Lay by Liability on Football using mobile app

According to Grok....

Laying by liability on football bets using Betfair’s mobile app involves betting against an outcome (e.g., a team winning) on the Betfair Exchange, where you set your liability (the amount you’re willing to risk) rather than specifying a stake to win. Here’s a step-by-step guide based on how the Betfair Exchange works on the mobile app:
Download and Log In to the Betfair Exchange App:
Ensure you have the Betfair Exchange app (not the Sportsbook app) installed on your iOS or Android device. Download it from the App Store, Google Play, or Betfair’s mobile site.

Log in to your Betfair account. If you don’t have one, sign up and verify your account.

Navigate to the Football Market:
Open the app and tap the Menu button (bottom of the screen) to access sports markets.

Select Football from the list or use the Search feature (top of the screen) to find a specific match or competition (e.g., Premier League).

Choose the match and market (e.g., Match Odds for win/lose/draw outcomes).

Select the Lay Bet:
In the chosen market, you’ll see blue boxes (back odds) and pink boxes (lay odds) for each outcome (e.g., Team A win, Team B win, Draw).

Tap the pink box next to the outcome you want to lay (bet against). For example, to lay Team A to win, select the lay odds for Team A. This adds the selection to your betslip.

Set Your Liability:
In the betslip, you’ll see fields for Backer’s Stake and Odds. The Backer’s Stake is the amount you want to win (minus commission), and your liability is the amount you risk if the outcome you’re laying occurs.

To lay by liability, you need to calculate the backer’s stake based on your desired liability. The formula is:
Liability = (Lay Odds x Backer’s Stake) – Backer’s Stake

Rearrange to find the backer’s stake: Backer’s Stake = Liability / (Lay Odds – 1).

For example, if you want a £10 liability and the lay odds are 3.0:
Backer’s Stake = £10 / (3.0 – 1) = £10 / 2 = £5.

Enter the calculated Backer’s Stake (e.g., £5) in the betslip. The app will display your liability (e.g., £10) and potential profit (e.g., £5 minus commission).

Note: The Betfair mobile app defaults to setting the backer’s stake, not liability directly. There’s no explicit “lay to liability” option on the mobile app, unlike some desktop platforms, so you must calculate the stake manually or use a lay bet calculator.

Adjust Odds (Optional):
If you want better odds (lower odds for laying to reduce liability), adjust the odds in the betslip. For example, if the current lay odds are 3.8, you could request 3.65. Your bet will remain unmatched until another user accepts it.

Be cautious, as unmatched bets may lapse or convert to Betfair Starting Price (SP) if not matched by the event start.

Place the Lay Bet:
Check the betslip to confirm your potential profit (backer’s stake minus commission, typically 2–5%) and liability (amount you’ll lose if the laid outcome happens).

Ensure you have sufficient funds in your account to cover the liability.

Tap Place Bet(s) to submit the lay bet. If matched, the bet is active; if unmatched, it remains in the “Open” tab under My Bets.

Monitor and Manage Your Bet:
Go to My Bets (via Menu or My Account) to view open and settled bets. You can cash out if the option is available or adjust your position (e.g., back the same outcome later to trade).

For in-play betting, use the app’s live streaming (if available for the match) to inform decisions, but note that cash-out isn’t available for all markets.

Use a Lay Bet Calculator:
To simplify liability calculations, use Betfair’s Lay Bet Calculator (available on their website) or a third-party tool. Input the odds and desired liability to get the correct backer’s stake.

For example, enter odds of 3.0 and liability of £10 to find you need a £5 backer’s stake.

Key Tips:
Lower Odds, Lower Liability: Laying at shorter odds (e.g., 1.5) reduces liability compared to higher odds (e.g., 3.5). For instance, laying £10 at 1.5 risks £5, while at 3.5 risks £25.

Check Liquidity: Ensure there’s enough money in the market to match your bet, especially for less popular matches.

Commission: Betfair charges 2–5% commission on net winnings. Opt for the 2% commission plan via the “Basic” Rewards package if available.

Avoid Mistakes: Double-check odds (e.g., 4.2 vs. 42) to prevent high liabilities.

Responsible Betting: Only risk what you can afford, as liabilities can be significant at higher odds.

Example:
You want to lay Manchester United to win at odds of 2.5 with a £20 liability.

Calculate: Backer’s Stake = £20 / (2.5 – 1) = £20 / 1.5 = £13.33.

In the app, select Man Utd’s lay odds (2.5), enter £13.33 as the backer’s stake, and confirm. Your liability is £20, and you’ll win £13.33 (minus commission) if Man Utd lose or draw.

For further help, contact Betfair’s customer service via Live Chat or @BetfairCS
on social media. Always gamble responsibly.

If you need clarification or a visual guide, let me know, and I can suggest checking Betfair’s official tutorials or YouTube videos like “How To Lay Bet On Betfair” for app walkthroughs.

Disclaimer: Grok is not a financial adviser; please consult one. Don't share information that can identify you.

Thanks, just not what I'm looking for.

LOL at that. You can't do it on the app. Use your head or a calculator

If you're only laying a single selection in a single bet (rather than eg laying the field to a constant liability) you can enter a guess at the stake in the stake field on the betslip then look at what the red "what-if" figure on that selection is and tweak your stake up/down until that red figure hits your chosen liability.

Not perfect but.

the app is Barry White, can only lay one selection at a time.