Horse Racing Systems – The Advantages and Disadvantages of Putting Horses!

As you probably know, the invention of betting exchanges around a decade ago ushered in a new era of betting, especially when it comes to horse racing. Betting on a race became so much easier as all you had to do was log in and start betting. But that was not the only thing that exchanges brought to the world of gambling, they also brought the ability to bet or, as some call it, the ability to be the bookmaker.

Also for those of us currently residing in the UK, it meant we had to understand decimal odds. However, being able to put horses was the really important thing that came out of the exchanges. It meant that we, the betting public, could now make a decision on whether or not a horse would win and if we didn’t think it would win instead of backing another horse as we normally would we could fire it. This was a totally radical new form of gambling and one that has become increasingly popular since its invention.

The best thing people say about putting horses is that it’s much easier to pick a loser than it is to pick a winner. That is, if there were a 10-horse race, it would be much easier to choose a horse that would not win the race than it would be to choose a horse that would win the race. As we can see here, you will certainly have a much higher hit rate than ever before and have the opportunity to start making big profits like bookmakers have been doing all along.

The downside of putting horses to lose is that you have to take responsibility if the horse wins. For example, if you put a horse at 5.5 on the exchange for a profit of £100 and it wins, you will have to pay £450 to the person who accepted the bet. It is probably important to note that the reason Betfair is so popular is because they have higher odds than most traditional bookmakers.

At betfair, prices are said to be 20% higher than at a traditional bookmaker. This means that you are still not in the same boat as the bookmakers, as they are laying things off at considerably lower odds than you. All this still does not include the commission charged by betfair too!

Even after all the drawbacks I just mentioned, I still love lay bets and I’ll tell you why; You don’t have to do it for every race! Sure the bookmaker is forced to offer odds for every horse in every race, but you don’t have to, you can pick and choose and it is for this reason and this reason alone that you can make money putting up horses.