What Does Laying The Price Mean In Sports Betting?
In sports betting, “laying the price” means taking the opposite side of a bet. When you lay the price, you are betting that the outcome will be different from what the majority of bets are predicting. For example, if the majority of bets are predicting that team A will win a game, a person laying the price would be betting that team B will win the game.
When a bettor lays the price, the bookmaker or sportsbook is taking the other side of the bet. This means that the bettor is essentially competing against the sportsbook rather than against other bettors. The advantage of laying the price is that the bettor can potentially win more money on a successful bet since the amount of money that can be won is not limited by how much other bettors are willing to bet.
However, there are risks associated with laying the price, as the bettor is essentially betting against the majority. If the majority of bets turn out to be correct, the bettor will lose the bet. Additionally, when laying the price, the bettor is usually required to wager more money than they would if they were betting on the favorite, meaning that the potential losses are greater.
Overall, laying the price can be a risky but potentially profitable way to bet on sports.