How do i set a reserve on an item?

Can someone please tell me how to set a reserve on my item, it says to have a reserve to click the option when I do it though it does nothing?

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Stupid Australians (I am one of them) always think they can do things better.

Of course we want the OPTION to set a reserve, who cares if it is a car or a camera.

We are selling something, give us the tools to sell it.