LAST week I asked whether imposing Minmum Betting Limits (MBL) on bookmakers, as is the case in New South Wales, would be workable in Britain and Ireland.

A lot has happened since pen was put to paper on that article, with a new firm called Black Type Bet launching last Wednesday with a promise to lay their horse racing odds to all-comers up to certain liabilities, although there was a proviso to that, with a “three strikes and you’re out” caveat to those using the firm to profit purely from arbitrage opportunities with exchanges.