What are lay and back in betting?

In bookmaker betting, the terms "lay" and "back" have a specific meaning. They are most often used on betting exchanges such as Betfair.

"Lay" means placing a bet against an event. In this case, you bet that the event will not happen. This differs from traditional betting, where you bet that the event will happen. By selecting a "Lay" bet, you get the opportunity to act as a bookmaker, accepting bets from other players.

You can read more about these types of bets in the article on our website.