At the same time, there is a combined $747 in unmatched bets at 3.40 odds for Aston Villa. This represents punters who wish to back Aston Villa to win at 3.50 odds, but haven’t yet found a punter willing to lay a bet against Aston Villa at those odds. For example, there is a combined $170 in unmatched bets at 3.50 odds for Aston Villa. In the example odds above, the dollar figures for each odds box represents how much money is unmatched at those odds. If no punter elects to take the opposite position on your bet then your bet is said to be unmatched. If you are paired up against another punter your bet is said to be matched. In a betting exchange you can select from the available odds, or you can offer new odds of your own. With a lay bet your potential profit equals your wager amount (minus commission), while your potential loss equals your wager multiplied by the quoted odds minus one, i.e. With a back bet your potential payout depends on the wager multiplied by the odds (minus commission), while your potential loss equals your wager amount. The above example highlights the difference between a back and lay bet. Conversely, if the odds are, say 1.10, you can lay $1000 against an outcome with only a $100 account balance, because your potential loss is only $100. This example shows that for odds over 2.00, you need more than $100 in your account balance to lay $100. This is because $100 of the backer’s payout is their original wager. Note that you lose $240 and not $340, because you only lose the net profit, not the total payout. If Liverpool wins or the result is a draw you would win $100 (minus commission). Lay: Suppose you lay $100 against Aston Villa.If Liverpool wins or the result is a draw then you would lose $100. If Aston Villa wins you would receive $340 for a $240 profit (minus commission). Back: Suppose you back $100 on Aston Villa.So how do back and lay bets on Aston Villa compare? If you placed $1,000 on Aston Villa at the best available odds, you would get $747 at 3.40 odds and $253 at 3.35 odds. In the market shown above, only $747 in wagers can be accepted at 3.40 odds if you want to back Aston Villa to win. The white boxes provide an insight into the market depth. The dollar values below the odds show the amount of money you can bet at those odds. The shaded boxes represent the marginal odds to back and lay each outcome. The odds provided have been taken from Betfair, which is the most popular betting exchange for Australians. For this reason with a lay bet you are essentially playing the role of the bookmaker.īelow is the discussion of the possible outcomes for placing a back or lay bet on Aston Villa in the following fixture. Unlike back bets, you double your money (minus commissions) if you are correct, and have to pay out at the agreed odds if you are wrong. Your lay bet wins if anyone except Hay List wins, and loses if Hay List does win. For example you could lay a bet against Hay List to win a horse race. A lay bet wins if the selected outcome does not occur. If you hold an exchange membership you also have the ability to lay a bet against an outcome. For example, if you bet on Arsenal to beat Chelsea, you are backing Arsenal. To back an outcome is to bet that the selected outcome will occur. If you have a membership with a bookmaker you can only back outcomes. Exchange memberships are a must have for serious enthusiasts because they enable you to bet both for and against outcomes. Bookmakers are recommended for beginners because they are easier to learn. With exchanges, the odds are determined by fellow users within a marketplace and you bet against fellow users. Bookmakers offer odds and you bet against the agency. This section will simply discuss the differences between a bookmaker and a betting exchange.Īgencies fall into two categories: bookmakers and exchanges. Australia Sports Betting has an entire section dedicated to betting services that are suitable for Australians. One of the first steps for any punter is to select a betting agency. You are here: Home > Beginner’s Guide > Betting Agencies > Bookmakers vs. Live American Football Scores & Results.Historical Twenty20 Big Bash Results and Odds Data.Historical Super Rugby Results and Odds Data.Historical A-League Results and Odds Data.Bookmaker Ownership Structure in Australia.Staking Plans that Adjust for Bookmaker Odds and Bet Ratings.Maximising Expected Return to Risk Ratio.Implied Probability and Expected Return.
0 Comments
Leave a Reply. |