Ladbrokes making a move Down Under?

With the Victorian retail licence up for grabs in 2012 (TABCorp currently hold the licensed monopoly for off-course betting shops in the state of Victoria), it was only to be expected that the big players might get involved. Tabcorp might re-bid, Tattersall's/UniTAB might add to their control of Queensland and SA or perhaps a firm like Betfair might make a bid, considering they are probably favourite to buy the Tasmanian TAB.

Well, UK betting giant Ladbrokes have voiced their intention to bid with a well-publicised tour of Melbourne.

British betting giant wants to control punting in Victoria

Here's the original market from IAS, it's changed a bit already (although Mark Read is never afraid to tweak odds purely for the publicity). Latest odds can be found here.

Mainland Aussie govts are very insular. It took a 'rebel' state in Tasmania to give a licence to Betfair, I can't see a non-Australian firm getting the licence. But I've been wrong before and no doubt will be wrong again!

Comments

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

Betdaq.... sold...... FOR HOW MUCH???

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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...

Sport is made for betting

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