Layoff Betting

Layoff Betting is when a bookmaker places bets with another bookmaker or betting exchange to reduce their risk on a heavily backed outcome. This helps balance their books and limit potential losses.

For example, if too many bettors wager on Team A to win, the bookmaker may lay off some of that risk by betting on Team A elsewhere. Unlike hedging, which bettors use to secure a profit, layoff betting is a risk management tool for bookmakers.