A back bet is a wager on the result of an event that has already transpired. This differs from traditional wagering, in which wagers are placed before an event begins.
Reverse betting, which is a second wager on the same outcome, is frequently used in sports betting to reduce risk. For instance, if a bookmaker wants to pay out regardless of which team wins, they may offer back bets, in which you wager on the team you believe will win. If your team loses, your back bet loses as well. However, if your team wins, both wagers pay the same odds.
What Is Lay Betting
The term “betting” refers to placing a bet on a specific outcome of a match. Specifically, you will act as a bookmaker in this case. If you are not satisfied with the offered odds, you can propose a bet to another user and decide with what odds you would like to do it.
Figure 3 illustrates how you can set the odds you want to offer and the maximum amount that the so-called backer (an opponent who buys your bet) can bet.
When offering a “bet” -bet, you are given a two-way bet. If Leicester City win or draw, your bet wins. Make sure Premier League fixtures and results are up to date before placing your bet so you know who is playing who.
Thus, you are now selling your wager for 10 Euros at odds of 1.68. This indicates that your betting account appears as such:
You win 10 Euro if Leicester City wins.
You win 10 Euro if they draw.
You lose 16.80 Euros if Manchester United loses. (10 Euro x 1.68 = 16.80 Euros – stake 10 Euros = 6.80 Euros clear loss)
We hope this introduction to Betting Exchange “Back” and “Back” bets has helped you understand this complex topic. Of course, there are several betting strategies besides the traditional bookmaker bets. In Bundesliga or Premier League markets there will always be enough fans or redundancies to accept your bets. In order to create a profitable betting concept, it is necessary to take the time to gain a thorough understanding of the betting market. Finally, we would like to present the second strategy, which can be very profitable when well executed.
You can employ this strategy if one of your favorite teams is playing an important game.
What is 1xBet Backbet and Lay betting Laying the Draw
If you want to make money but don’t know where to start, we have some advice.
“Laying” is a very effective strategy. You need to understand the betting markets and the sport you want to bet on to get started.
Find a game where you expect to score in the first half. To do this, you can search these teams’ previous games and determine if they tend to score in the first 45 minutes or if one team is the favorite.
After deciding on a disputed match, betting on a draw at 1xBet means that you are betting on the victory of Team A or Team B. With a bet of €10, you can offer odds of 4.5.
€35 loss for a draw (€10 bet multiplied by 4.5 odds minus €10 bet = €35 loss). If team A wins, it wins €10, and if team B wins, it wins another €10.
The next step is to wait for the start of the game and the first goal. If a team scores, the odds of the tie increase (eg to 6.8) and you “back” the tie. Now you bet €6.62 on a draw, and in case of a draw, you make a profit of €38.40 on the “back” bet (6.62 bet x 6.8 – 6.62 bet = 38.40).
If Team A or B wins, you get €3.38 of the “non-profit” bet (€10 “non-profit” profit minus €6.62 “sack” loss = €3.38 net profit ).
In case of a tie, you will receive your return profit minus your loss. (The €38.4 “discount” minus the €35 “non-profit” loss equals a net profit of €3.4)
10 – 6.62 = 3.38; Team A wins;
10 – 6.62 = 3.38; Team B wins;
Tie: -35 + 38.4 = 3.4
You won’t win a huge amount every time you bet, but if you use this strategy regularly, it can bring you a decent profit. The only time you will lose your €35 bet is if the match ends in a draw.
This risk can be reduced by doing extensive pre-match research, and it is estimated that only six out of every 100 football games are scoreless.
