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Could racing run it’s own exchange and rival Betfair?
Obviously Paul Roy would not be in favour of creating competition for his latest investment but (and I haven’t thought this through at all) a tie-in with the sale of the Tote (with on course punters betting into a BSP model) must somehow be possible. Obviously liquidity is the major issue but who better to provide it initially than extremely wealthy major racing players with a vested interest?
Or alternatively the industry could just cross it’s fingers and hope that RFC is the answer to a tricky question.
No, absolutely no chance. The investment in hardware and software would be completely beyond racing’s ability to fund it.
AP
Little has been mentioned lately of the massive cock-up which was Race-O, bankrolled by some of racing’s "shrewd investors". Perhaps that’s why one or 2 are so keen to get Harry Findlay, having accidentally presented him with a cheque for £1m twice in one weekend. Anyone remember this?
https://www.jump2bet.com/ An advanced deposit wagering service run by the NSA. No fixed odds at US tracks, but it isn’t run by an outside company like Twin Spires or Youbet.
Could "Racing"?
Probably not.
But what about someone within racing doing it for the benefit of racing? May be an Andy Stewart? Once he/she/they get back what they’ve invested; to turn it over to "Racing".
Value Is EverythingHarry Findlay could invest in this venture. And Barney Curley. Dean McKeown? But under no circumstances must Paul Roy be involved.
The main problem seems to be that Betfair isn’t really a true P2P exchange. The reports that the markets are choc a bloc with PLC market makers and bots. I have seen reports that 60%+ of the money is is this grey area. There really isn’t enough genuine punter 2 punter money to support a genuine exchange without the liquidity trickery we have at the moment.
Could I alter the question slightly and ask:
Could the Tote run its own exchange?
If the answer is yes, would this make the Tote’s purchase by a cabal/cartel of racing’s acronyms and acolytes a compelling idea and one that should be investigated, sounded-out and costed without delay
A Tote exchange would then be racing’s exchange wouldn’t it
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