Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there has been people looking to bet about the result and others happy to take those bets. In the UK before the introduction from the Licensed Betting Offices (LBOs) inside the 1960s much of the off course betting was illegal. The change in the law as well as the increase of major bookmaking companies did much to popularise the sport.

Over the very last decade, with the growth from the Internet, online betting exchanges, particularly Betfair now challenge the original bookmakers near monopoly in the horse race betting market.

There are 5 logic behind why Betfair is proving quite popular amongst punters:

1. Betfair offers a wide range of sports and event betting at the touch of the mouse button. Whether it can be both the.30 at Newmarket or which will get voted off next in Big Brother you can find a market for sboarena it on Betfair.

2. Unlike most bookmakers you're offered the opportunity of either backing by using an event happening or not. For instance you can bet with a specific horse winning a race or laying a horse to not win the race. This essentially allows you to act as the bookmaker.

3. You can normally improve odds on Betfair compared to those made available from bookmakers. This is especially true for priced horses. Although it has to be remembered that successful wagers are subject to a 5% commission charge.

4. Betfair covers around the world sporting events. This means that you are able to bet on races taking place in the UK & Ireland, The USA, Australia, South Africa along with the Far East. Literally you'll be able to bet a day 24 hours a day if you would like.

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

If have not tried Betfair yet it is worthy of going all night . a glance at the website because I am sure that it presence and influence are likely to grow more within the long term.