Liability is the money that you are liable to pay out at the exchange if your lay bet loses. We are acting as the ‘bookmaker’ at the exchange and so we are liable to pay
Liability is the money that you are liable to pay out at the exchange if your lay bet loses. We are acting as the ‘bookmaker’ at the exchange and so we are liable to pay out other people’s winnings.
As you can see from our Matched Betting Calculator, if we were to place a matched bet with a £10 stake at back and lay odds of 5.0 and 5.3, our liability would be £40.55.
If our lay bet loses, then we would lose the £40.55. However, as this is part of a matched bet, we would win £40 at the bookmakers (£10 stake x 5.0 back odds), giving us the approximate -£0.57 Qualifying Loss shown in the calculation.
When we place a lay bet, our liability is locked up until the bet becomes settled.
So if we assume that we have £100 in our exchange account and we place a matched bet using the same calculation above; £40.55 will be locked up as liability until the bet settles, leaving £59.45 remaining in our account.
- If our lay bet wins, then our £40.55 will be released back into our account, along with our £9.43 lay bet win, leaving us with a balance of £109.43
- If our lay bet loses, then we lose our £40.55, leaving us with a balance of £59.45
The higher the odds you matched bet on, the more liability you will have.
As you continue further into your matched betting journey, you will need more funds in your exchange account to cover your liabilities, especially if you are matched betting on multiple offers at once.
We recommend that you take your time when matched betting on multiple offers, especially when you’re starting out and funds are limited. Be patient and only place matched bets as far as your funds allow. With limited funds, allow your existing bets to settle and your exchange liabilities to be released back into your account before placing further matched bets.
With time and patience, you will slowly build up your funds where you can take on more matched bets at once.
We recommend playing around with the Matched Betting Calculator yourself and see how different stakes and odds influence the liability.
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