Online Betting Exchange: How Back and Lay Work
On a normal sportsbook you bet against the bookmaker. On a betting exchange you trade with other players: you can back an outcome (bet it will happen) or lay it (bet it will not), at prices that move live with the match.
Back and lay — a simple example
India are 1.80 to win. If you back India with ₹100 and they win, you get ₹80 profit; if they lose, you lose ₹100. If you lay India at 1.80 for ₹100, you win ₹100 if they do not win, but you pay ₹80 if they do. Laying means taking on the other side's risk.
Common markets on cricket exchanges
- Match odds — who wins the match, traded live.
- Bookmaker — fixed-rate market set by the site, usually quoted in paise.
- Session / fancy — runs in a set of overs, a batter's score and similar. These move very fast; read why session markets are risky.
Risks to understand
- Prices change ball by ball; a position can swing in seconds.
- Laying at high odds can cost far more than your stake.
- No tip is "fixed". Anyone selling guaranteed results is running a scam.
Disclosure: Rajwada Exchange is the exchange-style partner of the CricketBuzz network. 18+ and only where legally permitted.
Play responsibly
Set a budget before you start, never chase losses and never borrow to play. If it stops being fun, read our guide to taking control or try the free daily cricket quiz instead.