In my guide Introduction to Betfair I mentioned lay betting but didn't explain it in details. In this guide I'll give an introduction to Betfair lay betting and take you through all the intricacies of lay betting. This guide also explains how to place a lay bet at Betfair. An lastly I'll also explain why lay betting was so controversial in the beginning.
In desi language lay betting is known as kha lo or khawo.
In this betfair lay betting guide you will find introduction to lay betting and how it works. I've explained betfair lay betting with examples of some of the matches and their odds. you will also learn why lay betting is one of the most powerful betting strategy specially for Cricket.
I've also included formula to calculate lay betting profit and liabilities. Towards the end of this guide you will find explanation to the various odds columns you can see in the image above for Horse racing market.