Horse Race Betting- 5 Reasons To Use Betfair

Since horse racing began there are people attempting to bet for the result while others ready to take those bets. In the UK prior to the introduction from the Licensed Betting Offices (LBOs) within the 1960s much from the off course betting was illegal. The change inside the law along with the increase of major bookmaking companies has done much to popularise the sport.

Over the last decade, with all the growth from the Internet, online betting exchanges, particularly Betfair began to challenge the regular bookmakers near monopoly in the horse race betting market.

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

1. Betfair comes with a number of sports and event betting at the touch of a button. Whether it can be the two.30 at Newmarket or which will get voted off next in Big Brother you'll find a niche for this on Betfair.

2. Unlike most bookmakers you might be offered the opportunity of either backing while on an event happening or otherwise not. For instance you can bet with a specific horse winning a race or laying a horse not to win the race. This in essence permits you to work as the bookmaker.

3. You can normally improve odds on Betfair than those offered by bookmakers. This is especially true for longer priced horses. Although it needs to be remembered that every successful wagers are be subject to a 5% commission charge.

4. Betfair covers world wide competitive sports. This means that you'll be able to bet on races taking place inside the UK & Ireland, The USA, Australia, South Africa and sboarena the Far East. Literally it is possible to bet 24 hours around the clock if you would like.

5. Betfair takes no part inside the actual bets, it acts purely just as one intermediary. It makes its money by charging 5% on all successful bets. This means that no worry should you win or lose. Therefore if you might be very successful, unlike most leading bookmakers they won't close your account down.

If you haven't tried Betfair yet it really is well worth going inside them for hours a review of their site because I am sure which it presence and influence will grow even more within the long term.