Match Odds
Back Bet
When you place a back bet, you are betting on your selection to win. This is similar to how you would bet with any traditional bookmaker. If your back selection wins, then you make a profit, and if it loses, you lose your stake.
The odds for a back bet are set by other users on Winfair24, so you can choose the odds at which you want to bet. You can either accept the existing odds or request better odds and wait for someone to match your bet.
In a soccer match between Team A and Team B, you place a back bet on Team A to winat odds of 2.0 with stake of $100. If Team A wins, you will make a profit of $100 (minus the commission). If they lose or the match ends in a draw, you will lose your $100 stake.
If you are not familiar with how to place back bets on WInfair24, please follow the link below.
Lay Bet
A lay bet is essentially the opposite of a back bet. When you place a lay bet, you are betting against your selection to win. You become the bookmaker, offering odds for other users to back. If the selection you lay does not win, you profit from the losing bets.
Continuing with the soccer match example, if you place a lay bet on Team A at odds of 2.0 with a stake of $100, you are effectively betting that Team A will not win. If Team A loses or the match ends in a draw, you will win $100 (minus the commission), just like a bookmaker would.
If you are not familiar with how to place lay bets on Winfair24, please follow the link below.
It is important to remember that all betting exchanges, and Winfair24 too, charge a commission on net winnings. So, if you win a bet, you will pay a small percentage of your profit as a commission to the exchange.
Remember also that betting can be risky, and it is crucial to bet responsibly. Make sure you understand the odds, the potential outcomes, and the commission structure before you engage in match odds betting.