How to Place Back Bets
How to Place Back Bets
The “back” bet is the most common and traditional way of placing bets. What does “back” mean? It simply means that you “back” a selection, you support it. In other words, you support that an event will happen and you decide to bet on it happening at odds you agree to take.
How do I “back” a bet?
Well, if you decide to be a “backer” on the Orbit Exchange platform, then what you need to look for is only the blue columns.
Let’s take a soccer event. Paris St Germain vs Real Madrid.
You believe that PSG will win this game and you decide that this is the team you want to back. What you need to do? Let’s see your options. You have 6 columns in total, half in blue and half in red. As we said, if you want to back, then look only at the blue columns. Now, how to decide which one is the column you want? Well, it’s very simple, it is the classic 1×2. The first 2 columns are for backing and laying Team 1 (PSG) the 2 columns in the middle are for backing and laying the Draw and the last 2 columns are for backing and laying Team 2 (Real Madrid).
Therefore to back PSG you just need to click on the blue box of the first column on the left.
Next to the button cancel, you see the odds offered by the layers of this bet. If you agree with the price 2.06 of the odds, you are ready to place your stake right on the next box. Choose your stake and then click on the “Place bet” button.
If you do not fully agree with the odds offered by the layers (the price 2.06), you can always modify it and request from the layers a better one. For example, you propose 2.2 rather than 2.06. You modify the odds accordingly, you choose your stake and you press the “Place bet” button and you wait for a layer to match your bet at this bigger price.
When you type your stake, you will be able to see your potential Profit from placing this bet. When you click on the “Place bet” button and submit your bet offer, then your bet will be returned as matched, unmatched or partially matched. Orbit Exchange is famous for the high liquidity, and bets on markets with high liquidity usually return as matched most of the time. In any case, always make sure you check your betslip to confirm the status of your bets.
The exact same procedure applies if you want to back the Draw or if you want to back Real Madrid. To back the Draw, just click on the second blue box and follow the steps we talked about above. To back Real Madrid, click on the blue box on the last blue column on the right and follow the same steps as above.