Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there were people attempting to bet on the result yet others prepared to take those bets. In the UK before introduction from the Licensed Betting Offices (LBOs) inside 1960s much in the off course betting was illegal. The change within the law as well as the growth of major bookmaking companies did much to popularise the sport.

Over the last decade, with all the growth in the Internet, online betting exchanges, sboarena particularly Betfair have started to challenge the regular bookmakers near monopoly with the horse race betting market.

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

1. Betfair supplies a number of sports and event betting on the touch of your mouse. Whether it can be the 2 main.30 at Newmarket or who will get voted off next in Big Brother you'll find a niche for it on Betfair.

2. Unlike most bookmakers you are offered the opportunity of either backing by using an event happening you aren't. For instance it is possible to bet on the specific horse winning a race or laying a horse not to win the race. This in essence lets you work as the bookmaker.

3. You can normally improve odds on Betfair than those offered by bookmakers. This is especially true longer priced horses. Although it must be remembered that most successful wagers are subject to a 5% commission charge.

4. Betfair covers globally sports entertainment. This means that you'll be able to bet on races occurring inside UK & Ireland, The USA, Australia, South Africa along with the Far East. Literally it is possible to bet one day 24 / 7 if you wish.

5. Betfair takes no part within the actual bets, it acts purely as an 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 are very successful, unlike most leading bookmakers they will not close your bank account down.

If you've not tried Betfair yet it really is worth going inside them for hours a review of their site because I am sure that it presence and influence will certainly grow even more in the coming years.