14/3/2003 edition

Internet Betting Exchanges

There's been considerable feedback to last week's article "Betting Exchanges, Bettors' Bonanza".

The most over the top response was that because we recommended Betting Exchanges as a new, exciting form of betting that provides competition, and value for bettors, we should go the whole way and support illegal SP bookies.

Why? Because while Betting Exchanges keep about 5%, SP bookies were cheaper and didn't take any percentage from winning bets.

That is the typical of the ill thought out reasoning we're getting at present on the whole issue of betting exchanges. It's just as bad as saying that if a fixed odds market was set on the toss of a coin at $1.50 heads, $1.50 tails, with no deduction taken from the winning bets, that you should support it because it's cheaper than the betting exchanges with their 5% deductions from winning bets.

When betting exchanges keep 5% from winning bets they are returning 95% of money bet to the punters. Compare that with horse racing tote exotics' pools that only return about 80% of money bet to the punters. Of course, it goes without saying, that SP bookies did not return anywhere near 95% of money bet with them to the punters because their odds were poor.

This edition of Punt to Win:
Internet Betting Exchanges
Northerly's Australian Cup form reversal
Horseracing betting tips
Handicapping tips - weight and class
Money talks - Randwick betting tips from the track
Money talks - Flemington betting tips from the track
Money talks - Doomben betting tips from the track
Money talks - Morphettville betting tips from the track
Future winners - unlucky horses
Punt to Win 7/3/2003
Punt to Win index

Betting packages

Back Tote Longshots?

Copyright ©1998-present. OZmium Pty. Ltd. All rights reserved.