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betfair Q

  • 23-06-2009 7:33pm
    #1
    mayordenis
    Moderators, Education Moderators Posts: 9,654 Mod ✭✭✭✭


    hey real sorry - pretty noobish with betting - have an account on betfair,
    I see someone who I think is going to lose something and I see that in the lay section it is "130" - but I'm pretty worried as I don't understand the whole thing,
    if I put a few euro against him winning on that am I just betting say €4 that he'll lose or what's going on?

    when I go to put 4 euro on it it's telling me my liability is like 500 euro - which is obviously not what I'm going for here.


Comments

  • #2
    opr
    Registered Users, Registered Users 2 Posts: 8,267 ✭✭✭opr


    Thats means if you want to lay them the price is 130. Essentially this means you are offering someone else 129-1 on them winning.

    So if you lay it for 4 euro you would have to pay them @ the price above on 4 euro if he wins and if he loses you win his 4 euro.

    Think of it like you being the bookie

    Opr


  • #3
    mayordenis
    Moderators, Education Moderators Posts: 9,654 Mod ✭✭✭✭mayordenis


    cheers just had a read - never tried that side of gambling, never will. thanks again.


  • #4
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    mayordenis wrote: »
    cheers just had a read - never tried that side of gambling, never will. thanks again.
    Don't let laying odds scare you.

    Remember, if you lay a 1.50 shot for €2, then you're essentially getting odds of 2/1.


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