Back bet

Back bet is one of two types of single bets on the betting exchange, which is that the player puts on the event which, in his opinion, will happen.

This is a complete analogue of the bet from the bookmaker. The difference lies in the principle of operation of the exchange, where the player bets against other player, with the ability to specify the desired odds, and not against a bookmaker at the fixed odds. The opposite of bet FOR is Lay bet on the stock exchange.