Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there were people attempting to bet around the result while others happy to take those bets. In the UK until the introduction with the Licensed Betting Offices (LBOs) inside the 1960s much in the off course betting was illegal. The change inside law and the growth of major bookmaking companies has been doing much to popularise the game.

Over the past decade, with the growth from the Internet, online betting exchanges, particularly Betfair began to challenge the traditional bookmakers near monopoly in the horse race betting market.

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

1. Betfair comes with a massive amount sports and event betting with the touch of the mouse. Whether it's the 2.30 at Newmarket or who will get voted off next in Big Brother you'll find market correctly on Betfair.

2. Unlike most bookmakers you're offered the opportunity of either backing while on an event happening or not. For instance it is possible to bet on the specific horse winning a race or laying a horse never to win the race. This in effect allows you to work as the bookmaker.

3. You can normally get better odds on Betfair than these offered by bookmakers. This is especially true for priced horses. Although it needs to be remembered that every successful wagers are susceptible to a 5% commission charge.

4. Betfair covers around the world sporting events. This means that you can bet on races going on inside UK & Ireland, sboarena The USA, Australia, South Africa and also the Far East. Literally you can bet a day night and day should you desire.

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

If you have not tried Betfair yet it is well worth going all night . a look at their site because I am sure that it presence and influence are likely to grow a lot more inside long term.