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 which 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 if you should back a horse to win or lay it to get rid of. Many punters now are experts in trying to find losers instead of winners. In the face it really is have to be considerably easier. For instance inside a 14 runner race there can only be one winner but you will see 13 losers. It sounds slightly being a "no brainer," but it's nearly so simple.

The drawback is a thing called liability. When you place a bet while using bookmaker and provide him your stake money he agrees to offer normally somewhat more should your horse wins. Well once you lay a horse you happen to be becoming the bookmaker for one more punter, the one that thinks the horse you happen to be laying will win.

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

Betfair won't give credit so before you participate you must deposit some funds to your account. The minimum stake allowed is A�2 so if you are thinking about laying horses you may need a starting bank with a minimum of A�100 and preferably A�200.

There is little doubt that this betting exchanges present an exciting chance for punters to make a cash in on their wagers. Whether you in turn become a backer of horses or somebody that lays a horse to reduce you should apply certain rules if you happen to be to hit your objectives.

One from the big techniques for sboarena Betfair success, in addition to choosing 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 simply do not want to get rid of.