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 work 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 things considerably.

Now a punter can select if they should back a horse to win or lay it to reduce. Many punters now are experts in seeking losers rather than winners. In the face it is should be considerably easier. For instance in a very 14 runner race there could only be one winner but you will have 13 losers. It sounds slightly just like a "no brainer," but it is nearly that simple.

The drawback is something called liability. When you place a bet using the bookmaker and provides him your stake money he agrees to provide you with normally somewhat more should your horse wins. Well when you lay a horse you happen to be serving as the bookmaker for an additional punter, the one who thinks the horse you are laying will win.

If it loses that is certainly fine, you're able to keep his stake money but whether 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 your liability is going to be A�60.

Betfair won't give credit so simply uses be involved you need to deposit some money into the account. The minimum stake allowed is A�2 so if you happen to be thinking of laying horses you may need a starting bank that is at least A�100 and preferably A�200.

There is little doubt the betting exchanges produce an exciting potential for sbobet punters to create a profit from their wagers. Whether you in turn become a backer of horses or somebody who lays a horse to lose you have to apply certain rules if you are to achieve success.

One in the big techniques to Betfair success, besides choosing the right horses is finding out how to control and build your bank. Never over extend your bank, never chase loses, never gamble with money that you do not want to lose.