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 whether to back a horse to win or lay it to reduce. Many punters now concentrate on seeking losers in lieu of winners. In the face it can be has to be considerably easier. For instance inside a 14 runner race there is only able to be one winner but you will have 13 losers. It sounds somewhat being a "no brainer," but it's less than that easy.

The drawback is something called liability. When you place a bet with the bookmaker and present him your stake money he agrees to offer you normally significantly more should your horse wins. Well once you lay a horse you might be acting as the bookmaker for the next punter, the one that thinks the horse you are laying will win.

If it loses that is certainly fine, you are free to 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 consented to lay the horse at 7.0 for A�10 then your liability is going to be A�60.

Betfair will not give credit so before you take part you will need to deposit some dough to your account. The minimum stake allowed is A�2 so if you're thinking about laying horses you need a starting bank for at least A�100 and preferably A�200.

There is little doubt the betting exchanges produce an exciting opportunity for punters to make 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 need to apply certain rules if you might be to hit your objectives.

One of the big techniques for Betfair success, aside from selecting the correct horses is understanding how to control and build your bank. Never over extend your bank, never chase loses, never gamble with money which you do not want to lose.