https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payoutsHi, I'm new here so...please go easy on me!I understand the concept of Lay betting (in that you're betting that an outcome WON'T happen), but what I don't get is how the profit is worked out. I understand the liability side of things, as that's straihttps://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503773447#503773447@f1fanNo trouble.Thu, 28 Jul 2011 07:45:07 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503696625#503696625there were to parties to the bet, the bet was struck at 11.0 (10/1), the other party was staking £2 to try win £20, you were the counterparty and when the bet was declared a loser you took the £2 stake money from the other party, should it have woWed, 27 Jul 2011 11:43:33 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503695877#503695877Thanks longbridge, that page was exactly what I was originally looking for.All the searches I tried failed to show the page!Wed, 27 Jul 2011 11:35:33 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503665509#503665509I've said it before, but the BF online help really is pretty good at this kind of basic stuff - lay betting page is at:http://betfair-en.custhelp.com/app/answers/detail/a_id/6482/p/107/b/97Wed, 27 Jul 2011 05:51:56 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503630805#503630805When you are Laying the stake (the £2 ) is not yours . It is the stake of the person betting £2 to win £20 off you.Tue, 26 Jul 2011 18:45:04 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503588505#503588505I'm sure I will need it. Yeah, I'm fairly new to gambling, I seem to pick horrible Backs so am trying my hand at Laying. Horses aren't really my thing so am doing it all in F1 races - something I know more about than horses!Tue, 26 Jul 2011 11:38:26 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503587177#503587177Ok, that's cleared it up for me, thanks for everyone's input.I shall now continue along my Lay path :)Tue, 26 Jul 2011 11:27:14 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503586033#503586033they never win, though. All winners hereTue, 26 Jul 2011 11:16:10 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503583265#503583265Sorry, I should clarify the above:Ok, so you only ever win the amount you staked back (as profit), regardless of the odds?Tue, 26 Jul 2011 10:49:27 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28069321/help-with-lay-betting-concept-and-payouts?post_id=503582909#503582909Ok, so you only always ever win your stake back, regardless of the odds?£2.00 @ 17 = Liability: £32.00, Payout: £34.00.£2.00 @ 10 = Liability: £20.00, Payout: £22.00.£2.00 @ 150 = Liability: £298.00, Payout: £300.00.£5.00 @ 10 = Liability:Tue, 26 Jul 2011 10:45:45 -0500