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What's missing
What the industry and most horseplayers are missing in their mindset in the future tense. Bettors ARE rebate IS- almost all in racing assumes that not 1 new player will come into the sport. I have never heard of a successful business where they want the exact same number of customers as they have now. Racing loves to move money around but has no clue how to bring in substanial new persons to own or bet on or watch racehorses. Racing is and will keep dying with that attitude and will always be a slave to the economic trends.
People alwayus look at the shortest time period possible, conceding Betfair WILL keep bringing in new players, assuming only an English exchange and not an American one is possible.
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If you cannot control the bettors, control the law.
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