Since 1990 whenever a computer whiz called Andrew «Bert» Black developed the technology which allows betting exchanges to function the horse racing fans options have widened. Before the punter was limited on backing a horse either to win or sboarena perhaps second or third. The new exchanges changed all that.

Now a punter can choose whether or not to back a horse to win or lay it to lose. Many punters now specialise in seeking losers instead of winners. In the face it's must be considerably easier. For instance inside a 14 runner race there are only able to be one winner but you will see 13 losers. It sounds somewhat as being a «no brainer,» but it is not quite that simple.

The drawback is something called liability. When you place a bet with the bookmaker and provides him your stake money he agrees to offer normally far more should your horse wins. Well when you lay a horse you happen to be serving as the bookmaker for the next punter, the individual that thinks the horse you're laying will win.

If it loses that is certainly fine, you're able to keep his stake money but whether or not this wins then you certainly pay him to the agreed odds and that I your liability. So if you have consented to lay the horse at 7.0 for A�10 your liability will likely be A�60.

Betfair doesn't give credit so before you can participate you must deposit some cash into your account. The minimum stake allowed is A�2 so if you're pondering laying horses you need a starting bank of at least A�100 and preferably A�200.

There is little doubt the betting exchanges produce an exciting chance for punters to create a cash in on their wagers. Whether you become a backer of horses or someone that lays a horse to shed you need to apply certain rules if you might be to achieve success.

One of the big techniques for Betfair success, aside from selecting the correct horses is understanding how to control and build your bank. Never over extend your bank, never chase loses, never gamble with money that you simply do not want to reduce.