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

Since 1990 every time a computer whiz called Andrew "Bert" Black developed the technology which 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 perhaps second or third. The new exchanges improved the situation dramatically.

Now a punter can choose if they should back a horse to win or sbobet lay it to lose. Many punters now are experts in looking for losers rather than winners. In the face it's have to be considerably easier. For instance inside a 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 not quite that easy.

The drawback is something called liability. When you place a bet with the bookmaker and provides him your stake money he agrees to provide you with normally significantly more if your horse wins. Well whenever you lay a horse you happen to be acting as the bookmaker for an additional punter, the individual that thinks the horse you might be laying will win.

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

Betfair will not give credit so one which just take part you have to deposit some dough in your account. The minimum stake allowed is A�2 so if you might be thinking about laying horses you may need a starting bank of at least A�100 and preferably A�200.

There is little doubt that this betting exchanges present an exciting chance of punters to create a make money from their wagers. Whether you feel a backer of horses or somebody who lays a horse to shed you'll want to apply certain rules if you might be to achieve success.

One of the big techniques to Betfair success, besides picking 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 just do not want to shed.