Rise of the Betting Exchange
By staff
Henry Spurway of Edinburgh, UK, has potentially revolutionised both high street bookmakers and Internet gambling. Henry’s visionary idea for an Internet betting exchange has been given the go ahead by Edinburgh’s licensing board.

Simply taking the idea of a high street bookmaker and merging it with an Internet café Henry looks set to make a fortune. Just as with online betting exchanges, like Betfair, punters will be able to bet over the Internet against each other, cutting out the bookmaker altogether and offering each other odds no bookmaker ever would.

The idea caused such a storm among the leading high street bookmakers, such as Ladbrokes and William Hill, that they insisted Henry’s new venture is illegal. Yet despite their concern Henry won licensing anyway. In fact he now plans to open 100 shops around the UK. With the big bookmakers already losing an estimated £50 - £60m turnover per week to online betting exchanges you can understand what Henry’s new empire will mean to their remaining business if they keep treading water.

As for I-gamers, well you may already have the convenience of using your own home to place bets from – but at least you’ll have the social option of nipping out for a cup of tea with fellow punters at one of Henry’s shops.

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