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What is back and lay in betfair.com

Most of the punters ask me what is meant by Back (LAGANA) and Lay (KHANA) in betafir exchange, so I decided to write an article about the same. In simple words "back" means we are backing a team/player to win and "lay" on the other hand we understand backing against the team/player to loose the match.

We are taking an example to understand it clearly. In our example we are taking 2 teams lets say Mumbai and Kolkata. The Blus box u see is for Back (lagana) and the pink box u see is for Lay (khana). We see the rate of Mumbai back is 1.77 that means if we bet $10 on Mumbai we get a return of $7.8 and if we place $10 back bet on Kolkata at 2.28 we will get $12.8 in return.

Steps of Uploading the Funds From India to Any Online Beting Websites

Now lets come to the "LAY" part. Laying bets sometimes causes controversy because you are betting on someone/something losing. We normally use lay when a team comes at a lower odds. For example in the above picture we see the lay odds of mumbai is 1.78 which means if we place a $10 bet @1.78 odds our liablity will be 7.8$ and if we win then we will get $10 in return. More the lower odds is Lesser is our Risk.

In the below image u can see one is mumbai back (bet for) in blue colour and another is Lay (bet against) in pink colour. In the back the odd is 1.77 when we say 77p in our local term. this means if we place a bet of $10 we get a return of $7.70 on the other hand if we lay Mumbai @ 1.20 odd with $10 then our liablity will be only $2and if mumbai lose the match then we will get $10 in return. Lay is best for low odds match in which we can make more profit with less risk.

Steps of Uploading the Funds From India to Any Online Beting Websites

Main ab hindi me samjhane ki koosis karta hun:

Back matlab Khana and Lay matlab Lagana. Back hum us team ko karte hain jis team ko hume jeetana hota hai and Lay hum tb use karte hain jb us team ko harana hota hai. Back to hum kisi bhi team ko kabhi bhi kar sakte hai but lay ko use karne ka sbse bada faida hota hai low odds me. Jaise ki upar ka example dekhya gya hai ki Mumbai Lay ka rate 1.2 hai to agar hum mumbai ko Lay karte hain $10 se to hamara risk kewal $2 ka hoga and agar mumbai win hoti hai to hume $10 ka profit milega.

 

Lay low odds me karna chaya jis se hamara Risk kam ho and profit jayda ho, main bar bar yahi kahunga ki aap log har match me trading kiya kro na ki betting. Trading and Betting me kya kya difference hai ye janne ke lia aap plz ye article padho: Trading not Betting.

If you are Interested in Opening Neteller Account then click here : Open Neteller Account.

SUMMARY:
To start betting from India you just need to follow 4 steps.
1. Sign up at Neteller.com for e-wallet purpose:
Free to sign up - Just need to fill correct details while filling the forms and uplaod your documents (Driving Licence/PAN Card/ Passport) for verifying your account which take 3-5 working days.

2. Sign up at Online Betting Websites:
I Highly recommend to sign up at bet365.com and betfair.com for online betting purpose. After signing up at these websites you need to verify your accounts by uploading your documents in which your Date of Birth and your resedential address is mentioned. (A person can sign up only when he/she is over the age of 18). 18+ | T&Cs apply

3. Funding Your e-wallet account from your Card:
You need a Bank for uploading funds to your e-wallet account. I highly recommend to use ICICI bank, ABN Amro or HDFC bank for such purpose.

4. Funding to online betting website from e-wallet:
Once your fund is available at your e-wallet account then you can easily transfer the funds to your betting website. You just need to login to you betting website then the go to the deposit options then fill the neteller account ID and then confirm it. Once the funds arrives to your online betting website you are ready to play.

I would suggest you to read golden rules of online betting before you start betting online.