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

Since 1990 every 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 second or third. The new exchanges improved the situation dramatically.

Now a punter can select if they should back a horse to win or lay it to shed. Many punters now specialise in searching for losers as opposed to winners. In the face it can be must be considerably easier. For instance in a 14 runner race there are only able to be one winner but there will be 13 losers. It sounds a bit as being a "no brainer," but it is less than that simple.

The drawback is something called liability. When you place a bet with all the bookmaker and present him your stake money he agrees to give you normally significantly more if your horse wins. Well whenever you lay a horse you're acting 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 can keep his stake money but whether or not this 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 sboarena A�10 your liability will probably be A�60.

Betfair doesn't give credit so before you can participate you have to deposit some cash into your account. The minimum stake allowed is A�2 so if you happen to be thinking about laying horses you may need a starting bank of at least A�100 and preferably A�200.

There is little doubt the betting exchanges present an exciting chance for punters to create a benefit from their wagers. Whether you become a backer of horses or someone who lays a horse to shed you have to apply certain rules if you are to reach your goals.

One in the big techniques to Betfair success, aside from selecting the correct 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 cannot afford to get rid of.