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</o:shapelayout></xml><![endif]--></head><body lang=EN-AU link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='color:black'>The appalling lack of regulation of corporates is exemplified by MV race 2 and the late scratching of #5, around 6/1 throughout betting.<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>I backed the winner with 2 bookmakers; one (Neds) deducted 7.5% from the face value (10.5% of winnings), the other deducted 22% from the face value (29% of winnings). Sportsbet, who tend to be the fairest wrt deductions, deducted 12%. I've not named the cowboy because I'm not yet barred. <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>But governments are not interested in that, just in taxing punters - don't fall for the line that bookmakers pay the tax; only need to look at how much turnover tax is paid if no-one bets, whether with the TAB or bookmakers. <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></div></body></html>