Laying need not be scary – you are in full control of how much you wish to risk and how much you could win. In a lay bet, you always stand to win the stake of the opposing bet (e.g. £10 (€10) in the examples above). You could be betting against one person or several.
Note – Baji charge a commission fee on net winnings on each market.
Placing a Lay Bet
Select a market, choose a selection you want to lay and click on the best lay price/odds. In the following example you are laying Phil Mickelson at odds of 9. The backer is staking £10 (€10).
Your potential profit: £10 (€10)
Your potential loss: £80 (€80)
Your liability of £80 (€80) is taken from your balance as this is your worst case scenario. The payout will be £90 (€90) but that includes the stake from the backer. If this bet was matched, there would effectively be a pot of £90 (€90) for someone to collect – the backer’s £10 (€10) stake, and the layer’s £80 (€80) liability.
If Phil Mickelson wins the tournament you have to pay £80 (€80) to the winning customer. If any other player wins the tournament you win £10 (€10) less commission. When laying a bet, you can only win the other person’s stake.