How To Make Profit from Dafabet Id?
Once you've submitted your request in Dafabet Id, in this case a €50 stake at odds of 2.66, you must wait for another exchange user to 'lay' those odds, which means they will basically be acting as a bookmaker and offering you that odds. Your wager has been matched when another user is ready to lay those odds. If Tottenham wins, you win the bet and receive €83 from your opponent. If they do not win (either Chelsea wins or the match is a draw), the opposing user will collect your stake, just like a traditional bookmaker would.
Lay Betting: What Is It and How Does It Work?
Similarly, there are two methods for laying. To begin, you might just lay at the odds that have already been requested. In this example, we can see that €229 is being asked for odds of 2.99 for a Chelsea victory. If you believe Chelsea's chances of winning are lower than those odds indicate, you can lay them, serving as a bookmaker for the punter/s seeking such odds. Assume you wish to bet €50 at those odds. Simply click the 2.99 window and input the stake you want to place, in this example €50.
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Betting Exchange Stakes, Obligations, and Requested Odds
Here you can view your stake as well as your obligation. What exactly does this mean? Simply put, if Chelsea wins, you will pay out €99.50 to opposing users. When you click the confirm tick, your lay bet is matched. If Chelsea loses (or Tottenham wins or the game is a tie), you will pay the opposing users €50, just like a regular bookmaker would.
You can also request odds that you are willing to lay. The blue back windows effectively depict this. These are the odds that users of the exchange are willing to take. In this case, we can see that €5,626 people are willing to lay the draw at 3.46. They are waiting for other exchange customers to back the draw at those odds. You can place an order and wait for it to be matched if you want to lay the draw at those odds. You can also place an order to lay odds less than 3.46, as shown in this example, where €2,813 is willing to lay the draw at 3.44.
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Placing Back and Lay Bets on Dafabet Id
We choose the odds we are willing to offer and the stake we are willing to accept once more. Our lay bet is submitted once we hit the confirm tick. We must then wait to see if this offer is matched. If it is matched, we will pay out a total of €122 if the match ends in a draw. However, if either Tottenham or Chelsea win the match, we will collect the opposing punter's €50 stake, just like any other bookmaker.
At Dafabet Id, you may learn more about the specifics of backing and laying a bet.
How Can You Make Money from Betting Exchanges?
We are willing to bet €50 on Tottenham to win at odds of 2.57. When you confirm your stake, your bet is matched. If Tottenham wins, the opposing exchange user will pay you €78.50. If Tottenham loses (Chelsea wins or the game is a draw), you lose your €50 stake, exactly like a typical pre-match gamble with a bookmaker.