Hi folks,
I recently had a conversation with @sygambler about
betting exchange services, when he mentioned about orbitexchange (I personnally use Betkeen (Easysportbet) but both have the same odds I believe).
So if you have been familiar with betting exchange to bet on sports, you should know about
Back odds and
Lay odds.
As an experienced user of Betfair, I recently made my own odds table, the purpose is simply to know
in which case Laying is more profitable than Backing, and vice versa.
So in this table, you will find the equivalencies.
I'll explain:
Back @ 1.10 is the same as Lay @ 11
Back @ 1.25 is the same as Lay @ 5
Back 1.40 is the same as Lay @ 3.5
etc.
However, in some cases, on two outcomes events, it is possible to see that Laying will be more profitable than Backing.
Just an example here:
If you think Alexander Zverev will win, it is more profitable to place a Lay bet on his opponent.
If you
back Zverev @ 1.05 for a stake of
1000 EUR, you will win
50 EUR (commission excluded)
But if you
lay Mahut @ 19, for the same risk of
1000 EUR, you will win
56 EUR (commission excluded)
This is a sample of my table:
I uploaded the file, and it is now at disposal of the community.
You can download the odds table here >
https://files.fm/u/pqd5nvba(If the file is no longer available, just send me a PM and I'll send it to you)
Best of luck all!