Betfair from USA

[spreadbetting]

Everything will be done at state level so hard to see a single exchange coming to the fore early on. Plus the yanks do love to overtax things so I'd imagine any money coming into Betfair will have punative comission charges like some of the AUS turnover markets. Probably not going to be the american dream everyone was hoping for with tons of mug money piling into the markets.

[Derek27]

It's called the American dream because it happens while you sleep.

[ShaunWhite]

Plus the yanks do love to overtax things

Nobody taxes quite like the UK. The US pay a lot less income tax (and no ni) and sales tax is only about 8% vs 20% here. Our fuel tax is much higher too.

I can't actually think of anything they tax more than we do except for considering gambling profits as income.

[northbound]

I suspect BF will be given the red card, so the proceeds will kept within USA

The key will be whether anybody outside of America would be allowed to access it

Interesting point which made me think this might be good news for Smarkets, as their CEO and founder is from the USA.

[Naffman]

New Jersey currently has their own exchange (NJX) which is similar to Italy's where no one can access that exchange unless you're physically in that state/country.

They pay 12% on winnings but pay no premium charge - which I don't know if that's either NJ's decision or BF themselves in case they scare everyone away.

So I guess when it does become legal in the US will they integrate onto the Betfair.com site or will they still have their own one?

[Euler]

The most obvious route for expansion for Betfair is for them to use their existing platform TVG. It's an attheraces with a sportsbook.

[LeTiss]

The most obvious route for expansion for Betfair is for them to use their existing platform TVG. It's an attheraces with a sportsbook.

Wow, you've really sold that to me Peter!

Where can I sign up?

[Naffman]

The most obvious route for expansion for Betfair is for them to use their existing platform TVG. It's an attheraces with a sportsbook.

Have TVG got cameras from the 90's too?

[Euler]

Wow, you've really sold that to me Peter!

Where can I sign up?

https://www.tvg.com/

Worth a nose, it looks like they have added a bit of content and a differing framework from what I remember. I accidentally got in the shot when I had a tour of the facilities 4/5 years ago.

[mobius]

Paddy Power in talks to merge with Fan Duel
3 hours ago
http://www.bbc.co.uk/news/business-44136288

[wearthefoxhat]

Paddy Power in talks to merge with Fan Duel
3 hours ago
http://www.bbc.co.uk/news/business-44136288

They can afford to now as their share price recently took off.

month.PNG

Although some way to go since merger...

life.PNG

[cmuddle]

Wow, you've really sold that to me Peter!

Where can I sign up?

https://www.tvg.com/

Worth a nose, it looks like they have added a bit of content and a differing framework from what I remember. I accidentally got in the shot when I had a tour of the facilities 4/5 years ago.

Do you think these guys at tvg.com accept arbing? The price differences are tremendous!
One can not sign up unless one is a US citizen but I know a couple of people who are American and live in England.

[megarain]

Decent read why European books are shit.

Just hope the conclusions for USA are wrong.

https://www.quantumsportssolutions.com/ ... r-everyone

[megarain]

This isnt really just Betfair, but wont start another thread.

6 US states have now legalised sports betting .. New mexico being the latest. I think tax rates there will be prohibitive .. making lines v poor value .. but maybe they will learn.

The handle of New jersey for the 1st 3 mths : (handle is amount wagered in state) - 7 physical and 9 virtual books

Month 1 .. $40m' (July)

Month 2 .. $97m (Aug)

Month 3 .. $194m ... people literally standing in line for 2 hrs to place a bet.

To put it in some perspective .. las vegas handle, is not often over $400m a mth, with all of the casinos etc.

//

Sports Betting roadshows started .. $450 for the privaledge to attend a boot-camp. Maybe they looking for speakers ??

https://www.thelines.com/don-best-sport ... g-camp-nj/

Take out link if admin think its competition with masterclass .. lol

[PDC]

Take out link if admin think its competition with masterclass .. lol

I saw recently on twitter Peter was booking plane tickets.....sounds like he is moving there and setting up a satellite office back in the UK