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

Since 1990 each time a computer whiz called Andrew "Bert" Black developed the technology that allows betting exchanges to be effective the horse racing fans options have widened. Before the punter was limited on backing a horse either to win or be second or sbobet third. The new exchanges improved the situation dramatically.

Now a punter can choose if they should back a horse to win or lay it to reduce. Many punters now are experts in looking for losers rather than winners. In the face it can be have to be considerably easier. For instance in a 14 runner race there are only able to be one winner but there will be 13 losers. It sounds slightly being a "no brainer," but it's less than that easy.

The drawback is one thing called liability. When you place a bet while using bookmaker and present him your stake money he agrees to give you normally significantly more if your horse wins. Well if you lay a horse you're in the role of the bookmaker for the next punter, the individual that thinks the horse you're laying will win.

If it loses that's fine, you are free to keep his stake money but when it wins you then pay him for 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 will likely be A�60.

Betfair will not give credit so before you get involved you have to deposit some cash in your account. The minimum stake allowed is A�2 so if you happen to be thinking about laying horses you will need a starting bank with a minimum of A�100 and preferably A�200.

There is little doubt how the betting exchanges offer an exciting potential for punters to generate a cash in on their wagers. Whether you then become a backer of horses or somebody that lays a horse to lose you need to apply certain rules if you might be to be successful.

One with the big tips for Betfair success, in addition to 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 simply can't afford to reduce.