|TAB, the Australian betting company, could be planning to set up its own betting exchange, despite its staunch opposition to UK exchange pioneer Betfair, according to reports. |
Betfair cites the registration of the trademarks ‘Tabfair’ and ‘Tabexchange’, although the report gave no indication of whether TAB itself registered the names.
TAB has had a long running battle to keep Betfair out of Australia, on the grounds that it is “a threat to the integrity of the racing industry”. Which prbably has absolutely nothing to do with the fact that Betfair, and exchange betting in general, are posing a serious threat to traditional bookmakers’ profits, by giving punters an average 20% better odds than the mainstream bookies!