Quote:
Originally Posted by AndyC
I am sure Betfair would get paid for providing a service but they must contract with the tracks for the percentage they will keep.
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In the case of New Jersey, Betfair gets the lion's share. If exchange wagering was such a great idea for the tracks, there is no reason they can't run it themselves instead of getting into bed with a complete outsider whose interests aren't completely aligned with the tracks. The exchange software itself is nothing complicated and could be developed fairly easily.
