Backer’s stake explained
When placing a lay (against) bet, the standard setting on Smarkets is to input how much you want to win from the bet. Your liability - how much you have risked - is then calculated based on the odds. This can be reversed so that you input the liability you are willing to risk by changing the backer's stake setting.
You can change to enter the stake as liability on your settings page.
Changing the backer’s stake option
- Load the account settings page.
- Once on the settings screen select General.
- Scroll down the page until you see the backer’s stake option (as displayed below). Simply click this to enter your liability as your stake for lay bets. The odds will then be used to calculate your potential profit from your bet.
- Click save details at the bottom of the page.