Intersting reports I found in the Israeli newpaer and Gad Lior, Here is my translation
Israelis will soon be well placed to enter a lotto station, fill in a horse racing gambling form, watch the race on a huge screen and maybe even make a nice profit as long as they bet on the right pony of the next race.
The Knesset?s Finance Council has granted the Israeli Commission for Sports Betting a permit for gambling on horse races taking place abroad. In the 1st stage, the Commission has received an approval to contact a foreign operator to operate a gambling program for pony races abroad.
Europe has one or two horse racing betting operators ? in France, Sweden, Britain and other states. Gamblers can bet at local stands, on their personal computers thru the operator?s website or on the phone.
The list of races, which are held every minute or 2, is released on the operators ? website and in its outlets, where the race can be watched on huge screens. Gamblers can collect the prize money immediately after the race.
One of the operators the Israeli Commission has approached is French firm PMU, which has been active since 1931, has 11,000 outlets in France, a betting web site and a betting telefone service.
The company, which is active in many nations, offers a wide selection of pony races occurring in France, Japan, the United States and Australia. France?s horse racing gambling industry generates some 9 bn. (about $12.5 bn.) a year.
After the Commission signs an agreement with the foreign operator, it will have to interpret the races, set up gambling outlets and adjust its web site and payment arrangements. According to estimates, Israelis will be able to start betting on pony races within one year.
The minimum bet amount is expected to stand at NIS 10 (2, $2.85), like the global cost. Gamblers may win as much as tens of thousands of Euro Bucks for one single bet.
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