U
useful
Guest
Well said Cantoris - at last someone capable of not slagging the small punter.
Exchanges are good in the sense of getting on big without you stake being restricted by the bookies. And they are great for the new dimension they gave punters who can now bet on horses to lose.
You are right though - they have also made it incredibly easy for connections to defraud the public if they are that way inclinced.
With prize money as low as it is, there is clearly more incentive to defraud via the exchanges than to run on merit. Also the former is a guaranteed return everytime. In the old days you had to "fix" a race whereas now you simply stop your own horse.
The BBC aired a big expose a few of years back with some very high profile people exposed. But all of the people exposed are still working in racing, and winning at the high profile meetings. Whats that all about?
The main "betting exchange" do , to be fair, claim to monitor and report unusual betting patterns but I think this only gets to the tip of the iceberg.
Until a high profile criminal prosecution succeeds the sport will continue to "smell".
Exchanges are good in the sense of getting on big without you stake being restricted by the bookies. And they are great for the new dimension they gave punters who can now bet on horses to lose.
You are right though - they have also made it incredibly easy for connections to defraud the public if they are that way inclinced.
With prize money as low as it is, there is clearly more incentive to defraud via the exchanges than to run on merit. Also the former is a guaranteed return everytime. In the old days you had to "fix" a race whereas now you simply stop your own horse.
The BBC aired a big expose a few of years back with some very high profile people exposed. But all of the people exposed are still working in racing, and winning at the high profile meetings. Whats that all about?
The main "betting exchange" do , to be fair, claim to monitor and report unusual betting patterns but I think this only gets to the tip of the iceberg.
Until a high profile criminal prosecution succeeds the sport will continue to "smell".