Your back stake — the figure that you enter into the back stake box — will be the value of the bet that you place at the bookmaker. Therefore, you put 1. For most people this is just a box that makes the calculator look more complicated!
The Lay Odds are the odds that you have laid your bet at on Betfair, for example Manchester United could have been 1. So, you put 1. The commission on other exchanges can vary, so be sure to update the commission accordingly if you decide to use a different site. Calculating Your Free Bet. There will be very few occasions when you need to use Free Bet SR , so personally I would never worry about that option for the time being. Remember to use your free bets at higher odds — between 4.
Heinz Calculator. Canadian Calculator. Our lay bet calculator is straightforward to use, and quite literally you are only requested to do 3 things:. 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 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 the regular bookmakers like bet, you are backing a selection, which means that a certain event will happen. 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. 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.
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. 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. 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. 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 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.
Also, if you are not in front of your PC, the calculator will cover you - it works on any mobile devices or tablet, so feel free to use and enjoy our Lay bet calculator! Bonuses and Free Bets. Tips and Predictions. Betting Odds.
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The lay bet calculator works out the most effective lay stake to minimise your loss from this bet. Use this bet type when you have a free bet from a bookmaker or betting exchange. The calculator works out the lay stake to maximise your profit from the free bet. Our matched betting calculator also allows you to differentiate between a stake returned free bet and a stake not returned free bet.
This added functionality ensures you maximise your profit from every free bet out there. However, the stake returned box can generally be left unchecked. If your refund is in the form of a free bet, you need to multiply the back stake by 0. The risk-free bet calculator will work out the optimal lay stake to maximise your profit from this bet. Commission plays a big role in matched betting and you have the option of altering this figure in our lay bet calculator.
If you use another betting exchange like Betfair you can simply alter this amount accordingly. Unlike other matched betting calculators our back lay calculator lets you alter the back commission. This is useful if you want to place a back bet at a betting exchange. The calculator has a default value of zero for the back commission so change it accordingly if you need to.
Our first tip is to always use the back lay calculator. As you progress with your no risk matched betting and become more experienced, you may feel you can calculate your own stakes. Arguably you probably could, however, this is something I would strongly avoid doing. It can lead to costly, unnecessary mistakes which could impact your profitability. The matched betting calculator is an awesome tool.
However, it only works out the optimal results based on the numbers you input what you actually enter into the calculator. One slight mistake could significantly alter the outcome of your bets and potentially leave large amounts of profit on the table. If you like using multiple betting exchanges, always double-check the exchange lay commission rate.
However, you can change this as and when you need to. For more awesome matched betting tips , check out this article. The next step is to enter the odds into the calculator. This is what the back lay calculator should look like now:. This entire process would be considerably harder without the use of the risk-free bet calculator. However, for some beginners, starting no risk matched betting can be a challenging concept.
There are plenty of new concepts and key terms to get your head around. Back and lay betting Matched betting key terms Matched betting for dummies. Same Market Cross-Market. Same-exchange Trading Like financial traders, you can make immediate profits by betting on the direction of price movements on betting exchanges. All you have to remember is to lay first and back later at the higher price if you expect a price rise.
Likewise, if you expect a price to fall or shorten, you'd back first and then lay off later at the lower price. Select Same-Market. Enter the Stake and Price of the bet that you've placed. Enter your target exit Price. Enter your Commission rate default value is 5. The calculator displays the stake you should use to exit the trade for an immediate level profit.
Same-exchange trading example The example below assumes that you had originally layed at 1. You now want to place an order to back the same selection at 1.