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 enables betting exchanges to work the horse racing fans options have widened. Before the punter was limited on backing a horse either to win or why not be second or third. The new exchanges improved the situation dramatically.

Now a punter can choose whether to back a horse to win or lay it to lose. Many punters now concentrate on searching for losers instead of winners. In the face it is have to be considerably easier. For instance in a very 14 runner race there can only be one winner but you will see 13 losers. It sounds a little bit as being a "no brainer," but it can be not nearly that easy.

The drawback is a thing called liability. When you place a bet using the bookmaker and provide him your stake money he agrees to give you normally far more if your horse wins. Well whenever you lay a horse you might be serving as the bookmaker for another punter, the one who thinks the horse you happen to be laying will win.

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

Betfair does not give credit so before you can participate you will need to deposit some money in your account. The minimum stake allowed is A�2 so if you might be pondering laying horses you may need a starting bank of at least A�100 and preferably A�200.

There is little doubt that the betting exchanges produce an exciting chance of punters to create a profit from their wagers. Whether you then become a backer of horses or someone who lays a horse to get rid of you need to apply certain rules if you are to be successful.

One with the big secrets to Betfair success, besides picking the right horses is learning 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.