Use Bettingmetrics Lay bet calculator to make informed bets and stay on the top of your betting finances.
Bettingmetrics lay bet calculator is fully automated and is designed to calculated the liability for you and show you the potential profits. Our lay bet calculator is extremely easy to use and quite literally you are only requested to do 3 things:
1. Add your stake.
2. Add the odds.
3. Add the commission (if applicable)
Once you add the above information our lay bet calculator will compute for you the potential profits as well as the liability you have.
Lay betting is used by plenty of punters in order to secure guaranteed profit by taking advantage of the bookmaker’s offers.
Lay betting is a type of betting that is only available on the exchanges. In simple terms lay bet is an option where you are saying that a certain event will not happen. For example, when you are betting on the normal bookmakers like bet365 you are backing a selection effectively meaning that a certain event will happen.
Let’s get Manchster United vs Liverpool game, if on one hand you back Liverpool you are saying that they will beat Manchester United and the game will not finish in 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 is, 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 what the bookmakers do.
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 bet by backing with £10 regardless the odds your risk (the amount of money placed) 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 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.
Here is an example of how this works: If you lay a horse with odds 5 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 pounds.
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. I 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.