What is lay and backing in betting? - Quora

Answer (1 of 9): It’s very simple. When you back your bet, it means that something will happen and if you lay your back it means that something will not happen. Here is an example. Imagine match Manchester - Chelsea. If you back Manchester at odd 3.0 and stake 100, if Man. win you will get 300EUR

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Back & Lay Betting Explained - Understanding the Key Differences

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