Horse Race Betting - Betfair, Should You Go For Winners Or Losers?
Since 1990 whenever 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 be second or third. The new exchanges changed all that.
Now a punter can select if you should back a horse to win or lay it to lose. Many punters now are experts in seeking losers in lieu of winners. In the face it really is must be considerably easier. For instance in a 14 runner race there are only able to be one winner but you will see 13 losers. It sounds slightly as being a «no brainer,» but it's not nearly so easy.
The drawback is something called liability. When you place a bet with all the bookmaker and sbobet give him your stake money he agrees to offer you normally somewhat more in case your horse wins. Well when you lay a horse you happen to be in the role of the bookmaker for one more punter, the one who thinks the horse you happen to be laying will win.
If it loses which is fine, you get to keep his stake money but whether it wins then you definitely pay him for the agreed odds and that I your liability. So if you have opted for lay the horse at 7.0 for A�10 then your liability will be A�60.
Betfair will not give credit so one which just be involved 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 will need a starting bank for at least A�100 and preferably A�200.
There is little doubt that this betting exchanges present an exciting chance of punters to generate a benefit from their wagers. Whether you then become a backer of horses or somebody who lays a horse to shed you have to apply certain rules if you're to reach your goals.
One from the big secrets to Betfair success, besides picking the right horses is learning to control and build your bank. Never over extend your bank, never chase loses, never gamble with money which you do not want to reduce.
Now a punter can select if you should back a horse to win or lay it to lose. Many punters now are experts in seeking losers in lieu of winners. In the face it really is must be considerably easier. For instance in a 14 runner race there are only able to be one winner but you will see 13 losers. It sounds slightly as being a «no brainer,» but it's not nearly so easy.
The drawback is something called liability. When you place a bet with all the bookmaker and sbobet give him your stake money he agrees to offer you normally somewhat more in case your horse wins. Well when you lay a horse you happen to be in the role of the bookmaker for one more punter, the one who thinks the horse you happen to be laying will win.
If it loses which is fine, you get to keep his stake money but whether it wins then you definitely pay him for the agreed odds and that I your liability. So if you have opted for lay the horse at 7.0 for A�10 then your liability will be A�60.
Betfair will not give credit so one which just be involved 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 will need a starting bank for at least A�100 and preferably A�200.
There is little doubt that this betting exchanges present an exciting chance of punters to generate a benefit from their wagers. Whether you then become a backer of horses or somebody who lays a horse to shed you have to apply certain rules if you're to reach your goals.
One from the big secrets to Betfair success, besides picking the right horses is learning to control and build your bank. Never over extend your bank, never chase loses, never gamble with money which you do not want to reduce.