In sports betting, a layer sets odds and accepts wagers from others, with the goal of profiting from the difference between the odds and the actual outcome. Layers typically assess probabilities and set odds in such a way that they make a profit regardless of the outcome by balancing the bets placed. This role is crucial in maintaining a balanced market where wagers can be matched and paid out.
Layer Example
For example, if a layer offers odds of 2/1 for a football team to win, they would accept bets on that outcome, and if the team wins, they pay out at those odds. If the team loses, the layer keeps the wagered money.