LayStars

In a nutshell

Laystars is one of the top Bookies that BookieCity provides. It is powered by BetFair, a bet broker with 20+ years of experience, Betfair is the biggest betting exchange globally, offering the services of a traditional sportsbook; horse betting, sports betting and lay on horses.

There are two sides to every bet; someone betting on an outcome to happen (a back bet), and someone on the other side betting for an outcome not to happen (a lay bet). Typically, bookmakers represent the lay side, so they offer customers odds that they are willing to lay. But on the Exchange, customers can both back and lay themselves, and ‘matching’ bets with fellow bettors, not the bookmaker. Our lay bet calculator (end of article) shows you how the liability/profit works on lay bets.

Lay betting means betting on something not to happen.

How does it work?

Back betting means putting your money on something to happen – a horse or a team or a player to win, for instance. Lay on 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 favor.

In horse betting, with lay-on horses, you win if any other horse in the race comes first. If the horse you bet against wins then you lose and have to pay the backer his winnings, which could be a lot more than the stake. So be careful about how much you decide to lay.