In this video I'm going to explain the fundamental principle behind Betfair trading and discuss common. Lay Betting is the option on Exchanges such as Betfair where punters can play the role of a traditional bookmaker but offering odds to sell a bet instead of the. Betfair the betting exchange is now an established way to bet on popular sports. Initially Betfair turned the betting world upside down. Traditional bookmakers. Both are bets but opposing views. Let's Compare Bets have written a review of my service. If you are right and the team you have bet against loses or draws, then your lay bet wins. As an exchange, if you place a bet on a football team before the start of a match, by using a sports exchange such as Betfair, you will be able to change your position during the game. In a two-horse race, backing one side means you are laying the other. Imagine two guys betting a pint on the Merseyside derby - one cheering Everton, one cheering Liverpool. For some, the Betfair Premium Charge is a sign of greed for a company that is virtually certain to make profits due to its status as the leading betting exchange in the UK. But if you think they are not going to win - so they will either lose the game or draw it - you can place a lay bet against Manchester United. Betfair is a betting exchange - an online marketplace for punters to bet against themselves on sporting and cultural events around the world. Your mate will pay you every time it lands on six. A key benefit of online betting exchanges is that they typically offer better odds than a traditional bookmaker, which is vital for a football trader who needs to find the best possible odds for a bet. Email will not be published required. Comment Name required Email will not be published required Website.