15th April 2012, 12:04 PM
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Member
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Join Date: Jan 1970
Posts: 4,437
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Of course we have to wait and see what the response is from Betfair, but surely when the model is commission on profit on a race from one half of the transaction, a turnover tax can't be sustainable.
If Betfair pass on the tax, which they have to to be profitable, then after doing the sums in my situation, it's impossible for me to make a profit on Australian racing, traders, market makers and multiple backers and layers in the same race.
1.5% turnover tax equates to almost double commission.
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