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Originally Posted by nearco
So the BC will also get a cut of the exchange bets placed on Betfair? That's a major coup for the BC if true. Not sure why Betfair would have to agree to that though. There's exchange betting on American racing every day of the week, but none of that revenue goes to the tracks where the races are bet on.
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They get the video, as someone else said, but I think this is mainly about getting a big foot in the door.
If Betfair can convince cash-strapped race tracks and state governments that they can make them a few easy millions, then Betfair have taken a huge step towards cracking the American market.
