Alex Waldrop blogs about Exchange Betting

[CBedo]

"We have already learned the hard way that our current pricing system is vulnerable to off-site and off-shore entities that pay too little for our product...."

Too little? Couldn't it be that the on-shore pricing is too high? Didn't he just blog recently about how our track's pricing models need to be more competitive? Was that lip service to us, the bettors, while he talks out of the other side of his mouth to tracks, owners and breeders?

http://www.ntra.com/blog.aspx?blogId=15&year=2009&month=10&day=27

[rrbauer]

The racetracks (NTRA member tracks) pay his salary. Enuf said.

[beertapper]

exchange betting is the future for the straight pools. if you ask me... it addresses all the problems with the current system. being able to lock into a price you like is a real game changer

let the tracks focus on exotic betting... let the players see the payout for pick 3s, tris, and supers...

[Horseplayersbet.com]

"Takeout does need to be lowered, but the interests of all parties have to be carefully balanced so that no one partner is forced to shoulder more than his or her share."

Looks like he is starting to get it.

[the4horse]

Yes, off-site pricing is absurdly low. A track with a 17% takeout gets only 3% of wagers handled off-site, while the off-site place gets the remaining 14%. Does this make sense to anybody? A terrible mistake that's a holdover from the early days of simulcasting.