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two different bookmaking racecourse firms linking together their computers to share business is illegal and in the category of price fixing.
be warned
be warned
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according to legal advice..expect letters in the post
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Interesting Adge,can take it or leave it myself.
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good morning facts sorry to see you are giving your royal ascot pitch away at that price.
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ONLY TO BUY UP MY FRIEND
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that's good to hear
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WILL PROBABLY GET ONE IN THE LATE THIRTIES AND THEN LINK IT UP WITH THE TASH WITH THE CASH
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that's illigal
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Pitch linking also breaches the terms of the contracts you have signed btw.
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AND ON THE WAY DOWN I WILL DRIVE AT A CONSTANT 90MPH
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The suggestions that linking is illegal or breaches the terms of the 2012 licences can only be based on opinion at present as the issues involved have not been tested at law. No doubt they will be before the matter is finally resolved.
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Yet another reason why the SP system is outdated and not a good marker.
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Not many different firms are linking as far as I know but there certainly have been instances at Yarmouth and Newmarket this season. If your original statement is true adge how will the prohibition of this practice be enforced ?
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democrat
its a much bigger problem in the north,west country catching the north up. |
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jimnast
define "problem" in this context |
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bant
how do you mean ? |
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Does he have to bant ? Is it not self explanatory ?
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why, how and to whom is it a "problem"?
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why = some who link up with others are only doing so as they cannot make it pay by betting on there own as its just a 2nd income to them,how = therefore there would be less books in the ring making it better for those full time bookmakers .whom = most other bookmakers.
we had a situation recently when the brm stood in front of a bookmakers joint at pitching up time called his name 3 times the bookmaker didn't even know whos name he was betting in. |
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U COULDNT WRITE IT! |
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So linking creates pressures of a competitive nature which every other industry and economic sector have to face up to all the time, but on-course bookmakers should be entitled to be immune to the freedoms, innovations and progressiveness which are normally the lifeblood of successful entrepreneurship?
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to many big words for me there pal.
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ME AND JONNY W ARE GOING TO JOIN THE MONEY FOR OLD ROPERS NEXT YEAR, IVE BOUGHT A HUGE SATCHEL TO STORE THE WONGA
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Don't agree with it ,due to reduced competition and potential for price fixing ( possible oligopoly market as with Petrol companies).
Thers got to be some regulation Bant otherwise the bigger firms will mop up everything and do as they please. |
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The existence of the exchanges has already reduced the pricing range (and price based competition) to an extent even narrower than that of the fuel industry. Also, it could be argued that linking actually keeps money off the exchange and in the ring. I also suspect that the longer term effect of the 2012 contracts and the increased costs arising will in any case eventually lead to a contraction of the industry into the hands of the bigger firms.
I just cannot get my head around the "price fixing" argument. How do two, three or even four linked pitches create a cartel with so many other operators all around? |
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They don't, but if it spreads thats were the problem lies.
The "price fixing " stuff from the bookies on here is just for their own benefit, but if it reduces competition then it can only make the on course market even worse than it already is, and offer punters even worse value. |
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I suspect that the limits on the reliability of the technology and the preference for the retention of their independence by the majority of operators will protect against the excessive erosion of competition, although this could be where the use of some limiting regulation could protect against the excesses that theoretically could develop in terms of linking, without the need to try and ban it per se.
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ENGLISH ONLY PLEASE?????
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Who do you link with bant?
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bant links with the English Dictionery
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sorry. I thought the forum was a medium for sensible discourse. my mistake.
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only a joke - sorry!
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BANT,"IT COULD BE ARGUED THAT LINKING ACTUALLY KEEPS MONEY IN THE RING" PLEASE EXPLAIN
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to clarity , this is following concerns by racecourses.
legal opinion was sought by racecourse associations [ and has come back crystal clear ] , the bookmaker associations have not paid for any legal advice. |
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Concerns from racecourses sounds like a load of twaddle
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if cartels are happening on racecourse premises you would think they would be first in line if any questions asked.......
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the legal opinion was sought and presumably paid for by jockey club racecourses , APG
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cartels in the ring?
the only interpretation of this is that the same sub-standard prices are offered by all operators well, if that is the case, it comes down to the nous of the punter - he doesn't have to take those prices. But surely this is the very reason why the ring should not be regulated at all. Independent free-thinking bookies will want to break the cartel if one exists by offering better prices to get the business |
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Cartel could be misconstrued for RRP - recommended retail percentage
Or betting to good figures which most bookies have no idea how to do |