|It seems that recent press reports in Australia, are now starting to turn more towards the side of online betting exchanges in the great battle between newcomer Betfair and the Australian racing industry. A horse race held at Rosehill on the weekend has resulted in much media debating on this hot issue for Australian gambling. The Theo Marks Stakes held on Saturday, had an unexpected result which has cost bookmakers, and resulted in further debate on the issue of the integrity of online bookmakers.|
The racing industry has been asserting that the risk of race fixing would be increased, should the presence of betting exchanges such as Betfair be allowed, and the startling result of a non favoured horse winning a big event could serve to open up that idea further.
However the press have taken it upon themselves to use this result as an opportunity to compare the punting activity on Betfair compared to that of land based bookmakers. As racing traditionalists are concerned that the ability of punters to be against each other, and therefore stand to win from backing a loser will provide temptation for race fixing crimes. However the findings now published in the Australian press have discovered that the prices offered, and betting patterns on the site, are very much in line with the activity seen by land based bookies. A fact that the press are now using to dismantle the theorising of risk of corruption that has been put forward by the racing industry. It is a significant turn of attitude for the hounded online operator, who have been plagued by opposition since the Australian government decided not to impede their entry into the Australian gambling industry.