Joel Stein: "Now I get it"

[Rudeboyelvis]

IMO, while a unique idea, exchange wagering is a gimmick that would never return it's costs to implement. Hell, they can't even close wagering accurately and consistently now, how in the world are they going to put something like this into place, much less assure that there will not be pre/post race(market) manipulation?

Takeout is and always has been the main reason that intelligent, seasoned gamblers stay away. Give a sports bettor a fighting chance and they won't be so stoked to take +100/-110 on a 3 hour event again when they can see exponential returns every 30 minutes.

[Calzone Lord]

Originally Posted by Rudeboyelvis

IMO, while a unique idea, exchange wagering is a gimmick that would never return it's costs to implement.

Don't agree at all.

Places like Turf Paradise and Presque Isle Downs routinely match over $50,000 a race on BetFair --- and that's with US bettors strictly shutout.

Exchange betting would be far more popular here than it has been in Europe...and it's done quite well in Europe.

Exchange betting in Europe...horse racing also has to compete with virtually every sport known to man. In America, horse racing could have it all to itself.