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

Since 1990 when a computer whiz called Andrew "Bert" Black developed the technology that permits betting exchanges to function 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 make if you should back a horse to win or lay it to reduce. Many punters now specialise in searching for losers as opposed to winners. In the face it can be have to be considerably easier. For instance in a 14 runner race there is only able to be one winner but you will have 13 losers. It sounds slightly being a "no brainer," but it really is not nearly so easy.

The drawback is something called liability. When you place a bet using the bookmaker and give him your stake money he agrees to provide you with normally somewhat more if the horse wins. Well when you lay a horse you might be in the role of the bookmaker for the next punter, the one who thinks the horse you happen to be laying will win.

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

Betfair will not give credit so one which just participate you need to deposit some money into your account. The minimum stake allowed is A�2 so if you happen to be thinking about laying horses you might need a starting bank that is at least A�100 and sbobet preferably A�200.

There is little doubt how the betting exchanges offer an exciting chance for punters to generate a cash in on their wagers. Whether you feel a backer of horses or someone that lays a horse to shed you have to apply certain rules if you are to hit your objectives.

One in the big techniques for Betfair success, apart from choosing the right horses is understanding how to control and build your bank. Never over extend your bank, never chase loses, never gamble with money that you just can't afford to shed.