24th December 2011, 04:13 PM
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Member
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Join Date: Jan 1970
Posts: 4,430
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You know why there's no mystery?
Z is no better gambler than anyone.
Money makes money, and if you can get better than 10% TAB odds on hotpots from the TAB itself, it's probably the easiest gig in the world to make 1% to 5% POT just betting.
Say 2.5% of of $100, the average punter would keep trying to find some better returns.
2.5% of $100,000 would do any average punter for the day.
Couple that with he can easily arb on Betfair including commission on hotpots.
Whereas due to commission any arb opportunity is hardly worthwhile.
He had a big Keno win and he used it smartly, but there is no mystique over his betting prowess.
I think his tax would be more to do with capital gains and asset disposal or business dealings rather than his actual betting activities.
The difference between Z and us.....................money makes money.
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