Skip to main content

Betfair and Sportingbet take on NSW government

About time too. The ridiculous protectionist advertising laws in NSW are being taken to task in the Federal Court. Read the story here from the Virtual Formguide.

What's the betting on NSW getting embarrassed like the WA Govt just a few months ago??
Labels:

Comments

  1. Sandracer20 July 2008 at 10:12

    Sportingbet are a terrible company who deserve no day in court for anything anyone else does.

    Rather sadly, Betfair don't have many marketing scruples are going the same way when it comes to treating all punters fairly without waffling on about advantage players having the audacity to beat the house.

    ReplyDelete
  2. Scott20 July 2008 at 12:57

    The legislation is unconstitutional, and the govt have relied on Australian bookmakers being too small to contest it in a Federal Court. This case, as a sequel to the Betfair v WA case, has the potential to change the landscape of Australian wagering forever, and for the good of punters.

    ReplyDelete
  3. Sandracer20 July 2008 at 13:16

    I guess it takes firms with deep pockets to better things for the punter somewhat, admittedly in the pursuit of more profits for deep pockets.

    I just have a bit of a problem being grateful, when these big firms are allegedly (imo) ripping off the little guy.

    ReplyDelete

Post a comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

Preview de la Prix de l'Arc de Triomphe 2020

The European flat racing season comes to its natural conclusion in this messed up hell of a year. The queen of the turf, Enable, goes for an historic third win but it has been wet and cold all week in Paris, making it a tough old slog in deep ground. There won't be much of a crowd there to 'bring the house down' if she wins, in front of no more than 1000 paying spectators, but the racing world will be tuning in across the globe. =============================================== Prix de L'Arc de Triomphe   ParisLongchamp, 1605 local, 1505 BST, 0005 Monday Sydney time.  2400m, Group 1 Weight-for-Age, (no geldings)  Approx €3m.  Expected Going - Heavy.  1.Persian King - 4yo, Kingman/Pretty Please - Andre Fabre - Pierre Charles Boudot   Star French colt stepping up to a mile and a half for the first time. Won the French 2000 Guineas (Poulains) on heavy ground but ran fourth (only time in his career finishing worse than second) in the Jacques Le Marois, almost nine lengt
Post a comment
Read more

It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur
14 comments
Read more

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...
32 comments
Read more