I totally agree Late Mail. With the godsend of Betfair, I believe that a lot of the current "bookies" days are numbered.

There has been a complete turnaround in the UK. The bookies have their own computers open to Betfair, and when the exchanges first came to be, the bookies would set the markets & the "machines" (as they call them) would follow. Now, only a few years on, the machines set the market & the bookies follow. The on-course value is dwindling as a lot of the bets laid are bet back on the machines at higher prices. It's getting to the point where any serious punters will not be going to the track.

Anybody wish to speculate on where the TAB's will be, in say 5 years?. My belief is that they will bear no resemblance to the TAB of today.