Hypocrisy And Hysteria Abounds Over Betfair
Betfair has establishing a 60+ seat, sophisticated telephone betting operation in Hobart that has now been in operation for a over a year.
When first given the go ahead from the Tasmanian government, Betfair, (which is part owned by James Packer PBL ) was all doom and gloom from the different factions that had their own interests in punters money and the racing industry in Tasmania to the do-gooders that believe that their opinion rules for everybody, because the majority cant make their own decisions.
New South Wales seems to now be in a similar situation going by this article in The Virtual FormGuide.
From this article, I found this interesting:
- In Betfair’s first full year of operation in Tasmania, TOTE Tasmania turnover actually rose by 20%, the largest annual increase of any Australian TAB. There is ample evidence that betting exchange activity stimulates TAB turnover, not the other other way round.
