ok considering placing a bet

I don't gamble, i think it's dumb but I do have the don't knock it until you've tried it mentality

so I happen to know nothing about betting

anyway using betfair.com:

Back (Bet for)
A vs B
You are betting FOR Draw to win.
your odds: 22
your stake: 10
your profit: 210

if the outcome is a draw I win?

that makes perfect sense

how about this, betfair.com again

Lay (Bet against)
A vs B
You are betting AGAINST Draw to win.
Backer's Odds: 60
Backer's Stake: 10
Liability: 590
Payout: 600

if the outcome is NOT A DRAW i win?

to me the odds are way too insane and i'm led to believe that you're backing a bet for someone else to lay against, or is it really if it's not a draw i win at 60/1 but if it is a draw i'm fucked and have to pay 60/1 ?

gambling addict explain plz