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 function the horse racing fans options have widened. Before the punter was limited on backing a horse either to win or perhaps be second or third. The new exchanges changed all that.

Now a punter can make if they should back a horse to win or lay it to get rid of. Many punters now are experts in searching for losers as opposed to winners. In the face it really is should be considerably easier. For instance inside a 14 runner race there are only able to be one winner but there will be 13 losers. It sounds a little bit as being a "no brainer," but it can be not nearly that easy.

The drawback is a thing called liability. When you place a bet while using bookmaker and present him your stake money he agrees to offer you normally considerably more if the horse wins. Well if you lay a horse you are serving as the bookmaker for the next punter, the one who thinks the horse you're laying will win.

If it loses that is certainly fine, you are free to keep his stake money but whether it wins you then pay him for the agreed odds and that I your liability. So if you have agreed to lay the horse at 7.0 for sbobet A�10 then your liability will be A�60.

Betfair does not give credit so before you participate you will need to deposit some cash in your account. The minimum stake allowed is A�2 so if you are 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 produce an exciting opportunity for punters to generate a cash in on their wagers. Whether you become a backer of horses or someone that lays a horse to get rid of you'll want to apply certain rules if you might be to reach your goals.

One of the big secrets to Betfair success, in addition to selecting the correct 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 cannot afford to lose.