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SUMMARY
Should those betting exchanges be banned?
TOTE 'N' BOOKIE HYSTERIA
Is there an element of hysteria about the opposition to the establishment of betting exchanges for Aussie punters? I think there is.For starters, I believe the importance of exchange betting is being over-emphasised. It won't hit TAB betting to any great extent, and bookmakers and even the totes should get into exchange betting themselves and offer the same service as organisations like Betfair.
A ban on betting exchanges would be a stupid move, not that we are short of stupidity in Australian governments these days. But in this instance, emotions should not rule the roost.
SUMMARY
The great betting boom – is Australia ready?
FUTURE SHOCK HITS HOME
Things are changing so rapidly in the world of gambling, thanks to the boom in the Internet, that all the "old ways" of doing things need to be thrown out the window.Though whether the people who run racing in Australia have got the message is debatable. Maybe they think they can avoid the changing world. Some hope.
Here's what bookmaker Mark Read has to say about the state of affairs at the moment.
SUMMARY
Our experts lock horns over betting changes
THE BETFAIR REVOLUTION
In this article our contributors E.J. Minnis and Roman Koz discuss the ins and outs of Betfair, the UK betting exchange with plans to operate in Australia and, naturally, creating concern among racing authorities.E.J. Minnis: You've often stated that you would like the opportunity to play "bookie", Roman, so now's your chance with the UK betting exchange called Betfair. Explain to me how it works.
Roman Koz: Well, firstly, E.J. let me tell you I am looking forward to this challenge like you would not believe. It is most exciting and, I think, for the serious punter, it's the best thing since sliced bread.
