The Truth About Sports Betting Tips

Since horse racing began there were people looking to bet around the result and others willing to take those bets. In the UK prior to the introduction from the Licensed Betting Offices (LBOs) inside the 1960s much in the off course betting was illegal. The change inside the law along with the increase of major bookmaking companies has been doing much to popularise the experience.

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

There are 5 explanations why Betfair is proving very popular amongst punters:

1. Betfair supplies a number of sports and event betting at the touch of a button. Whether it is the 2.30 at Newmarket or who will get voted off next in Big Brother you can find a market for it on Betfair.

2. Unlike most bookmakers you're offered the opportunity of either backing with an event happening or otherwise. For instance you'll be able to bet on a specific horse winning a race or laying a horse to never win the race. This in effect allows you to become the bookmaker.

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

4. Betfair covers world wide sports. This means that you can bet on races going on inside UK & Ireland, The USA, Australia, South Africa along with the Far East. Literally you can bet a day around the clock if you would like.

5. Betfair takes no part within the actual bets, it acts purely as a possible intermediary. It makes its money by charging 5% on all successful bets. This means that this doesn't worry in case you win or lose. Therefore if you happen to be very successful, sbobet unlike most leading bookmakers they won't close your down.

If you have not tried Betfair yet it's well worth going and having a review of their website because I am sure which it presence and influence are likely to grow more within the long term.