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 why not be second or third. The new exchanges improved the situation dramatically.

Now a punter can select whether to back a horse to win or lay it to lose. Many punters now are experts in looking for losers instead of winners. In the face it really is should 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 somewhat just like a "no brainer," but it's not nearly so easy.

The drawback is a thing called liability. When you place a bet using the bookmaker and present him your stake money he agrees to offer normally significantly more in case your horse wins. Well once you lay a horse you happen to be becoming the bookmaker for the next punter, the individual that thinks the horse you happen to be laying will win.

If it loses that is fine, you are free to keep his stake money but whether or not this wins you then pay him on the agreed odds and that I your liability. So if you have consented to lay the horse at 7.0 for A�10 after that your liability will probably be A�60.

Betfair doesn't give credit so simply uses be involved you will need to deposit some cash in your account. The minimum stake allowed is A�2 so if you are thinking of laying horses you will need a starting bank of at least A�100 and preferably A�200.

There is little doubt how the betting exchanges present an exciting opportunity for punters to produce a benefit from their wagers. Whether you become a backer of horses or somebody who lays a horse to reduce you'll want to apply certain rules if you are to be successful.

One in the big techniques for Betfair success, besides picking the right horses is learning how to control and sbobet build your bank. Never over extend your bank, never chase loses, never gamble with money that you simply do not want to reduce.