Lay bet

A lay bet is a bet that bets against a particular outcome taking place. This type of bet is the direct opposite to a back bet.

Lay bets usually have to be placed at betting exchanges rather than sportsbooks. Due to this, lay bets are usually only conducted using decimal odds.

Example


 * If a bettor lays a team to win a match, they are betting that the team will not win.
 * This example lay bet would win if the selected team loses.
 * This example lay bet would lose if the selected team wins.
 * The example lay bet would win if there is a draw.