If you are new to the Boro Jeet Exchange, you might see two colors: Blue and Pink.
The Blue side is for Back Bets.
But what exactly is a "Back" bet? Simply put, it's the traditional bet you've made your whole life.
The Definition of a Back Bet
To Back a selection (a team, a horse, or an outcome) means you are betting money that the outcome WILL happen.
- Back Bangladesh: You win if Bangladesh wins.
- Back Over 1.5 Goals: You win if there are 2 or more goals.
In the exchange world, Backing is essentially saying "I agree with this outcome."
How to Calculate Winnings
The math for a Back bet is simple.
$$ \text{Profit} = \text{Stake} \times (\text{Odds} - 1) $$
Example:
- Match: India vs Pakistan
- Selection: Back India
- Odds: 1.80
- Stake: 1000 BDT
If India wins:
$$ 1000 \times (1.80 - 1) = 800 \text{ BDT Profit} $$
Total Return = 1800 BDT (Stake + Profit).
Why Back on an Exchange instead of a Sportsbook?
You might ask, "If Backing is just a normal bet, why not use a regular sportsbook?"
- Higher Odds: Exchanges usually offer slightly higher odds (e.g., 1.85 vs 1.80) because there is no built-in bookmaker margin.
- Trading Ability: On an exchange, you can "Back" now and "Lay" later (sell your bet) to lock in profit if the odds move in your favor.
- No Limits: As long as there is liquidity, you can bet as much as you want.
Summary
- Blue Box = Back Bet.
- Back = You want the event to happen.
- Profit = Same as a standard bet.
Once you master the Back bet, you are ready for the more advanced concept: The Lay Bet. Read about it in our next guide Lay Bet Explained!
