What is laying a bet?
Backing a bet
When we normally place a bet, we bet on a particular outcome to happen. For example, below, we have put a £10 bet on Bournemouth to win at odds of 4. If the bet wins, we will win £30 plus get our stake of £10 back, so the return is £40.
Laying a bet
Laying a bet is betting on an outcome not to happen. In the example above, laying Bournemouth means we would be betting on Bournemouth not to win (e.g. a draw or Tottenham to win).
Using the same example, to ‘Lay off’ the above bet (which is what we need to do for our qualifying bets) we place the following:
The liability is the amount of money you lose if you lose the bet.
If Bournemouth win you will be £30 in profit from Bet365 (-£10 placed plus £40 returned) but will lose £30.68 from the liability in the exchange.
If Bournemouth lose then you lose the £10 you placed in Bet365 but you win £9.30 from the exchange bet.
Both scenarios give you a qualifying loss (QL) of around £0.7
How do I find the bets and calculate the Lay?
This is where Profit Accumulator comes in. Profit Accumulator has all the tools you need to find the offers, find the best match, and calculate the amount needed to lay the bet (including the QL). It is the go-to software for Matched Betting.
Once we have found an offer (e.g. bet £10 get £10) we place a bet like the one above and make a small loss. We then receive a free bet and repeat the process. As the bookies do not give you the free bet stake back the amount you win is around £8 for a £10 free bet.
So what are you waiting for, sign up today!