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

Since 1990 when a computer whiz called Andrew "Bert" Black developed the technology that permits betting exchanges to function the horse racing fans options have widened. Before the punter was limited on backing a horse either to win or why not be second or sbobet third. The new exchanges changed things considerably.

Now a punter can make if you should back a horse to win or lay it to lose. Many punters now concentrate on looking for losers as opposed to winners. In the face it can be has to be considerably easier. For instance inside a 14 runner race there could only be one winner but you will see 13 losers. It sounds somewhat just like a "no brainer," but it's not quite that easy.

The drawback is a thing called liability. When you place a bet using 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 happen to be acting as the bookmaker for one more punter, the one who thinks the horse you're laying will win.

If it loses that is certainly fine, you can keep his stake money but whether it wins then you pay him for the agreed odds and that I your liability. So if you have opted for lay the horse at 7.0 for A�10 then your liability will likely be A�60.

Betfair will not give credit so one which just take part you need to deposit some money into the account. The minimum stake allowed is A�2 so if you are thinking about laying horses you may need a starting bank of at least A�100 and preferably A�200.

There is little doubt the betting exchanges offer an exciting chance of punters to produce a profit from their wagers. Whether you then become a backer of horses or somebody that lays a horse to lose you should apply certain rules if you are to achieve success.

One from the big tips for Betfair success, besides 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 lose.