Betfair warns of exchange “race to the bottom”

Operator’s head of exchange pricing Rich Hayward says the sector must not make the same mistakes as poker

Betfair has issued a warning to its exchange rivals following the recent flurry of offers and lower commissions, suggesting the current “race to the bottom” is not sustainable for the sector. Betdaq recently cut its commission rate to 2%, while Matchbook is commission free on horse racing through the Cheltenham Festival and charges as little…

Betfair | Betting exchange | Strategy