Horse Race Betting- 5 Reasons To Use Betfair

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

Over the last decade, while using growth from the Internet, online betting exchanges, particularly Betfair have started to challenge the standard bookmakers near monopoly in the horse race betting market.

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

1. Betfair comes with a wide range of sports and event betting on the touch of the mouse. Whether it's the two.30 at Newmarket or that will get voted off next in Big Brother you can find market correctly on Betfair.

2. Unlike most bookmakers you're offered the opportunity of either backing with an event happening or otherwise. For instance it is possible to bet on a specific horse winning a race or laying a horse not to win the race. This in essence enables you to behave as the bookmaker.

3. You can normally recover odds on Betfair compared to those made available from bookmakers. This is especially true for longer priced horses. Although it has to be remembered that successful wagers are susceptible to a 5% commission charge.

4. Betfair covers around the world competitive sports. This means that you'll be able to bet on races going on within the UK & Ireland, The USA, sbobet Australia, South Africa as well as the Far East. Literally you can bet 24 hours 24 hours a day if you would like.

5. Betfair takes no part inside the actual bets, it acts purely as an 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're very successful, unlike most leading bookmakers they'll not close your bank account down.

If you haven't tried Betfair yet it is worthy of going inside them for hours a review of their website because I am sure it presence and influence will grow a lot more in the coming years.