Horse Race Betting- 5 Reasons To Use Betfair

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Since horse racing began there are people planning to bet about the result and others happy to take those bets. In the UK before introduction from the Licensed Betting Offices (LBOs) in the 1960s much in the off course betting was illegal. The change in the law and also the growth of major bookmaking companies has been doing much to popularise the activity.

Over the very last decade, while using growth with the Internet, online betting exchanges, particularly Betfair have started to challenge the regular bookmakers near monopoly of the horse race betting market.

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

1. Betfair offers a wide range of sports and event betting with the touch of your mouse. Whether it is the 2.30 at Newmarket or who will get voted off next in Big Brother you will find a market for this on Betfair.

2. Unlike most bookmakers you're offered the opportunity of either backing on an event happening or not. For instance you'll be able to bet with a specific horse winning a race or laying a horse never to win the race. This essentially permits you to work as the bookmaker.

3. You can normally improve odds on Betfair than those offered by bookmakers. This is especially true for sbobet longer priced horses. Although it should be remembered that most successful wagers are 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 as well as the Far East. Literally you are able to bet one day 24 hours a day if you wish.

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

If you have not tried Betfair yet it is well worth going and having a glance at their site because I am sure it presence and influence will grow more within the coming years.

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