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back – betting on a team or horse to win (or an outcome to eventuate); lay – backing against a team or horse (or against an outcome); trade – you trade bets by. 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. Trading on Betfair – How to make a fortune? · We place a LAY bet when we think that the odds are too low and the possibility of the result is.
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