Hi TheDuck,

Yes I have seen that site (and there are quite a few others) - it seems to be a "big thing" in England/Europe at the moment. Basically it allows you to play the part of either the punter or the bookie by either placing bets or accepting bets on racing or sporting events.

So far there aren't any similar sites in Australia yet (as far as I know) so I haven't spent a lot of time analysing the possibilities yet. A few immediate possibilities spring to mind:

1. For horse racing there are often short priced favourites that in my opinion are way under their true value - you could make a lot of money by taking bets on these horses if you can identify the true "unders".
2. I had a look at the odds for English Premier league on one of these sites and compared to DAS prices - there were several teams where you could have made money by accepting bets on the exchange site and laying them off with DAS - guaranteed profit of about 20% BUT the bets don't pay until next year so you have the problem of exchange rate fluctuations in the meantime (since you are betting in UK Pounds on one site and Aussie Dollars on DAS). It could be worth looking for variations in short term propositions which allow you to do the same thing or to back both teams in an event (eg. backing one on a sports exchange and the other with a bookie).

Of course there are the obvious advantages of just having another betting option to compare prices, etc. The one thing I think you have to watch is what commission the site takes from each bet.

__________________
"Computers can do that????" - Homer Simpson