Exchange wagering this Summer in NJ?

[Cannon Shell]

Originally Posted by randallscott35

Yes Chuck. Reread my first sentence.

So why complain about it?

[jms62]

Originally Posted by Cannon Shell

So why complain about it?

I think his point was that the market will be very thin being only NJ. Involved.

[Kasept]

Originally Posted by jms62

I think his point was that the market will be very thin being only NJ. Involved.

Actually, it would seem utilizing New Jersey as a highly controlled test tube for Exchanges is an ideal introduction to the concept here. The rest of the jurisdictions and industry can see what works and what might need to be adjusted for a successful application sport-wide. The biggest issue was and is how much the exchange will contribute toward 'bricks and mortar' and if it's enough to offset what might come out of the part-mutual pools. Dennis Drazin on ATR later today to discuss it.

[jms62]

Originally Posted by Kasept

Actually, it would seem utilizing New Jersey as a highly controlled test tube for Exchanges is an ideal introduction to the concept here. The rest of the jurisdictions and industry can see what works and what might need to be adjusted for a successful application sport-wide. The biggest issue was and is how much the exchange will contribute toward 'bricks and mortar' and if it's enough to offset what might come out of the part-mutual pools. Dennis Drazin on ATR later today to discuss it.

I want this so badly to succeed. My fear is that politicians from other jurisdictions will deem it a failure based upon revenue generated within NJ without considering for a second that it is because only players from within one state are participating.

[randallscott35]

Originally Posted by jms62

I want this so badly to succeed. My fear is that politicians from other jurisdictions will deem it a failure based upon revenue generated within NJ without considering for a second that it is because only players from within one state are participating.

Exactly....Look at the numbers from online gambling that started in Nov. Already behind projections though much of that is probably the Obamacare like sites that don't even have many banks participating.

http://www.bloomberg.com/news/2014-0...4-million.html

[freddymo]

Originally Posted by randallscott35

Exactly....Look at the numbers from online gambling that started in Nov. Already behind projections though much of that is probably the Obamacare like sites that don't even have many banks participating.

http://www.bloomberg.com/news/2014-0...4-million.html

It's really hard to sign up and participate

[Calzone Lord]

It will only be as good as the liquidity it gets...and the commissions need to be close to what they are in the UK for it to have a chance.

They just ran a hurdle race at some track called Market Rasen a few minutes ago. The race had a small field, and the purse was only $8,000 ...




Still, there was good liquidity in the market. Almost a million dollars matched on the win end. Fair prices to be found on both sides.

Some 2/1 shot that won at Turf Paradise yesterday, you could have taken over $7,000 US on him, and all at better than 3/1 odds. If you bet 7k in the win pool, that 2/1 shot would go off 1/9 at Turf Paradise.

[Cannon Shell]

Originally Posted by jms62

I think his point was that the market will be very thin being only NJ. Involved.

Regardless of the validity of your interpretation of his intent it just gets tiresome when seemingly there is negativity attached to every racing topic, even the likely positive developments.

[randallscott35]

Originally Posted by Cannon Shell

Regardless of the validity of your interpretation of his intent it just gets tiresome when seemingly there is negativity attached to every racing topic, even the likely positive developments.

Ridiculous. I want things to succeed. I live in NJ. I will participate if the numbers are right. That being said, Betfair own TVG and I can tell you with first hand knowledge that they are awful. And that is our only option in this state, legally. So having confidence in them running this thing is going to be wait and see.

[Cannon Shell]

Originally Posted by randallscott35

Ridiculous. I want things to succeed. I live in NJ. I will participate if the numbers are right. That being said, Betfair own TVG and I can tell you with first hand knowledge that they are awful. And that is our only option in this state, legally. So having confidence in them running this thing is going to be wait and see.

Betfair has nothing to do with it being available in just one state.

[jms62]

Originally Posted by randallscott35

Ridiculous. I want things to succeed. I live in NJ. I will participate if the numbers are right. That being said, Betfair own TVG and I can tell you with first hand knowledge that they are awful. And that is our only option in this state, legally. So having confidence in them running this thing is going to be wait and see.

How are they awful? I've had nothing but positive experiences with them.

[randallscott35]

Originally Posted by jms62

How are they awful? I've had nothing but positive experiences with them.

You mean the .1% rebate is to die for? The interface when it was just 4njbets was far better. I've also found their withdrawal process to be far less smooth than the deposit process which is quite annoying. Their on air talent is not talented...should I go on.

[Benny]

Originally Posted by randallscott35

You mean the .1% rebate is to die for? The interface when it was just 4njbets was far better. I've also found their withdrawal process to be far less smooth than the deposit process which is quite annoying. Their on air talent is not talented...should I go on.

I agree with Randall, funny how Cristy in his State of the State was all over "Choice", but makes a deal that limits ADW's to TVG only, = no choice.

LEts list the case vs TVG in New Jersey

- virtual non existant rebates of $ 5 per $2500 bet.
- withdrawal of $$ is very s l o w, compared to instant deposits, need proof from bank that $ is there.- often bet back $$ i wanted to withdraw, funny how that works
-poorly designed interface where the next race of a track isnot advanced to automatically.
- very slow update of will pay info, and pull down feature to see exacta and DD info - i must use other sources for this info
- wagering pad that floats and changes in size which one must manipulate.
- having list of featured tracks vs ones you want, which must be changed
- very small print size for these old eyes in results scratches etc
-few betting promotions and those few are atrocious
- limit of video to 10 hours per month unless betting level is reached
- betting timing is 2 minutes fast compared others.
- etc. etc etc


That said it is an improvement over the old site, but eons behind other ADW platforms. They are now up from the Model T, to an Edsel !

They have no incentive to provide more as the clientle has no other option except off shore. Our way or nothing,


-
-
-

-