Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there are people attempting to bet about the result while others ready to take those bets. In the UK until the introduction of the Licensed Betting Offices (LBOs) within the 1960s much of the off course betting was illegal. The change within the law as well as the expansion of major bookmaking companies did much to popularise the experience.

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

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

1. Betfair provides a number of sports and event betting on the touch of the mouse button. Whether it is the 2.30 at Newmarket or who will get voted off next in Big Brother you'll find a niche because of it on Betfair.

2. Unlike most bookmakers you happen to be offered the opportunity of either backing while on an event happening or not. For instance you can bet on a specific horse winning a race or laying a horse never to win the race. This in effect lets you become the bookmaker.

3. You can normally improve odds on Betfair than these available from bookmakers. This is especially true for extended priced horses. Although it should be remembered that all successful wagers are subject to a 5% commission charge.

4. Betfair covers globally sporting events. This means that you are able to bet on races happening inside the UK & Ireland, The USA, 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 within 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 might be 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 worthy of going and achieving a review of their website because I am sure which it presence and influence will certainly grow much more within the future years.