Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there are people planning to bet on the result yet others happy to take those bets. In the UK before the introduction with the Licensed Betting Offices (LBOs) inside the 1960s much of the off course betting was illegal. The change inside law along with the development of major bookmaking companies is doing much to popularise the game.

Over the past decade, with all the growth with the Internet, online betting exchanges, particularly Betfair now challenge the standard bookmakers near monopoly of the horse race betting market.

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

1. Betfair comes with a great deal of sports and event betting at the touch of your mouse. Whether it's the 2.30 at Newmarket or which will get voted off next in Big Brother you will discover an industry for it on Betfair.

2. Unlike most bookmakers you are offered the opportunity of either backing with an event happening you aren't. For instance you can bet on the specific horse winning a race or laying a horse not to win the race. This in essence permits you to work as the bookmaker.

3. You can normally get better odds on Betfair compared to those offered by bookmakers. This is especially true longer priced horses. Although it has to be remembered that every successful wagers are at the mercy of a 5% commission charge.

4. Betfair covers globally sports. This means that you are able to bet on races happening inside UK & Ireland, sbobet The USA, Australia, South Africa along with the Far East. Literally you can bet a day 24 / 7 if you want.

5. Betfair takes no part in the actual bets, it acts purely as a possible intermediary. It makes its money by charging 5% on all successful bets. This means that no worry should you win or lose. Therefore if you might be very successful, unlike most leading bookmakers they won't close your money down.

If have not tried Betfair yet it is really worth going all night . a peek at their website because I am sure that it presence and influence will certainly grow more inside future years.