Betting Exchanges

Horsemen Express Concerns Over Betting Exchanges

A debate over the pros and cons of exchange wagering highlighted the morning session of the Horsemen’s Benevolent and Protective Association’s winter convention on Jan. 24. According to the Blood-Horse, the HBPA panel addressed concerns over the potential “cannibalization” of existing wagering, as well as the possibility for bettors to manipulate races. In exchange wagering, […]

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Rise in Profits has Betfair Looking to Expand in U.S., Italy

With projected earnings figures higher than what analysts had forecasted, officials with Betfair have once again set their sights on the U.S. market in an effort to expand the company’s business. According to a report in the Racing Post, Betfair reported that underlying earnings for the first six months of the company’s financial year increased, […]

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California opens public comment period on exchange wagering

The California Horse Racing Board voted Thursday to submit exchange wagering rules for a 45-day public comment period – the first step in what could be a lengthy process.  Betfair, which owns TVG, and Del Mar Racetrack are hoping the state will legalize betting exchanges by the start of Del Mar’s meet in July, but […]

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Pricci: If not betting exchanges, how about fixed-odds wagering?

Horse Race Insider John Pricci writes that if recent betting scandals in Britain sour U.S. racing jurisdictions on the idea of betting exchanges, then perhaps the U.S. industry should at least consider offering fixed-odds bets to shake things up: “Fixed-odds wagering could stand alone, but given that the industry and many of its fans are […]

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Betfair to unveil study on exchange wagering

Betfair plans to release the results of a “major racing industry study on exchange wagering” Monday.  The company commissioned Christiansen Capital Advisors to do the study.  Founding partner Eugene Christiansen will share the findings online and discuss them in a teleconfernce Monday afternoon.

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Race fixing scandal looms in England; American jockey sues over ban

Opponents of exchange wagering in the United States got some new ammunition to support their position via press reports in England that five jockeys are under investigation for advising a gang of internet gamblers to bet on their horses to lose. According to reports, jockeys received 5,000 British pounds every time their horse would not […]

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Pull The Pocket: Derby Futures and Betting Exchanges

There has been much controversy over the possibility of betting exchanges sweeping over the American Thoroughbred landscape. Would it be good for the sport or another way for money to not go back to the racing product? Dean Towers at Pull The Pocket believes there is much to be excited about when the subject of […]

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The Breeders’ Cup Forum: Barry Meadow and the Horseplayer View

In the early 1980s, when I worked days at the Los Angeles office of Daily Racing Form and spent many of my nights playing the harness races at Hollywood Park and Los Alamitos, I was introduced to a serious and studious horseplayer named Barry Meadow (nicknamed Barry Meadow Skipper by a mutual friend in honor […]

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Can exchange wagering be the savior of New Jersey racing?

There seems to be a strong push to keep New Jersey racing afloat despite some recent decisions that have prioritized Atlantic City’s future. It seems that exchange wagering will be pushed by Garden State politicians. Will this additional wagering option dig the $1 billion horse industry out of its current hole? And will they be […]

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Betting on Betfair

Paul Roy– the chairman of the British Horseracing Authority who has been an outspoken critic of Betfair, the betting exchange company that owns TVG and is hoping to expand its business into the U.S.—became a major investor in Betfair after its initial public offering on the London Stock Exchange last week. require_once(ABSPATH. ‘/wp-content/blogad.php’); ?> […]

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