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Tim Ryan Gaming Guru - Page 2  Editorial: Short Changed5 November 2002
Targeting just the layers is a lose-lose for the betting exchanges, the BHB and the Levy Board, but a big win for the bookies.
With the announcement of the terms of the 42nd Levy Scheme to apply from April 1, 2003, it would appear that the bookies have "won" the philosophical debate, viz. the ... (read more)
Editorial: Smoke and Mirrors - the Betting Exchange Shell Game4 October 2002
Three weeks ago I wrote in IGN about the flaws in the bet exchange business model. Now it's time to look at how the exchanges are wallpapering over the gaps, how they have everyone fooled and why it's a very good business if you can get away with it.
A fortnight ago came news that sports betting software ... (read more)
Editorial: Smoke and Mirrors - the Betting Exchange Shell Game (Page 2)4 October 2002
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Table 2: Betfair, Yarmouth Race 1, 18/9/02 - A Heavily Backed Winning Odds-On Favorite
Betfair
Matched
Trades
Betfair
Avg. Odds (decimal)
Betfair
Backers' Stakes
Betfair
Layers' Liabilities
Total
Escrowed Stakes or Real Turnover
Max.
"Net Winnings" (if Winner)
Maximum
Gross Wagering Margin
Betfair
Commission @3.5% of Max. ... (read more)
Editorial: Smoke and Mirrors - the Betting Exchange Shell Game (Page 3)4 October 2002
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Turnover
The consistent number coming out of bookmakers is that their turnover is up about 40 percent due to the effect of betting duty reforms. (William Hill's turnover for the half year was up 48.3 percent to £1.12 billion and gross win was up by 1.3 percent to 17.5 percent, or £198.2 million. ... (read more)
Editorial: Bet Unfair - Flaws in the Betting Exchange Business11 September 2002
There has been a lot of debate in the United Kingdom in recent weeks over betting exchanges. All manners of (reasonable and unreasonable) arguments have been given a good airing, if not in articles and interviews then in letters to editor of the Racing Post.
The humorous thing at the moment is that U,K. ... (read more)
And the Real Reason for Yahoo's Decision?20 July 2002
"Yahoo!" cried the regulator, when passed the news that Yahoo! was dropping interactive gambling advertising. Actually, he was somewhat more restrained: "Good news for us regulators... might make our lives a little easier."
Why easier? Because they would be able to stop chasing down at least one ... (read more)
Editorial: Victoria Has the Right Ideas for Bookmaking Reforms21 March 2002
Last week Victorian Racing Minister Rob Hulls announced both the release of Bookmaking Reforms Working Party's final report and the government's acceptance of its six recommendations.
The Working Party released a discussion paper last November addressing a number of issues and canvassing support or opposition of a number of options on each. ... (read more)
Editorial: Family Feud Down Under7 March 2002
So much for the Australian "Good Neighbor" policy. The simmering family feud between the states and territories in Australia has denigrated into public name-calling and threats of draconian sanctions. Realistically, all-out war is not far off.
The New South Wales Minister for Racing and Gaming, Hon. ... (read more)
The Way Ahead21 January 2002
How will new technology ultimately effect the racing industry? Tim Ryan, a member of the Australian Registered Bookmakers Advisory Council, says the industry can both maximize the opportunity and minimize the threat.
Click here to view Ryan's presentation, "The Way Ahead."... (read more)
Opinion - Interactive Gambling Act 200112 July 2001
The following opinion article--a summary of where Australia's Interactive Gambling Bill ended up--was written and submitted to Interactive Gaming News by Tim Ryan, a NSW-licensed bookmaker and a member of the Australian Registered Bookmakers Advisory Council's Internet Betting Committee. Drawing from his ... (read more)
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