Back and Lay in sportbook - page 2. | Bitcointalksearch.org

DoublerHunter

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Quote from: adzino on May 06, 2023, 12:38:13 PM

Quote from: Little Mouse on May 06, 2023, 10:39:39 AM

I'm not an expert when it comes to different terms in sportsbook and gambling. I usually place bets on X to win, X to score etc in cricket and soccer both. I have never seen the terms "back" and "lay" in any Casino. Maybe I didn't notice them. I joined a casino today and found both terms and I'm confused what should I do. It says back (1.03) and Lay (1.04). What does these terms mean? Any easy explanation?

A quick google would have answered your question. When you place a "back" bet, you are betting that the team is going to win. The kind of betting you do in most of the sportsbook where you bet in a team that you think will win and if they win, you receive your payout. "Lay" is exactly the opposite When you place a "lay" bet, you bet that this team isn't going to win. You become the bookmaker here. If the team does win, you will payout x1.04 to the players (that backed for that team).

~snip~

^Definitely right and it seems like this too, backing a selection (back) means betting on it to win, and laying a selection (lay) means betting against it to lose. The odds for backing a selection are displayed with a lower number, while the odds for laying a selection are displayed with a higher number. I think it is much better to check with the casino staff and ask them about this or read the rules of the game to understand how these terms are being used in that particular term. But I doubt that this term is also the same term used in poker (a bet, raise, call, and fold) which they are the same but this was used in betting.

bittraffic

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I have not seen this term also. Interested to know which casino this is. Since this is often used for fiat casinos then it probably is a fiat casino and has just recently adopted BTC.

It's a wonder though what is the difference between the casino to a regular crypto casino? Because they could just remove the terms to avoid confusion.

adzino

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Quote from: Little Mouse on May 06, 2023, 10:39:39 AM

I'm not an expert when it comes to different terms in sportsbook and gambling. I usually place bets on X to win, X to score etc in cricket and soccer both. I have never seen the terms "back" and "lay" in any Casino. Maybe I didn't notice them. I joined a casino today and found both terms and I'm confused what should I do. It says back (1.03) and Lay (1.04). What does these terms mean? Any easy explanation?

A quick google would have answered your question. When you place a "back" bet, you are betting that the team is going to win. The kind of betting you do in most of the sportsbook where you bet in a team that you think will win and if they win, you receive your payout. "Lay" is exactly the opposite When you place a "lay" bet, you bet that this team isn't going to win. You become the bookmaker here. If the team does win, you will payout x1.04 to the players (that backed for that team).

Quote from: swogerino on May 06, 2023, 11:48:58 AM

-snip-
I advise you to stop playing in such casinos as the terms are quite confusing even for me which I am playing from a long time,you should play in the casinos that have a great ANN thread here in this very section as by playing in those casinos you even risk even worse things,like not getting your money.Anyway if you tell us the name of the casino we can give better insights.

Why stop playing in a casino that offers something different? Those are not confusing terms. Those are terms that you didn't know. A quick investigation would clear things up.

swogerino

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Quote from: Little Mouse on May 06, 2023, 10:39:39 AM

I'm not an expert when it comes to different terms in sportsbook and gambling. I usually place bets on X to win, X to score etc in cricket and soccer both. I have never seen the terms "back" and "lay" in any Casino. Maybe I didn't notice them. I joined a casino today and found both terms and I'm confused what should I do. It says back (1.03) and Lay (1.04). What does these terms mean? Any easy explanation?

I have not seen such terms in reputable casinos and maybe the casino where you are seeing is not one of such but in most casinos where I play I only see money lines which should be the equivalent of back and I am assuming Lay should be the equivalent of Asian Handicap.

I advise you to stop playing in such casinos as the terms are quite confusing even for me which I am playing from a long time,you should play in the casinos that have a great ANN thread here in this very section as by playing in those casinos you even risk even worse things,like not getting your money.Anyway if you tell us the name of the casino we can give better insights.

dimonstration

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Dimon69

Back is the usual bet that we made on the sportsbook which the bet is directly to the odds.

Lay is you are betting on the opposite result to happened. Simply you are playing as the bookmaker side. I don’t see this feature on crypto casino that I use here in the forum. I only use this feature of fiat sportsbook that I’m using before probably crypto bookies usually provides all the bet type including the lay bet option as back bet.

Can you give the full context of the terms?

Little Mouse

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I'm not an expert when it comes to different terms in sportsbook and gambling. I usually place bets on X to win, X to score etc in cricket and soccer both. I have never seen the terms "back" and "lay" in any Casino. Maybe I didn't notice them. I joined a casino today and found both terms and I'm confused what should I do. It says back (1.03) and Lay (1.04). What does these terms mean? Any easy explanation?

Topic: Back and Lay in sportbook - page 2. (Read 202 times)