Quote from source:
When it comes to the internet, racing in Australia is still in the troglodyte age. Why aren't there numerous live, online bookmaker betting sites? Sites where the prices on offer are at least on a par with what is happening in the bookmakers' betting on course.

This paragraph from punting newsletter asks a question.

The particular sentence in question is:

"Sites where the prices on offer are at least on a par with what is happening in the bookmakers' betting on course"


I ask a technical question, where is the connection beteween bookmaker oncourse and online bookmaker? How would it finaly come to a point where communication is met between the oncourse $ and the online $?

Is this a fair or naive question?

puntz wrote:
Quote from source:

This paragraph from punting newsletter asks a question.

The particular sentence in question is:

"Sites where the prices on offer are at least on a par with what is happening in the bookmakers' betting on course"

--------------------------

Maybe the wording could have been better.

However there is little point having live online betting on R3 after R2 has finished if say the Sydney bookies are betting to 110% and the internet site is betting to 130%.

Puntz,

I think you were asking whether it would be technically possible for on-course bookmakers to be offering the same prices on-line at the same time?

Technically it is certainly possible - it would not be hard at all to connect the bookmakers at the racecourse (certainly at the metropolitan venues) to the internet and their computers could then offer the same prices online as they are putting on their boards. All you really need to do is have a high-speed connection to the course and then set up a wireless network that all the bookies could hook in to. Then it is just a matter of providing the necessary software.

If you lookie at the bookies.com.au site they have a number of "traditional" bookies offering prices on-line. Not sure whether the prices available on-line are the same as on course though.

Of course there may be licencing or legal issues that need to be addressed and I am not an expert on these.

Hi BC,

Totally illegal in NSW, Bookies odds on course cannot be broadcast in any way.

Don't know about about other states but I wouldnt think so because if you listen to Mr Carr NSW is the premier state?????????????

Cheers

why is it illegal?

Dunno Umrum I guess we'll have to ask Mr Carr

The reason online bookmakers do not have the on course markets for there online horse racing service is because it is illegal to copy these prices and place them on the internet. There are a few bookies that have prices that are similar but no bookie in Australia from my understanding is allowed to put the on course prices on the net

So there we have it, typical 3rd party intervention,
The Gov. as usual.

Doesn't surprise me that it is illegal in NSW - very simple reason for that - protecting the TAB monopoly. Be interested if anyone knows the situation in other states? I am guessing it is legal in WA as that is where the bookies.com.au site is based.

why is it illegal?

Didn't this come into place many years ago to try to combat the illegal SP bookie?

The reason it is illegal is that Racing NSW
says that it would be helping other codes not Racing, also that by phone betting all bookies have a chance not just few who could set up sites.

jaffa wrote:
"The reason it is illegal is that Racing NSW
says that it would be helping other codes not Racing, also that by phone betting all bookies have a chance not just few who could set up sites."

Hi, I find that a bit hard to swallow.

Surely we're not saying we need phone betting only for bookmakers in order to protect an imaginary bookmaker who would be incapable of getting an internet site up and running with live betting?

Another dark ages law that hasn't kept up with technology.

This is another point to ponder, for the purist ( for lack of bettr terms) that wants to have a market that is soley structred puerly by the money on the market coming from the punters and,the logistics of operating the market is *not* centred on decisions based around stocks and shares but puerly the betting and racing fraternity actions from grass roots level.

In other words, when the TAB's had no other intervention whatsoeve,r (except gov,ofcourse)before computers, and before telephones perhaps, THAT is the market lost and probbaly gone forever.
Or, hypotheticaly if it ever re-eventuated, a TAB in eastern states with no other vested interests apart from punters,bookies and all that make up a race meeting and horse race industry, pure and simple.

To have decisons based around share markets, has no real connnection with the horse running out on the field, has it ?

Dreaming huh ?

Best Bookies does provide live on course bookies prices. The dissemination of prices has been restricted to members only in order to comply with restrictive laws in states other than WA.

Members see the prices offered by bookmakers on their betting boards.

I think the troglodyte state of racing and over protective [of profit] market has more to do with punting numbers, especially on the net., more than anything technological.

US/Britain has 10 times the number of punters than we have people, so the cake is huge allowing room to move. We have lots of races but no one betting on them [relatively speaking ].

Cheers.



[ This Message was edited by: crash on 2004-02-03 18:37 ]

Hi all,
Unitab radio can not give prices in qld either.