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04-12-2008, 11:29 AM
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#2
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Registered User
Join Date: Jul 2006
Location: Toronto
Posts: 4,962
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Gosh, let's hope so. The people who run racing who had this nonsensical thought that not allowing it will raise racing handles clearly did not happen. Time to get rid of it and work with the offshores to grow the game.
Australia is doing that right now:
Betfair and TOTE link Up. You can now bet into betfair, and have a link right through it to bet Aussie racing right into the pools. No separate accounts, no moving money from account A to B, all tracks covered in one interface, all types of betting (exotics and exchange) in a one-stop shop, and lower prices for every player. It's the future. Laws like "not being able to bet a race from Arizona" are the long ago past.
http://www.news.com.au/heraldsun/sto...006021,00.html
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04-12-2008, 11:30 AM
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#3
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Agitator
Join Date: Feb 2007
Location: Niagara Region, Ontario
Posts: 2,240
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Quote:
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Originally Posted by trigger
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Great news. How can a Capitalistic Democratic society tell people not to bet on the internet when they also allow lotteries and horse racing and Vegas.
WEG is trying to get an internet ban here in Canada. It is their way of trying to compete.
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04-12-2008, 11:32 AM
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#4
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Agitator
Join Date: Feb 2007
Location: Niagara Region, Ontario
Posts: 2,240
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Quote:
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Originally Posted by DeanT
Gosh, let's hope so. The people who run racing who had this nonsensical thought that not allowing it will raise racing handles clearly did not happen. Time to get rid of it and work with the offshores to grow the game.
Australia is doing that right now:
Betfair and TOTE link Up. You can now bet into betfair, and have a link right through it to bet Aussie racing right into the pools. No separate accounts, no moving money from account A to B, all tracks covered in one interface, all types of betting (exotics and exchange) in a one-stop shop, and lower prices for every player. It's the future. Laws like "not being able to bet a race from Arizona" are the long ago past.
http://www.news.com.au/heraldsun/sto...006021,00.html |
I don't think the US needs to embrace Betfair. They should just set up their own exchange and hub it out of Vegas, and give some of the profits to the tracks they take action on.
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04-12-2008, 11:37 AM
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#5
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Registered User
Join Date: Jul 2006
Location: Toronto
Posts: 4,962
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Quote:
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Originally Posted by Cangamble
I don't think the US needs to embrace Betfair. They should just set up their own exchange and hub it out of Vegas, and give some of the profits to the tracks they take action on.
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They don't have to, all they have to do is license them as an ADW. Betfair will sell the US pools right on their website, just like Youbet or PTC does. Immediately you gain a world-wide customer base of bettors.
We know that won't happen, just look at the 19th century guys at Lone Star that think we still bet with a chalkboard, or tracks that think PTC is the devil for giving bettors a price break.
Last edited by DeanT; 04-12-2008 at 11:42 AM.
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04-12-2008, 11:45 AM
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#6
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Registered User
Join Date: Apr 2006
Location: Bird Rock
Posts: 16,697
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Go Barney, Go!
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04-12-2008, 11:51 AM
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#7
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Agitator
Join Date: Feb 2007
Location: Niagara Region, Ontario
Posts: 2,240
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Quote:
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Originally Posted by DeanT
They don't have to, all they have to do is license them as an ADW. Betfair will sell the US pools right on their website, just like Youbet or PTC does. Immediately you gain a world-wide customer base of bettors.
We know that won't happen, just look at the 19th century guys at Lone Star that think we still bet with a chalkboard, or tracks that think PTC is the devil for giving bettors a price break.
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I think it would be more profitable if the US racetracks got together and competed with Betfair, instead of joining them. What is to stop a US hub from taking worldwide customers. Sure, the growth at the beginning while the war is started will be rough, but in the end, the horsemen and racetracks will end up with a bigger chunk of the profits IMO.
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04-12-2008, 12:33 PM
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#8
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,915
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Quote:
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I don't think the US needs to embrace Betfair. They should just set up their own exchange and hub it out of Vegas, and give some of the profits to the tracks they take action on.
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Great idea, but not yet legal in Nevada. Apparently they are working on it, however.
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04-12-2008, 09:46 PM
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#9
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Veteran
Join Date: Nov 2006
Posts: 1,622
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From the Las Vegas Review Journal article:
"(The proposal is) a necessary one in light of the warnings from the Treasury and Federal Reserve that they did not know how to write regulations to solve the problems created by (the Internet gambling ban)," Sandman <<Jeff Sandman, a spokesman for the Safe and Secure Internet Gambling Initiative>> said in a statement.
I find it most reassuring that the Law of Unintended Consequences has not, and cannot, be repealed. 
Last edited by Kelso; 04-12-2008 at 09:48 PM.
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04-13-2008, 12:20 AM
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#10
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Registered User
Join Date: Feb 2002
Posts: 10,861
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Quote:
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Originally Posted by Cangamble
I don't think the US needs to embrace Betfair. They should just set up their own exchange and hub it out of Vegas, and give some of the profits to the tracks they take action on.
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There should be many exchanges. A bettor can choose among them for the best price and/or service.
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04-13-2008, 01:08 AM
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#11
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Agitator
Join Date: Feb 2007
Location: Niagara Region, Ontario
Posts: 2,240
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Quote:
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Originally Posted by swetyejohn
There should be many exchanges. A bettor can choose among them for the best price and/or service.
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I'd rather have one North American based exchange that provided lots of liquidity.
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04-13-2008, 01:17 AM
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#12
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Registered User
Join Date: Mar 2003
Posts: 1,572
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Quote:
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Originally Posted by Cangamble
I think it would be more profitable if the US racetracks got together and competed with Betfair, instead of joining them.
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You've got to be kidding. Racetracks don't know how to compete.
Racetracks would want to charge 15% on exchange wagering. The last match race they charged about the equivalent of 35% commission.
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04-13-2008, 03:09 AM
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#13
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Registered User
Join Date: Apr 2008
Posts: 6,843
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Quote:
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Originally Posted by Cangamble
I don't think the US needs to embrace Betfair. They should just set up their own exchange and hub it out of Vegas, and give some of the profits to the tracks they take action on.
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Well Said, and sound reasoning......
__________________
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"Cursed be the man who puts his trust in man" - Jer 17:5 (KJV)
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04-13-2008, 11:09 AM
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#14
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Both-hands Bettor
Join Date: Mar 2002
Location: NASCAR Country
Posts: 4,390
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Frank and his legislation to get government out of our pockets and get right-wing you-must-look-like-us-sound-like-us-and-pray-like-us elements shipped back to the 19th-century is funded by and primarily driven by various poker groups.
Might I suggest that everyone who lurks/posts here take the trouble to contact their federal representatives in the House and Senate and let them know that you support HR5767.
Here's a link that will get you contact info for officials in your state.
http://www.congress.org/congressorg/home/
Time to be proactive!
__________________
Richard Bauer
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04-13-2008, 11:35 AM
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#15
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,828
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Great idea, I've already contacted them.
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