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

Now a punter can make if they should back a horse to win or lay it to reduce. Many punters now specialise in looking for losers as opposed to winners. In the face it really is have to be considerably easier. For instance in the 14 runner race there are only able to be one winner but there'll be 13 losers. It sounds somewhat as being a «no brainer,» but it can be nearly so easy.

The drawback is a thing called liability. When you place a bet while using bookmaker and present him your stake money he agrees to offer you normally somewhat more if the horse wins. Well whenever you lay a horse you happen to be serving as the bookmaker for another punter, the individual that thinks the horse you're laying will win.

If it loses that is certainly fine, you get to keep his stake money but whether or not this wins then you certainly 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 in that case your liability is going to be A�60.

Betfair won't give credit so before you can be involved you have to deposit some money to your account. The minimum stake allowed is A�2 so if you're considering laying horses you may need a starting bank for at least A�100 and preferably A�200.

There is little doubt the betting exchanges present an exciting opportunity for punters to make a cash in on their wagers. Whether you then become a backer of horses or someone that lays a horse to shed you have to apply certain rules if you are to reach your goals.

One in the big techniques to Betfair success, in addition to picking the right horses is understanding how to control and build your bank. Never over extend your bank, sboarena never chase loses, never gamble with money that you just can't afford to shed.