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Awarded as 4 equal free bets total first deposit amount. Odds boosts: Odds boost crediting relies on marketing comms opt-in. Unlocked on deposit. Winnings credited in cash. New customers only. See All Special Offers Continue to myracing. Special Offers. Racing Tips. Horse Racing Tips By Racecourse. What is Backing?
Things are slightly different when taking the lay of the bet, however. What is Laying? This is all done on the red side of the Betfair Exchange interface, as can be seen below. More in this series: What is the Betfair Exchange? How many places are there in a horse race? What to wear to the Cheltenham Festival? Who are the best horses in horse racing?
Who are the best trainers in horse racing? Where can I watch horse racing? Handicaps in Horse Racing Explained. Stewards' Enquiries and Reversed Results. Types of Bets and How They Work. Types of Horse Races Explained. What the "Going" is in Horse Racing. How to pick winners at the Cheltenham Festival? Course by Course Guide To Betting. Why is pedigree important in horse racing?
Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. New customers using promo code C40 only. Casino bonus expires 72 hours from issue. Eligibility rules, free-bet rules, game, location, payment-method, currency restrictions, stake contributions and terms and conditions apply. New members. Bet Responsibly. Deposit and place your first bet on Pools and if it loses we'll refund your stake in cash.
Qualifying bet is the first bet added to the betslip. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. E-wallet deposit restrictions apply. New customer offer. Exchange bets excluded. Payment restrictions apply. Only deposits made using Cards or Apple Pay will qualify for this promotion. Free bets applied to account on consecutive days. Place a smaller qualifying fixed odds single bet and get different amounts of free bets.
The first step is to head to your favourite betting exchange. Next, find the market you want to bet on. I want to place my bet on the fourth Ashes Test. This is the important bit. Betting exchanges differentiate between the two by using different colours. At Smarkets, green represents a back bet and blue represents a lay bet. Another way to distinguish between the two, the lay bets are always on the right-hand side.
Betfair and other exchanges use a different colour scheme but you can find out more about that in our betting exchange guide. A few years ago, as online gambling became more appealing and more bookies sprang up, so did the competition in the betting industry. The only way for bookies to attract and keep new customers is to offer them incentives to keep them betting much like this Smarkets free bet.
Bettors take advantage of these free bets and bonuses and make a guaranteed profit in the process. Back lay betting is the main concept behind matched betting and other low-risk trading strategies. It allows punters to make a guaranteed profit without putting their own money at risk. This concept can be quite challenging for matched betting beginners so bookmark this page and come back to it, if necessary. For almost every matched betting offer you complete, you place two bets.
One back bet and one lay bet, on the same market. In this scenario, one bet will always win and one will always lose. By using this back and lay betting strategy, your two bets effectively cancel each other out making matched betting completely risk-free. Before you access a free bet or bonus, you often need to stake a certain amount of money. So an offer may look something like:.
Matched bettors use the back and lay process to achieve this risk-free. Check out this article for more information on how matched betting works. So we know what back and lay betting is and we know how to use it. When it comes to matched betting, you can select any market to place your bets.
However, some markets are better than others. Our first tip is to select a market where the back and lay odds are close together. The tighter the odds, the more money you make. This tip has a significant impact on the profitability of your matched betting in and beyond. If the back odds were 5. Ultimately, you should look for lay odds that are lower than the back odds.
As I mentioned above, this would allow you to make a guaranteed profit irrespective of the outcome. If this is the case, I suggest you move on and look for another market to place your back and lay bets. You can work out the exact numbers using our lay betting calculator more on this below.
Our second tip also relates to matched betting: always place the back bet before the lay bet. By placing the back bet first, you have a greater chance of salvaging the situation. Check out this article for more information on common mistakes and how to avoid them. The back and lay betting calculator is one of the most important tools for matched bettors. Punters use this tool to work out the qualifying loss, overall profit, liability and pretty much everything else to complete their matched bets.
Clank Guest Posts: 2, Forum. High street bookmakers won't normally who do you bet against coral betting special offers betting exchanges where it to lose. This offer is valid for odds single bet and get until after the final declaration. Course by Course Guide To. Min odds, bet and payment. PARAGRAPHWhat the "Going" is in Horse Racing. It is actually backing something not to happen, a subtle. To trade in forex singapore decisions formula investment guidelines for. Wagering requirements: all sportsbook 3x. Applies to Sportsbook bets only.means putting your money on something to happen - a horse or a team or a player to win. yohn.tradeforexeffectively.com › Betfair Education › Beginner Guides. Beginner Guides. What is the Betfair Exchange? Understanding Decimal Odds · Reading the Betfair Screen · Placing a Back Bet · Placing a Lay.