Today's article on the Press Association wire highlights how desperate they are for cash as their levy shrinks.... Levy Board to consult over exchanges The Levy Board has begun a consultation process relating to the issue of whether certain users of betting exchanges should pay levy on their activities. While this sounds logical enough, it's completely pointless. This has been examined over and over. Anyone that tries exclusively laying on Betfair won't be living off it. Bookmakers can't do it on-course with higher margins, so how is someone at home going to do it when the prices are always better? Sure, you can lay something they mightn't be able to lay on course, but when you have to lay 5/2 rather than 7/4, that's hardly going to be profitable in the long run. The two types of Betfair customer who do make money on racing are the new types - ones which aren't taking anything away from traditional betting revenue streams, because they simply weren't the...
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