26th November 2005, 07:42 AM
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Member
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Join Date: Jan 1970
Posts: 4,442
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An interesting idea is if they amend legislation to let Betfair trade in Australia (or rather make it legal to use Betfair from Australia), isn't the next step to grant someone like Mark Read an Australian exchange licence?
Perhaps this is exactly why the TAB is up in arms, not the Betfair debate, but rather the whole concept of an exchange.
If the TAB was smart, they would try and lobby Parliament to also offer an exchange service, thereby retaining money for the racing industry and the Government.
However, they cannot do this because they could not compete with the low commissions of Betfair, therefore, it's easier just to kick up a fuss, citing all sorts of urban legends about corruption.
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