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 enables 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 be second or third. The new exchanges changed all that.

Now a punter can make if you should back a horse to win or lay it to lose. Many punters now concentrate on searching for losers as opposed to winners. In the face it's have to be considerably easier. For instance in a very 14 runner race there are only able to be one winner but you will have 13 losers. It sounds a bit being a "no brainer," but it's not nearly that simple.

The drawback is one area called liability. When you place a bet with the bookmaker and give him your stake money he agrees to offer normally considerably more in case your horse wins. Well once you lay a horse you're serving as the bookmaker for the next punter, the one who thinks the horse you might be laying will win.

If it loses that's fine, you are free to keep his stake money but whether it wins you then pay him towards the agreed odds and sboarena that I your liability. So if you have agreed to lay the horse at 7.0 for A�10 then your liability will likely be A�60.

Betfair won't give credit so before you can take part you will need to deposit some dough to your account. The minimum stake allowed is A�2 so if you are pondering laying horses you may need a starting bank with a minimum of A�100 and preferably A�200.

There is little doubt the betting exchanges present an exciting opportunity for punters to produce a profit from their wagers. Whether you then become a backer of horses or somebody who lays a horse to lose you should apply certain rules if you happen to be to achieve success.

One from the big tips for Betfair success, besides picking 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 which you cannot afford to reduce.