I'm new to all this betting exchange, but i have a few questions for you guys here if u dont mind explain it to me.
So, as you can see in the picture, we have barca's match tomorrow with those lines and
odds.
The questions are:
1: For example i LAY the DRAW at 10.0 with $2, the system shows me potential winnings will be $20 and a liable funds of $18 has to be in the account to back up if the bet is lost.
2: At the circle 1, there is $105 under the 10.0 odd. What does this number mean? Is it saying the maximum you can bet at the odd is $105 or is it something else?
3: And if i place only $2 bet which will have $20 if the bet won. Is it ok for me to bet only like $2 on that bet or it has to be $105 like it stating under the odd?
4: If my bet actually won ( game result is not draw), the winnings will be in the account correct?
5: When i place a bet with current odds (LAY bet with the solid pink box), will my bet matched instantly ?
Because i live in US which will be like hell if i cant play at the book (betfair). I'm too curious about this betting exchange system of BetFair has. Any answers will be appreciated.