NJ Exchange Wagering set for launch; UPDATE: Handle growing steadily

[GoIrish]

I'm very curious as to how this will work. Am I going to need another platform (Betfair?) or will it be integrated into the 4njbets.com platform they force us to use?

How will this work on track? Especially for the in-race bets? Is everyone standing at some kind of a terminal (there will need to be hundreds of them)?

Is a a smartphone, tablet, laptop the only option? The wi-fi is okay at MP, but can it handle the (possible) additional load this will all cause? I'm sure it won't work in the far reaches of the picnic area at present. I have to abandon wi-fi there and go 4g.

As one who is almost exclusively resistant to change, I'm willing to give it a try, but I need some guidance here. I need answers before I can jump in on this strange (to me) form of wagering.

[Pants II]

Originally Posted by GoIrish

Is a a smartphone, tablet, laptop the only option? The wi-fi is okay at MP, but can it handle the (possible) additional load this will all cause? I'm sure it won't work in the far reaches of the picnic area at present. I have to abandon wi-fi there and go 4g.

It's not going to work on big days. The internet is too slow nationwide to handle live bets that need to be placed in split seconds.

This requires new infrastructure and that's not gonna happen in the near future.

[MaTH716]

Originally Posted by Pants II

It's not going to work on big days. The internet is too slow nationwide to handle live bets that need to be placed in split seconds.

This requires new infrastructure and that's not gonna happen in the near future.

Its going to be like Wall St. The high frequency guys with the best computers and fastest connections are going to rape and pillage everyone.

[Pants II]

Originally Posted by MaTH716

Its going to be like Wall St. The high frequency guys with the best computers and fastest connections are going to rape and pillage everyone.

The Wall St. guys will be doing this because the market will be cratered by the time they expand it nationwide.

Hey...they've done it before.

[jms62]

Originally Posted by MaTH716

Its going to be like Wall St. The high frequency guys with the best computers and fastest connections are going to rape and pillage everyone.

I tried to get API but need an account at Betfair tried opening account but couldn't cause I am in US... Still waiting for US folks to get back to me.

[philcski]

Originally Posted by Pants II

It's not going to work on big days. The internet is too slow nationwide to handle live bets that need to be placed in split seconds.

This requires new infrastructure and that's not gonna happen in the near future.

I get your concern but betfair has an already established platform in a country with arguably slower Internet speeds that handles an astronomical (for racing) amount of wagers.

I sincerely hope this goes well because it's a game changer for the industry and for players. Selfishly, I view this as a potential career.

[Pants II]

Originally Posted by philcski

I get your concern but betfair has an already established platform in a country with arguably slower Internet speeds that handles an astronomical (for racing) amount of wagers.

I sincerely hope this goes well because it's a game changer for the industry and for players. Selfishly, I view this as a potential career.

I know their platform is solid and hope it works. I'll switch to fiber when it does.

[jms62]

I also have a feeling that this is Jersey's end around to eventual sports gambling. I have no intel just my thinking.

[Pants II]

Originally Posted by jms62

I also have a feeling that this is Jersey's end around to eventual sports gambling. I have no intel just my thinking.

Spot on. It has to happen. Now is the time with Vegas in turmoil. Everything is negotiable.

[richard burch]

I don't know, these 2 paragraphs really make you wonder......it reads so bad....

Other industry groups have been reluctant to endorse the site because of fears that racing fans and handicappers will increasingly accuse horsemen and jockeys of deliberately keeping horses from winning because one side in every exchange wager is betting on a horse to lose. Betfair has countered that its system is adept at identifying suspicious wagers and that the company has and will continue to cooperate with all investigations of betting patterns on the site.

Earlier this year, the Jockeys’ Guild held a panel at its annual assembly urging jockeys to use caution when riding at tracks that allow exchange wagering on their races, in anticipation of the launch of the site. The recommendations included declining to allow owners or trainers to pick up checks at restaurants or otherwise accepting gifts from horsemen, along with exercising restraint when discussing their horses’ chances.