Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there were people wanting to bet on the result among others willing to take those bets. In the UK before the introduction of the Licensed Betting Offices (LBOs) in the 1960s much of the off course betting was illegal. The change within the law and also the growth of major sbobet bookmaking companies is doing much to popularise the game.

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

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

1. Betfair provides a massive amount sports and event betting on the touch of a button. Whether it can be both the.30 at Newmarket or which will get voted off next in Big Brother you can find market correctly on Betfair.

2. Unlike most bookmakers you are offered the opportunity of either backing while on an event happening or otherwise not. For instance you'll be able to bet on a specific horse winning a race or laying a horse never to win the race. This in essence permits you to act as the bookmaker.

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

4. Betfair covers worldwide sports. This means that you can bet on races happening in the UK & Ireland, The USA, Australia, South Africa along with 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 as a possible intermediary. It makes its money by charging 5% on all successful bets. This means that this doesn't worry should you win or lose. Therefore if you're very successful, unlike most leading bookmakers they're not going to close your bank account down.

If you have not tried Betfair yet it is well worth going and achieving a review of their website because I am sure that it presence and influence will grow even more inside the long term.