There is a whole series of resources used by
bookmakers to maintain the balance and stability of bookies in order to
guarantee the permanence of the main firms in charge of organizing these
activities. The layoffs are only a part of these resources, and in order
for them to be used, a series of conditions must be met.
Broadly speaking, the layoff is a technique
used by bookies to balance the level of risk when they perceive that there has
been an excessive inflow of money in one direction. Normally, this is
because there has been a majority tendency of users to bet on a specific
market, which can break the balance of the game and compromise their position.
And what does this technique consist of? It
consists of a bet placed by the bookie itself on a competing house. Thus,
it manages to balance the excess capital that users have bet on a certain
The presence of a layoff makes more sense when
you stop looking at a bookmaker as a mere organizer and becomes the main rival.
At the moment of betting, users are playing against the bookmaker itself,
since it is the bookmaker that loses money if the user wins the bet and vice
Beyond preventing the user from winning a
reward, what is intended with techniques such as layoffs or the collection of
overrounds is to ensure the longevity of the platform and balance the
game, taking into account that it is not advisable that all bets go to a
specific point and ignore the rest of the market options.
The ultimate effect of layoffs is the reduction
of odds, which allows to reduce the money to be given per bet and
balances the expense-profit balance of the bookmaker.
There is no specific rule prohibiting a
bookmaker from paying a bet on a competing bookmaker. Moreover, considering the
regulatory nature of this movement, it is possible that it is even
promoted from within the industry, as a protective mechanism to even out the
direction of capital.
With a layoff, let's say that what is achieved
is to expand the directions that the money takes, which is what the bookie is
interested in. Because, in case the bets are concentrated in only one direction
and all the bets are winners, the stability of the house can be damaged
and it is necessary to avoid a possible devaluation of the odds, which would
lead the users not to continue betting in that house.
So, to summarize what layoff is: betting at
another bookmaker to reduce risk and balance the direction in which the
Let's be realistic: no bookmaker is going to
compromise its viability in the short or long term for the sake of the
show. There are protection aspects and techniques that only bookies know about,
and critical layoff points, known as layoff spots, are virtually undetectable.
Since the bookies are looking out for their own
survival, it is necessary to understand that they will always have control over
the bets to avoid delicate positions that affect the stability of
The aim is always to keep the action balanced,
and the bookmaker will take the necessary measures to ensure that this stability
remains effective. A user by himself cannot avoid the house's actions,
given that there are matches that, by themselves, due to the euphoria unleashed
and the generalized hype, make the fans direct their predictions in the same
This measure of protection that is the layoff
benefits, in addition to the house itself, the users who have bet because it is
the bookie who has to face the payment of the rewards in the event that all
these predictions are correct. The risk of assuming a large number of bets
made in the same direction is that, if they are appropriate, they must be paid,
and the size of this cost depends on the size of the odds.
Through the layoff, the bookmaker can meet
those payments through the potential rewards it earns from that bet placed at a
competing bookie, using its own forecast as a tool to ensure its
In the event that the forecast is wrong for all
those who have bet in the same direction, the bookmaker wins by keeping the
price of the bets that have turned out to be losers.
Therefore, the layoff in sports betting is a
solid tool that guarantees the house's balance and the stability of the plays,
being also an effective method to guarantee a high financial demand to
the bookie in moments where the bets are one-way.
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