We at Elite Laying have enclosed some questions you may have. If you are going to use a Bet exchange company we highly recommend Betfair - www.betfair.com

• Page 1: What is Laying?
• Page 2: What is Trading?
• Page 3: How do I find the market I want?
• Page 4: How do I place a bet?
• Page 5: How do I choose my odds?
• Page 6: How do I know when my bet is matched?
• Page 7: How can I cancel a bet?
• Page 8: How do I bet on the telephone?

How do I place a bet?

Now that you have found the market that you want, you can back or lay bets on the market. Before you place any bet, ensure that you are familiar with the Rules governing that market, which can be found under the Rules tab on the right hand side of the screen. To place a bet, follow these simple instructions or watch our betting tutorials go to www.betfair.com for more information.

1. - Navigate to the appropriate market. See here.
2. - The market shows you the prices available to back or lay. The blue box indicates the best price available to back, and the pink box shows the best prices available to lay on each selection, in this example the favourite is available to back at 1.23, and to lay at 1.26.
   
   The figure under the price shows the amount available, in this example a bet of up to £1676 would be matched instantly at 1.23.
3. - Once you have selected which bet you want to take, you click the appropriate box. In this example we have chosen to back QPR to win at 4.
4. - Clicking your selection launches the “Bet Manager” on the right hand side of the screen.
   
   To place your bet at these odds, insert your stake, in this case £5, in the “Your stake” box. The screen will immediately show you what you could win.
5. - Once you are happy that you have the right selection and you’ve entered the stake you want to bet at the correct odds, click Submit at the bottom of the Bet Manager. This will launch a “Confirmation” screen. Ensure that you have the correct selection, odds and stake and confirm the bet.
   
   If you agree with this, then click yes to confirm at the bottom of the screen, and the bet will immediately be submitted to the exchange.
   Hint: You can choose not to confirm your bets by unticking the “Confirm Bets” box at the bottom of this screen.
6. - Once your bet is submitted to the exchange, the bet manager will immediately confirm to you whether your bet has been “Matched” or not. If it has it will confirm the bet as Matched, and the odds that your bet was matched at. On occasion, the price may change while your bet is being placed. If the price has increased, your bet will be matched at the greater price, if the price has decreased the bet will remain “Unmatched”. An unmatched bet will wait on the system as an order until it is matched by another Betfair member. You can cancel any unmatched bet at any time, or you can adjust the price or stake.
7. Watch and listen to our betting tutorials go to www.betfair.com for more information.