betfair USA ?

what news did u hear?  gotta link to a story?

hard to believe this year, certainly hope horse racing isnt covered.

Just a small problem ... the federal law.

^^

http://newscurrentevents.com/betfair-usa/

Betfair USA could is set to be up and running by late this year. Betfair has recently set up an operations centre in San Francisco anticipating betting exchanges becoming legal throughout the states to help bolster the flagging US economy.

there u go ante  x x x

So? They set up an operations center! Of course they do. If there is a 1% chance of a multibillion $ industry opening up, of course they have to open an operations center, just in case.

However I reserve the right not to get excited over a 1% chance. (And 1% is probably overly optimistic.)

European countries are fleeing Betfair in droves.

i hope they dont get things started & ruin u.s horse racing like they have over here

what will happen to the u.s tote, nobody will bet on the tote, surely betfair cant afford to pay the tote revenue

winstonsmith1984 Joined: 03 Sep 10
Replies: 1331 12 Apr 11 17:30 
what news did u hear?  gotta link to a story?



I'm disgusted, truly disgusted

Our resident P/C's player, punter extraordinaire, expert of experts, the pinnacle  of racing knowledge, the one, the only, champagne and caviar boobus americanus (or is it boobus-middle-class-americanus, I forget?) does not know what's going on????

I'm shocked, totally shocked I tell you

boogie, i don't think tote holds would change at all with introduction of BF into US. There is no evidence in Aust that tote holds are down at all.

thecanadian, do you have to ruin a good thread with your silly childish feud.

thx for the link, aspy....I don't think it gives us much more hope, though.  Betfair want to have everything in place so they can get as much of a head-start on the competition as possible, whether it be 6 months or 6 years.  Laws need to be changed, politicians need to be paid off, tax revenues need to be fought over, etc.

pythia is the man with the inside info....he works for betfair usa...he sometimes posts the latest news

Here's a refresher course for you billy/winston/lucky/adira/pro/iron or whoever you're sick little mind decided to be today. Have you figured out by now that a racing commission doesn't "grate" licenses, or do you still need some help with that?

You should learn to hide your ignorance a little better. (Hint: you should have posted asking for a link under adira or lucky, not as winston)




Menelaus Joined: 03 Feb 05
Replies: 455 03 Feb 11 15:52 
The photoshopped P&L statements you pollute these forums with are trying to convince us that you are indeed a successful professional, but like I said in an earlier post, all the other clueless stuff you post on here point to a different direction.

First of all, a commission doesn't "grate" a license, it grants a license. Unless by license you mean cheese. And NO, the NJ Racing Commission hasn't granted a license to anyone yet.

Gov. Christie approving exchange betting was baked in the cake long ago, or at least since California passed their bill of approving exchange betting starting in 2012 CONDITIONAL on Horsemen agreeing to a deal with a platform provider such a Betfair.

Huge issues still remain:

1. Horsemen still have to agree to a deal that benefits them complicated by the fact that "horsemen" are represented by different groups often with different agendas. Betfair offers a proven platform but will have to agree to a significantly enhanced profit sharing agreement than the one they have here  in the UK, probably closer to the level that the Yanks are already used to through the various track takeout arrangements  If Betfair were to agree to a higher payback, it may open up Pandora's box for them in how the BHA would view such a deal.

2. The Yanks are aware that exchange betting is a lucrative business, they are not about to hand over millions of new subscribers to Betfair without a fight, they fully understand the impact of cannibalizing their own market to a large extent. Yes, exchange betting will create some new customers but for the most part it will be money migrating from tote betting. The CDI group is already making overtures of developing their own platform and they haven't exactly been a "Betfair friendly" group in offering their product to Betfair in the past. They have the money and the resources to pull it off, especially if they initially simplify the platform by offering strictly exchange betting on horseracing. As soon as NYRA gets their act together, you can be sure they'll follow. California is a mess, who knows what they'll do.

3. Here's the biggest obstacle. For these bills at the State level to have any meaning the FEDERAL law needs to change. Political processes are always cumbersome with various stakeholders all wanting their pound of flesh but especially cumbersome now with the House and the Senate divided. For the moment, it appears that enacting a change in the federal law can only be accomplished by "burying" it as part on another bill but those things are not only very difficult to predict the mood on the Hill right now may be not right for it.

For an industry that you claim you make a living in, you seem to be pretty much ignorant of just about everything that effects it.

Melaine/Comedian

Everyone on here knows your the same poster, that means your the same loser , the same PC liar , the same clown who pretends to  pays their PC in CDN when of course this is impossible.  The same clown whos goes PIP PIP PIP  I need a footy tip ive had a terrible day on the gee gees.
Give it up clown your defeated hands down.

i think there must be a good chance it will happen, maybe 2 years away though

If you think it's going to happen in the next two years then I suggest you buy betfair shares NOW

massive scandal unfolding in UK sure to have a negative impact on "betfair usa"

And what exactly is this, old chap?

rink rat, try this

http://lmgtfy.com/?q=UK+jockey+scandal

Already being linked to exchange wagering & US. Check this article out

http://www.paulickreport.com/news/ray-s-paddock/race-fixing-scandal-looms-in-england-american-jockey-sues-over-ban/

Thx Kye.

Nonsense. None of this matters.....PRO's already know that a legitimate alternative to Betfair is being developed in Las Vegas as we speak

"Race fixing is a crime and any allegation must be investigated as such by both the horse racing authorities and the police, for the sake of the jockeys, the trainers, the punters and above all the hundreds of thousands of people who make their living through racing," said Sir Peter Bottomley, a member of the Parliamentary All-Party Racing and Bloodstock Group. "Dishonesty in horse racing is fortunately rare and it must be kept that way."

This part made me laugh.

nice catch, ante

HILARIOUS