not quite. if you lay at 2.0 your liability is £100 but you only win whatever the backer stakes minus commission
lay betting takes practice to understand properly
premium charge only applies to high frequency profitable customers. most punters never hit it.
also from jan 2025 average commission is down to 2.5% for UK users
laying means betting against something happening. so if you lay manchester united youre betting they wont win
you set the odds and someone else backs them at those odds
betfair exchange is where its at.commission is only 5% on net winnings and you can lay bets. margins are basically whatever the market decides. oftn much better than traditional bookies
ur welcome
dont overthink it kid. if you think theyre stealing your money then dont play. simple as that
but honestly you'll lose money either way so does it really matter if theyre cheating or not lol
