What is relaxed when betting?

In bookmaker betting, the terms “Lay” and “Back” have a specific meaning. They are most commonly used on betting exchanges such as Betfair.

“Lay” means placing a bet against an event. In this case, you are betting that the event will not happen. This differs from conventional betting, where you bet that an event will happen. When you choose a “Lay” bet, you get the opportunity to act as a bookmaker and accept bets from other players.

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