Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there have been people planning to bet about the result while others ready to take those bets. In the UK prior to the introduction of the Licensed Betting Offices (LBOs) inside 1960s much of the off course betting was illegal. The change inside law along with the development of major bookmaking companies is doing much to popularise the experience.

Over the final decade, with all the growth from the Internet, online betting exchanges, particularly Betfair have started to challenge the standard bookmakers near monopoly from the horse race betting market.

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

1. Betfair supplies a great deal of sports and event betting at the touch of your mouse. Whether it really is the 2 main.30 at Newmarket or sbobet who will get voted off next in Big Brother you'll find market correctly 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 can bet over a specific horse winning a race or laying a horse never to win the race. This in place enables you to act as the bookmaker.

3. You can normally progress odds on Betfair than those available from bookmakers. This is especially true for longer priced horses. Although it should be remembered that most successful wagers are be subject to a 5% commission charge.

4. Betfair covers worldwide sports entertainment. This means that you can bet on races happening within the UK & Ireland, The USA, Australia, South Africa and the Far East. Literally you are able to bet 24 hours night and day should you desire.

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 it doesn't worry should you win or lose. Therefore if you happen to be very successful, unlike most leading bookmakers they'll not close your bank account down.

If you have not tried Betfair yet it can be worth going inside them for hours a glance at their site because I am sure who's presence and influence are likely to grow even more within the future years.