Horse Race Betting- 5 Reasons To Use Betfair

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

Over the final decade, while using growth from the Internet, online betting exchanges, particularly Betfair began to challenge the original bookmakers near monopoly from the horse race betting market.

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

1. Betfair provides a number of sports and sbobet event betting on the touch of the mouse. Whether it's the two.30 at Newmarket or which will get voted off next in Big Brother you'll find a market for it on Betfair.

2. Unlike most bookmakers you're offered the opportunity of either backing with an event happening you aren't. For instance it is possible to bet on a specific horse winning a race or laying a horse to never win the race. This in place permits you to become the bookmaker.

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

4. Betfair covers worldwide competitive sports. This means that it is possible to bet on races occurring inside the UK & Ireland, The USA, Australia, South Africa along with the Far East. Literally you are able to bet one day night and day if you would like.

5. Betfair takes no part within 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 does not worry should you win or lose. Therefore if you might be very successful, unlike most leading bookmakers they will not close your account down.

If you haven't tried Betfair yet it can be really worth going inside them for hours a glance at their site because I am sure that it presence and influence are going to grow a lot more inside future years.