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Laying With Betfair

Jun 23, 2008
Betfair is one of the world's biggest online betting exchanges. Betfair hosts betting for a wide variety of events including sports like tennis, soccer, cricket, rugby, or racing games like horse racing, formula one, or any other event whose outcome is watched closely by the masses and has the potential to attract huge trading volumes. Apart from betting, Betfair offers many other popular online gambling services including poker, casino games, and other games that are exchange-enabled. Anyone who can pay money via Internet using a credit card or a debit card can open an account with Betfair and start playing without any hassles.

Let's first see what Betfair has got to offer to you as a customer. After opening an account by registering online, you can go through the list of events that are open for betting. You can take a look at the bids and offers placed by other users and place your bid or offer based on your own view of the outcome. At the time of placing a bid or offer, you are required to pay the maximum amount that you may lose. After the event is over, if you win, the amount that you win will be credited to your account. You get to play the betting game from the luxury of your home. It doesn't matter where the actual event is being played. You can bet even during the course of the game while you closely follow all the details of the game. Betfair also provides a paid data service that can give you any live information relevant to the event and that can affect the outcome in any way.

And how does Betfair benefit from your gambling activity? Answer is commissions. One of the most crucial reasons for the success of Betfair is their fair charges when compared to traditional betting firms. Only winners are charged. In most other forms of trading or gambling, a player would be charged irrespective of the outcome. One important point to note is that there are no hidden charges as there are users on both the sides of a bet. In the traditional betting setup, a bookmaker offers odds in such a way that he makes a killing every time irrespective of the outcome of the game. The arbitrage spread that a bookmaker consumes is the hidden cost which is absent when betting on Betfair.

All in all, one can say that Betfair is a far more superior means to betting than the traditional methods. Off course, it lacks the fun and excitement that one gets standing in the podium amongst yelling crowds, watching horses race against each other using their full power. But nevertheless, excitement hampers thinking and is bad for gambling. If you are playing for money, Betfair is the place for you.

When using betfair like I do, I can sit at home and put my bets on while watching the football, cricket, tennis, horse racing or greyhounds and use up to the minute information. One other great feature is the in running betting. How many times have you used traditional bookmakers and once the event is off they will not take any more bets, on betfair you can put your bet on after the off.

The ability to lay horses is by far the best feature. You can act as the bookmaker. I reckon that if you are Mr average punter, you have lost more than you have won, probably by quite a considerable amount over the years. Well you can reverse that by laying horses. If you want to find out more about Laying systems go to the link
About the Author
I am 53 years old and consider myself a good amateur gambler on horse racing. http://www.laywiththebest.co.uk
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