Horse Race Betting- 5 Reasons To Use Betfair

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

Over the past decade, using the growth from the Internet, online betting exchanges, particularly Betfair now challenge the original bookmakers near monopoly in the horse race betting market.

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

1. Betfair supplies a massive amount sports and event betting on the touch of your mouse. Whether it is the 2.30 at Newmarket or who will get voted off next in Big Brother you will discover a market for it on Betfair.

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

3. You can normally improve odds on Betfair compared to those provided by bookmakers. This is especially true for longer priced horses. Although it has to be remembered that most successful wagers are be subject 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 in the UK & Ireland, The USA, Australia, South Africa and also the Far East. Literally you can bet twenty four hours night and day if you wish.

5. Betfair takes no part in 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 doesn't worry in case you win or lose. Therefore if you might be very successful, sbobet unlike most leading bookmakers they will not close your money down.

If you have not tried Betfair yet it can be worth going and having a review of their site because I am sure which it presence and influence will certainly grow more in the coming years.