Fancy Markets — Back & Lay Explained
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Fancy Markets — Back & Lay Explained
What are Fancy Markets?
Fancy markets (also called session or special markets) are bets on specific events within a match — not on the final result. They let you bet on things like:
- How many runs a team will score in an over
- How many runs a batsman will make
- Total match runs, wickets, boundaries, sixes, etc.
- Player performance (runs, wickets, catches)
How Fancy Odds Work
Fancy markets show odds differently from match markets. Instead of decimal odds like 1.80, fancy markets show a run line with Yes (Back) and No (Lay) rates.
Example: Team Runs in 6 Overs
Market: "India 6 Over Runs" — Line: 45
| Rate (Odds) | Meaning | |
|---|---|---|
| Yes (Back) | 90 | You think India will score 45 or MORE runs in 6 overs |
| No (Lay) | 110 | You think India will score LESS than 45 runs in 6 overs |
The rate shown (90, 110) means paise per rupee — or simply a percentage. A rate of 90 means you win 90% of your stake.
Fancy Back (Yes) — Betting Over the Line
When you Back (Yes) on a fancy market, you are saying the actual number will be equal to or above the line.
Example: Fancy Back
Market: "India 6 Over Runs" — Line: 45, Rate: 90
You bet Yes (Back) with stake 1,000
- If India scores 45 or more: You win +900 (1,000 x 90/100)
- If India scores less than 45: You lose -1,000 (your stake)
Profit = Stake x (Rate / 100) = 1,000 x 0.90 = 900
Fancy Lay (No) — Betting Under the Line
When you Lay (No) on a fancy market, you are saying the actual number will be below the line. You are taking the other side — acting as the bookmaker for someone else's "Yes" bet.
Example: Fancy Lay
Market: "India 6 Over Runs" — Line: 45, Rate: 110
You bet No (Lay) with stake 1,000
- If India scores less than 45 (your prediction is correct): You win +1,000 (the backer's stake)
- If India scores 45 or more (your prediction is wrong): You pay -1,100 liability
Liability = Stake x (Rate / 100) = 1,000 x 1.10 = 1,100
Fancy vs Match Market — Key Differences
| Feature | Match Market | Fancy Market |
|---|---|---|
| What you bet on | Who wins the match | Specific number (runs, wickets, etc.) |
| Odds format | Decimal (1.80, 2.50) | Rate per 100 (90, 110) |
| Back means | "This team will win" | "Score will be ABOVE the line" |
| Lay means | "This team will NOT win" | "Score will be BELOW the line" |
| Liability formula | Stake x (Odds - 1) | Stake x (Rate / 100) |
Can You Hedge Fancy Markets?
Yes! The same hedging concept works. If you Back Yes at rate 90 and then the line moves, you can Lay No at a different rate to lock in profit — just like match market hedging.
Key takeaway: Fancy markets let you bet on numbers within a match. Yes = above the line, No = below the line. The rate works as a percentage — rate of 90 means you win 90% of your stake if correct.
