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</o:shapelayout></xml><![endif]--></head><body lang=EN-AU link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='color:black'>Mike,<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:black'>The writers "do a </span>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 "<span class=st><i>chief</i> </span><em><span style='font-family:"Calibri",sans-serif'>economics correspondent</span></em><em><span style='font-family:"Calibri",sans-serif;font-style:normal'>" </span></em><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:black'>How's this for a comment - if the writer had any credibility, or even a practical IQ above 50, you might feel offended:<o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='font-size:10.0pt;font-family:Roboto;color:#333732'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN style='font-size:10.0pt;font-family:Roboto;color:#333732'>"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!"<o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='font-size:10.0pt;font-family:Roboto;color:#333732'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN style='font-size:10.0pt;font-family:Roboto;color:#333732'>To the article:<o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='font-size:10.0pt;font-family:Roboto;color:#333732'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'>"..the point of consumption tax (POC) that the South Australian Govt. unilaterally introduced in July 2017 will be adopted nationwide". <o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'>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.<o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'>" They gained huge market share very quickly by drastically undercutting TABs on the odds they offered".<o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'>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?<o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='font-size:10.0pt;font-family:Roboto;color:#333732'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'>" punters, bookies, administrators and government all being able to share equally in its benefits".<o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'>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?<o:p></o:p></span></p><p class=MsoNormal><span lang=EN style='color:#333732'>*******************<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>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.<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:black'>LBL<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0cm 0cm 0cm'><p class=MsoNormal><b><span lang=EN-US style='mso-fareast-language:EN-AU'>From:</span></b><span lang=EN-US style='mso-fareast-language:EN-AU'> Racing <racing-bounces@ausrace.com> <b>On Behalf Of </b>mikemcbain@tpg.com.au<br><b>Sent:</b> Friday, 16 March 2018 12:04 PM<br><b>To:</b> racing@ausrace.com<br><b>Subject:</b> [AusRace] The Punters Tax<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Ausracers<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>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”.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>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.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>You may have to paste the following link directly into your browser to stop it defaulting to the latest News item?<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><a href="https://www.punters.com.au/news/the-punters-tax-which-threatens-to-ruin-the-great-game_166930/">https://www.punters.com.au/news/the-punters-tax-which-threatens-to-ruin-the-great-game_166930/</a><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I would be interested to hear the wise opinions of all Ausracers.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Mike.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>