Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there have been people wanting to bet on the result and others willing to take those bets. In the UK before the introduction from the Licensed Betting Offices (LBOs) in the 1960s much from the off course betting was illegal. The change in the law and the growth of major bookmaking companies did much to popularise the experience.

Over the past decade, while using growth in the Internet, sbobet online betting exchanges, particularly Betfair have learned to challenge the original bookmakers near monopoly in the horse race betting market.

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

1. Betfair supplies a number of sports and event betting at the touch of the mouse button. Whether it can be the 2.30 at Newmarket or which will get voted off next in Big Brother you'll find a market correctly on Betfair.

2. Unlike most bookmakers you happen to be offered the opportunity of either backing with an event happening or otherwise. For instance you'll be able to bet with a specific horse winning a race or laying a horse not to win the race. This in effect enables you to work as the bookmaker.

3. You can normally get better odds on Betfair than others made available from bookmakers. This is especially true for longer priced horses. Although it needs to be remembered that successful wagers are susceptible to a 5% commission charge.

4. Betfair covers globally sports. This means that you can bet on races taking place inside UK & Ireland, The USA, Australia, South Africa along with the Far East. Literally it is possible to bet a day around the clock if you wish.

5. Betfair takes no part in the actual bets, it acts purely being an 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're very successful, unlike most leading bookmakers they're not going to close your bank account down.

If you've not tried Betfair yet it's worthy of going and achieving a glance at their site because I am sure who's presence and influence are likely to grow a lot more inside the long term.