1.What is a Lay Bet?
A lay bet means betting against an outcome happening—e.g., wagering that Team A will not win. On an exchange like Betmatch, users lay bets with each other, effectively acting as the bookmaker
2. How to Place a Lay Bet on Betmatch
- Log in to your Betmatch account and ensure your wallet is funded.
- Locate the event/market using search or navigation menus.
- Click the pink “Lay” odds next to the outcome you want to lay
- Enter your stake—this is the amount a backer could win if your lay bet loses. Check the automatically calculated liability, which is displayed clearly
- Place your bet by clicking the blue button that shows “Place Bets.” It will match immediately if there’s liquidity at those odds; otherwise, it may sit unmatched until matched or the market opens
3.What Is Liability?
Your liability is the amount you must pay if the outcome does occur.
Formula:
liability = (stake × odds) – stake
Example: If you lay £10 at odds of 4.0, liability = (10 × 4) – 10 = £30
4. What Is Liquidity?
Liquidity shows how much money is available for backers at your chosen odds.
- If your stake exceeds available liquidity, only part will match.
- Unmatched portions stay pending until matched or the market starts