Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there has been people looking to bet on the result and others prepared to take those bets. In the UK prior to the introduction with the Licensed Betting Offices (LBOs) inside the 1960s much with the off course betting was illegal. The change inside law as well as the expansion of major bookmaking companies is doing much to popularise the activity.

Over the final decade, using the growth from the Internet, online betting exchanges, particularly Betfair now challenge the original bookmakers near monopoly from the horse race betting market.

There are 5 reasons why Betfair is proving so well received amongst punters:

1. Betfair supplies a wide range of sports and event betting at the touch of the mouse. Whether it's the 2.30 at Newmarket or that will get voted off next in Big Brother you will find an industry for it on Betfair.

2. Unlike most bookmakers you are offered the opportunity of either backing by using an event happening or otherwise. For instance it is possible to bet on the specific horse winning a race or laying a horse to not win the race. This essentially lets you become the bookmaker.

3. You can normally improve odds on Betfair than those made available from bookmakers. This is especially true for longer priced horses. Although it should be remembered that most successful wagers are at the mercy of a 5% commission charge.

4. Betfair covers worldwide sports. This means that you are able to bet on races taking place within the UK & Ireland, The USA, Australia, South Africa and the Far East. Literally you can bet 24 hours night and day if you would like.

5. Betfair takes no part inside the actual bets, it acts purely just as one intermediary. It makes its money by charging 5% on all successful bets. This means that it doesn't worry in case you win or sbobet lose. Therefore if you might be very successful, unlike most leading bookmakers they're not going to close your bank account down.

If have not tried Betfair yet it can be well worth going inside them for hours a peek at the website because I am sure it presence and influence will certainly grow more in the long term.