Betfair Maximum Stake Limit
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How To Calculate Your Liability On Betfair
Calculating your Liability on Betfair at first may look and sound a little complex but it is something that you will have to learn to do.
The majority of people can work out their profit from a back bet, in fact, a lot of people can work it out in their head as the calculation is very simple. However, people do not realise that the ‘formula’ to calculate liability on Betfair when laying a bet is just as simple to work out.
So How Do We Calculate The Liability When Laying On Betfair
The basic formula can represented like the following:
Stake Amount x (Lay Odds – 1) = Liability
It really is that simple to calculate your liability. If you are still a little confused about how to calculate your liability, then perhaps these example will help.
Example #1:
You are going to lay a horse at odds of 3.4 with a £10 stake, so how do you calculate your liability?
What Is The Maximum Payout On Betfair
£10 x (3.4 – 1) = Liability
Your liability would therefore be: £24
Example #2:
You want to calculate your liability for a £12.50 lay bet on a particular Grey Hound at odds of 6.5.
£12.50 x (6.5 – 1) = Liability
Your liability would therefore be: £68.75
Easy isn’t it. Calculating your liability really is not that difficult. It is something that people seem to not like to do but if you know how, then it is worth it.
But why is calculating liability on Betfair important ?
Actually, there are a number of reasons as to why it is extremely important that you know exactly how to calculate your liability on Betfair.
1. Unlike, a back bet it is harder to know how much you will lose if you do end up losing. If you were to back a horse for £10 and the horse lost, then you would know that the maximum you would lose on this bet is £10. However, with a lay bet, it is not that simple. You cannot simple place a lay bet for £10 and know you will only lose £10. How much you lose depends solely on the odds: If the odds are high, you will lose a lot. If they are low, you will lose less.
2. You need to calculate liability on Betfair so that you can set yourself some limits. For example, if you didn’t want to lose any more that £50 on one bet with £10 stakes, you would be able to work out that the highest your odds can be is 6. You could therefore minimise your losses by saying to yourself that you will not lay anything with odds greater than 6.
3. If you are trading on betfair, calculating your liability can be vital as you will need to know whether or not trading out or greening up would be worth it at the current odds. For example, if you had backed at horse at 5 for £10 and then the lay odds dropped to 4.5 you could green up. But you would work out your liability so you could work out your overall total potential profit.
See, there are so many reasons for why you may need to calculate your liability. That is only three reasons, but there aremany more.
Most bookmakers place a limit upon the total pay-out they will provide to punters rather than on the total amount you can bet in the first place.
The limits which bookies do place upon pay-outs – and in some rare cases on stake amounts – do differ from one bookmaker to another.
Maximum Bet Amounts At Online Bookmakers:
The following table shows the maximum bet and pay-out amounts at online bookmakers:
| Bookmaker | Max Payout | Review Rating |
|---|---|---|
| Bet365 | £2,000,000 | |
| William Hill | £2,000,000 | |
| Betfair | £1,000,000 | |
| Betfred | £1,000,000 | |
| Coral | £1,000,000 | |
| Paddy Power | £1,000,000 | |
| Betfred | £1,000,000 | |
| Ladbrokes | £1,000,000 | |
| Betvictor | £500,000 | |
| Boylesports | £500,000 | |
| 888Sport | £250,000 | |
| Unibet | £250,000 |
Note: max payout amount varies by sport, above we have listed the biggest payouts possible across all sports.
What is the maximum stake for online bookmakers?
The maximum stake for online bookmakers varies from site to site as some use a max stake and some use a max payout amount. Technically Bet365 have the highest as their max payout is £2,000,000 so you could bet £1,000,000 at evens on their site. See our table for all limits.
Why Max Pay-Out Not Max Bet?
As we mentioned above, most bookmakers limit the maximum pay-out which they will provide rather than the maximum stake amount which they will accept. There are a number of reasons for this:
- Protection against pay-outs large enough to potentially cause financial damage.
- Protection against match fixing (less popular sports often have smaller max bet and max pa-out limits).
- Prevents odds manipulation by high stake punters and other bookmakers.
- Still allows them to take large bets at smaller odds – £100 at 1000/1 much less appealing than £50,000 at even money but bets have same payout.
What Are the Biggest Ever Bets?
On occasion punters do come up with monster bets which payoff big time!
The following five are some of the best examples of past bets which rank among the largest ever, in terms of either initial stake or eventual pay-out:
1. Leicester City Win The League
At the outset of the 2015/16 Premier League season you could get the same odds on Leicester City winning the title (5000-1) as you could on Elvis being found alive.
A number of devoted Foxes fans staked their hard earned cash on their beloved side, however, and Leicester’s ultimate victory is believed to have cost UK bookmakers in the region of £25 million.
The largest individual pay-out amongst that total is believed to be £100,000 paid to a punter in Manchester who bet £20 and resisted the urge to cash out.
2. Saints Take Super Bowl XLIV
Ahead of Super Bowl XLIV pretty much every expert, analyst and fan fancied the Indianapolis Colts to beat the New Orleans Saints. Infamous Las Vegas professional gambler Billy Walters, however, had other ideas.
He backed the underdog Saints to the tune of $3.5 million and whilst exactly how much he won when they did triumph is unknown, it is likely to have been an extraordinary amount.
3. Monty’s Pass Wins the National
Blackpool born Mick Futter, an owner of numerous bingo halls in Britain and Ireland, made headlines in 2003 thanks to the exploits of his horse Monty’s Pass in the Grand National.
Betfair Maximum Bet Limit
Futter and the other four co-owners of the horse placed numerous bets of £5,000 and £10,000 at 33-1 and 20-1 respectively, and duly received well over £1 million when Monty’s Pass was first past the post.
4.‘Money’ Mayweather
In 2015 boxer Floyd ‘Money’ Mayweather took to social media site Instagram to boast about his sports betting exploits. Over the course of four days, Mayweather had staked a total of $350,000 on a combination of NBA games and a middleweight boxing bout.
The four separate bets all paid off and ‘Money’ revelled in revealing that he had received winnings totalling $827,272.73.
5. Frankie’s Magnificent Seven
A feat which has spawned its own online casino game, when Frankie Dettori won all seven races on the card at an Ascot meeting in 1996, he also won punter Darren Yeats some serious dough.
A dedicated gambler from Morecambe, Yeats placed a total of £59 on Dettori’s seven mounts and once the Italian completed his 25,000-1 seven timer, he collected £550,000 from the bookies.
Related:Which bookmaker has the maximum deposit limits?