I was thinking about this.

I don't care anymore about the bookies. Why would I? I do all my punting on betfair. I don't arb and I don't need to place bets at bookies and I can get the liabilities I need on at betfair.

But for arbers its a different story.

If it (minimum liabilities) does happen the result of it will mean lower odds offered by bookies in Australia or they will move offshore meaning less protection for Australian residents. If they move offshore then your basically gambling by just keeping any funds with them. But if you don't use them you will not be able to arb and even then the banning will just continue anyway.

Not that i'm in the league of some of you folk, but it seems like an absolute joke that you can't walk into your local TAB and place a bet over $50.

I've got mates who earn good money at the mines and bet over $50 a bet regularly and generally don't make money. Not to mention even a syndicate with mates i'm involved with bets $60 a week.

If they are going to start limiting themselves that heavily then surely the government has to step in. The problem is they probably don't want to be seen as encouraging a professional punting lifestyle or irresponsible gambling of betting above $50.

On the flip-side of this, does it not open up an opportunity for betfair to become highly profitable by taking these bigger punters onboard and/or a new player coming in on the scene that can navigate the larger bets and turn a profit? Maybe not but it seems like a pretty large chunk of the market may be getting cut out and if thats the case it may open up the door for someone more savvy to make a dime.

Also is this only limited to the NSW/VIC TAB at the moment? I haven't heard of it happening to anyone with tatts yet (SA)

There's another point, what drama do you think is going to be raised at the local TAB when a bloke is trying to get back his losses on the last couple of races and the bet is refused.
It's going to get very ugly for the agent.
I'm quite sure that the whole thing is going to end up like the old plunge stories, where a punter rings his mates to simultaneously put bets on a different tab locations to fly under the radar for a slice of the pie.

It also infuriates me that bonus offers are advertised all over the place in Vic and SA yet we are unable to legally use them.

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Honestly this was always going to happen, gone are the days when bookies were punters it is a business and as such they want to make money and it is thier choice who they sell too.

People just assume because it is Tab run it will be any different from another bookie, nope, as for getting losses back on the last few race, no problem here as long as they back on the tote,

As for betfair getting involved, if there is money on the opposing team they will gladly match anything put up other wise they will end up in the same boast as all the rest and we know the business itself has had issues in the past anyways.

Can the government sort this out, maybe, will they, can't see it happening as in the 2 hard basket for them.

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"If you need them , you will soon find out." --moeee
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Why don't the bookies just run a tote operation with a 5% takeout.
After all that's what they are effectively doing but with a bigger takeout and around a million dollars in staff, software, programming and monitoring.

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Strewth you're an honest lot.

CP I'm not sure only 90%, but running a totalizator is a state approved and granted monopoly in every corner of the world.
It's the proverbial license to print money.

Norfolk Island, Ireland, Malta would be exceptions.

__________________
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https://www.palmerbet.com/Racing

I would imagine they will be the same as the others,
But you may get on for a while before it happens.

Don't know anyone betting with them at the moment,
Won't hurt to have a look, but again I stress could,
Be the (same old) (same old) I use their site for the on course price fluctuations,
As they are more accurate.

EG.
MACKAY R3-2 Dodge the Grey.
Was $2.3-$3.0 on course price.

MACKAY R3-4 Benny's Halo
Was $5.0-$6.0 on course.

Check with R.I.S.A.
These S/P'S are correct.

Corporates who display on course prices.

T/Sport
Betstar
Unibet.
T/Waterhouse.etc.

These all had the same prices for these respective runners.
$2.3-$2.6
$5.0-$5.0.

Good luck with them.

Cheers.

What Gary said.