Two bits of irony there pawras but yeah it's a waste of time doing the political thing..ffs can we not do politics here, but if wanna start all that about the nhs look no further than blair as the great instigator and their use of pfi.
Why have we still got bookies when we have the exchanges???it confuses me.
Many years ago i used a Hove based firm The TBA who where commission agents. Unlike these days they made no charge for this service because the Bookmakers paid them for the business. I know someone who currently works for a London based commission agents and they charge 3% > on stakes to place the cash in the shops. They have owners trainers and some big punters on there books but my mate who follows in with some of his own money reckons an all in annual 6% Roi is doing good. So you could say info worth having but certainly no pot of gold.If there is one in or near Brighton, then it will be that one!!
I don't use them nowadays, so have lost track.
Does it have to be a monopoly ?I think originally it was bets between individuals giving each other prices i.e. like the exchanges, then bookies appeared acting as middlemen.
I don't like monopolies of any kind, hence I would be a against a tote one.
Well obviously not.When you said , " All bets should be settled in this way. " it implied to me that you favour a tote monopoly
It is more or less so.To fully understand the position of the bookie you have to do a bit of doublethink,if not treblethink.On the surface the bookie lookes like a mediator between the outcome of a specific event(usually a sports event) and punters who want to bet on the outcome of that event.But organisers of sports event,be it a horse race or a footy match,have in no shape or form any inclination to give the event or its elements any kind of value expressed in terms of percentage odds.Hilariously the bookies do that bit.
The bookies take the event and want other third parties,the punters ,to bet on the outcome of that event.They express the event as percentage odds take it or leave it.So whilst they might appear as middle men(women)they are actually in complete control of their own profit margins,they act as go betweens but at the same time completely control events.Or another way of putting it is that they have their cake and eat it,.or put it yet another way,"they appear to be just a passive instrumental entity whilst in actaulity they completely control the situation"
Hi cosmic,It is more or less so.
But in these days it is possible to design a user-friendly platform doing tote.
And they would n't have to impose limitations. They could if they wanted to, but why ?