If you’re new to the world of online betting, terms like “back” and “lay” may seem confusing. But fear not, because we’ve got you covered! In this article, we’ll demystify these terms and show you how to make the most of “back” and “lay” betting on JeetBuzz.
Understanding Back and Lay Betting
“Back” and “lay” bets are two different types of bets you can place on JeetBuzz. Let’s break them down:
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Back Betting: When you place a “back” bet, you’re betting in favor of a particular outcome. It’s like playing the role of a bookmaker. If your bet wins, you receive your stake plus the winnings. However, if your bet loses, you’ll have to pay out the winnings to the person who placed the opposing “lay” bet.
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Lay Betting: On the other hand, when you place a “lay” bet, you’re betting against a particular outcome. In this case, you’re acting as the bookmaker. If the outcome you bet against happens, you win the stake of the person who placed the “back” bet. But if the outcome happens as predicted, you’ll have to pay out the winnings to the person who placed the “back” bet.
How to Place a Lay Bet
To place a lay bet on JeetBuzz, follow these simple steps:
- Choose a market and select a specific lay bet.
- Click on the best lay price/odds available.
For example, let’s say a team has odds of 2.42 to win. You decide to place a lay bet of ₹100. This means someone else has staked ₹100 on the team to win. Your liability in this bet would be ₹142. If you lose the bet, your balance will be deducted by ₹142, but if you win, you’ll receive ₹100 from the person who placed the back bet.
Potential Profit and Loss
Here’s how the numbers play out:
- Potential Profit: ₹100 (if your lay bet wins)
- Potential Loss: ₹142 (if your lay bet loses)
It’s important to note that JeetBuzz charges a commission fee on every winning bet.
Get Started on JeetBuzz Today!
Now that you understand “back” and “lay” betting, it’s time to put your knowledge to the test on JeetBuzz! Remember, practice makes perfect, so start small and gradually increase your bets as you gain confidence. Happy betting!
Still have questions? Check out the video below for more information:
Note: JeetBuzz charges a commission fee on net winnings from each market.
