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The only way for matched bets to lose someone money is if they make a mistake in their calculations. However, bookies and gambling operators always lose money. Traditional 'back' betting means putting your money on something to happen - a horse or a team or a player to win, for instance. Top. 'Lay' betting means betting on. Read the latest Betting Tips from Betfair™ experts. Continue Reading. Due to the complexities of calculating each-way Cash Out offers, most bookies at this point in time only offer Cash Out on win-only. Cash out is designed so that you close your position and can take no further profit nor suffer any further loss. Join Betfair and bet with great odds or against other people. Betfair. However, i am curious how these high-street shops pay you when you win. Fanatics Betting & Gaming is building an online and retail (physical location) sports betting (“Sportsbook”) and online casino (“iGaming”) real-money wagering. 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