My selections are all lay selections. Eg. Team A vs Team B could be priced on a betting exchange such as betfair or betdaq as follows:
Team A (Back: 2.60) (Lay: 2.62)
Team B (Back: 2.98) (Lay: 3.00)
The Draw (Back: 3.5) (Lay: 3.55)
If my selection is to lay Team B, then laying for a liability of £100 would mean losing £100 if Team B win, or winning £50 if Team A win, or the game is a draw. Essentially, we are backing Team B not to win at odds of 0.50. If the lay odds were 8, then essentially we would be backing Team B not to win at odds of 0.14.
During the season, there can be between 0 and 6 selections in a week's worth of games. Typically there will be one or two on Saturday, one or two on Sunday and one or two Midweek if there are many games on.
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