Monday 23 July 2012

How can you lay a selection

How do I lay a selection? [ If you lay a selection, you imply that that selection would not win. For example, if you lay Manchester United in "Manchester United vs Chelsea", you would win if Manchester united fails to win. That is, if Chelsea wins or the match ends in a draw, you win. Note that you stand more chances of winning while laying than while backing selections, but your risk high while laying than backing. Your liability is usually what the backer stands to win and your profit is usually what the backer stands to lose. For example, if in a match involving Real Madrid and Barcelona, the odds for Real Madrid to win stands at 2.10 and the odds for barcelona wins stands at 2.30, when you back Real Madrid to win, your net profit is calculated thus,((Stake x odd)-Stake).If you back Real Madrid with $100, your net profit becomes ((100 x 2.10)-100)=$110 and you risk losing $100.In other words, after placing your bet, $100 leaves your account but if you win, a total of ($100+$110) returns to your account. If you however lay Real Madrid with $100, you Lose ((100 x 2.10)-100)=$110 and stand a chance to get a net profit of $100 which is exactly your stake. So, you would only win exactly the amount you stake. This simple principle matches both the backers and layers hence, the name,” Exchange Betting". NairaStake offers you the opportunity to also accumulate laying bets. Remember that in backing, as you accumulate bets, your profit is determined by the odds of each member of the accumulation. In laying accumulators, your liability is determined by the product of all the odds you are laying. So, the more you accumulate events to lay, the more your liability and the more your chance of winning. You can also lay up to 5 events in laying accumulators, but unlike in backing accumulators where you only win if all your selections win, in laying you win if at least one of your selection happens. If you select 5 events in your laying slip and one or more events happen, you win back your stake. It’s also important you know that laying markets for different selections are never available until there is a backer for that selection. Hence, you may notice some selections that have no laying options; this can only be a consequence of nobody backing it. Your stake is also regulated in layings.This regulation is based on the amount of money that is yet unmatched at the backers end. If for instance, about $1000 has been staked in favour of Bayern Munich to win a match, and nobody has yet laid bayern munich, it means you can lay bayern munich with as much as $1000 in one single bet at a time. How do I place bets in Other Markets? When you click on, 'Exchange Markets' all matches available for the exchange load and underneath each match you'd see,’ show all markets for...'. When you click on this for any of the matches, the available markets for this match loads on the right hand side of the page. The available markets for any match is dependent on the kind of match(viz knockout, normal). For instance, a knockout match would not have the 'Draw Selection’. The market data which loads to your right, shows the amount matched already for the match and for individual markets.

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