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

sbo" style="max-width:450px;float:left;padding:10px 10px 10px 0px;border:0px;">Now a punter can make whether or not to back a horse to win or lay it to reduce. Many punters now are experts in trying to find losers instead of winners. In the face it's has to be considerably easier. For instance in a very 14 runner race there could only be one winner but there will be 13 losers. It sounds slightly as being a "no brainer," but it really is not quite that easy.

The drawback is a thing called liability. When you place a bet with all the bookmaker and present him your stake money he agrees to provide you with normally far more in case your horse wins. Well when you lay a horse you are becoming the bookmaker for an additional punter, the one that thinks the horse you happen to be laying will win.

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

Betfair doesn't give credit so before you can take part you have to deposit some funds into your account. The minimum stake allowed is A�2 so if you are pondering laying horses you may need a starting bank that is at least A�100 and preferably A�200.

There is little doubt that the betting exchanges offer an exciting chance of punters to produce a profit from their wagers. Whether you in turn become a backer of horses or someone who lays a horse to get rid of you should apply certain rules if you're to reach your goals.

One from the big techniques to Betfair success, apart from choosing the right horses is learning to control and build your bank. Never over extend your bank, never chase loses, never gamble with money that you simply cannot afford to get rid of.