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 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 improved the situation dramatically.

Now a punter can choose if you should back a horse to win or lay it to shed. Many punters now concentrate on trying to find losers rather than winners. In the face it's has to be considerably easier. For sbobet instance in a very 14 runner race there is only able to be one winner but you will have 13 losers. It sounds a bit like a "no brainer," but it's nearly so simple.

The drawback is something called liability. When you place a bet with all the bookmaker and provides him your stake money he agrees to offer you normally somewhat more if the horse wins. Well whenever you lay a horse you are acting as the bookmaker for one more punter, the one who thinks the horse you are laying will win.

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

Betfair will not give credit so before you can get involved you will need to deposit some cash in your account. The minimum stake allowed is A�2 so if you're thinking of 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 offer an exciting chance for punters to generate a cash in on their wagers. Whether you in turn become a backer of horses or someone who lays a horse to reduce you need to apply certain rules if you are to reach your goals.

One in the big secrets to Betfair success, aside from choosing the right horses is finding out how to control and build your bank. Never over extend your bank, never chase loses, never gamble with money that you simply can't afford to get rid of.