I just logged into my account to get a run down on todays activity and I see there is a new T&C outlining that Betfair will now be offering fixed odds on sporting and racing events......I'm surprised it took this long!

I wonder where they'll get their prices from, and how closely will they be monitored?

Too high, and there could be the opportunity to bet then lay on their exchange, and/or vice-versa. And too low (bookies' prices?), a better price might be obtained on their exchange or elsewhere.

And with the often volatile price fluctuations on the exchange especially with the horses, this could be risky for them.

However, I'd be surprised if they haven't got this all figured out.

They'll probably clone the major bookmaker early odds but with less market advantage.
When they get exposed on a runner, they will just bet back into the exchange because they have layed lower.
They will ensure that any back bets accepted can be layed off at higher odds.
Thereby not being a traditional bookie, but a conduit for them to trade large no risk margins.

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And of course we all know that TabCorp will be licensed to commence operating a Betting Exchange in August.

Is that happening moeee?

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Theres not a lot of info out there about a new betting exchange, but what I have read indicates Tabcorp is unlikely to start one, who knows

Chrome,

I think your right on this. What does that mean though for us punters who like to play the exchange. Does it mean increased money on the lay side ?Will this push down prices on the exchange so that laying again becomes profitable ? Especially on the longer shots ?

I haven't thought through the complications with this yet. I guess it will depend on the money they put back intot he exchange. Maybe it will mean nothing.

Mod 3, that was a genuine question, I wasn't being a smart****.
What does TOU mean??

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Jose'.

jose, TOU stand for 'Terms of use' - getting TOU'd means you have violated a websites terms of use

Fair enough Mod 3.
What is TOUd??

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Jose'.