A back bet is a normal bet for an outcome to happen. Here is what backing means and how it pairs with a lay bet in matched betting.

A lay bet is a bet against an outcome. Here is what laying means, how it works on a betting exchange, and why it is the key to matched betting.

A betting exchange lets you bet against other people instead of a bookmaker, and lets you lay bets. Here is how exchanges work and why they matter for matched betting.

Betfair is the betting exchange most Australian matched bettors use to lay their bets. Here is what it is and how it fits into matched betting.

Commission is the small cut Betfair takes from your winnings. Here is what it is, why you pay it, and why the rate varies by sport and state.

Liability is the amount you risk when you place a lay bet on an exchange. Here is how to work it out and why it matters.

Liquidity is how much money is available in an exchange market to match your bet. Here is why it matters when placing your lay bets.

The match finder shows you the best matched betting opportunities in seconds. Here is how to filter, sort and use it to place a bet.

A matched betting calculator works out the exact lay stake, liability and profit for any bet. Here is how to use one.

Sometimes a lay bet only partly matches. Here is what that means and the simple ways to handle it.