What Colour is lay bet on smarkets?

Is blue lay on Smarkets?

You can place a lay (against) bet by selecting the odds in the blue box. When clicking on the blue box, the contract you chose will appear on your betslip on the right side of your screen. When placing a lay bet you are betting for an outcome not to happen – for example betting that Liverpool will not win the race.

How do I place a lay bet on Smarkets?

How to place a lay bet. To place a lay bet on Smarkets simply select the odds in the blue box as displayed below. In doing so, the odds currently in the box will be selected. Your bet against Cape Islay at 4.5 will, therefore, win if any other horse wins the race.

Is Smarkets a bookmaker?

Industry-low commission

To facilitate peer-to-peer betting on the exchange, Smarkets charge an industry-low 2% commission on net market winnings only. … Unlike a bookmaker, each bet has a winner, meaning Smarkets do not build a big margin into the odds.

What is the return on Smarkets?

Commission is the fee Smarkets and other betting exchanges charge to facilitate peer-to-peer betting on an exchange. Smarkets charge a flat commission rate of 2% on your net winnings for any given market.

How do lay bets work?

Lay betting means betting on something not to happen. For example, if you lay a football team to win your bet will be settled as a winner if the team loses or if the game ends in a draw – so two outcomes are playing in your favour.

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Can you cash out a lay bet?

Betfair Cash Out allows bettors to achieve a profit or loss before an event has finished. The calculations are done automatically to offer you a real time value of your bet based on their live market prices and with a single click you can accept a “Cash Out”.

How do you win a lay bet?

A lay bet is actually betting on the odds of non-occurrence of an event. You don’t want an event to occur, and you are putting your money on such odds. When the even doesn’t occur, such as a team does not win a football match or a horse does not win a race, you win a profit margin on your lay bet.

What is difference between back and lay?

In a way, a lay bet is the stark opposite of a back bet. While in a back bet, you essentially say “this horse will win”, in a lay bet you are betting that a particular horse will not win. … Depending on the specific bet, you may get better paying odds in either of these types of bets.