Reality wins with Club set for ante-post betting
As our report on overseas betting on the Hong Kong International Races shows - with at least 15 operators handling ante-post business - there is a real appetite for these races out in the world at large and our column last week must have jolted a few memories down at Sports Road.
For, rather than seeing Jockey Club ante-post betting on the Internationals as a forlorn Catch-22 of integrity perception versus reality, the club is prepared to operate its own pre-post markets in 2008, we are told.
There was a view that the public might think it a bit rich for the club to control an event while acting as bookmaker on it, but apparently the newer and more realistic view is that such perception concerns over the club's marquee event are to be given the scant consideration they deserve.
Why on earth anyone would think the club would risk its reputation for integrity for the sake of a few million dollars one way or another on a pre-post market operation was anyone's guess.
So the likelihood is that the club will proceed in 2008 with an attempt to harness that demand and redirect any unregulated funds which might be heading out of the country for a wager in 2007.