But the betting landscape is changing all the time and with Best Odds Guaranteed (BOG) and other incentives on offer it can pay to use a bookmaker.
For a start a new bonus offer on a new account can kick start your betting if things aren't going well.
Secondly if you make a bet a BOG bet and your horse steams in you can beat the Betfair price anyway. And if it drifts well then you get the bigger price, which won't beat Betfair, but it will mean you are closer than the price you took in the morning.
On top of those benefits there is of course the commission to take into account.
If you are betting market leaders, where the gap between bookie price and Betfair price is the smallest, then the commission can wipe out any advantage.
Bet 365 are currently offering…
- Best Odds Guaranteed on all horse racing
- You can watch any race that you have bet on for free
There are some terms and conditions for the free bets so read then carefully before you sign up.
To open a Bet365 account Click Here
Taunton 1.40 Milly Malone – Each way bet