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

Since 1990 each time a computer whiz called Andrew "Bert" Black developed the technology that permits betting exchanges to work the horse racing fans options have widened. Before the punter was limited on backing a horse either to win or be second or sboarena third. The new exchanges changed all that.

Now a punter can choose whether to back a horse to win or lay it to lose. Many punters now are experts in searching for losers instead of winners. In the face it is has to be considerably easier. For instance in a 14 runner race there is only able to be one winner but you will see 13 losers. It sounds a little bit just like a "no brainer," but it can be not quite so simple.

The drawback is one area called liability. When you place a bet while using bookmaker and present him your stake money he agrees to offer normally somewhat more if the horse wins. Well if you lay a horse you are becoming the bookmaker for the next punter, the individual that 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 it wins then you pay him towards the agreed odds and that I your liability. So if you have decided to lay the horse at 7.0 for A�10 after that your liability will probably be A�60.

Betfair will not give credit so one which just get involved you must deposit some dough to your account. The minimum stake allowed is A�2 so if you happen to be considering 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 potential for punters to make a profit from their wagers. Whether you feel a backer of horses or someone who lays a horse to reduce you should apply certain rules if you might be to reach your goals.

One with the big tips for Betfair success, aside 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 which you do not want to shed.