Are betting exchanges beneficial for sport?

Are betting exchanges good or bad for sport?

Sport is better when there are betting exchanges. They can add excitement to events for fans and potential revenue streams for sporting organizations. Betfair pioneered "People to People Punting", which has revolutionized the world's betting market. Customers can instantly trade with each other via phone or internet on a wide variety of sporting markets. Betfair accepted bets from punters in 76 countries during the Ashes Series.

The exchanges have eliminated the need to be a "traditional" bookmaker with their high profit margins. Betfair is a platform that offers choice, value, transparency, and integrity to customers. The big bookmakers and state-monopolies don’t like it. Because of this, there has been a coordinated campaign by vested interest to first outlaw and then to tax punitively betting exchanges in Britain. The bookmakers claim that this has led to a collapse of the betting exchanges in Britain. In fact, they are promoting corruption and bad for sport.

Take Harry Redknapp's recent gambling coup to become Portsmouth manager. Betfair is the only online bookmaker to be cooperating with the Football Association. We have a Memorandum of Understanding. Every transaction, bet, and phone call can be tracked and the MoU allows for the authorities to obtain details about any insider trading activity.

The market for Portsmouth managers was valued at more than PS25million - Betfair received PS16.5m. This number was not obtained by clever investigative reporting. It and every other matched bet figure are displayed on our website during live betting.

We are transparent in our business, and we have a good relationship with the FA. This will ensure that anyone who tries to cheat is caught. Conventional bookmakers will not give the FA account information or figures because it is considered commercially sensitive.

To ban corrupt jockeys from racing, we collaborate closely with the Jockey Club. As other bookmakers, we contribute a part of our profits towards the funding of the sport. Australia recently allowed exchanges to be licensed. We intend to contribute a part of our profits towards racing bodies. We are a pioneer in making payments to the Australian Football League, and other sports. Betfair facilitates in-play betting, making punting even more exciting. Customers act as traders by backing or opposing a team when the odds are in their favor. Because people are willing to offer odds to each others, their prices reflect their true value better than any High Street bookies. Traditional bookmakers are still rooted in an outdated business model of 40 years that has worked well for their shareholders and been successful over the years. We believe in a better future of the punter.

Public expectations are higher for those involved in and who manage sport. Betfair's model of transparency, fairness and integrity, combined with scrutiny and integrity, is an example of this. how to have advantage over betting exchange