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BETFAIR INTRODUCES IN-RUN BETTING TO MELBOURNE CUP

Online betting exchange Betfair Australia, which is co-owned by Oz gambling mogul James Packer, has extended its penetration of the horse racing market with the introduction of in-run betting at the prestigious Melbourne Cup, traditionally run over the first Tuesday in November.  Company spokesmen said that this form of wagering is expected to dominate gambling in Australia as punters become more technologically savvy, sports become more dependent on product fees and governments less tolerant of poker machines.
 
Betfair has been aggressively pursuing in-run wagering in the Land Downunder, introducing it last month on selected races on Guineas Day at Caulfield, and extended it to all 10 races on the Derby card at Flemington.
 
Prior to the big event, Betfair's chief executive, Andrew Twaits, said: "This will be the first Melbourne Cup where Australians will have the chance to bet online while the race is being run."
 
Betfair's in-running volumes have risen in recent weeks, from A$48 800 on Guineas Day to A$58 800 on Caulfield Cup day and A$60 200 on Cox Plate day to A$143 500 on Derby Day.
 
Looked at in the context of the $1.36 billion taken by Tabcorp alone during last year's Victorian spring racing carnival, it's not yet big money, but the potential is clearly there. Twaits says, "Anything over 1 percent of total volume on the Melbourne Cup will be a good result. Online in-running betting represents a generational change in the way punters can bet on races."
 
Betfair extracts an average commission of 3.5 percent on the net result, compared with the 15 percent typically taken by TABs.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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