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This is a particularly relevant bet to make in a market that has 3 or more selections. Take a horse race as an example. The hot news is that a famous horse has come down with a mysterious illness. You spot an opportunity to make some money. In the old days, this would be a very difficult process that involves backing all of the other horses in the market for varying amounts.
Just as long as that horse fails to win, you win. This can be seen in the below image, with the red number showing your potential loss if that selection wins, and the green numbers your potential win if those selections win the race. What you will notice are two different boxes. The blue box is your traditional back bet, and the pink one a lay bet. For the purpose of this example, we are going to show you how to place a lay bet on Paris Saint-Germain.
Once you click the pink box, the selection will show on the bet slip on the right hand side of the screen. Once you add the selection to your bet slip, you can add the stake. The number circled below is your liability, and potential payout if the person taking your bet wins. If there is someone who already has cash in the system at the same price, the exchange will match your bets immediately. Otherwise, you must wait for someone to take the price which you have offered.
This is how our betting exchange of choice for this example, Betfair, make their money. But as we mentioned previously, lay betting is vital for matched bettors. Matched betting is a process which turns bookmaker free bets into withdrawable cash, with little, or no risk.
Because lay betting is important for matched bettors, OddsMonkey have teamed up with the number one betting exchange, Betfair, to make life so much simpler. It was developed to make finding suitable matched bets easier. That means that he is saying that the Jaguars will cover the spread in their upcoming game. If Bob were to win his bet then he could say he was ATS on the day. When betting, ATS bettors need to remember one thing above all else - who wins the game only rarely matters.
Bettors who fixate on winners and losers are going to go broke betting against the spread - they should stick to the moneyline. All you need to focus on is how much a team can be expected to win or lose by. A team could win every single game they play and not cover a single spread if they were always heavy favorites, and never won by a wide margin.
A team could also lose every game, be massive underdogs in the eyes of the public, and keep games close enough to cover every spread. The straight-up record of teams is irrelevant to ATS considerations. Our weekly newsletter is loaded with exclusive free picks,insight and advice from our expert handicappers. How Does Sports Betting Work?