I cannot believe that I'm the only one who's published anything about this bombshell.

For a 5% rake with NO round-downs the market should be 100/95 = 105.26%.

However after manually calculating Warwick Farm 1 yesterday the market comes out to 109.10%!

To note the impact of round-downs I added 5 cents to each dividend.

That market is 107.05%!!!!

What has happened!

AusTOTE no longer seem to publish markets any more which suggests they have now hiked the rate above 5% and forgot to tell anyone!

And they also forgot to mention that their claims about 43% best prices and 19% better return are unlikely to now apply.

I urge everyone to independently check my calculations then decide if there isn't better value elsewhere.