Betfair is currently going to run "in running" betting for all grade 1 races in Australia.
"In the run betting has become so popular in the UK, it now accounts for about 18 per cent of all money traded on UK horse racing."
Also, remember the complaining when Betfair was licensed, from the old guard of racing, protecting their slicerooni? The cannablization argument was first and foremost. It is not happening.
In Australia, the local subsidiary of UK-licensed online betting exchange Betfair has announced that it will increase its funding of the Tasmanian thoroughbred horseracing industry by 12.9 percent.
Increases in TOTE betting have also occurred during the last year. Innovation and bringing our product to a market is clearly a good thing.
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