• Everything you need for your 'back to lay' hedge betting; with pace rated past runs, 'back to lay' specific ratings, race conditions, graphical views of information, odds movements, fast find shortlists, and comprehensive conditional filters enable you to find and order 'back to lay' hedge bets all in one place.
• This is a Betfair strategy based on a vast statistics research on many tennis tournaments, regarding matches where there’s a strong pre-game favorite. Pick games which had more than 10.5 games in the first set (6-4, 7-5, tie break), especially if the favorite manage to eventually win it.
• The Betfair exchange allows you place a bet on a particular horse and then hedge it when the odds fall, and we are using it to guarantee success regardless of the outcome of the race. A simple calculation will ensure that you make the same profit on every horse in the race.

• Betfair Hedging Calculator
• Betting Hedging

This article explains how to cover your bets at betting exchanges profitably, and we describe how to do so.

Hedging your bets. Time to talk about. Betfair International Plc is licensed and regulated by the Malta Gaming Authority. Licence Number: MGA/CL3/454/2008 17th March 2015, Triq il-Kappillan.

First of all, you have to know the concept of a “lay”-bet in which you bet AGAINST a certain outcome and you take up the position of book-maker. It is also known as “to sell the bet”. This strategy is important if you bet to protect your winnings. This is also called “hedging” or “arbitrage” where you try to profit from odds fluctuation.

At various betting exchanges (e.g. Betfair) it is possible to bet ON a team (“back”-bet) and, in case the team goes into the lead, to bet AGAINST the team (buy a “lay”-bet or sell the bet) and thus hedge against any outcome in the game. You would earn money at a Win, Draw and Loss – your bet is now safe and without any risk.

In the Back & Lay betting at Betfair article we offer a deeper inside on this topic.

Betfair Hedging Calculator

Examples of hedging/coverage bets

We now want to show you different examples on how to place your bets and hedge/cover them profitably:

1. Bet against a team (lay-bet) and hedge against it
Imagine a game between Bayern Munich and Dortmund. How about a “lay”-bet against Dortmund? (You bet AGAINST a Dortmund-win) In the event that Bayern Munich does not go into the lead after the first few minutes you can hedge your “lay”-bet with a “back”-bet ON Dortmund. Now you bet ON a Dortmund-Win and profit from the odds fluctuation because of the higher odds that Dortmund will get the further the game proceeds. Now you can relax and wait for the end of the game, because your bet is hedged against every outcome of the game.

2. Bet on a team (back-bet) and hedge against it
Of course you can do the same with a Draw. You bet AGAINST a Draw (“lay”-bet). After the first goal you bet ON a Draw since the odds for a Draw increase after a goal is scored.

3. Bet against a draw (lay-bet) and hedge against it

Of course you can do the same with a Draw. You bet AGAINST a Draw (“lay”-bet). After the first goal you bet ON a Draw since the odds for a Draw increase after a goal is scored.

Let’s say you bet 10 Euros on a Draw with odds of 3.0. Now your maximum Loss is 20 Euro. After the first goal the odds of a Draw increase to 5.0. At this point it is time to place your “back”-bet (e.g. 6 Euros) ON a Draw. Hence, this is what the whole scenario would look like:

After the first “lay”-bet:

Win Dortmund – 10 Euro profit
Win Bayern Munich – 10 Euro profit
Draw – 20 Euro loss

And now after the second „back“-bet:

Betting Hedging

Win Dortmund – 4 Euro profit (10 Euro win from the “lay”-bet minus 6 Euro stake “back”-bet)
Win Bayern Munich – 4 Euro profit (10 Euro win from the “lay”-bet minus 6 Euro stake “back”-bet)
Draw – 10 Euro profit (Odd 5.0 times 6 Euro = 30 Euro minus 20 Euro loss of the “lay”-bet)

Our Surebet strategy is another interesting way to optimize your game and create safe winnings.

Exposure is the worst-case scenario liability for each market, i.e. the greatest loss of funds the customer may incur based on any possible market settlement, held by Betfair to ensure the customer has sufficient funds come settlement time.

So these funds are is still in your account, it’s just not available for you to bet again until it is no longer needed to cover your potential liability in that market.

Multiple bets on the same market adjust the exposure whenever a subsequent bet is placed and, exposure can be reduced/released as a result of an opposing bet.

Unlike a traditional Bookmaker, a Betting Exchange holds the customer’s exposure on a market rather than debiting each individual bet from their total account balance (Account Balance).

This is required to accommodate functions unique to a Betting Exchange such as the placing and editing of unmatched bets, and the trading on markets by placing Back and Lay bets on opposing selections. At all times, a customer’s exposure is subtracted from their Account Balance to form their balance that is available for bet placement (Cash Balance).

The Cash Balance is viewable at the top of all customer interfaces and is an accurate representation on how much money the customer has available to spend. It’s not until market settlement that the Account Balance itself, as viewable in the Account Statement, is credited or debited with the final settlement value.