March 07, 2025
If you’re tired of betting against the house, Realbet.ng offers a fresh approach with its betting exchange in Nigeria. Here, you’re not battling a bookmaker—you’re betting against other users. Realbet.ng simply provides the platform and charges a commission on your winnings. One exciting feature is the ability to “sell” or “lay” bets, where you act as the bookmaker. Let’s break down how to do this and what it means for you.
What Does Selling (Laying) a Bet Mean?
When you lay a bet on Realbet.ng, you’re betting against an outcome happening. Essentially, you become the bookmaker, offering odds for other users to bet against you. If they win, you pay their winnings. If they lose, you keep their stake. It’s a peer-to-peer system that gives you more control and flexibility.
Example: Laying a Bet on Real Madrid vs. Inter Milan
Imagine a Champions League match between Real Madrid (the home team) and Inter Milan. Real Madrid are favorites at odds of 1.55, but you believe Inter Milan’s strong form means Real won’t win. On a traditional sportsbook, you might bet on a draw or a double chance (Inter to win or draw). On Realbet.ng’s betting exchange, you can take a different approach by laying Real Madrid—betting that they won’t win.
Here’s how it works step-by-step:
- Navigate the Market on Realbet.ng
On the exchange, you’ll see two sides for each outcome: the “back” side (blue, betting in favor of an outcome) and the “lay” side (orange, betting against it). Since you’re laying Real Madrid, focus on the lay side. Let’s say the current lay odds for Real Madrid are 1.56, with a maximum stake of N1,867 available at those odds. - Place Your Lay Bet
- Click on the lay odds (1.56) for Real Madrid.
- A betting window will appear on the right-hand side. Enter your stake—say, N10,000.
- Validate your bet.
Important Note: The N10,000 stake isn’t your risk—it’s the amount you’re willing to accept from other bettors as the bookmaker. Your actual risk is calculated as stake x (odds – 1). In this case, N10,000 x (1.56 – 1) = N5,600. That’s what you’d owe if Real Madrid wins. If they don’t win (a draw or Inter victory), you keep the N10,000 stake from the other bettor.
3. Understand Your Position
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- If Real Madrid wins, you pay the winning bettor N5,600.
- If the match ends in a draw or Inter wins, you pocket the N10,000 stake from the losing bettor.
Adjusting Odds for Better Value
You can also lay Real Madrid at lower odds, say 1.54, by using the down arrow to adjust the odds. This reduces your potential payout to the other bettor if Real Madrid wins (now N5,400 instead of N5,600). However, the trade-off is that other users might not take your bet at these less attractive odds. If someone does take the bet—believing Real Madrid will win—you’ve secured a better deal for yourself. Now, you wait for the match to play out.
Why Lay Bets on Realbet.ng?
Laying bets gives you the chance to profit from outcomes you think won’t happen, offering a strategic edge over traditional betting. Plus, Realbet.ng’s peer-to-peer model often provides more competitive odds than standard sportsbooks. Just be cautious—never lay a stake you can’t afford to pay out if you lose.
Ready to Try It?
Selling bets on Realbet.ng is a game-changer for Nigerian bettors looking to take control. To get started, visit their betting exchange at https://realbet.ng/exchange/sports-bets/home. New users can also take advantage of a welcome offer of up to N1,000 in cash added to your wallet. Dive in, explore the platform, and start betting smarter!
