In a trading exchange, “lay” refers to opposing a particular outcome, essentially taking the role of the house. This approach allows participants to profit if the backed outcome does not occur. Lay positions can be useful for hedging, balancing risk, or taking advantage of overvalued outcomes. Understanding how lay works provides more flexibility in market participation, as it opens s... https://reddybookkk.com/what-is-a-betting-exchange-id-and-how-does-it-work/