Scarper
30-09-2002, 22:59
You may have heard of the concept of a betting exchange, where you bet
against other punters, deciding if you want to back or lay your fancy
depending on what you think of its winning chances. Instead of the TAB
or bookmaker taking nearly 20% of the pool, the exchange operator takes
only 5% of the net winnings of your bet, so its not hard to see that you
get better odds. By eliminating the middleman and using internet
technology to facilitate processing, punters get the benefit of a much
better return (could be 19% better than starting price).
To date the Player to Player (P2P) phenomenon is most popular in the UK,
where betting exchange turnover has gone from nothing to an astonishing
50 million pounds per week ($7.5 billion Australian annually) in the
past two years. Now punters on Australian races and sporting events can
enjoy the same service as introduced by us at the TwoFlys Exchange at
www.TwoFlys.com. (http://www.TwoFlys.com.)
Operating from London, TwoFlys is legal for Australian punters to use
under the Australian Federal Government's Interactive Gambling Act which
does not apply to wagering on horse races or sporting events. You are
betting against other punters, so you are not betting with a bookmaker,
totalisator or a casino.
We are currently offering a free credit of $10,000 play-money for users
to trial our system during the Spring Racing Carnival and tell us what
you think. All you have to do is go to www.TwoFlys.com (http://www.TwoFlys.com) and register.
Regards,
Customer Service,
TwoFlys Betting Exchange
www.TwoFlys.com (http://www.TwoFlys.com)
against other punters, deciding if you want to back or lay your fancy
depending on what you think of its winning chances. Instead of the TAB
or bookmaker taking nearly 20% of the pool, the exchange operator takes
only 5% of the net winnings of your bet, so its not hard to see that you
get better odds. By eliminating the middleman and using internet
technology to facilitate processing, punters get the benefit of a much
better return (could be 19% better than starting price).
To date the Player to Player (P2P) phenomenon is most popular in the UK,
where betting exchange turnover has gone from nothing to an astonishing
50 million pounds per week ($7.5 billion Australian annually) in the
past two years. Now punters on Australian races and sporting events can
enjoy the same service as introduced by us at the TwoFlys Exchange at
www.TwoFlys.com. (http://www.TwoFlys.com.)
Operating from London, TwoFlys is legal for Australian punters to use
under the Australian Federal Government's Interactive Gambling Act which
does not apply to wagering on horse races or sporting events. You are
betting against other punters, so you are not betting with a bookmaker,
totalisator or a casino.
We are currently offering a free credit of $10,000 play-money for users
to trial our system during the Spring Racing Carnival and tell us what
you think. All you have to do is go to www.TwoFlys.com (http://www.TwoFlys.com) and register.
Regards,
Customer Service,
TwoFlys Betting Exchange
www.TwoFlys.com (http://www.TwoFlys.com)