Hi,
I am new to this forum, so apologies if I have posted this in the wrong place! Feel free to move it if I have!
My question is about Betdaq in comparison to Betfair, when it comes to laying and liability.
On Betfair, when I place a lay bet, the only money I need in my account is the liability. For example, if I lay at 1.15 at £50, the liability is £7.50. I only need to have £7.50 in my account to play this bet.
However, on Betdaq, when I lay at 1.15 for £50, the liability is the same, £7.50, but on the betting slip it says "Total stake £50".
Why is the total stake £50? My liability should only be £7.50.
Betdaq - stake/liability question
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ShaunWhite
- Posts: 10559
- Joined: Sat Sep 03, 2016 3:42 am
Stake and liability aren't the same. When you place a back bet they are, but for a lay bet the stake is seen from the perspective of the person you've transacted with, it's their stake. It's the amount that they could loose and therefore the amount you could win. The liability on a lay bet is the amount you could lose (and therefore the amount the other person can win).
Just picture a regular back bet, your stake and somebody else's liability are different. When laying it just the opposite, their stake and your liability are different.
On both exchanges you've accepted a £50 'stake' amount from someone and you've exposed yourself to that £7.50 liability.
Just picture a regular back bet, your stake and somebody else's liability are different. When laying it just the opposite, their stake and your liability are different.
On both exchanges you've accepted a £50 'stake' amount from someone and you've exposed yourself to that £7.50 liability.