BJ: What Betfair may have told you may be right in regard to in-the-run betting on horseracing, simply because of the logistics involved - as you stated the odds fluctuate around somewhat so what may be on offer one second could be totally different the next.

However, I can assure you that I have made a number bets in-the-run on sporting and special event type markets by telephone. For instance, in the US election I backed Bush early on in the campaign then did so again on election night at $3plus when the early results looked like going the other way, then when things started to change around, did so yet again on the Democrats creating a win/win situation. Not a problem, all bets on election night were made via the phone and in-the-run.

Also, if you think racing doesn't have a problem or two when it comes to the competition for the gambling dollar, think again: Betfair matched over AUD$34 million on the US election, over AUD$20 million being matched in the last 24 horse before and during the counting of votes.