betting exchanges

[davez]

As it seems the betting exchange brigade have gone into hiding after the pommy land racing industry debacle this week I thought it only right to raise the issue once again.

Having been previously undecided as to the value or otherwise of betting exchanges I now have this to say -

As a punter of 2 & 1/5 decades I have known & accepted for most of that time that out of every dollar I bet a certain percentage of that dollar will be lost to the darker side of the industry - the race fixers, the desperate pigmy’s, whatever greedy thief has found an angle - & after a while I was fine with that, being a person that in the end just loves the game for what it is, & had come to realize that a certain percentage of the time my lawyer, doctor, accountant, dentist, mechanic, etc, etc, were also going to fleece me, that’s just life.

However to introduce another avenue or means for someone to rip me off is unacceptable. I have worked to fckn hard to make a quid out of this game to have MY racing industry polluted with this BS.

So to all the promoters & supporters of these Betting Exchanges I say –

STICK IT WHERE THE SUN DON’T SHINE!

For me this is the end of the debate.

[partypooper]

Davez, hope you don't mind me quizzing you as I am totally bewildered by the onset of the betting exchanges, and wonder if you will elaborate on this post iether here or my e-mail address which is
LUMBASAKABAYO at hotmail dot com (all lower case of course)

[Mr. Logic]

What odd logic. Use the same logic and we'll ban cars, because people get killed in accidents.

It's not betting exchanges that are to blame.

Use your logic and we'll also ban stock excchanges because of the occasional corrupt person involved in running listed companies.

DO WE WANT 15% PLUS OF BETTING TURNOVER TAKEN OUT BEFORE ANYTHING IS RETURNED TO PUNTERS?

DO WE WANT TO BE NANNIED? WAKE UP.

[Shaun]

where do we start....did they have exchanges when Fine Cotton was around no.....if the crooks want to rig a race they don't start with the exchanges....they go to the people that own the horse then the trainer then maybe a bookie...and of cause the jockey.....from all the rigged races in history i bet there was atleast one bookie involved do we ban them...i bet there would be an uproar if they did....sure it may leed to a bit more corruption...but where money is involved there will always be corruption thats just life.....exchanges are just a new form of betting thats all.....so enjoy them if you can...hehehehe

[goldmember]

THEY ARE EVIL!!!!!!

Footballers betting on the other side to win and tennis players who are long odds-on,suddenly fake an injury through the game and pull out,then we find out the other player backed off the map to win , yeah sounds FAIR TO BET ON - NOT,THATS UTTERLY CRIMINAL

[Mark]

Mr Logic

Have a look at the Betfair forum, some bloke has done a study that found that some prices are up to 50% better han SP.

[La Mer]

On 2004-09-05 10:10, goldmember wrote:
THEY ARE EVIL!!!!!! Footballers betting on the other side to win and tennis players who are long odds-on ... yeah sounds FAIR TO BET ON - NOT,THATS UTTERLY CRIMINAL


Goldmember - Haven't you ever heard of Bruce Grobbelaar who as a football (soccer) goalkeeper for Liverpool?

He was accused by the British tabloid newspaper The Sun of match fixing during his time at Liverpool to benefit a betting syndicate.

What is the difference between betting one team (or tennis player) to lose or the other team (tennis player) to win?

You don't need betting exchanges to do make money out of a fix, it has been quite possible to do this for many years by betting with the bookies or with SportsTab, by betting one team (or player) to win a punter is in affect betting the other to lose.

Fixes of this nature go way back in time before betting exchanges, it is just that they have the facility to advise the authorities of the possibility of a fix going down. The bookies or the SportsTab don't and that's a big plus for the exchanges IMHO.

<font size=-1>[ This Message was edited by: La Mer on 2004-09-05 15:06 ]</font>

[thoroughbred]

While the use of betting exchanges is legal in Oz, then I'll use them ... I get better prices .... I can lay false favourites/fancies (like Wildly) ... if anyone one this forum believes that horse racing is "clean" then I'd recommend a subscription to Charles Dodson's publications.

[allanby]

You are joking aren't you??

You are getting ripped of far more by the TAB's and bookmaking industry you F%^Y^YT%T !

If you took the time out to actually learn how they work and the opportunities you wouldn' be posting such garbage.

To say that encouraging another avenue would be detrimental to all your hard work, mate, now with the exchanges you can improve your profits overall by some margin i would suggest, if you have survived this long, ( as you say for all this time and with all the rigging and questionable race results we have had over that time...There is no evidence to say it has increased corruption in any way, and the uk story of last week is only a story, Innocent until proven guilty!

You should take the time to learn how to use it and do youself a favour and stop being ripped off by these blood sucking entities.

