Horse Race Betting- Betfair, should you go for winners or losers?

By: dave ofgrims

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 changed all that.

Now a punter can select whether to back a horse to win or lay it to lose. Many punters now specialise in looking for losers rather than winners. In the face it is must be considerably easier. For instance in a 14 runner race there can only be one winner but there will be 13 losers. It sounds a little bit like a “no brainer,” but it is not quite that easy.

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

If it loses that is fine, you get to keep his stake money but if it wins then you pay him to the agreed odds and that I your liability. So if you have agreed to lay the horse at 7.0 for £10 then your liability will be £60.

Betfair does not give credit so before you can take part you have to deposit some money into your account. The minimum stake allowed is £2 so if you are thinking of laying horses you will need a starting bank of at least £100 and preferably £200.

There is little doubt that the betting exchanges offer an exciting opportunity for punters to make a profit from their wagers. Whether you become a backer of horses or someone who lays a horse to lose you need to apply certain rules if you are to be successful.

One of the big secrets to Betfair success, apart from picking the right horses is learning to control and build your bank. Never over extend your bank, never chase loses, never gamble with money that you cannot afford to lose.

Article Source: http://www.myhotarticles.com

To learn more get your FREE Copy of our latest 29 page report< a href=”<www.premierbettingclub.com/sign-up.html”> How> to be a Profitable Punter and for details of the Premier Lay System < a href=”www.premierbettingclub.com”>Click Here

Please Rate this Article

Not yet Rated

Additional Articles From - Home | Animals And Pets | Horses

Statmanlays new horse racing service - A review - By : Dave Articlesubmit
The Mystique with the Master Custom SuitTailor - By : balhara
Horse Race Betting - Have you got a staking plan? - By : Dave Articlesubmit
Horse Racing Systems- Beware of the snake oil man - By : Dave Articlesubmit
The “Secret” to Picking Horse Race Winners - By : Dave Articlesubmit
The Clydesdale Draught Horse - By : Timothy Aston
Horse First Aid Kits - By : Timothy Aston
The Friesian Horse - Background and Information - By : Timothy Aston
The Morgan Horse - Breed History and Information - By : Timothy Aston
Equine Colic - Advice and Information - By : Timothy Aston

First Visit?
For a FREE Account
Please Join Here
Learn More Here.

Featured Website:
Baby Names
SEO Consultant
Wooden Sheds
Make Money Online
Free Wallpapers
Article Direrctory
Mortgage Loan

Members Area:
Submit Articles
Members Login
Article Promotion Benefits

USEFUL RESOURCES

Webmaster/Ezine Tools:
Top Authors
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds
About Us
Link to Us
Contact Us
Privacy Policy
Terms of Service