The meaning of lay odd and back odd

Back odd mean yes to a selection that they will win

Lay odd means No to a selection that they will not win

Stake is the money you want to risk for a selection

And the calculation is

What is the Lay Depth

The Lay Depth is the total amount of money that has been risked against a selection. For example, the Lay Depth for Arsenal to win Barcelona is $8,000 this implies that a total of $8,000 has been risked against Arsenal winning the match.

What is the Lay Odd

What Is the Back Depth  

The Back Depth is the total amount of money that has been staked on the Backing Selection of any given market. For example, if the Back Depth for Arsenal to win Barcelona is $2,000 it means that the total amount of money that has been staked in favors of Arsenal to win Barcelona is $2,000.

What is the Back Odd?

The Back Odd is the figure that determines how much you should win when you stake on that selection. For example, if the Back Odd for Arsenal to win Barcelona is 3.00,and you back Arsenal with $10.00,your net win should be,[(10 x 3.00)-10] which is $20.00,if you observed, for any particular odd, you should win [(Odd x Stake)-Odd], where Odd is the Backing Odd and Stake is the amount you risk.

How do I back a selection?  

Once the markets display, you can click on a selection to the left to back. NairaStake allows you to accumulate up to 5 selections while backing. Your overall odd is usually the product of the individual selected odds. Adding more selections increases your profit but will reduce your chances of winning. You can accumulate between a minimum of one to a maximum of 5 selections. However, note that for you to win, all your selections must win. If even one of these selections fail you, you'd lose your money. You can accumulate selections from different markets from different events. You cannot accumulate up to two markets from one event. You can only do this in separate bets. For example, in one accumulation, you cannot say "[1]Manchester wins" and "[2]Manchester must score" as these markets belong to one event. You can however say "[1]Manchester wins","[2]Burnley scores","[3]Arsenal vs Liverpool ends at [0-0]".