Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there have been people planning to bet for the result yet others ready to take those bets. In the UK before the introduction of the Licensed Betting Offices (LBOs) inside 1960s much in the off course betting was illegal. The change within the law and also the increase of major bookmaking companies has done much to popularise the activity.

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

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

1. Betfair supplies a massive amount 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 discover market for it on Betfair.

2. Unlike most bookmakers you're offered the opportunity of either backing on an event happening or sboarena not. For instance you'll be able to bet over a specific horse winning a race or laying a horse never to win the race. This in effect lets you become the bookmaker.

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

4. Betfair covers worldwide sporting events. This means that you are able to bet on races occurring inside the UK & Ireland, The USA, Australia, South Africa and also the Far East. Literally you are able to bet one day around the clock if you want.

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 this doesn't worry should 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 haven't tried Betfair yet it really is worthy of going and achieving a look at their website because I am sure it presence and influence will certainly grow much more inside coming years.