Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there has been people looking to bet on the result and others willing 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 within the law along with the increase of major bookmaking companies is doing much to popularise the activity.

Over the last decade, with all the growth from the Internet, online betting exchanges, particularly Betfair now challenge the original bookmakers near monopoly with the horse race betting market.

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

1. Betfair offers a number of sports and event betting at the touch of the mouse. Whether it really is both the.30 at Newmarket or that will get voted off next in Big Brother you'll find an industry for this on Betfair.

2. Unlike most bookmakers you are offered the opportunity of either backing with an event happening or otherwise. For instance you can bet with a specific horse winning a race or laying a horse to not win the race. This in place enables you to behave as the bookmaker.

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

4. Betfair covers world wide sports. This means that it is possible to bet on races taking place inside the UK & Ireland, sboarena The USA, Australia, South Africa along with the Far East. Literally you can bet one day around the clock if you wish.

5. Betfair takes no part inside 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 in case you win or lose. Therefore if you're very successful, unlike most leading bookmakers they won't close your money down.

If have not tried Betfair yet it can be really worth going and having a peek at the website because I am sure which it presence and influence will certainly grow even more in the future years.