Horse Race Betting - Betfair, Should You Go For Winners Or Losers?
Since 1990 each time a computer whiz called Andrew «Bert» Black developed the technology that permits betting exchanges to be effective 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 things considerably.
Now a punter can make whether or not to back a horse to win or lay it to lose. Many punters now concentrate on searching for losers rather than winners. In the face it is have to be considerably easier. For instance in the 14 runner race there is only able to be one winner but there'll be 13 losers. It sounds a bit as being a «no brainer,» but it's not quite so easy.
The drawback is one area called liability. When you place a bet with all the bookmaker and provides him your stake money he agrees to give you normally far more if your horse wins. Well if you lay a horse you happen to be becoming the bookmaker for one more punter, the one who thinks the horse you happen to be laying will win.
If it loses that is certainly fine, you can keep his stake money but whether or not this wins you then pay him on the agreed odds and that I your liability. So if you have decided to lay the horse at 7.0 for A�10 then your liability will probably be A�60.
Betfair won't give credit so before you get involved you will need to deposit some money into the account. The minimum stake allowed is A�2 so if you happen to be pondering laying horses you might need a starting bank that is at least A�100 and preferably A�200.
There is little doubt that this betting exchanges produce an exciting chance of punters to make a make money from their wagers. Whether you then become a backer of horses or sboarena someone that lays a horse to reduce you need to apply certain rules if you might be to hit your objectives.
One of the big techniques to Betfair success, apart from picking 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 do not want to reduce.
Now a punter can make whether or not to back a horse to win or lay it to lose. Many punters now concentrate on searching for losers rather than winners. In the face it is have to be considerably easier. For instance in the 14 runner race there is only able to be one winner but there'll be 13 losers. It sounds a bit as being a «no brainer,» but it's not quite so easy.
The drawback is one area called liability. When you place a bet with all the bookmaker and provides him your stake money he agrees to give you normally far more if your horse wins. Well if you lay a horse you happen to be becoming the bookmaker for one more punter, the one who thinks the horse you happen to be laying will win.
If it loses that is certainly fine, you can keep his stake money but whether or not this wins you then pay him on the agreed odds and that I your liability. So if you have decided to lay the horse at 7.0 for A�10 then your liability will probably be A�60.
Betfair won't give credit so before you get involved you will need to deposit some money into the account. The minimum stake allowed is A�2 so if you happen to be pondering laying horses you might need a starting bank that is at least A�100 and preferably A�200.
There is little doubt that this betting exchanges produce an exciting chance of punters to make a make money from their wagers. Whether you then become a backer of horses or sboarena someone that lays a horse to reduce you need to apply certain rules if you might be to hit your objectives.
One of the big techniques to Betfair success, apart from picking 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 do not want to reduce.
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