Sports betting is completely different, I can bet on Moana Pacifica to win Super Rugby, or Paramatta to win next year's NRL or Southland to win next year's NPC, or Iceland to win Footballs World Cup, reason is they are actually competing in the event, Iceland are still in the qualifying stage, I still havnt been able to find anywhere on the TAB site if I bet on Djockovic to win the aussie open and he don't turn up if I get my dosh back, on betfair I'm sure you did, these days we have been blinded access to these sites so I can't confirm but with horse racing they ain't competing, you are sumising they may run.
It actually allows people to manipulate the market as the no deductions probably did, maybe deductions should apply to the futures market as well but how does one not know if those close to leap to fame know hes is not going to be here and have stacked on some others in the futures market?I think no deductions should still be available, even if only for bets placed after 10am, my beef with the futures is if ya horse dont start you dont get a refund,.......Gamma you say it's just a bit of fun but tell me if you know of anyone who will put 25grand or whatever on Leap To Fame or Swayzee or whatever in the futures market, they will or may in the final field option, so the reality is as the futures market is as is now no one really going to bother much with futures market anyway.
I just think the discussion should be about the race, not the markets, maybe O O'Connor and the likes are being instructed by the hierachy to push the futures market, don't know why, I may have a bet on the cup, most likely it will be in the last 15 minutes leading up to the race.