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Betfair in Partnership with Monmouth Park

Friday, April 22, 2016 : U.S. DIVISION OF BETFAIR IN NEW U.S. EXCHANGE PARTNERSHIP
 
Collaboration with Monmouth Park set to begin next month.
 
The US branch of UK online gambling group Betfair (now part of the Betfair-Paddy Power UK gaming leviathan) has disclosed that starting May 10 it will operate a real-money betting exchange - the first in the United States - with New Jersey horseracing group Monmouth Park in the Darby Development group.
 
Beta testing on the new product is already in progress at Betfair-TVG's advance deposit wagering website 4NJBets, covered by a specific exchange wagering licence issued late last year after an extensive approval process.
 
The business plan is to levy a 12 percent commission on the net gains of punters using the exchange wagering facility
 
Betfair US has acknowledged that not all US racetrack owners are on board when it comes to exchange wagering, and the company has gone to some lengths to inform and educate them on the genre.
 
CEO Kip Levin says that the new development is being critically observed by interested parties, but he is confident that opposition will diminish as the concept proves itself with hard numbers.
 
Supporting Levin, Darby Development director and high profile New Jersey businessman Dennis Drazin told local press that exchange wagering would attract new players, creating fresh revenues, and that had to be positive for the industry.



Gambling News :

Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

Beautiful Bones is the latest game release from Microgaming - Beautiful Bones is a five reel, 243 ways to win, visually superb slot. The Day of the Dead-inspired slot features vibrant and elaborately decorated reels, which truly bring this game to life.

NBA Odds: Can Warriors Keep up the Pace in Cleveland? - The Cleveland Cavaliers head back home down 0-2 in the 2017 NBA Finals after losing the first two games straight up and against the spread to the Golden State Warriors by wide margins. Game 3 is Wednesday at 9 PM ET on ABC.

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