Back means supporting an outcome. Lay means taking the opposing side. Lay positions can involve liability greater than the stake, so review the figures carefully.

Back means supporting an outcome. Lay means taking the opposing side. Lay positions can involve liability greater than the stake, so review the figures carefully.
| Feature | Back | Lay |
|---|---|---|
| Meaning | Support an outcome | Oppose an outcome |
| Risk display | Stake is normally the main amount at risk | Liability can exceed the stake |
| Example | Back Pakistan to win | Lay Pakistan not to win |
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