Horse Race Betting- 5 Reasons To Use Betfair

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Since horse racing began there have been people planning to bet around the result among others ready to take those bets. In the UK prior to the introduction from the Licensed Betting Offices (LBOs) inside the 1960s much with the off course betting was illegal. The change inside the law as well as the growth of major bookmaking companies is doing much to popularise the experience.

Over the very last decade, using the growth of the Internet, online betting exchanges, particularly Betfair have started to challenge the traditional bookmakers near monopoly with the horse race betting market.

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

1. Betfair offers a wide range of sports and event betting at the touch of the mouse button. Whether it really is the 2 main.30 at Newmarket or who will get voted off next in Big Brother you will find market because of it on Betfair.

2. Unlike most bookmakers you might be offered the opportunity of either backing on an event happening or sboarena not. For instance it is possible to bet with a specific horse winning a race or laying a horse not to win the race. This in effect enables you to become the bookmaker.

3. You can normally get better odds on Betfair than these made available from bookmakers. This is especially true for priced horses. Although it must be remembered that successful wagers are be subject to a 5% commission charge.

4. Betfair covers globally sports entertainment. This means that it is possible to bet on races taking place inside UK & Ireland, The USA, Australia, South Africa and the Far East. Literally you'll be able to bet one day 24 hours a day should you desire.

5. Betfair takes no part inside 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 should you win or lose. Therefore if you are very successful, unlike most leading bookmakers they won't close your bank account down.

If you've not tried Betfair yet it is worth going all night . a review of the website because I am sure it presence and influence are likely to grow a lot more inside long term.