TVG Sold?

[dagulla]

Originally Posted by justindew

I know it's illegal now, but if Americans were somehow able to bet against horses in the manner that Betfair allows, that would rock.

What does this mean ?

[justindew]

Originally Posted by dagulla

What does this mean ?

Betfair allows customers to bet against a selected outcome by essentially becoming the bookmaker. In other words, if I think Horse A is going to lose in the 8th race at Fair Grounds, I can bet against that horse by accepting someone's bet ON Horse A at whatever odds the market is offering. If the odds on Horse A are 4-1, and he wins, then I have to pay out $4 for every $1 I "boooked" on Horse A.

But this is currently only available to customers outside the U.S., as it is illegal here.