Betfair to set own racing start price
Internet betting exchange Betfair is about to embark on a new initiative that will see it offering its own starting prices to the gambling public, according to an article in The Guardian. The company is believed to be on the verge of allowing punters to place bets which will be settled at a new “Betfair starting price” - the price of a horse at the moment a race begins.
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Interesting gambling information:
- Casino is defined by the Webster's New World Dictionary as the following: a small country house, or a building or room used for meetings, or public amusements, gaming, or a game at cards.
- During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
- In 1978, New Jersey became the second state to legalize casino gambling in an attempt to revitalize the rundown resort area of Atlantic City. The legalization was restricted only to Atlantic City.
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
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