Interesting promotion odds at Betfair

[sufcintheprem]

Yeovil
BACK 1.22

LAY 1.86

Sc**thorpe
BACK 1.31

LAY 1.89

Swansea
BACK 1.48

LAY 1.96

Southend
BACK 2.62

LAY 4.8

Northampton
BACK 2.32

LAY 4


Sorry for those who don't understand the back/lay system.

Interesting to see the spread on Southend' back and lay. I know it's a small market but it's interesting to see that no-one's coming close to writing us off yet. Very interestingly, laying against Sc**thorpe definitely looks to be good value for those anticipating the Irons crumbling. If I wasn't a poor student, I'd take that.

(taken from Betfair)

 

[Shrimp in a Kilt]

Give us unenlightened ones a briefing on this type of betting then... Or a link to somewhere with the gen?

 

[sufcintheprem]

Yeah, fair point. I would describe it as:

Backing: You bet for only that outcome
Laying: You back for all other outcomes

But Betfair may have a better explanation. (Sadly I'm not sure what the link is but if you go through help, it's onthe front page there).

My understanding of it is that the further the two are separated, the less willing (usually) the bookies are to sidle either way. This is because both back and lay are quite stingy. If the two are close together, at least one of the two will be good odds.

I'm sure there's more knowledgable gamblers than me out there though.