Horse Race Betting- 5 Reasons To Use Betfair

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

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

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

1. Betfair provides a number of sports and event betting in the touch of a button. Whether it can be the two.30 at Newmarket or who'll get voted off next in Big Brother you can find a market for it on Betfair.

2. Unlike most bookmakers you happen to be offered the opportunity of either backing by using an event happening or otherwise not. For sbobet instance you'll be able to bet on a specific horse winning a race or laying a horse to not win the race. This in essence enables you to act as the bookmaker.

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

4. Betfair covers globally sporting events. This means that you'll be able to bet on races happening in the UK & Ireland, The USA, Australia, South Africa along with the Far East. Literally it is possible to bet one day night and day if you want.

5. Betfair takes no part inside actual bets, it acts purely being an 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're very successful, unlike most leading bookmakers they're not going to close your down.

If you have not tried Betfair yet it is worth going and achieving a glance at their website because I am sure it presence and influence will certainly grow even more within the future years.