Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there are people wanting to bet for the result yet others happy to take those bets. In the UK until the introduction with the Licensed Betting Offices (LBOs) inside 1960s much in the off course betting was illegal. The change inside law and also the increase of major bookmaking companies did much to popularise the game.

Over the past decade, using the growth from the Internet, online betting exchanges, particularly Betfair have started to challenge the traditional bookmakers near monopoly with the horse race betting market.

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

1. Betfair comes with a number of sports and event betting on the touch of the mouse. Whether it really is the 2 main.30 at Newmarket or that will get voted off next in Big Brother you will find market for this on Betfair.

2. Unlike most bookmakers you are offered the opportunity of either backing by using an event happening or not. For instance you are able to bet on the specific horse winning a race or laying a horse to not win the race. This in effect permits you to behave as the bookmaker.

3. You can normally recover odds on Betfair compared to those provided by bookmakers. This is especially true for extended priced horses. Although it needs to be remembered that successful wagers are be subject to a 5% commission charge.

4. Betfair covers around the world sports entertainment. This means that you can bet on races occurring inside UK & Ireland, sbobet The USA, Australia, South Africa as well as the Far East. Literally it is possible to bet 24 hours 24 / 7 if you would like.

5. Betfair takes no part inside 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 if you win or lose. Therefore if you might be very successful, unlike most leading bookmakers they're not going to close your down.

If have not tried Betfair yet it really is well worth going inside them for hours a peek at the website because I am sure that it presence and influence are going to grow even more within the long term.