Looking for info re Betfair New Jersey Horse Exchange

[biggestal99]

Originally Posted by Canarsie

It would be interesting to know what type of tablet you own that can't cut and paste. You don't even have to provide a link just the make and model number will do just fine. I'm always WILLING to HELP others even if it takes a few additional minutes of my time. I'm going to assume that since this was posted you had access to a desktop and could have offered assistance to those who indicate interest on the exchange.
.

Its an ASUS ME302KL tablet. any help would be appreciated.

Allan

[Stillriledup]

Originally Posted by Prairie Bettor

I've heard that Betfair is so despirate to get it passed that it is going along with a much higher take out than it charges in the rest of the world. 15 percent or more is what I've heard. 5 percent or less is what Betfair charges elsewhere. That's a huge difference and makes it a non starter in my book.

This is bad if true, who's going to bet at 15 when 5 pct is available at BF?

[Robert Goren]

Originally Posted by biggestal99

well actually plenty has changed, the racing commission has codified the rules for EW, public hearing have been held, EW has been discussed and demonstrated at multiple racing commission meeting, betfair has submitted a accurate application which the commission will consider.

All the ducks are in a row.

Allan

Are you able to lay down a bet?

[Canarsie]

Originally Posted by biggestal99

Its an ASUS ME302KL tablet. any help would be appreciated.

Allan

Just saw your post now sorry.

Clipboard for simple copy and paste for Asus ME302KL

http://www.ucweb.com/wor/prd/prd/asu...cap-15263.html


Page 68-69 all you need to do is use the action bar. The manual is the link below.

https://a248.e.akamai.net/f/1828/229...me302kl_em.pdf

[thespaah]

Originally Posted by Canarsie

It would be really considerate of you to provide the guy with a link. For the life of me I can't understand why you won't help people when you already have the information.

http://www.nj.gov/oag/racing/downloa...118_agenda.pdf

Just think if you were the one who posted the link it would be the first time you would have been right in a very long time.

It is exasperating....

[thespaah]

Originally Posted by biggestal99

Its an ASUS ME302KL tablet. any help would be appreciated.

Allan

Try pressing on the text you wish to copy/paste and HOLD.....It should COPY...
I can do this on my android phone.

[biggestal99]

exchange wagering will begin soon (March 2016)

http://blog.northjersey.com/meadowla...ng/#more-12486

of course a few questions remain unanswered,

1. commission
2. discount rate
3. US in-play tracks (right now its only done at Woodbine)--they need more to hop on board.

Allan

PS--Thanks to all for their sage cut and paste advice, :-)

[biggestal99]

Here is the US schedule for EW.

http://community.betfair.com/u.s._ho...vWelcomeHeader

No stomach or Churchill tracks need apply.

Allan

[Canarsie]

Originally Posted by biggestal99

Here is the US schedule for EW.

http://community.betfair.com/u.s._ho...vWelcomeHeader

No stomach or Churchill tracks need apply.

Allan

Well according to the schedule you have lost the wager we made quite some time ago.

I'll give you some time to save up for lunch at the Meadowlands on derby day. If not ladies day is fine with me too.

[Robert Goren]

Originally Posted by biggestal99

exchange wagering will begin soon (March 2016)

http://blog.northjersey.com/meadowla...ng/#more-12486

of course a few questions remain unanswered,

1. commission
2. discount rate
3. US in-play tracks (right now its only done at Woodbine)--they need more to hop on board.

Allan

PS--Thanks to all for their sage cut and paste advice, :-)

I'm from Missouri!

[biggestal99]

Originally Posted by Canarsie

Well according to the schedule you have lost the wager we made quite some time ago.

I'll give you some time to save up for lunch at the Meadowlands on derby day. If not ladies day is fine with me too.

What was the bet?, i'll take the loss. I honestly can't remember it was so long ago.

Allan

[classhandicapper]

If the take is 15% it's almost a waste of time because there will also be a small spread between the bid and the ask.

At that point the major (but limited) use of the exchange will be to book bets in races where you have a very negative opinion on a short priced horse but no good ideas for how to structure a bet against him.

[biggestal99]

Originally Posted by classhandicapper

If the take is 15% it's almost a waste of time because there will also be a small spread between the bid and the ask.

At that point the major (but limited) use of the exchange will be to book bets in races where you have a very negative opinion on a short priced horse but no good ideas for how to structure a bet against him.

if It is 15%, they will have to provide a better discount (rebate) for larger bettors.

They offer discount rates to all the big bettors on the UK.

Allan

[Canarsie]

Originally Posted by biggestal99

What was the bet?, i'll take the loss. I honestly can't remember it was so long ago.

Allan

You came very close I'll give you credit for that. I can't find the other bet yet give me time it was over four years ago.

The bet is as follows:

1. Betfair will be selected as the official exchange licensee of New Jersey

2. New Jersey state residents will have access to betfair international liquidity on their exchange.

if either or both of these conditions are NOT met. You are the winner of the bet.

If both these conditions are met. Then I am the winner of the bet.


They can bet into our exchange but we can't bet into theirs which seems unfair even though I would lose the bet.


http://www.drf.com/news/betfair-gain...ing-license-us

Under current rules in New Jersey, only New Jersey residents would be able to open accounts on the platform, though residents of the United Kingdom would be allowed to bet against those New Jersey customers.

Of course Betfair is running this on a technicality a person I have questioned time and time again really holds it. I'm sure there will be a defense that he spent money out of his own pocket (of course not even 1/10 of 1% proof) and deserved to be given such a lucrative deal.

If this guy would have bought the track it would be a different story. But as of now he has a better deal than Gural who at least put up some of his money where there is a trail to follow.