Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there were people planning to bet on the result and others willing to take those bets. In the UK before the introduction in the Licensed Betting Offices (LBOs) inside the 1960s much with the off course betting was illegal. The change inside law along with the expansion of major bookmaking companies has been doing much to popularise the sport.

Over the very last decade, with the growth from the Internet, sboarena online betting exchanges, particularly Betfair have learned to challenge the original bookmakers near monopoly in the horse race betting market.

There are 5 main reasons why Betfair is proving very popular amongst punters:

1. Betfair provides a wide range of sports and event betting at the touch of your mouse. Whether it really is both the.30 at Newmarket or that will get voted off next in Big Brother you'll find market for this on Betfair.

2. Unlike most bookmakers you happen to be offered the opportunity of either backing with an event happening or otherwise. For instance you can bet on the specific horse winning a race or laying a horse never to win the race. This in effect lets you behave as the bookmaker.

3. You can normally improve odds on Betfair than others provided by bookmakers. This is especially true for priced horses. Although it needs to be remembered that most successful wagers are at the mercy of a 5% commission charge.

4. Betfair covers worldwide sports. This means that you can bet on races going on within the UK & Ireland, The USA, Australia, South Africa and the Far East. Literally you'll be able to bet a day 24 hours a day if you wish.

5. Betfair takes no part in the actual bets, it acts purely just as one intermediary. It makes its money by charging 5% on all successful bets. This means that it doesn't worry in case you win or lose. Therefore if you're very successful, unlike most leading bookmakers they're not going to close your account down.

If you have not tried Betfair yet it's worth going and having a glance at the website because I am sure it presence and influence will grow even more within the future years.