SYMPOSIUM: Betfair exec.. "Exchange format is U.S. future"

[Kasept]

Originally Posted by randallscott35

Simply put, it would lower the takeout which would attract more gambling money....Horse racing needs to compete with sports gambling.

The lowering of takeout is a bit of a canard though Rand... It absolutely can stand to come down of course to a level that's 'right' and stimulates handle to the point that offsets the decrease. There's numbers that make sense for everyone and are simply necessary to pay for the overheads of everything involved in putting on the show.

But more than takeout, the nature of the internal model demands adjustment. As has been discussed widelt in the "model is upside down" discussions, the bet-takers are getting too much... The source of the product deserves an increase in the share.