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It is difficult for a pool betting operation to compete with fixed-odds bookmakers.
Or is it likely that the fixed-odds pools will be able to absorb a tax of this nature and still carry on in business?
The most popular feature, of course, is picking out certain matches which the punter on a fixed-odds coupon favours on form, and so forth.
In this country, it has to compete against the privately owned fixed-odds betting industry.
The extension of this concept to fixed-odds betting by means of a levy on bookmakers presented considerable difficulties, both of principle and practice.
It was set up to provide an alternative to fixed-odds betting, and to provide a source of income to the sport of racing.
The only similarity between the normal football coupon and the fixed-odds coupon is in the draws.
Why should they co-operate if they are likely to be knocked out of business in fixed-odds betting?
With a stroke of the pen fixed-odds betting vanished; it has gone.
I fully accept that pool betting is distinct from fixed-odds betting, but their regulatory needs are not dissimilar.
Another variation of the difference between the two coupons is that the fixed-odds coupon goes out to collectors and is returned to the original bookmaker.
I am informed that about 2,000 operators of these different fixed-odds coupons are in being at the moment.
When we turn to fixed-odds betting, it is quite a different gamble.
I have supported the idea of privatisation, but wanted to privatise only that part which acts as a fixed-odds bookmaker.
The split between the pool and fixed-odds betting is roughly 20:80.
