How does a betting exchange work? A guide to back and lay
How are odds formed on exchanges, what is the difference between back and lay, and how is commission calculated? A short guide for beginners.
9 November 20261 min read
A betting exchange is a marketplace where players bet against each other. In this article we explain how back and lay bets work, with examples.
Back bet
Betting that an outcome will happen.
Lay bet
Betting that an outcome will not happen; here you take the bookmaker’s role.
Commission
Commission is only deducted from net winnings.
