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

Since 1990 whenever 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 perhaps second or third. The new exchanges changed all that.

Now a punter can choose whether or not to back a horse to win or lay it to shed. Many punters now concentrate on looking for losers instead of winners. In the face it's have to be considerably easier. For instance in the 14 runner race there can only be one winner but you will have 13 losers. It sounds slightly being a "no brainer," but it really is less than that simple.

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

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

Betfair doesn't give credit so simply uses take part you have to deposit some money into the account. The minimum stake allowed is A�2 so if you happen to be pondering laying horses you may 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 opportunity for punters to produce a make money from their wagers. Whether you in turn become a backer of horses or someone that lays a horse to get rid of you should apply certain rules if you're to be successful.

One in the big secrets to Betfair success, besides choosing the right horses is understanding how to control and build your bank. Never over extend your bank, never chase loses, sboarena never gamble with money which you cannot afford to reduce.