Horse Race Betting- 5 Reasons To Use Betfair

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

Over the very last decade, sboarena with all the growth of the Internet, online betting exchanges, particularly Betfair have started to challenge the regular bookmakers near monopoly with the horse race betting market.

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

1. Betfair offers a wide range of sports and event betting in the touch of your mouse. Whether it really is the 2.30 at Newmarket or which will get voted off next in Big Brother you will find a niche for it 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 never to win the race. This in place allows you to work as the bookmaker.

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

4. Betfair covers worldwide sports entertainment. This means that you'll be able to bet on races occurring within the UK & Ireland, The USA, Australia, South Africa along with the Far East. Literally it is possible to bet 24 hours around the clock if you wish.

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 this doesn't worry should you win or lose. Therefore if you might be very successful, unlike most leading bookmakers they will not close your money down.

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