Long live the exchanges, i cannot wait till Packer once and for all wipes the smiles off those scumbags who rule the wagering mediums currently on offer.

A.

[moeee]

On 2004-09-05 22:36, allanby wrote:
You are joking aren't you??

You are getting ripped of far more by the TAB's and bookmaking industry you F%^Y^YT%T !



I think the last part is STICK.

[Hammers]

If the opponents of Betfair want it banned on the basis that the integrity of racing and sport is undermined, then they should also lobby bookmakers and TAB's to stop betting on the following events,

1. All head to head sporting events where there are only two results possible e.g. football games, tennis matches etc
2. Trifecta betting on 4 horse fields. Take the fave out in some nefarious way and box the other three and you've nailed it.
3. Superfecta betting on 7 horse races. Remember the Colouresque/Gleeson brothers scandal at Harold Park in the '90's? For those who don't, there is a 7 horse field in a Superfecta race. Leading driver Chris Gleeson is behind the 1.40 favourite Colouresque. Chris's brother boxes the other 6 in a Superfecta. Amazingly, the gear breaks (after it was later discovered being tampered with) and Colouresque is pulled out during the race. Brother wins the $10K pool on his own.

The TAB itself sponsored a match race between Let's Elope and Better Loosen Up creating the precise scenario that they now claim is causing corruption.

Bookmakers by nature lay horses every race. The ability to place a bet anonymously and in cash with an on-course bookmaker provides a perfect environment for race fixers to carry out their business. At least Betfair is all money up front between people who can be traced if necessary.

Those who worry about racing not being funded properly by Betting Exchanges clearly only listen to the krapola from Sky Channel and the TAB affiliated newspapers without checking some realities out themselves. Why is it not possible for betting exchanges to contribute to racing? Has anyone looked at a model that will work? Has anyone from the TAB ever showed concern that the percentage of gambling dollars spent on racing is a third of what it was pre sports betting and casinos? Has it ever occurred to them that people today expect more than the garbage that the TAB serves up? Has it every occurred to them that betting exchanges will bring new money to racing thus increasing the financial benefits to the industry?

If anyone can find a punter who respects his money yet bets with the TAB because it is "for the good of racing", I'll ride the Melbourne Cup winner. It's like the "buy Australian" push. I'll do it if I'm not being ripped off. Unfortunatley, the TAB has been ripping punters off for years and now it's coming back to bite them. Their answer ... ban the opposition. It is really pathetic and so are the morons who support such an ideology.

[darkydog2002]

The race clubs have been treating the battling punter like an imbecile for years and now their squawking because BET FAIR might just take some money from them.
Thats the complete guts of the matter in my opinion.
Cheers.
Darky.

[Ron50]

I must agree with Allanby,Hammers,Darkydog etc.For too long we punters have been screwed by the GREEDY TAB's.

To the member who has posted that they have been punting for over 2 decades I too have been punting for over 25 years and the opportunities to try and cheat the system have always been around.

I do like Hammers quote:

"If anyone can find a punter who respects his money yet bets with the TAB because it is "for the good of racing", I'll ride the Melbourne Cup winner. It's like the "buy Australian" push. I'll do it if I'm not being ripped off. Unfortunatley, the TAB has been ripping punters off for years and now it's coming back to bite them. Their answer ... ban the opposition. It is really pathetic and so are the morons who support such an ideology."

[allanby]

I must concur Ron,

Hammers has made some fantastic points..... well done Hammers!

I get a little over passionate about the topic at times and perhaps forget to state all the things i have on my mind to the best of my ability.

He has summed it up perfectly!

Perhaps this post should be forwarded onto those morons that currently rule the mediums we use, they would have a hard time trying to wriggle themselves out of that post.

It all comes down to jealousy, in the back of their minds they would be thinking "now why the hell didn't we think of this"??

Betting Exchanges are here to stay and if anyone feels the need for poor service, crap odds / %'s, go to the Totes, boookies, they will still be there, hopefully learning some lessons along the way.


A.

[shoto]

Davez - The only reason this came to light is because of the increased accountability of the exchanges. As was widely reported the individuals involved in the scam are suspected of having been at it for years.

It is the existence of the exchanges that finally brought this to light. Your view that increased accountability and exposure is some kind of "pollution" is ridiculous.

[Ron50]

You are absolutely correct Shoto.I have listened to the many different views in the media and believe(as an old timer I may not be around)that trying to stop this new concept, which gives the public a fighting chance ,will be like trying to stop a flood.

I rarely post and this will be my last posting re this issue.

Ron.

[moeee]

Bit hot under the collar there Goldmember?
Had to reread the thread to see what set you off!
Couldn't find it.
Got the impression that maybe the alleged ########## was talking about someone else.