The most powerful feature of the Boro Jeet Exchange is the Pink Button: The Lay Bet.
This is what separates professional traders from casual gamblers.
The Definition of a Lay Bet
To Lay a selection means you are betting that the outcome WILL NOT happen.
You are effectively acting as the Bookmaker. You are accepting someone else's bet.
- Lay India: You win if India DOES NOT win (i.e., they lose, or the match is a draw).
- Lay Over 2.5 Goals: You win if there are 0, 1, or 2 goals.
The Most Important Concept: Liability
When you Back a bet, your risk is just your stake (e.g., 1000 BDT).
When you Lay a bet, your risk is your Liability.
Liability Formula:
$$ \text{Liability} = \text{Backer's Stake} \times (\text{Odds} - 1) $$
Example:
- Match: Brazil vs Argentina
- Selection: Lay Brazil (You think Brazil will NOT win)
- Odds: 2.00
- Backer's Stake (Profit you want to make): 1000 BDT
If you want to win 1000 BDT from the Backer, you must risk (Liability):
$$ 1000 \times (2.00 - 1) = 1000 \text{ BDT} $$
High Odds Warning:
If you Lay an outsider at odds of 10.0 with a target profit of 1000 BDT:
$$ \text{Liability} = 1000 \times (10.0 - 1) = 9000 \text{ BDT} $$
Risk 9000 to win 1000. Be careful!
Why Lay a Bet?
- Bet Against Favorites: If you think a strong team is overrated, Laying them is often safer than Backing the underdog.
- Trading Green Books: You Back high, then Lay low to lock in a guaranteed profit (Arbing/Trading).
- Arbitrage: Exploiting price differences between sites.
Summary
- Pink Box = Lay Bet (Bet Against).
- You Win = If the event does NOT happen.
- Risk = Liability (can be high!).
Laying is risky if you don't understand Liability. Always check your "What If" figure before confirming the bet.
Now that you know Back and Lay, let's learn about Commission in the next guide.
