Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there were people looking to bet for the result yet others willing to take those bets. In the UK before the introduction of the Licensed Betting Offices (LBOs) within the 1960s much of the off course betting was illegal. The change inside the law as well as the expansion of major bookmaking companies has done much to popularise the game.

Over the final decade, sbobet with all the growth with the Internet, online betting exchanges, particularly Betfair have started to challenge the traditional bookmakers near monopoly of the horse race betting market.

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

1. Betfair supplies a massive amount sports and event betting in the touch of your mouse. Whether it can be the 2.30 at Newmarket or that will get voted off next in Big Brother you'll find a niche correctly on Betfair.

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

3. You can normally progress odds on Betfair compared to those made available from bookmakers. This is especially true longer priced horses. Although it should be remembered that most successful wagers are susceptible to a 5% commission charge.

4. Betfair covers worldwide competitive sports. This means that you are able to bet on races going on within the UK & Ireland, The USA, Australia, South Africa and also the Far East. Literally it is possible to bet twenty four hours 24 hours a day if you would like.

5. Betfair takes no part in the actual bets, it acts purely as a possible intermediary. It makes its money by charging 5% on all successful bets. This means that it doesn't worry in case you win or lose. Therefore if you are very successful, unlike most leading bookmakers they won't close your down.

If you've not tried Betfair yet it is well worth going and having a peek at the website because I am sure it presence and influence will certainly grow even more in the future years.