Starlizard
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bimmerpost
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- Joined: Fri Apr 22, 2022 1:03 pm
https://igamingbusiness.com/sports-bett ... k-venture/ does that mean that they LAY bets at bookmakers?selling prices that is
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ShaunWhite
- Posts: 10498
- Joined: Sat Sep 03, 2016 3:42 am
Sell = back. Buy = lay. Just remember buy low, sell high. Understandable confusion as most people see backing as buying a betting slip. Tbh it's not buying or selling its backing and laying, but people sure do like to sound fancy.
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bimmerpost
- Posts: 13
- Joined: Fri Apr 22, 2022 1:03 pm
I had the impression that they are laying bets at bookmakers to provide prices and liquidityShaunWhite wrote: ↑Thu Dec 15, 2022 8:19 pmSell = back. Buy = lay. Just remember buy low, sell high. Understandable confusion as most people see backing as buying a betting slip. Tbh it's not buying or selling its backing and laying, but people sure do like to sound fancy.
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ShaunWhite
- Posts: 10498
- Joined: Sat Sep 03, 2016 3:42 am
Maybe they are, if you've got enough clout you can make deals. It'll be a business to business relationship so the usual regs won't apply.
It's always funny reading about Tony, I think a few of us first encountered him when he was an up and coming poker player. The boy done good.
It's always funny reading about Tony, I think a few of us first encountered him when he was an up and coming poker player. The boy done good.