IMPORTANT :
Although the chapters explaining each scenario may appear repetitive, I advise you to read each in turn to satisfy yourself that you understand the principles involved. There may be times when you don’t know whether you are coming or going. If these times do occur, then read and read again. It is important to establish which side of the betting arena you are operating from at any given moment. It may appear obvious, but you must not make the mistake of LAYING when you intended to be BACKING, and visa versa and always be very careful when LAYING. There are probably a lot of users of the Betting Exchanges who have placed a LAY bet for the first time, little realising the payout they will have to make if they lose~ or should I say “ if the contestant on which they have placed a LAY bet wins”.