[AusRace] Dr.Nick

[L.B.Loveday]

Those " other “pros” whinging about finding it hard" are whinging in the main against the POC tax, imo the most immoral tax since the BAD and FID(dle) taxes, maybe worse, and the increase in "product fees" by the race clubs. But bookmakers are also, rightly, "whinging" about these impositions. 

 

The challenger to Hanson-Young as the dumbest politician in Australia, Turbo Tom Koutsantonis (60 speeding offences, $10,000 in fines, appointed Road Safety Minister! when he still had overdue fines unpaid), justified the introduction of the POC tax by claiming bookmakers don't pay enough tax, and his sickening "innovation" was shortly followed by other states. Bookmakers pay a myriad of taxes, and employ thousands of people who pay income tax (effectively paid by the bookmakers as PAYG deductions - if they were not employed, that tax would not be paid). To say, as Turbo did, that bookmakers pay the POC, not punters, is as ludicrous as saying Coles, not customers, pay GST on their purchases; but the truth would be beyond his comprehension.

 

I read that B365 made no profit on its Australian race operations last year, but they certainly generated a good inflow to the government coffers to be wasted on "woke" activities. Others are, I hear, also doing it hard - look at the recent demises and takeovers/amalgamations. TopSport highlights the loss of racing turnover to sports betting as a natural consequence of the tax and other money grabs from racing punters.

 

Unless bookmakers can make a profit, they will not stay in business and greedy, ignorant governments as well as the race club top management will get their just deserts, most of their employees will likely be on the dole or making less money & hence paying less tax - income tax obviously, but also GST and some of the 101 other taxes levied by governments at all levels to fund waste, because of having less money to spend.

 

Irvine was right to lead the fight for MBL, and I thank him from the bottom of my thin wallet for that, and he's right to "whinge" about the POC and "product fees". 

 

LBL

 

From: Racing On Behalf Of Greg Conroy
Sent: Sunday, 15 December 2019 5:54 AM
To: AusRace Racing Discussion List <racing at ausrace.com>
Subject: Re: [AusRace] Dr.Nick

 

A couple of things. 

 

1.	I know someone that works (well did until 2pm last Wednesday) for Dr Nick. 
2.	The issue is that he simply can’t “get on” to cover his outlays [100 staff costs ~ $100K a day] and there’s much more profit to be made O/S, specifically South Korea and UK for him.

For those other “pros” whinging about finding it hard:

 

1.	You have it wrong IMO - targeting the wrong areas.

My service has delivered between 234 units and 363 units (and up to 466 units) of PROFIT in the last 30 days alone across 1019 tips.

 

And I’ve tipped over 8,000 races now - so my results stack up statistically.

 

www.holygrail.club <http://www.holygrail.club> 

 



On 14 Dec 2019, 12:27 PM +1100, L.B.Loveday <lloveday at ozemail.com.au <mailto:lloveday at ozemail.com.au> >, wrote:



Nick - that may be taken as if the "really big punter" is Irvine; not to whom I referred.

 

From: Racing On Behalf Of L.B.Loveday
Sent: Saturday, 14 December 2019 11:41 AM
To: 'AusRace Racing Discussion List' <racing at ausrace.com <mailto:racing at ausrace.com> >
Subject: Re: [AusRace] Dr.Nick

 

Decimated profit. And Dr Nick is not the only really big punter who has put his cue in the rack this year.

 

Richard Irvine pretty well led the charge to get MBL, which at least lets everyone bet, for now.

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