BACK/LAY Question...

[TigerCat_Tania]

LOL... remember this is a NO BS forum so no comments on the title... LMAO

In seriousness tho... what does BACK and LAY mean when looking at 'exchanges'...

What does one have to look at... and can someone give me an example...

Much thanks...

[darealist2]

[jaypasco]

you just said back lay. holy ****

[Dr. Jack]

Guys - She asked a serious question. If you can't handle it - don't bother responding.

[TigerCat_Tania]

I knew there would be trouble with the question... LOL

I think BACK and LAY is a form of Hedging for a guaranteed winner...

I know it's used in horse racing... I've heard the term alot for that purpose but I am now seeing it in some sportsbooks I go to for lines review...

I've also heard of back and lay in Arbitrage betting... which I always thought arbitrage was for investing in something...

I suppose not many people have come across this... hopefully someone has and can explain it, all the definitions I have found are all different...

I would like to try it for the Olympics only...

[Romanowski]

read the Mansion tutorial

[TigerCat_Tania]

ok I read it...

I understand the Mansion Exchange... i think... LOL

but back and lay seems to be laying bets on both sides... potential payout could be more then a single SU bet... this is from what I have read when I do the bet lay calculator...

I think maybe the only way for me to understand it is to just try it...

[Romanowski]

lets say Pitt is playing SD

sometimes you can find

Pitt - 4 +122 at say pinnacle
SD + 4 -104 at mansion

im not sure about terminology of "bet, lay"

[TigerCat_Tania]

nah, this is all within one sportsbook...

Let's say i use decimal odds...

game 1
team a 2.5 odds
team b 1.4 odds

I would have to bet 10$ to back up team a and I would have to lay 17.86$ on team b... by return would be 25$ , profit of 7.86 no matter what...

but if... I want to back up team b
team b 1.4
team a 2.5

I would have to back up team b with 10$ and I would have to lay 5.60$ on team a... my return would be 14$ and my profit would be 4.40$...

So my question is am I losing money in the long run by this method? Again I say I want to do this for the Olympics only...

[skippy]

Originally Posted by TigerCat_Tania

nah, this is all within one sportsbook...

Let's say i use decimal odds...

game 1
team a 2.5 odds
team b 1.4 odds

I would have to bet 10$ to back up team a and I would have to lay 17.86$ on team b... by return would be 25$ , profit of 7.86 no matter what...

but if... I want to back up team b
team b 1.4
team a 2.5

I would have to back up team b with 10$ and I would have to lay 5.60$ on team a... my return would be 14$ and my profit would be 4.40$...

So my question is am I losing money in the long run by this method? Again I say I want to do this for the Olympics only...

You need to talk to BDQH.

[skippy]

Originally Posted by TigerCat_Tania

.....I think BACK and LAY is a form of Hedging for a guaranteed winner...

I know it's used in horse racing....

People actually talk like that at Flamboro??

[TigerCat_Tania]

Skippy... who/what is BDHQ?

In terms of Flamboro I dunno... I know when cup races or high stake races are at Woodbine some people from what I noticed bet on more then once horse for SU first at the machines or different tellers... I also do this... But from my knowledge I don't think they have this back/lay option at the track... I only see it online at certain internet sites...