Quote:
Originally Posted by Honcho
Never going to need a new thread for Exchange Wagering it is dead in the water as i have already addressed this here. 12% MF'er PLEASE!!!
No one wanted to arb more than i itt and talked about this for years but at 12% and only NJ it is dead period
I am not sure I agree - in fact, I def disagree.
At 12%, its probably sustainable .. as a trial anyway, for a lot of vested interests.
For the punter, your return will still be better than the tote pool . and, if u are a foreign account holder, who pays premium charge, the commission is irelevent.
Its a major benefit .. to take a fixed exchange price, or be able to offer odds on horses, u want to lay.
Its a new way of betting .. on top of which, will be the ability to bet/trade, 'in-running'.
Am sure a lot of overseas interest, will acccrue.