Horse Race Betting - Betfair Should You Go For Winners Or Losers

Since 1990 when a computer whiz called Andrew "Bert" Black developed the technology that allows betting exchanges to function the horse racing fans options have widened. Before the punter was limited on backing a horse either to win or sboarena perhaps second or third. The new exchanges changed things considerably.

Now a punter can select if you should back a horse to win or lay it to get rid of. Many punters now are experts in looking for losers as opposed to winners. In the face it really is must be considerably easier. For instance in the 14 runner race there is only able to be one winner but there will be 13 losers. It sounds a bit being a "no brainer," but it can be nearly so easy.

The drawback is one thing called liability. When you place a bet with all the bookmaker and provides him your stake money he agrees to give you normally significantly more should your horse wins. Well once you lay a horse you might be in the role of the bookmaker for one more punter, the one that thinks the horse you are laying will win.

If it loses that is fine, you get to keep his stake money but when it wins then you definitely pay him to the agreed odds and that I your liability. So if you have opted for lay the horse at 7.0 for A�10 then your liability is going to be A�60.

Betfair will not give credit so before you can participate you must deposit some cash into your account. The minimum stake allowed is A�2 so if you're thinking about laying horses you may need a starting bank that is at least A�100 and preferably A�200.

There is little doubt the betting exchanges produce an exciting chance of punters to generate a make money from their wagers. Whether you then become a backer of horses or somebody that lays a horse to reduce you need to apply certain rules if you are to achieve success.

One with the big tips for Betfair success, besides choosing the right horses is learning how to control and build your bank. Never over extend your bank, never chase loses, never gamble with money that you do not want to shed.