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 which 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 perhaps be second or third. The new exchanges improved the situation dramatically.

Now a punter can make whether or not to back a horse to win or lay it to shed. Many punters now focus on trying to find losers rather than winners. In the face it really is must be considerably easier. For instance inside a 14 runner race there could only be one winner but there'll be 13 losers. It sounds somewhat being a "no brainer," but it can be less than that simple.

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

If it loses that is certainly fine, you're able to keep his stake money but whether or not this wins then you certainly pay him to the agreed odds and that I your liability. So if you have opted for lay the horse at 7.0 for A�10 your liability is going to be A�60.

Betfair doesn't give credit so simply uses get involved you must deposit some money into your account. The minimum stake allowed is A�2 so if you might be thinking of laying horses you 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 benefit from their wagers. Whether you become a backer of horses or somebody who lays a horse to get rid of you'll want to apply certain rules if you happen to be to be successful.

One in the big tips for Betfair success, apart from choosing the right horses is finding out how to control and sbobet build your bank. Never over extend your bank, never chase loses, never gamble with money that you simply cannot afford to reduce.