|The new rival to bricks-and-mortar bookies, Internet betting, has not yet worked out certain snags in its operation and so far cannot be expected to cope with the online betting demand that could be placed on it during the 3-day Cheltenham horse racing festival which began yesterday. |
The turnover from this annual event is expected to surpass £200 million ($320 million) this year and Internet truncations should handle a lot of it, or so punters have presumed. However, Betfair, the betting exchange which handle 95% of Internet sportsbetting transactions, “suffered a series of crashes last week when turnover was running at perhaps 25% of the level it can expect [at the festival],” the Guardian report said.
However, the failure to accommodate was due, ironically, to Betfair’s effort to upgrade its website's hardware to prepare for Cheltenham. The new system “failed miserably within hours of introduction.” Betfair then reverted to its old hardware, which, of course, may not handle Cheltenham either.