Fair call

Me neither.

People that have never used betfair don't understand it...it is not just about backing losers it is about getting a fair price for your runners...as stated the huge price difference on the cup winner....Austote offered $5.50....the whole issue about betfair is choices it is our money and we should be able to decide where to bet it.....the tabs takeout on each race is over 15% the bookies offer worse prices than the tab most times....the TAB hold the monopoly on betting in this country....they think betfair will change that....i don't think so....all it will do is give us the smart people another choice of where to put our money.....the tabs will still make money if you don't believe me just take a look in any tab on a saturday an see all the lambs being led to the slaughter.....when right now there is much better things on offer(IAS, Sporting Bet,Betfair,Sports Acumen,Sportsbet)these are just a few that all offer better odds than the TAB but how many still bet at the TAB do you realy think one more will make that much difference...not to the tabs it won't but for us it will introduce some more liquidy in to aussie racing.

Tell me this if you could back a runner @ $5 and then lay it to another person when the price comes in to $3.50 for a profit if the horses wins or loses wouldn't you be happy.

honda
 

Another thing you will never see in an Australian paper or hear on KY for that
matter is the smear and innuendo campaigns the TAB have waged against
anybody or orginisation that have dared to move in on their monopoly of
betting in this country. I used to enjoy a bet in Vanuatu until the TAB was
instrumental in having it banned to bet offshore,and this rubbish about
race fields and scratchings being the property of the TAB is ludicrous and unaustralian.
2ky is run by the TAB so why should they give anything but a onesided view
of the situation?
Racing NSW is another lot who should hang thier heads in shame at some of the misinfomation they have spouted over the last few months.
And as for Kerry Packers tax bills,he can pay it into my account any time he likes.

Not true, shortly after announcing that Betfair would be licenced the Tasmanian government also annouced the following,

"The Tasmanian Government today announced startling prizemoney increases for major racing in its state following the granting of a betting exchange license to Betfair.

Next year’s Interdominion pacing championship will be trebled in stakes with the final boosted from $500,000 to $1.5 million.

The Hobart and Launceston Cups will be elevated from $200,000 to $500,000 and the Devonport Cup from $90,000 to $150,000.

The Tasmanian racing industry is guaranteed $5 million each of the first two years of Betfair’s existence with healthy projected growth thereafter."

Also the Premier of Tamania stated yesterday that, " Betfair would operate under strict regulatory guidelines and the licence was expected to boost the Tasmanian racing industry by up to $40 million a year by 2009-10."

I think that's providing more than squat.

PATEZZA
 

3 % per year .

Re BETFAIR.

"The racing industry is doomed /doomed I tells ya."

Cheers.
darky.

This whole thing of the tabs saying betfair will be bad for racing, from what i understand as soon as betfair showed interest in Australia the tabs started to make plans to create there own version of betfair here....my guess is there percentage would be a lot higher than 5%

Shaun - Tabcorp have already registerd the name Tabfair, one can only wonder why!

i am unlikely to use betfair as i am a very small punter/hobbyist.

i dont think the tab's serve us very well and deserve a great kick in the rear.
for instance.
the austar/sky channel affair is a huge disappointment that has stopped me from watching the races from syd/mel and should have been resolved in favor of the viewer/punter in good faith.

i still have a great deal of issue with the racetab site.
for instance on saturday i ran out of money and wanted to put some in.
it only offered me mastercard or visa. so i tried to enter by visa card and because i had signed up on the original site with bankcard it would not take the visa. so as i couldnt use bankcard i gave up.

it is now 22 kms to the nearest t.a.b in this area and we are forced to use phone betting or internet.


it is so frustrating being a punter that i feel no loyalty to the tab or the industry at present until they recognise us as customers and that they are running a business that need customers.
i think only good can come out of betfair as a competitor because the industry badly needs one.