Betfair puts its money on online horse racing gambling in the U.S.

Betfair is wagering that the U.S. will see a surge in online gambling on horse races. The British firm is backing up that belief by expanding in Silicon Valley and refashioning its web property here as more of a gambler’s social network. If it’s right, it could see a pretty payday. The opportunity is ripe in part because of the quirks of U.S. laws governing gambling. Poker is having its day in the sun, thanks to a huge revival in recent years. But betting on online poker with real money bec

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