Racing November Daily Punt: Counting down to the Ballarat Cup

Remove this Banner Ad

Status
Not open for further replies.

Log in to remove this ad.

(Log in to remove this ad.)

Can someone please explain to me Betfair, more so the ins and outs of laying a horse. I have a futures multi going and now only need Cascadian to win the Northerly to get up. When laying it, the liability is how much money I am willing to place correct? And the stake section is how much profit I will get back if the horse doesn’t win? Example, I’ve got $250 in the liability section, with $65.79 in the stake section. That $65.79 is profit on top of my $250 bet yes? Not just $65.79 returned (effectively a loss)??
 
Can someone please explain to me Betfair, more so the ins and outs of laying a horse. I have a futures multi going and now only need Cascadian to win the Northerly to get up. When laying it, the liability is how much money I am willing to place correct? And the stake section is how much profit I will get back if the horse doesn’t win? Example, I’ve got $250 in the liability section, with $65.79 in the stake section. That $65.79 is profit on top of my $250 bet yes? Not just $65.79 returned (effectively a loss)??
Screen Shot 2022-11-27 at 12.57.05 pm.png

Using an example

odds = the odds you've given them $3.65

Stake = the money you win if this horse loses, Eg $50

Liability = the money you lose if this horses wins Eg $132.50


You're basically being the bookie and giving someone 3.65 odds on that horse

Also there are like 5-10% commission fees depending on the market
 
View attachment 1562039

Using an example

odds = the odds you've given them $3.65

Stake = the money you win if this horse loses, Eg $50

Liability = the money you lose if this horses wins Eg $132.50


You're basically being the bookie and giving someone 3.65 odds on that horse

Also there are like 5-10% commission fees depending on the market
Ok I understand it better now, thanks for clearing that up for me
 
Status
Not open for further replies.

Remove this Banner Ad

Remove this Banner Ad

Back
Top