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

[Kasept]

Originally Posted by jms62

Steve, how do you feel about betting exchanges. I used to do quite well on IBETX laying against odds on favorites and getting juicy odds when going long a horse. Having said this , it is wide open for corruption as it is very easy to make a horse lose.

I don't have enough understanding of the concept to fairly judge as I didn't get involved when it was out there initially. I know it's too successful to ignore, and if it can be formulated to allow tracks/horsemen to share in the handle, it has the potential to entice a new generation of player and be vital to whatever is ahead in North American racing. But if it only siphons action out of the pari-mutuel pool, it's a problem.