Thread: Question on Betfair
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Old 20th January 2007, 02:33 PM
mad mad is offline
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Join Date: Aug 2005
Posts: 898
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LOL, You're a little off.

You can back it at $6 for $100 and if it wins collect $600.

However if you lay it for $100 at $6 and it wins you stand to lose $600.

Essentially when you lay, you're playing the role of a bookmaker. So potentially you will incur all loses similar to a bookmaker, should the horse win.
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