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 before introduction in the Licensed Betting Offices (LBOs) in the 1960s much from the off course betting was illegal. The change within the law as well as the growth of major bookmaking companies is doing much to popularise the sport.

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

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

1. Betfair provides a great deal of sports and event betting with the touch of a button. Whether it is both the.30 at Newmarket or that 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 by using an event happening or otherwise not. For instance it is possible to bet on the specific horse winning a race or laying a horse to never win the race. This in place 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 should be remembered that successful wagers are at the mercy of a 5% commission charge.

4. Betfair covers worldwide competitive sports. This means that you can bet on races happening inside UK & Ireland, The USA, Australia, South Africa and the Far East. Literally it is possible to bet 24 hours around the clock if you want.

5. Betfair takes no part inside actual bets, it acts purely as an intermediary. It makes its money by charging 5% on all successful bets. This means that no worry should you win or lose. Therefore if you happen to be very successful, unlike most leading bookmakers they will not close your down.

If have not tried Betfair yet it is worthy of going and achieving a look at the website because I am sure that it presence and influence are going to grow even more inside future years.