Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there were people attempting to bet around the result and others willing to take those bets. In the UK before the introduction of the Licensed Betting Offices (LBOs) in the 1960s much with the off course betting was illegal. The change within the law along with the expansion of major bookmaking companies did much to popularise the sport.

Over the past decade, with all the growth with the Internet, online betting exchanges, particularly Betfair have started to challenge the traditional bookmakers near monopoly from the horse race betting market.

There are 5 main reasons why Betfair is proving so well received amongst punters:

1. Betfair offers a massive amount sports and sboarena event betting at the touch of the mouse button. Whether it is the 2 main.30 at Newmarket or that will get voted off next in Big Brother you can find a market for this on Betfair.

2. Unlike most bookmakers you happen to be offered the opportunity of either backing by using an event happening you aren't. For instance you'll be able to bet over a specific horse winning a race or laying a horse not to win the race. This in essence enables you to behave as the bookmaker.

3. You can normally progress odds on Betfair compared to those provided by bookmakers. This is especially true for priced horses. Although it must be remembered that all successful wagers are be subject to a 5% commission charge.

4. Betfair covers worldwide sports. This means that you are able to bet on races going on inside UK & Ireland, The USA, Australia, South Africa as well as the Far East. Literally you can bet one day night and day if you wish.

5. Betfair takes no part in the actual bets, it acts purely being an intermediary. It makes its money by charging 5% on all successful bets. This means that it does not worry in the event you win or lose. Therefore if you're very successful, unlike most leading bookmakers they will not close your bank account down.

If have not tried Betfair yet it really is well worth going all night . a glance at their site because I am sure who's presence and influence will certainly grow a lot more within the future years.