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Whats the difference between laying to liability and payout ????
Does anybody here , lay to payout and why ?
cant seem to grasp it properly
cheers
Does anybody here , lay to payout and why ?
cant seem to grasp it properly
cheers
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Replies: 16
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any advice anyone ?
cheers |
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one is the maximum amount of bait you could lose, the other is the size of fish you could catch.
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anybody feeling generous ?
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I will put you out of your misery.
Understand what you are asking RE: SINGLE Bets. - However ... The Tool/Option is very useful when you are Laying MORE than one horse in a market - and you want your PAYOUT to be the SAME - whichever horse wins. Saves you having to work out the different Stakes/Liabities for each horse due to the various differing odds. |
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have you got any more gems,i ll just get a pen.
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cheers onlooker .
When i've been laying certain types of horses i've just done it to liabilty - whether it be 1,2 or even more in a race --- Having had a look at the PAYOUT option i'm not too sure whether laying to liability is correct . Any advice ? cheers |
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One of the basic principles at Betfair is that a customer is only allowed to risk funds that are available in their account.
Liability (sometimes also referred as Exposure) is a term which represents the amount of money used to cover a bet. This liability is taken from your available to bet balance which ensures you have enough money to cover your worst case scenario. Example: If you place a lay bet for £10 stake at odds of 11.0 your liability will be £100 |
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11kv
I fully understand the meaning of liability and payout. I am just not sure which one i should be using ? Say for eg i'm laying 2 horses in the same race - would i be better using liability or payout ? |
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cant seem to grasp it properly
Me too 100 liability 110 payout must be some reason for it someone ? |
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That depends on you assertion as to the horses chances.
Say 3 horses ... @ 3.0 (2/1) - 4.5 (7/2) - and 6.6 (touch above 11/2) - for simplicity. If you want to PAYOUT £100 - whichever wins = Use Payout, by inserting 100 in the PAYOUT Box/Option. It will then calculate YOUR Liability, and the BACKER's stakes automatically. 3.0 = Your Liability £66.66 - Backer's stake £33.33 (in round figures) - PAYOUT 100 (£99.99) 4.5 = 77.77 - 22.22 - PAYOUT 100 (99.99) 6.6 = 84.84 - 15.15 - PAYOUT 100 (99.99) - less commission. However - You may wish to LAY them ALL to win, say, £50, from each - then your LIABILITY will, obviously, SOAR the bigger each price is. Beware, that Laying more than one horse in the PLACE market, to PAYOUT £100, as above - could, of course, result in your PAYOUT being THREE times £100 - in a conventional Place market. |
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cheers onlooker , i'm probably not explaining myself correctly .
I only lay WIN , and have been laying to lose 5% of bank , roughly £100 . If more than one selection in any race , obviously the liability becomes less , Would i be better laying liability or payout iyo , whether it one or multiple lays per race . Or doesnt it matter ??? cheers |
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any advice please ?
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Payout is a make-believe scenario that imagines you are a bookie putting notes in your
satchel. Take 100-10 you add a tenner to your satchel (field money) but you'll be out £110 if it wins. For BF purposes it is useless in my humble opinion. More useful would be a Bet d a q type tool where you could lay everything to take (say) £100. |
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this is key imo
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Hi Swifty. Do you mean the Bet d a q type tool? They've had it years, I think. I'm surprised
it's not on this site. |
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Hi Pete the Bloke
I meant the OP's question. Beat The Overround has expounded at length on the subject of laying at Betfair SP to a fixed liability. It's a bumpy ride but there is an edge. |