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

[Travis Stone]

Originally Posted by jms62

Steve, what does it mean when you say "whales are still out there but are playing outside the pools". Are they using exchanges and off shore rebate shops?

Originally Posted by Kasept

Yup..

In my opinion this is the #1 problem facing horse racing today. A narrow second is the fragmented, uninterested and annoyed core customer base.

The amount of money going offshore is scary and it's meaningful enough to horse racing's bottom line that it should be at the forefront of discussions. Instead, many people seemed to be focused elsewhere.