Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there are people looking to bet around the result and others happy to take those bets. In the UK before introduction with the Licensed Betting Offices (LBOs) within the 1960s much with the off course betting was illegal. The change within the law as well as the increase of major bookmaking companies has been doing much to popularise the experience.

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

There are 5 logic behind why Betfair is proving so well received amongst punters:

1. Betfair supplies a massive amount sports and event betting with the touch of your mouse. Whether it is the two.30 at Newmarket or who'll get voted off next in Big Brother you will discover a niche for it on Betfair.

2. Unlike most bookmakers you're offered the opportunity of either backing while on an event happening or otherwise. For instance you can bet on a specific horse winning a race or laying a horse to not win the race. This in effect allows you to behave as the bookmaker.

3. You can normally get better odds on Betfair than these provided by bookmakers. This is especially true longer priced horses. Although it needs to be remembered that most successful wagers are subject to a 5% commission charge.

4. Betfair covers world wide sports. This means that you are able to bet on races taking place within the UK & Ireland, The USA, Australia, South Africa as well as the Far East. Literally you'll be able to bet one day night and day if you want.

5. Betfair takes no part in the actual bets, it acts purely being an 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 happen to be very successful, sboarena unlike most leading bookmakers they're not going to close your bank account down.

If have not tried Betfair yet it can be well worth going and having a review of their website because I am sure it presence and influence will grow even more inside future years.