Back and lay are two fundamental concepts in cricket betting exchanges that are popular among Indian bettors. The back bet is similar to traditional betting where you bet on a team or player to win. For example, if you back Team India to win a match at odds of 2.0 with ₹1000, you will receive ₹2000 if they win (including your stake).
Lay betting is the opposite of back betting, where you act as the bookmaker and bet against a team or player. If you lay Team India at odds of 2.0 for ₹1000, you are effectively betting that Team India will not win. If they lose or draw, you win ₹1000, but if they win, you have to pay out ₹2000 to the backer.
These betting concepts have gained significant popularity in India through local platforms and apps that cater to cricket enthusiasts. Many Indian betting exchanges offer these options in regional languages to make them accessible to a wider audience across different states. |