What is a Back Bet?

A back bet is a bet that you place for a particular event to happen. You are backing it to win. When you place a bet at the bookmaker you are always placing a back bet. When you place a back bet you are given some odds. This is what you will be paid if your selection wins.

The more unlikely the event is to happen, the greater the odds that a bookmaker or punters on the betting exchange will need to offer to entice you to place your back bet.

Example

You back England to win for £10 at odds of 10-1 (11.0 in decimal format). If England win you win £100, meaning £100 in profit. If it’s a normal bet, you will also get your £10 stake back, meaning a return of £110.

With back bets you are always backing something to happen and so to get a return you need that event to be realised. When you are backing the most you can lose is your stake, so in the above example, the most you could possibly lose is £10.

Can you Back on Betting Exchanges?

With betting exchanges you can place both back and lay bets. They are simply matching together people that want to back, with people that want to lay bets. They then charge a commission for setting up that contract between 2 parties.

How to Make Risk Free Back Bets

To make risk free back bets you can do one of 2 things and these are as follows:

Matched Betting

This uses bonuses from bookmakers to make risk free profit, people earn up to £1000 per month doing this. Find out how to do this by reading our matched betting guide.

Arbing

This involves finding lower lay odds on the exchange than a bookmaker offers, guaranteeing you a profit regardless of the result. Find out more about Arbing

Useful Links

• What is a Lay Bet?
• What is a Betting Exchange?
• What is a Bookmaker?
• What are Odds?
• Bookie Signup Bonuses
• Matched Betting Guide
• What Is an Arb?