Exchange Betting At Monmouth Park
Jan 20, 2014 9:24:48 GMT -5
Post by Evelyn on Jan 20, 2014 9:24:48 GMT -5
Anyone looking forward to Exchange wagering? Not me as I think it's ripe for scandal and race fixing here in the US. So you think it will be successful here?
Exchange Betting At Monmouth Park
Exchange betting is set to make its racetrack debut in the US in May when racing returns to Monmouth Park in New Jersey.
Racing & Sports
Monmouth Park and Betfair have reached a five-year agreement after the state legislature approved exchange wagering allowing punters to wager against one another, set their own odds and wager during races.
After final regulatory measures are resolved, Monmouth will become the first track in the US to offer exchange wagering which commands a huge market in Europe and Australia since it was introduced by the British-based Betfair more than a decade ago.
Betfair has had a presence at Monmouth Park offering online account wagering since last year.
"We’re very pleased to continue our relationship with Betfair," commented Dennis Drazin for the track operator Darby Development.
"TVG Betfair has been an integral part of Monmouth Park’s success. They’ve been doing an excellent job in the other areas that we’re involved with the live TV at the racetrack and the account wagering.
“They’ve increased our business in the account wagering in the 10 months that they’ve been with us by 58% and we look forward to a long and prosperous future with them offering exchange wagering.”
The New Jersey Racing Commission has completed its regulatory scheme which must now be sent to the state’s Attorney General for review followed by a period of public commentary.
"It’s a process we hope to be completed by May when we hope to be able to offer exchange wagering for our consumers by the opening of Monmouth,” Drazin said.
Drazin is happy with Betfair’s agreement with Monmouth.
"The percentage returned is higher than it is in Europe so I think we have a fair percentage,” he said.
"The one thing that is terrific is there is no in-race wagering in New Jersey. I think that is an exciting prospect for people.
"The other thing that exchange wagering does is it gears for a different demographic.”
“You’re going to be doing this mostly on computers, on machines that we have at the track, from home or the office or from your smart phone.”
Racing And Sports
Exchange Betting At Monmouth Park
Exchange betting is set to make its racetrack debut in the US in May when racing returns to Monmouth Park in New Jersey.
Racing & Sports
Monmouth Park and Betfair have reached a five-year agreement after the state legislature approved exchange wagering allowing punters to wager against one another, set their own odds and wager during races.
After final regulatory measures are resolved, Monmouth will become the first track in the US to offer exchange wagering which commands a huge market in Europe and Australia since it was introduced by the British-based Betfair more than a decade ago.
Betfair has had a presence at Monmouth Park offering online account wagering since last year.
"We’re very pleased to continue our relationship with Betfair," commented Dennis Drazin for the track operator Darby Development.
"TVG Betfair has been an integral part of Monmouth Park’s success. They’ve been doing an excellent job in the other areas that we’re involved with the live TV at the racetrack and the account wagering.
“They’ve increased our business in the account wagering in the 10 months that they’ve been with us by 58% and we look forward to a long and prosperous future with them offering exchange wagering.”
The New Jersey Racing Commission has completed its regulatory scheme which must now be sent to the state’s Attorney General for review followed by a period of public commentary.
"It’s a process we hope to be completed by May when we hope to be able to offer exchange wagering for our consumers by the opening of Monmouth,” Drazin said.
Drazin is happy with Betfair’s agreement with Monmouth.
"The percentage returned is higher than it is in Europe so I think we have a fair percentage,” he said.
"The one thing that is terrific is there is no in-race wagering in New Jersey. I think that is an exciting prospect for people.
"The other thing that exchange wagering does is it gears for a different demographic.”
“You’re going to be doing this mostly on computers, on machines that we have at the track, from home or the office or from your smart phone.”
Racing And Sports
