How do I place a lay order?

Normally when you bet with a sportsbook you are choosing a wager which you think will win but with a betting exchange such as BetDex, you are actually wagering against other people by backing and laying selections.

To best understand how this works, lets choose an example market to lay:

There's lots going on here but lets concentrate on the numbers in the purple and red boxes.

LAYING

In this example we will take the Everton v Palace game and look at laying Everton.

If we are laying Everton, we can use the red button next to the selection we want to lay, so we can see the current lay price is 2.74 so lets click that and enter a stake of 500

We now see we have a risk here, thats because if we lay a bet we are betting that it doesn't happen. So laying Everton at 2.74 means that you think Everton WILL NOT win and you will get 500 if this is true BUT - If Everton do win, you will lose 870.

When you lay a market, you are stating you think the selection will lose!