HomeHow to Bet on CricketWhat is Back and Lay in Cricket Betting?

What is Back and Lay in Cricket Betting?

Written by: Joe Garland • 08.10.2024

OCBscores India

Regardless of whether you’re a complete novice to cricket betting or a pro wishing to branch out, this page can provide some useful information. So, what is back and lay in cricket betting? OCBscores will discuss what these terms mean in-depth and how you can increase your enjoyment of cricket betting at the same time.

View the latest Cricket Odds

Back and Lay Meaning in Cricket Betting

Put simply, back and lay are opposites when it comes to cricket betting. You can make two different types of bets on the same cricket match, so let’s discuss how it all works.

The back meaning in cricket betting is a traditional bet, such as a typical scenario that you believe is going to occur. This could be anything from the Mumbai Indians winning the Final IPL match, to Virat Kohli hitting a century in an India T20 game.

The lay meaning in cricket betting is slightly different, as you’re going to bet on something not happening in a match. Contrary to back betting, you may well predict that the Mumbai Indians are going to lose the Final, or that Virat Kohli will not hit a century. The options are basically limitless, but essentially you’re acting as a bookmaker on a betting exchange website.

How Back Betting Works

If you want to know the back and lay meaning in cricket betting, we’ll look at the "back betting" first. This type of betting is straightforward and easy to understand, as you would choose a prediction, such as India defeating Australia in a T20 match. Afterwards, decide on your stake and find the best odds provided by the bookmaker.

Back Betting Example:

To discuss further back and lay in cricket betting, let’s look at an example:

Let's say that you bet India to win the match at odds of 2.00 and your bet is ₹1,000 INR. If the wager is successful, then you’ll earn ₹2,000 INR, as that is your original stake returned and the winnings.

Of course, if India loses the match, then you’ve lost your ₹1,000 INR stake from the bet.

How Lay Betting Works

If you’re new to betting online, then the "lay" meaning in cricket betting requires a quick explanation. Remember that you’re betting against something happening. Once you find a betting exchange, you may well decide you want to make a lay bet for Australia to defeat India.

Lay Betting Example

The first thing to decide is what you’re thinking of risking for the bet, which is often called the liability. Let's look at an example:

If you’ve made a lay bet on Australia at 2.00 odds for ₹1,000 INR, then this is how much you might lose in the wager.

If Australia does lose the match against India, then you’ll pick up ₹1,000 INR, along with the amount from anyone backing Australia to win. You could lose the ₹1,000 INR bet if Australia wins.

Pros & Cons

Once you’ve understood the back and lay meaning in cricket betting, then it’s important to consider the pros and cons of this type of bet, as well as the risks involved with such a bet.

Pros of back betting:

  • A simple format whereby you bet on an outcome happening such as a team winning or player hitting a century
  • The chance for a good profit if your wager is successful

Cons of back betting:

  • The potential to lose a big stake if your bet isn’t successful
  • The betting format is a straightforward outcome on a team winning or player achieving a target without much deviation

Pros of lay betting:

  • You’re a bookmaker of sorts on a betting exchange website and can create odds by yourself, to take bets
  • After placing a back bet, you can hedge the bet by putting down a lay bet to reduce potential losses

Cons of lay betting:

  • A liability is often bigger than a typical stake, so a big amount is lost if your outcome is wrong
  • New bettors and even experienced punters may find the lay meaning in cricket betting confusing to grasp, as it’s more complex than back betting

Naturally, you won’t get the back and lay meaning in cricket betting without first knowing the risks. Like any bet, back and lay betting involves the potential for losses if your bets aren’t successful.

You need to be aware of the market odds and what makes a good bet, as well as a strong knowledge of cricket to ensure you understand which teams or players are trending in the right direction. It’s always best to bet with your head, rather than emotions, as you want to be focused on the bet.

Conclusion

All in all, back and lay in cricket betting is a distinctive and interesting option for you to consider. A strategy of which matches and situations you believe could make a good back or lay bet is important for cricket gambling, as there’s potential for rewards if done right.

As always, remember to consider the risks laid out here and please bet responsibly.

FAQs

The terms apply to different methods of betting. A back bet is about wagering on a specific outcome, whereas a lay bet is deciding on what you believe will not happen.
This type of betting is a little more difficult to grasp, but once you get the hang of things, you can choose a back or lay bet for every cricket match result or in-match situation.
Potentially, but be aware that there are risks involved with both types of bets, and you should have a good knowledge of the odds and recent cricket results.
Joe Garland, sports contributor at ocbscores.com
Joe GarlandContributor

Joe is a massive sports fan, but he's most passionate about cricket, the NBA and the NFL. Joe is an expert sports contributor at OCBscores, and will provide you with only the best sports betting guides and tips to help maximise your betting potential.

Fact checked by: DhruvLast updated date: 31.10.2024

New Guides

OCB Team16 Oct 2024How To Bet On Cricket – Your Online Cricket Betting Guide

Discover how to bet on cricket with the OCBscores betting guide. Learn how to perfect your cricket betting strategy right here!

OCBscores India
Joe Garland31 Oct 2024What is Back and Lay in Cricket Betting?

If you’re interested in learning about back and lay meaning in cricket betting, then read on to find out more with OCBscores.

OCBscores - the home of cricket betting
Joe Garland28 Oct 2024What Is Cash Out?

Regardless of whether you’re a betting pro or beginner, understanding all about cash out in cricket betting is helpful for your strategy.

Join for Free!

Sign up to the OCBscores newsletter for expert tips and predictions, in-depth reviews, plus an exclusive bonus code.

ocbscores.com has no affiliation with the cricket teams, tournaments or organizations displayed on this website. We claim no credit for any associated images posted on the site unless otherwise noted. Images are copyright to their respective owners.

Furthermore, the odds displayed on our website are for informational purposes only and can not be wagered on. We are not a betting site and do not accept bets from players. We do not endorse illegal gambling. Please check the online gambling regulation in your jurisdiction before placing any bets on any betting sites advertised on our website.

18+Gamble awareGAHope Trust IndiaBet Blocker

Copyright © 2009-2024 OCBScores.com. All rights reserved.