Back Lay Calculator
Enter the odds to work out stakes for matched betting
Why Back and Lay?
- Changed your mind on a bet? Lay off the bet at the exchanges, lock in a small loss and avoid the risk!
- If you've made a bet and the odds have dropped, you can lock in a profit by matching your bet at a betting exchange.
- Want to trade the odds? If you think you can predict which way the odds will move, then you can profit from any movement by backing or laying off your bet before the event even starts, just like hedge fund traders.
If you're trying to choose a bookie, have a look at some bookmaker reviews or give OnlineGamblingSites.net a go.
Best Free Bets and Offers
Bookie
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Free Bet
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£200 |
100% Deposit Bonus | |
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£50
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100% Matched Free Bet | |
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£30 |
100% First Bet Refund | |
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£50
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£20 |
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How to Use the Back Lay Calculator
You can use this calculator to work out your back and lay stakes to achieve an equal outcome when hedging your bets at betting exchanges such as Betfair.
Just enter the amount of your bet and the odds you have backed, as well as the odds available to lay at the exchange. Press calculate, and the lay stake and outcomes are displayed below along with your potential profit or loss.
Commission is set at 0% for the back bet and 5% for the betting exchange by default, but you can edit these if necessary - if you are backing at the exchange, enter the commission rate under 'Back Commission'. Betfair charges most customers 5% of winnings, but if you bet regularly you receive a discount. You can change the lay commission % to account for this or any different rates at other exchanges such as Betdaq.
The calculator works out your lay stake - this is the amount you need to lay to achieve equal outcomes whether your bet wins or loses.