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 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 perhaps be second or sboarena third. The new exchanges changed all that.

Now a punter can make whether to back a horse to win or lay it to shed. Many punters now are experts in seeking losers in lieu of winners. In the face it can be should be considerably easier. For instance inside a 14 runner race there is only able to be one winner but you will see 13 losers. It sounds slightly as being a "no brainer," but it is not nearly so simple.

The drawback is one thing called liability. When you place a bet with the bookmaker and provides him your stake money he agrees to offer normally considerably more if your horse wins. Well whenever you lay a horse you're in the role of the bookmaker for the next punter, the individual that thinks the horse you happen to be laying will win.

If it loses that is fine, you are free to keep his stake money but whether it wins then you 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 will likely be A�60.

Betfair does not give credit so simply uses 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 may need a starting bank of at least A�100 and preferably A�200.

There is little doubt how the betting exchanges offer an exciting potential for punters to create a benefit from their wagers. Whether you feel a backer of horses or someone that lays a horse to get rid of you'll want to apply certain rules if you're to achieve success.

One from the big techniques for Betfair success, apart from choosing the right horses is learning how to control and build your bank. Never over extend your bank, never chase loses, never gamble with money that you simply cannot afford to shed.