Betfair :)
 

Anouncement tomorrow ...how exciting !!! could be coming to OZ..
i'm good at picking losers ;)

Geez Mav this might be good for me most horses I follow follow other horses very very slowly.

Good. We need more people on there laying horses. Will mean those of us that back horses will get even better odds.

I am there already, and have been for at least 6 months.

Gday All

I was just listening to 2ky and the announcer ws talking about the Tassie Premier going to allow the licence for Betfair... He sounded as tho he was reading the funeral notices :) My view... ************ the Tabs and racing clubs, they are the reason I am unable to watch Victorian and Sydney racing at home in the regions.. Bring on betfair... More Power to Lennon and anyone else who is prepared to take the monopolies on

I agree, the more options the better I reckon. Since the debacle with the tvn rubbish I have steered well clear of putting any money through a tab in protest. I have managed to talk about 5 or 6 mates into doing the same. My mates cant work out why they didnt do it earlier now that they get paid at least the best of the three totes. I have 4 different accounts with bookies and will certainly open 1 with betfair, why anyone would bet through the tab's is beyond me.
Hopefully it gets accepted.

AAP are reporting the following.

Betfair Granted Tasmanian Licence
Thursday, 3 November 2005:

The Tasmanian Government has approved a deal to licence the British online betting agency Betfair.

The deal was announced in Hobart this morning by Tasmanian Premier Paul Lennon, who said Betfair's operations would be subject to a strict regulatory regime.

The announcement ends eight months of speculation about the 50-50 joint venture between Betfair and Kerry Packer's Publishing and Broadcasting Limited (PBL).

The UK-based betting exchange has operated on Australian racing for three years, but an Australian licence will allow the company to advertise and promote its business.

It will also allow it to establish a second global hub in Hobart, an investment expected to create about 150 jobs.

The deal has met strong opposition within racing circles, with Tabcorp threatening to lock Tasmania out of the national betting pool and Victoria legislating against the betting exchange.

The Tasmanian racing industry has vowed to take its fight to the state's Upper House in a last ditch bid to stop the licence being launched.

However, only three of the state's 10 MLCs need to support the Betfair Bill, which Mr Lennon will introduce to Parliament next week.

AAP News

The idea of Betfair doesn't really sit very comfortably with me and I certainly won't be climbing on the rafters to get on it even though like everyone else I am great at backing losers. I could actually do you all a favour. I'll post who I genuinely believe is going to win each race and then you all can back it to lose.

Could be coming ??? some have been using it for 3 years.

Here Already
 

There are some online bookmaking firms who currently allow "Head to Head" betting within a single race.

Why aren't those people who are opposed to Betfair's introduction into the Australian marketplace, jumping up and down at this situation?

Same thing is it not.


dundas lane .........

But you don't have to lay horses, you can bet just as you normally do and get better odds most of the time.

For instance, on the Melbourne Cup while Supertab paid a dividend of $3.60 for Makybe Diva, $5.10 was available on Betfair.

I don't know about you but if there is the opportunity to get $1.50 better odds than what's being offered elsewhere then I know where I'm going to have a bet.