Re: Computer-Robotic Wagering (939 Views)
Posted by:
Fairmount1 (IP Logged)
Date: November 30, 2015 08:40PM
Several interesting things of note in Hegarty's article.
http://www.drf.com/news/betfair-gains-first-exchange-wagering-license-us
[i]
[b]U.S. critics have said they fear the practice (exchange betting) could cannibalize the industry's existing parimutuel revenue streams.[/b][/i]
But if you didn't make it to the last paragraph, here it is on point with this thread---70 PERCENT?????:
[b][i]Zanzuccki said that the New Jersey license prohibits betting on the exchange by robotic programs that are designed to scour the propositions offered on the site and quickly match or propose wagers. Betfair officials have told the commission that 70 percent of its business is generated by the programs, and Zanzuccki said the racing commission may reconsider the prohibition after a study of the robotic programs' existing practices are conducted by an independent consulting group that conducts audits of gambling operations on behalf of state gambling agencies.[/i][/b]