Horse Race Betting- 5 Reasons To Use Betfair

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

Over the very last decade, while using growth with the Internet, online betting exchanges, particularly Betfair now challenge the standard bookmakers near monopoly from the horse race betting market.

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

1. Betfair comes with a wide range of sports and event betting at the touch of a button. Whether it really is the two.30 at Newmarket or sboarena who will get voted off next in Big Brother you will discover market for it on Betfair.

2. Unlike most bookmakers you might be offered the opportunity of either backing by using an event happening or not. For instance you'll be able to bet with a specific horse winning a race or laying a horse to never win the race. This essentially lets you become the bookmaker.

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

4. Betfair covers globally sports. This means that you'll be able to bet on races happening inside the UK & Ireland, The USA, Australia, South Africa and the Far East. Literally you'll be able to bet twenty four hours 24 / 7 should you desire.

5. Betfair takes no part within 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 if you win or lose. Therefore if you are very successful, unlike most leading bookmakers they'll not close your bank account down.

If you haven't tried Betfair yet it's worthy of going and achieving a review of their site because I am sure it presence and influence will certainly grow even more inside future years.