Horse Race Betting - Betfair, Should You Go For Winners Or Losers?
Since 1990 when a computer whiz called Andrew «Bert» Black developed the technology which 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 why not be second or third. The new exchanges changed things considerably.
Now a punter can make whether to back a horse to win or lay it to get rid of. Many punters now focus on searching for losers instead of winners. In the face it's have to be considerably easier. For instance in a very 14 runner race there are only able to be one winner but there will be 13 losers. It sounds slightly just like a «no brainer,» but it's nearly so easy.
The drawback is one thing called liability. When you place a bet with the bookmaker and provide him your stake money he agrees to provide you with normally somewhat more if the horse wins. Well if you lay a horse you are in the role of the bookmaker for another punter, sboarena the one who thinks the horse you're laying will win.
If it loses that's fine, you get to keep his stake money but whether it wins you then pay him on the agreed odds and that I your liability. So if you have agreed to lay the horse at 7.0 for A�10 after that your liability will be A�60.
Betfair does not give credit so simply uses take part you must deposit some cash into the account. The minimum stake allowed is A�2 so if you happen to be pondering laying horses you may need a starting bank of at least A�100 and preferably A�200.
There is little doubt how the betting exchanges present an exciting potential for punters to produce a cash in on their wagers. Whether you then become a backer of horses or someone who lays a horse to shed you should apply certain rules if you happen to be to achieve success.
One with the big tips for Betfair success, aside from choosing the right horses is finding out 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.
Now a punter can make whether to back a horse to win or lay it to get rid of. Many punters now focus on searching for losers instead of winners. In the face it's have to be considerably easier. For instance in a very 14 runner race there are only able to be one winner but there will be 13 losers. It sounds slightly just like a «no brainer,» but it's nearly so easy.
The drawback is one thing called liability. When you place a bet with the bookmaker and provide him your stake money he agrees to provide you with normally somewhat more if the horse wins. Well if you lay a horse you are in the role of the bookmaker for another punter, sboarena the one who thinks the horse you're laying will win.
If it loses that's fine, you get to keep his stake money but whether it wins you then pay him on the agreed odds and that I your liability. So if you have agreed to lay the horse at 7.0 for A�10 after that your liability will be A�60.
Betfair does not give credit so simply uses take part you must deposit some cash into the account. The minimum stake allowed is A�2 so if you happen to be pondering laying horses you may need a starting bank of at least A�100 and preferably A�200.
There is little doubt how the betting exchanges present an exciting potential for punters to produce a cash in on their wagers. Whether you then become a backer of horses or someone who lays a horse to shed you should apply certain rules if you happen to be to achieve success.
One with the big tips for Betfair success, aside from choosing the right horses is finding out 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.