Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there are people looking to bet around the result and others prepared to take those bets. In the UK prior to the introduction of the Licensed Betting Offices (LBOs) inside the 1960s much from the off course betting was illegal. The change in the law along with the expansion of major bookmaking companies has done much to popularise the experience.

Over the past decade, with the growth in the Internet, online betting exchanges, particularly Betfair began to challenge the traditional bookmakers near monopoly with the horse race betting market.

There are 5 explanations why Betfair is proving quite popular amongst punters:

1. Betfair supplies a wide range of sports and event betting on the touch of the mouse. Whether it really is the 2.30 at Newmarket or which 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 while on an event happening or otherwise not. For instance it is possible to bet over a specific horse winning a race or laying a horse not to win the race. This in effect allows you to work as the bookmaker.

3. You can normally get better odds on Betfair than others offered by bookmakers. This is especially true for extended priced horses. Although it should be remembered that every successful wagers are at the mercy of a 5% commission charge.

4. Betfair covers around the world sporting events. This means that you are able to bet on races occurring inside the UK & Ireland, The USA, Australia, South Africa as well as the Far East. Literally you can bet twenty four hours night and day should you desire.

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 no worry in case you win or sboarena lose. Therefore if you might be very successful, unlike most leading bookmakers they're not going to close your down.

If you haven't tried Betfair yet it really is worth going and achieving a glance at their website because I am sure who's presence and influence are likely to grow more inside the future years.