Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there have been people looking to bet on the result yet others willing to take those bets. In the UK before the introduction of the Licensed Betting Offices (LBOs) inside the 1960s much in the off course betting was illegal. The change within the law and the increase of major bookmaking companies is doing much to popularise the sport.

Over the very last decade, using the growth in the Internet, online betting exchanges, particularly Betfair began to challenge the standard bookmakers near monopoly of the horse race betting market.

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

1. Betfair offers a massive amount sports and event betting with the touch of your mouse. Whether it's the two.30 at Newmarket or who'll get voted off next in Big Brother you will find a market for it on Betfair.

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

3. You can normally progress odds on Betfair than those provided by bookmakers. This is especially true for sboarena extended priced horses. Although it needs to be remembered that all successful wagers are at the mercy of a 5% commission charge.

4. Betfair covers worldwide sports. This means that you are able to bet on races occurring within the UK & Ireland, The USA, Australia, South Africa and the Far East. Literally you can bet a day 24 / 7 should you desire.

5. Betfair takes no part inside the actual bets, it acts purely as an intermediary. It makes its money by charging 5% on all successful bets. This means that no worry in the event you win or lose. Therefore if you are very successful, unlike most leading bookmakers they're not going to close your money down.

If you've not tried Betfair yet it can be really worth going and having a glance at their website because I am sure that it presence and influence will certainly grow more within the future years.