« Reply #7 on: January 27, 2016, 11:07:34 AM »
You have to "lay" oklahoma at odds lower than 1.296 to be able to make a profit.
Laying Oklahama at odds say 1.25 is not same as backing Minnesota at odds 5??
Yes it is. You'll see the available market go down in the 1.25 lay for Oklahoma if you back Minnesota at 5. They are connected. Lay just means you bet the opposite of back so laying oklahoma means betting on oklahoma NOT to win...so in essence backing Minnesota.
In a football match "laying a draw" means betting on a draw NOT to happen so you'd win that bet if the game does not end in a draw.
Piece of advice...don't bet these amounts if you still have trouble grasping this concept. Watch the market and play with it at very small stakes untill you completely "get" the concept.