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Lapsed bets

Unmatched bets that have been cancelled by Betfair, for example, at the start of an event, when the event is turned in-play.

Lay

To lay a bet is to back something not to happen. For example to lay Manchester United to win their match is to back them NOT to win. If you were to lay them, you would win your bet if they either lost or drew their match. Click here for more information.

Liability

The amount you can lose on a given bet. (Also known as risk)

Loss Limits

One of our Player Protection tools, Loss Limits allow you to set a restriction on the amount you can lose within a pre-set period.

Arcade & Quick Play Loss Limits are additionally available.