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

Since 1990 whenever a computer whiz called Andrew "Bert" Black developed the technology that allows betting exchanges to function 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 things considerably.

Now a punter can make whether or not to back a horse to win or lay it to reduce. Many punters now are experts in seeking losers in lieu of winners. In the face it can be have to be considerably easier. For instance in a very 14 runner race there could only be one winner but you will see 13 losers. It sounds a little bit as being a "no brainer," but it is less than that simple.

The drawback is something called liability. When you place a bet with all the bookmaker and give him your stake money he agrees to give you normally somewhat more in case your horse wins. Well whenever you lay a horse you are serving as the bookmaker for another punter, the one who thinks the horse you happen to be laying will win.

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

Betfair won't give credit so simply uses be involved you have to deposit some cash into your account. The minimum stake allowed is A�2 so if you are considering laying horses you might need a starting bank that is at least A�100 and preferably A�200.

There is little doubt that the betting exchanges present an exciting chance of punters to generate a cash in on their wagers. Whether you feel a backer of horses or sboarena someone that lays a horse to reduce you'll want to apply certain rules if you're to hit your objectives.

One in the big secrets to Betfair success, besides picking the right horses is learning to control and build your bank. Never over extend your bank, never chase loses, never gamble with money which you cannot afford to reduce.