[AusRace] The Punters Tax

[L.B.Loveday]

Mike,

 

The writers "do a Alberici" by confusing revenue and profit, but I
understand their figures, and they are not paid $225-300k of taxpayers hard
earned money as "your" (as in it ain't my) ABC's  "chief economics
correspondent" 

 

How's this for a comment - if the writer had any credibility, or even a
practical IQ above 50, you might feel offended:

 

"Anyone who bets with a "bookie" or at a casino, where the operators make
the rules to endure [sic] they reap all the benefits and eliminate the risk,
needs to see a psychiatrist!"

 

To the article:

 

"..the point of consumption tax (POC) that the South Australian Govt.
unilaterally introduced in July 2017 will be adopted nationwide". 

 

I changed my address to QLD to help the bookies out, but looks like it won't
be for long. The dropkick responsible for the SA grab was Treasurer Turbo
Tom (so named because he clocked up 58 traffic offenses in just a few
years), so dumb and immoral that he used to cheat in math tests at school.
Fair dinkum, Hanson-Young has more credentials to be Treasurer, after all
she was a bank teller for a while). He made no coherent case for the tax.

 

" They gained huge market share very quickly by drastically undercutting
TABs on the odds they offered".

 

So how did TAB respond? Increased their commissions on exotics by 20-30 %
(except on duets) and gave even bigger rebates. Why didn't they give rebates
to on-course punters instead to encourage race-course attendance?

 

" punters, bookies, administrators and government all being able to share
equally in its benefits".

 

I don't think Lux went out of business to let others have their share, and I
doubt WH is up for sale because they are making too much money. And how are
TAB punters going with the massively increased commission taken from their
winnings?

*******************

Having demonstrated how to make money from SB, I'll post tomorrow and
following days a list of suggested win bets on BetZero (only applicable if
you are still able to receive the "Official Price Guarantee" - is anyone?).
But compared to the SB "place system", which seldom goes a whole week
without turning a profit, betting win is a rockier ride.

 

LBL

 

 

From: Racing <racing-bounces at ausrace.com <mailto:racing-bounces at ausrace.com>
> On Behalf Of mikemcbain at tpg.com.au <mailto:mikemcbain at tpg.com.au> 
Sent: Friday, 16 March 2018 12:04 PM
To: racing at ausrace.com <mailto:racing at ausrace.com> 
Subject: [AusRace] The Punters Tax

 

Ausracers

 

There is a surprising  lack of opposition to these moves from bureaucrats
and politicians egged on by the "fun police" and the "anti-pokies mob".

 

I do not believe the bureaucrats and politicians have either the skill or
the will to manage something like this without doing irreparable damage to
the racing industry.

 

You may have to paste the following link directly into your browser to stop
it defaulting to the latest News item?

 

https://www.punters.com.au/news/the-punters-tax-which-threatens-to-ruin-the-
great-game_166930/

 

I would be interested to hear the wise opinions of all Ausracers.

 

Mike.

 

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