Niall O’Connor republishes the speech of a British Lord on FOBTs (the betting machines that you now find in the 10,000 British betting shops) and virtual horse races (which bookmakers propose betting on). I will leave it to you to read the full text, if you are interested. The thoughts below pertain to the prediction exchanges (betting exchanges), which is more of our interest at Midas Oracle.
#1. BetFair‘s Mystery Bet is such an attempt to morph betting into gambling. They are working on the second version of this product.
#2. If the casinos and bookmakers make money proposing imaginary horse races to bet on, you can be sure that the prediction exchanges (betting exchanges) will propose the same kind of product, one day. It’s just a question of time. I don’t see any at BetFair Games (run from Malta, E.U.). You can bet on it.
