Horse Race Betting- 5 Reasons To Use Betfair

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Since horse racing began there are people wanting to bet for the result while others prepared to take those bets. In the UK before the introduction from the Licensed Betting Offices (LBOs) inside the 1960s much with the off course betting was illegal. The change inside the law and the development of major bookmaking companies has done much to popularise the activity.

Over the final decade, with the growth from the Internet, online betting exchanges, particularly Betfair began to challenge the original bookmakers near monopoly of the horse race betting market.

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

1. Betfair offers a great deal of sports and event betting in the touch of a button. Whether it's both the.30 at Newmarket or which will get voted off next in Big Brother you'll find market because of it on Betfair.

2. Unlike most bookmakers you might be offered the opportunity of either backing while on an event happening you aren't. For instance you can bet with a specific horse winning a race or laying a horse never to win the race. This in essence permits you to work as the bookmaker.

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

4. Betfair covers around the world sports. This means that you'll be able to bet on races happening within the UK & Ireland, The USA, Australia, South Africa and the Far East. Literally you are able to bet a day around the clock if you would like.

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

If you've not tried Betfair yet it can be well worth going and achieving a glance at the website because I am sure that it presence and influence are likely to grow more within the future years.