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 allows 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 third. The new exchanges changed all that.

Now a punter can make whether or not to back a horse to win or lay it to shed. Many punters now concentrate on trying to find losers as opposed to winners. In the face it really is has to be considerably easier. For instance in the 14 runner race there are only able to be one winner but there'll be 13 losers. It sounds a little bit like a "no brainer," but it can be nearly so easy.

The drawback is one thing called liability. When you place a bet with all the bookmaker and give him your stake money he agrees to give you normally far more should your horse wins. Well when you lay a horse you might be acting as the bookmaker for another punter, the one that thinks the horse you might be laying will win.

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

Betfair does not give credit so before you take part you will need to deposit some dough in your account. The minimum stake allowed is A�2 so if you are considering laying horses you will need a starting bank with a minimum of A�100 and preferably A�200.

There is little doubt that the betting exchanges produce an exciting potential for punters to create a make money from their wagers. Whether you in turn become a backer of horses or somebody who lays a horse to lose you have to apply certain rules if you are to be successful.

One in the big techniques to Betfair success, apart from selecting the correct horses is finding out how to control and build your bank. Never over extend your bank, never chase loses, never gamble with money which you cannot afford to lose.