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Bit Of A Yarn

Competitions - the future of racing?


The Centaur

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As I have noticed on here although not a very good participant - following racing via a competition can be far more enjoyable than trying to outwit a nameless, faceless bookie.

When one goes to a Casino most prefer the group participation around a table rather than up against a poker machine. Racing is composed of all sorts of groups and the motivation to get into a syndicate is the interaction among the group. Since the internet age racing administrators have not grasped this significance but have spent millions pursuing the old formula of tote, and bookie betting.

When I go to a TAB I would like to go and compete and interact with the others. Instead all I can do is just put the money into a national pool or national bookie. Thats very boring.

So the answer must be smaller localized pools or specific interest pools rather than one big national tote pool. AS well I can't see the future for bookie betting unless its just to cater for the high rollers. WE don't need bookies. Far better and economic using their brains to grow racing and let punters themselves act as bookies although not the way Betfair does it. 

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I'm keen to hear more. Given peer to peer is the global trend, what are you suggesting that will exceed that (even though your own suggestion seems to be peer to peer in essence), which is all betfair and other exchanges are. Some of the largest sites these days are largely peer to peer.

You can already run group based inter group competitive betting. I can bet x against a mate on any race I like on any combination I like. No commission or external charges. Doesn't have to be on anything available elsewhere. Could be on how many threads Thomass starts in a day.

The biggest issue with any peer to peer anything, is having quantity. Limited quantity leads to limited interest. Are you able to expand in any way on what you are thinking? 

 

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mardigras, chief stipe and others.

I wrote an extensive reply and then it just dissapeared. Has happened before. Initially I thought it may be censorship but seems the period for staying logged in whilst writing anuthing is far too short. Most frustrating.

Will reply to this topic when time permits.

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