Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there were people wanting to bet for the result while others prepared to take those bets. In the UK until the introduction in the Licensed Betting Offices (LBOs) inside 1960s much with the off course betting was illegal. The change inside law along with the growth of major bookmaking companies is doing much to popularise the experience.

Over the past decade, using the growth of the Internet, online betting exchanges, particularly Betfair now challenge the regular bookmakers near monopoly from the horse race betting market.

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

1. Betfair comes with a massive amount sports and event betting in the touch of the mouse. Whether it can be both the.30 at Newmarket or who will get voted off next in Big Brother you'll 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 you aren't. For instance you are able to bet with a specific horse winning a race or laying a horse to never win the race. This in effect lets you act as the bookmaker.

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

4. Betfair covers around the world sports. This means that you'll be able to bet on races taking place in the UK & Ireland, The USA, Australia, South Africa and sboarena also the Far East. Literally you can bet one day 24 / 7 if you would like.

5. Betfair takes no part inside actual bets, it acts purely just as one 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 might be very successful, unlike most leading bookmakers they'll not close your account down.

If have not tried Betfair yet it's worthy of going inside them for hours a review of their site because I am sure it presence and influence will certainly grow a lot more inside the long term.