that this practice is prohibited by many Asia bookies because they believe that it is a form of cheating.
Betting exchanges, on the other hand, do not ban arbitrage betting because it doesn’t reduce their earnings. You can take advantage of setting odds on multiple outcomes by laying bets on betting exchanges.
Team News and Bet Trading
Another tip that we can offer to you about lay betting is to keep yourself informed about the news related to the leagues and clubs that you choose. As mentioned above, lay betting will test your knowledge of football so you need to study so that you can compare odds.
However, you should know that odds can change because of different factors. Odds can be adjusted based on several reasons such as injuries, change in fixtures, delays, suspensions, and others. These things can affect the odds that you lay so you need to be prepared for these things.
Laying Draw Bets
Lastly, we will end this guide with an easy and useful lay betting tip. This strategy involves relying on the most popular market for lay bettors, the draw bet. This bet simply means that the player will win if the result of the game is anything with the exception of a draw.
The probability of a match ending in a draw drops when a team is dominating after the first half of the game ends. Before that happens, you need to withdraw your winnings as soon as any team scores the first goal, in that way, you will be sure that you will make a profit.
Final Words
Lay betting is an exciting new way to bet on sports, it gives the bettors an opportunity to set the odds themselves and make a profit. Another advantage of this kind of online betting Singapore is that players can expand their knowledge of the sports that they are familiar with.
Just keep in mind that the key to lay betting is timing and staying informed of the latest news about football.
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