Betfair for beginners series – Lay Bets
A lot of punters don’t quite understand how lay betting on Betfair works. In this Betfair for beginners video, I try to explain the basics of lay betting. Most people understand betting on something to win. This is betting on something to lose and is identical to what a bookmaker does, when they take your bet.
With a bookmaker, you are betting to win, they are betting to lose, so with Betfair, you can be the punter, or the bookmaker.