Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there are people planning to bet about the result among others happy to take those bets. In the UK before introduction from the Licensed Betting Offices (LBOs) inside 1960s much with the off course betting was illegal. The change in the law along with the increase of major bookmaking companies is doing much to popularise the sport.

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

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

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

2. Unlike most bookmakers you are offered the opportunity of either backing while on an event happening or otherwise not. For instance you'll be able to bet over a specific horse winning a race or laying a horse not to win the race. This in essence lets you behave as the bookmaker.

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

4. Betfair covers worldwide sporting events. This means that you'll be able to bet on races going on inside the UK & Ireland, The USA, Australia, South Africa and also the Far East. Literally you are able to 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 no worry in case you win or lose. Therefore if you're very successful, unlike most leading bookmakers they're not going to close your money down.

If you've not tried Betfair yet it is worthy of going all night . a glance at their site because I am sure who's presence and sboarena influence are going to grow much more inside future years.