One of the biggest difficulties for beginners in trading is to understand the concept of lay. When we talk about betting, many people believe that they will place a bet on the lay odds, multiplying each other and finding their winnings. Big mistake! When you bet on lay, the amount you enter is not your bet, but what you want to win.
And it is according to what you want to gain that something that we call responsibility results from. As we have said a few times, at situs poker online terpopuler you don’t bet against the house, but against other bettors.
So, when betting on lay we assume the role of the house, and the quotes that are there (or that we insert, because we can define our quotes), will be our responsibility.
- And how to calculate your liability at Betfair?
- How do we know the amount we really bet when assuming a layout?
The calculation is very simple, check it out:
- Responsibility = (Odds lay -1) * amount you want to earn.
- In short, just decrease 1 of the entire quote on the lay and multiply by the amount you want to profit.
Example:
Today we have a match between Liverpool vs Basel in the Champions League. Let’s assume that, based on your analysis, Liverpool will not lose this match. So, you want to invest good money against Basel. The odds of the lay in the Swiss club are 5 $, and you think that a good value to be won in this match is 50 $. So, what would be the value of your responsibility?
Responsibility = (Odds lay -1) * amount you want to earn
We have:
- Responsibility = (5 – 1) * 50
- Responsibility = 4 * 50
- Responsibility = 200
- So your responsibility for that game is $ 200
It is not a low value, which makes us conclude that the higher the odds, the greater our responsibility.
What if instead of laying out Basel, we do the home team?
Using the formula
- Responsibility = (Odds lay -1) * amount you want to earn
- We have:
- Liability = (1.84 – 1) * 50
- Responsibility = 0.84 * 50
- Responsibility = 42
- So your responsibility will be $ 42, and if Liverpool don’t win, you will win $ 50.
There are many punters who use the strategy called (Lay the Draw), when they take a game in which they believe they will have many goals and bet against the tie. Some use protection with a 0x0 back, but that is already a topic for the next posts.
Understood then how to calculate your responsibility?
Whenever you see lay odds, decrease it 1 and multiply it by the amount you want to win. So you will know your responsibility.
After the general analysis made with the leaderboard, it is time to pay attention to the shape of the teams. When you click on a particular match, the site will open a range of statistics.
