All our calculators are completely free for punters to take advantage of. We aim to add value to punters’ betting with accessible and easy-to-use bet calculators, which will help them to make confident and successful decisions.
How to Use Betting.com’s Lay Bet Calculator
Betting.com’s Lay Bet Calculator is fully automated and is designed to calculate the liability for you, and it will show you the potential profits that you can earn from the wished bet. Our Lay Bet Calculator is straightforward to use, and quite literally you are only requested to do 3 things:
- Enter the stake that you are ready to invest in your bet.
- Add the odds that you will use, and make sure that you are taking advantage of the highest bookmakers’ odds for each of your bets because they will bring better results.
- Add the commission amount (if applicable).
Once you are ready with the above information, our Lay Bet Calculator will calculate for you the potential profits as well as the liability that you have. Nowadays, the lay betting strategy is adopted by plenty of punters in order to secure a profit by taking advantage of the bookmakers’ offers.
Lay Betting Explained
Lay betting is a type of betting that is only available on the betting exchanges. In simple terms, a lay bet is an option where you are placing a bet on that a specific event will not happen. For example, when you are betting on regular bookmakers like bet365, you are backing a selection, which means that a certain event will happen.
Let’s get Manchester United vs Liverpool game. If on the one hand you back Liverpool and you are placing a bet on that they will beat Manchester United, and the game will not finish in a draw.
However, if you Lay Liverpool you are effectively saying that they will lose or the game will be a draw.
Another way to explain what lay betting means is to observe it as an option that allows you to play the role of the bookmaker. Instead of betting on an event happening, you will be betting on an event not happening – exactly this is what the bookmakers do all the time.
Something which is absolutely mandatory to understand before placing your first lay bet is the liability that comes with the lay bet. When you are placing a backing bet with £10 regardless of the odds, your risk is capped at £10. For example, if you back a horse to win a race with a £10 and the horse finishes 6th you will only lose £10.
However, that will not be the case when you place a lay bet. If you think of yourself as a bookmaker, you will have to pay out the winnings. Why? Well, if you lose your bet the bookmaker will keep the stake, but in case you win the bookie will have to pay out your winning, and that can be more than your original stake because of the odds. It is exactly the same way with lay betting. If the selection you placed a lay bet on wins, you will have to pay the winning to the person who has backed this selection. The amount you have to pay out is called liability.
Lay Betting Example
The following example will give you a better picture of what exactly lay betting means and how it works
If you lay a horse with odds 5.00 and stake £10, your liability will be 5 x 10 = £50. So if the horse you are laying wins you will have to pay out £50.
When you are new to betting the lay bet concept may be slightly difficult to understand, this is why we have developed a lay betting calculator that will help you see what will be the potential liability for you. We advise you to either use our Lay Bet Calculator or any other but please make sure you always know your liability as otherwise, you can lose massively with lay bets. Besides, if you use a tipster who posts regularly lay bets, make sure that you calculate all the amounts before placing any bets. If you want to learn more about lay betting, feel free to check our extensive Lay Betting guide, which will give you more ideas and details about this betting type
Why is it Beneficial to Use Betting.com’s Lay Bet Calculator?
The Lay Bet Calculator will be a helpful tool for those who want to get out of the annoying calculations when they are placing lay bets.
It will help you to quickly understand how much exactly your liability and your potential profits are. The calculator will also deduct the commission that you will pay to your betting exchange, and at the end, you will know your net profit. Even if you are not an experienced punter, you don’t have to be worried, the calculator is user-friendly, and you can take advantage of it without any difficulties.
Furthermore, the Lay Bet Calculator is fully automated, which means that you will be sure you know correctly your liability and potential profits. We are well-aware of that many of you are placing many Lay bets, that’s why our Lay Bet Calculator is 100% free, and you won’t pay any fees even if you use it thousand times. Also, if you are not in front of your PC, the calculator will cover you – it works on any mobile devices or tabl