Betting Exchanges?

[Kingsnake]

Hi, I have just joined,from the U.K. and would like to hear your thoughts on Betfair.com and if you think they will start up down under, is it a matter of when? I have an account here, and I'm not gonna .....say it's like taking candy from a baby etc, but I haven't been into a Bookies in 2 years! and am doing alright thanks, all the best!

<font size=-1>[ This Message was edited by: Moderator 3 on 2004-11-27 06:52 ]</font>

[Floydyboy]

I see one of the exchanges went under the other week
I think the prob with the exchanges if they start out here is going to be the size of the market
If you go by say The English Horse racing the Mrkets they are solid with plenty of money in the pool the win and lay markets are fairly close together
Whereas over here with less money in the pool(available) the the markets can be all over the place with goodly amount available for one horse and very little for another runner this is more pronounced on weaker midweek races and even the place pool on weekends is a bit the same
I think the market needs large Volume operate properly
I suppose If an exchange system arose here it would basically have to corner the market(which isnt beyond the realms of probability) to sustain solid markets but neverthless we through weight of population in england and europe will ever be able to attain the volumes that those exchanges are working with now .And anything that opens here would have to put itself on the world market. then it would have to compete with the likes of the current Market Leader
The thing I miss is not being able to bet in running to do so I have to ring england (freecall)and bet a minimum of 50 .
Just my thoughts hope I didnt breech any guidelines .......This is a subject that im very interested in and would like to know if anyone has an inkling or opinion where the whole exchange thing is heading out here