Horse racing and online betting websites have caused a lot of debate here in Australia over the past decade. I have no doubt that the online betting convenience for any punter has been a boon. Not to mention a boon for all the shareholders of these online betting businesses too. It seems to have been a win-win situation for both the punters and the bookies.
These online betting websites also have the convenience of not having high overheads as they would have to incur if they had to have a storefront location in a capital city like the TAB agencies need.
These online betting websites simply need a high speed internet connection, some “tech savvy” technicians available and some good book keepers. An understanding bank manager would help too from time to time, no doubt. Betting being what it is, up one day and down the next. Favourites don’t always lose!
One horse racing and online betting website was located in one of the most unlikely places you would ever expect (well at least many Australians didn’t expect) and that was in the centre of Australia at Alice Springs. This particular betting website was going ‘great guns’ until it got cyber attacked by a consortium of thieves in one of the recently liberated Eastern Countries. And then they had to fight Australias biggest communication provider who was unable to beat off the attack, according to a Four Corners report, whether they tried very hard or not is apparently questionable.
Alice Springs is a very remote location with a small population and there are not a huge number of internet users in the region. It basically came down to expenses and ROI. The outcome for this particular operation was that they were put out of business. Very bad for the Owner and also very bad for the town of Alice Springs.
These are the types of industries that will open up Australia and get population out of the cities to populate Australias decreasing and dying regional towns. But when you are a big company more interested in serving shareholders rather than a country’s development, I guess ROI takes precedence. Needless to say, that particular communication company lost a lot of Australian’s respect and it has to be noted that their share price never seems to rise much above what it originally listed at on the Australian Stock Exchange (ASX).
The online betting convenience for punters has to be a benefit because now anyone who has access to the internet, can place a bet online where they are likely to get better odds and are no longer confined to being subjected to what the local illegal SP bookie was /is offering. Starting Price (SP) bookmaking is illegal in Australia but up until the Government accredited TAB shops and online betting shops became readily available, they were the only options available for people wishing to bet on a horse race.
Horse racing tracks are a fun way to spend a happy Saturday Afternoon but you could need a betting system to make them profitable http://www.horseracingtracks.net and a system that you can actually use!
