Know Back and Lay Meaning in Cricket Betting where you bet against other bettors to predict whether a team will win or not. Learn with examples and 3 bonus tips.
Cricket betting is one of the famous sports to wager on in sportsbooks like M88 Mansion. But did you know there are forms of betting on cricket? One such form is the Back and Lay betting that usually happens in betting exchanges. The Back and Lay betting form is simple to understand with our helpful explanation with examples below. So, be sure to read on till the very end to gain insights on the 3 helpful strategies that can enhance your back and lay bets in cricket betting.
What is the Back and Lay Meaning in Cricket Betting?
Jumping straight to the topic, let us explain what is the meaning of Back and Lay in cricket betting. This betting form is usually available on Exchange sportsbook wherein you wager against other bettors instead of wagering against the sportsbook. Here, if you lose a bet you stakes go to other bettors betting against you. Similarly, if you win a bet, you earn the stakes of those who lost against your bet.
In short, Back and Lay meaning in cricket betting is simply wagering one two outcomes wherein you either Back a team or you Lay off a the same team. This is not a betting option but more of a form of betting wherein there are two ways to place a wager:
Back Bets: This means you are backing up a team by predicting they will win the match.
Lay Bets: This means that you are laying off bets on a team by predicting they will lose the match
To know more about the back and lay meaning in cricket betting online read on as we provide you with simple examples of both, the back bets and the lay bets following by bonus M88 Betting Tips to win.
Example of Back bets in Cricket betting
To help you further understand what is Back and Lay meaning in Cricket betting, let us take a look at an example of Back bet followed by Lay bets. Here, we have example of the Back bet wherein we will be backing up either one of the teams mentioned in the example below. This means you wager to predict that either of the teams below could win the match.
Example 1: Back Bets placed on South Africa
This means you are backing South Africa by predicting they will win the match.
If South Africa wins the match, then you will get betting stakes of those who lost as payout.
However, if South Africa loses, then your betting stake will be lost and given to those who bet against you.
Example 2: Back Bets places on New Zealand
Similarly, if you wager on New Zealand in the Back and Lay betting form, then you are backing New Zealand to win.
If they lose the match, then your betting stake is lost and provided to those who wagered against you in the sportsbook.
But if you win the back bet then then you will receive payout returns from the betting stakes of those who bet against you.
Example of Lay bets in Cricket betting
The next section will cover up examples of the Lay bets in Cricket betting. Lay cricket betting means that you are basically means that you are wagering to predict that a team is not going the win the match. This can occur for various reasons but in sportsbooks, when you place a lay bet you place a wager against those backing up the team.
Example 1: Lay wager on the possibility of North West losing
Here, you wager by placing a bet on the possibility of North West losing the match.
To win the bet, North West must lose the match, and once done you will get payouts from the stakes of those who wagered against you.
If North West wins the match, then your betting stake would be lost.
Example 2: Lay Bets placed on Titans losing the match
If you wager on the possibility of Titans Losing in the Back and Lay betting form, then you are laying off Titans to lose the match.
If they win the match, then your betting stake is lost and provided to those who wagered against you in the sportsbook.
But if the team loses the match, then then you will receive payout returns from the betting stakes of those who bet against you.
3 Strategies to use when playing Back and Lay in Cricket betting
The Back and Lay form of betting is somewhat difficult to understand since the odds of the bets as well depends on how many people wagered on a sub-bet. So, here are 3 helpful strategies to help you place accurate betting decisions in the sportsbook when it comes to Back and Lay in Cricket Betting.
Play with Progressive systems like the D’Alembert method: The first thing is to make use of D’Alembert betting system wherein you must increase the stakes by one unit after a loss and decrease it by one unit after a win to earn back some of the lost stakes as part of the payout returns.
Make use of betting charts and previous match statistics: In sportsbooks, you get statistic charts that come in handy to predict whether a team if going to win a match or not that come in handy since the betting odds in back and lay betting are not very reliable.
Avoid wagering in huge betting stake amounts: Lastly, it is best to avoid wagering in huge betting stakes so that you do not overspend when playing the back and lay betting in cricket matches. Here, you must ensure you wager mindfully and begin betting with low stake amounts to maintain profits.
Conclusion
Rather than wagering on which team will win the match, the Back and Lay Meaning in Cricket Betting basically is that you wager to predict whether a particular team would win the match or not. To know more strategies on Back and Lay betting method in cricket matches, and other sportsbook insights, betting guides for beginners, and more, keep visiting the 88MYR website.
