Assuming 95% of punters lose
Assuming the TAB / Bookie takeout is 15%

Lat's take a person who's got plenty of money and takes 10K to the races each week, or to the TAB, or wherever. That's $500k turnover p/a, with a return of $425k (85% of his $500k). Yeah ..... really?

There's a lot of punters who contribute much, much more than the 15% takeout week in week out, and even tho' the figures show an 85% return it just doesn't tell the true story, does it. There's an abundance of money out there for the smarties to help themselves to, and I believe they do, and it's these punters who help balance the books to 85%.