Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there have been people wanting to bet on the result while others ready to take those bets. In the UK before the 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 increase of major sbobet bookmaking companies is doing much to popularise the game.

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

There are 5 main reasons why Betfair is proving so well received amongst punters:

1. Betfair comes with a wide range of sports and event betting at the touch of the mouse. Whether it really is both the.30 at Newmarket or who will get voted off next in Big Brother you'll find a market for this on Betfair.

2. Unlike most bookmakers you happen to be offered the opportunity of either backing with an event happening or not. For instance it is possible to bet over a specific horse winning a race or laying a horse to never win the race. This in essence enables you to behave as the bookmaker.

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

4. Betfair covers globally competitive sports. This means that it is possible to bet on races occurring in the UK & Ireland, The USA, Australia, South Africa along with the Far East. Literally it is possible to bet 24 hours around the clock should you desire.

5. Betfair takes no part within the actual bets, it acts purely as an 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're very successful, unlike most leading bookmakers they won't close your money down.

If you've not tried Betfair yet it really is well worth going and achieving a review of their website because I am sure which it presence and influence will certainly grow even more inside the future years.