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 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 why not be second or third. The new exchanges improved the situation dramatically.

Now a punter can make whether to back a horse to win or lay it to get rid of. Many punters now specialise in looking for losers as opposed to winners. In the face it is have to be considerably easier. For instance in a 14 runner race there could only be one winner but there will be 13 losers. It sounds somewhat like a "no brainer," but it really is not nearly that simple.

The drawback is one area called liability. When you place a bet using 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 acting as the bookmaker for the next punter, the one that thinks the horse you are laying will win.

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

Betfair doesn't give credit so before you participate you must deposit some dough into the account. The minimum stake allowed is A�2 so if you happen to be thinking about laying horses you will need a starting bank for at least A�100 and preferably A�200.

There is little doubt that the betting exchanges offer an exciting opportunity for punters to produce a benefit from their wagers. Whether you in turn become a backer of horses or someone that lays a horse to lose you have to apply certain rules if you are to reach your goals.

One from the big techniques for Betfair success, in addition to picking 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 can't afford to shed.