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Punt to Win |
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14/11/2003 edition Will Punters Be Rewarded? In Australia the consitution guarantees freedom of trade between states. That includes betting interstate. Any change that restricts the betting options available to punters or results in worse odds being available to punters is not a reward for punters. It would be interesting to know whether the AFL claims to have lost ownership of its football product because of interstate and overseas betting? Is it concerned that millions of dollars have leaked interstate or overseas? How much does the Victorian TAB give the AFL for betting on its product? 10%? 5%? Nothing? Rod Nicholson was also very supportive in the article of the proposed tote mergers. He pointed out that: The proposed merger between Victoria's TabCorp and TAB Ltd., which operates the New South Wales tote, will "provide an advantage to punters" and then said that the pools will double and the same odds will be available in both states. Assuming the merger goes ahead, how is a near TAB monopoly a benefit to punters? A merger will most likely cost punters money, because it stops punters from shopping around for the best odds. The numerous betting offers guaranteeing to match or better the best tote offers will have just one tote price for New South Wales and Victoria instead of two. Getting worse tote odds cannot be a "reward" for to punters. The only benefit to punters is if the percentage take from the bigger tote pools is reduced by the new merged totes. With reduced competition will the percentage take be reduced? The real problem that Racing has to face is that by itself the product is not really entertaining. It requires betting in order to survive and generate interest in the racing. Take away the betting from racing and who would be interested, unlike other sports and forms of entertainment that Racing compares itself with, in order to justify its increasingly high admission prices to feature meetings like the Cox Plate, Caulfield Cup and Melbourne Cup. This edition of Punt to Win: Back Tote Longshots?
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