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#21
25th November 2005, 09:48 PM
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Betfair will tighten bookies markets once they are allowed to trade with an exchange, and will only continue to improve tote pools due to the arbitraging/trading factor - in nearly 3yrs of Betfair covering Aus racing - have any tote pools gone down? They certainly hadn't before the TVN/Sky saga....
TAB execs just do not understand their market at all - with the exception of Dick McIlwain at UniTAB - he sounds like he has his head screwed on properly. 
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#22
25th November 2005, 10:02 PM
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Good Comments Zedative, But only time will tell...I suspect it will be a rough ride till it shakes down, perhaps around winter next year.. Anybody know the details of the 4 amendments in Tassie parliment? Regards OzPunter
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#23
26th November 2005, 06:24 AM
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One was to do with a tri-annual socio-economic review of the impact of betting exchanges - there will be more than one, Betdaq are also likely to apply for a licence as well within the next 12 months , the other three had to do with the payment methods/schedules.
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#24
26th November 2005, 07:42 AM
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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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#25
26th November 2005, 07:58 AM
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http://mistupid.com/months/annivnames.htm I think such triennial reviews are fantastic ideas. Hopefully all authorities will make them a condition of all future gaming-related licences - particularly Poker machines, Lotteries, Lotto, Keno, drug-money-laundering High Roller rooms, not to mention 23% + round-down rakes in racing.
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#26
26th November 2005, 09:08 AM
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Very True.... In my opinion, Australian Racing should be opened up to the world... Japan, China, India, USA, UK, Europe... The Clubs should have their own betting exchanges and keep the profits... How much would the Melbourne Cup pull for the industry? All we need is a sensible fee structure on winnings to support the clubs individually... (how much do the banks make out of a .5% increase in rates?) Change is upon us, like it or not and the clubs need to compete... OzPunter
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