Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there have been people looking to bet for the result among others happy to take those bets. In the UK before the introduction with the Licensed Betting Offices (LBOs) in the 1960s much from the off course betting was illegal. The change inside law and also the expansion of major bookmaking companies is doing much to popularise the game.

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

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

1. Betfair supplies a great deal of sports and event betting with the touch of the mouse. Whether it is the 2.30 at Newmarket or who will get voted off next in Big Brother you will find a niche for this on Betfair.

2. Unlike most bookmakers you are offered the opportunity of either backing on an event happening or otherwise not. For instance you'll be able to bet on the specific horse winning a race or laying a horse never to win the race. This in essence allows you to work as the bookmaker.

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

4. Betfair covers around the world sports entertainment. This means that it is possible to bet on races going on within the UK & Ireland, The USA, Australia, South Africa as well as the Far East. Literally you are able to bet 24 hours 24 hours a day if you want.

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

If you have not tried Betfair yet it's really worth going inside them for hours a glance at their site because I am sure who's presence and influence will grow more in the long term.