Probably I'd better present a well overdue explanation about what my intention is in this thread.
The Fact Book tells us the annual Tote Exotics market is $4 Billion.
Not all of that is suitable for Betfair to easily take on - but $1 Billion is, and that's hardly something to sneeze at.
By now everyone here should be aware that the V'landys manifesto Exotics Rakes are obscene.
And no less obscene are the Exotics Kickbacks gifted to special oligarchs.
Now, it's hardly a stretch to assume there is ~$100 million of disgruntled Exotics Turnover just itching to find refuge elsewhere.
An amazing opportunity for Betfair to be that refuge.
All it has to do is to provide properly managed Exotics, and it has a huge win. As does that disgruntled money.
And V'landys manifesto is destroyed even further. Who, bar a breeding oligarch, would be unhappy with that outcome!
But, no, for 20 years now, Betfair prefers to mismanage Exotics - squandering a company-maker opportunity.