Laying the Draw

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Can someone please briefly explain this to me. Ive been looking into it on google and Im not sure if Im understanding it right. Could be because my brain is mush after drinking too much last night. I use Bet365 to bet Live in play on soccer. Does laying the draw mean you bet on the draw at the beggining of the game or that you bet either team A or team B win but it wont be a draw? The way I understand it is on bet365 I can bet "double chance" which means I bet either team A or team B win. So as long as its not a draw I win money. So for example if I bet $100 on double chance team A or B at 1.36 I would win $36. Then I watch the game Live in Play and if a team scores I bet some of my potential profit on the Draw at that point? Assuming the price of the draw goes up high enough after the first goal is scored? Or am I totally not understanding this? Thanks.
 

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