Racing November Daily Punt: Counting down to the Ballarat Cup

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Can someone please explain to me Betfair, more so the ins and outs of laying a horse. I have a futures multi going and now only need Cascadian to win the Northerly to get up. When laying it, the liability is how much money I am willing to place correct? And the stake section is how much profit I will get back if the horse doesn’t win? Example, I’ve got $250 in the liability section, with $65.79 in the stake section. That $65.79 is profit on top of my $250 bet yes? Not just $65.79 returned (effectively a loss)??
 
Can someone please explain to me Betfair, more so the ins and outs of laying a horse. I have a futures multi going and now only need Cascadian to win the Northerly to get up. When laying it, the liability is how much money I am willing to place correct? And the stake section is how much profit I will get back if the horse doesn’t win? Example, I’ve got $250 in the liability section, with $65.79 in the stake section. That $65.79 is profit on top of my $250 bet yes? Not just $65.79 returned (effectively a loss)??
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Using an example

odds = the odds you've given them $3.65

Stake = the money you win if this horse loses, Eg $50

Liability = the money you lose if this horses wins Eg $132.50


You're basically being the bookie and giving someone 3.65 odds on that horse

Also there are like 5-10% commission fees depending on the market
 
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Using an example

odds = the odds you've given them $3.65

Stake = the money you win if this horse loses, Eg $50

Liability = the money you lose if this horses wins Eg $132.50


You're basically being the bookie and giving someone 3.65 odds on that horse

Also there are like 5-10% commission fees depending on the market
Ok I understand it better now, thanks for clearing that up for me
 
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