Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there are people planning to bet for the result among others willing to take those bets. In the UK until the introduction with the Licensed Betting Offices (LBOs) within the 1960s much with the off course betting was illegal. The change inside law as well as the development of major bookmaking companies is doing much to popularise the activity.

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

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

1. Betfair comes with a massive amount sports and event betting on the touch of a button. Whether it is both the.30 at Newmarket or sbobet who'll get voted off next in Big Brother you will discover a niche correctly on Betfair.

2. Unlike most bookmakers you might be offered the opportunity of either backing while on an event happening you aren't. For instance you can bet over a specific horse winning a race or laying a horse to never win the race. This in effect lets you work as the bookmaker.

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

4. Betfair covers worldwide sports. This means that you'll be able to bet on races happening inside 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 wish.

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 this doesn't worry in the event you win or lose. Therefore if you might be very successful, unlike most leading bookmakers they won't close your account down.

If you have not tried Betfair yet it can be really worth going and having a peek at the website because I am sure who's presence and influence will certainly grow a lot more in the long term.