A couple of odd questions

[new to betting]

Right, at the risk of sounding stupid I have a couple of questions.......
Her we go

1: when I green up and win, who's money am I taking? Other traders alike or betfair? I know betfair take there cut but I really can't get my head around this.

2: is there a big problem with letting you're lay bets go in-play? Obviously I know the risks but if you lay before the off with odds between 10-20 surely you stand a better chance of winning? Something IV thought about but not toyed with as the liability is too much for my wallet.

Thanks in advance!

[THENUTS]

1) other traders / punters

2) dont bother - you will lose - much longer story

[new to betting]

Thank you for you're reply. I thought it was other people but I still can't grasp it lol but that's all I needed.

Wondering what the long story is though lol. But thanks never the less

[LinusP]

You lay at 5, the horse has a 20% chance of winning, you lay at 20 and the horse has a 5% chance of winning (1/20) So yes there is less chance of you loosing you money but if it does win you lose over 4x as much.

[new to betting]

Ah fair one. I will stay well clear of that idea. Thank you