Roll With Joe
+ Reply to Thread
Results 1 to 3 of 3

Thread: TAB daylight robbery

  1. #1
    Super Moderator Stallion Messenger will become famous soon enough Messenger's Avatar
    Real Name
    Kevin O'Donoghue
    Location
    The Gap
    Occupation
    Retired
    Posts
    14,029
    Horses
    A long, long time ago

    TAB daylight robbery

    I am not much of a punter.
    I always thought the commission deduction on bets was 14.5%

    What alerted me to the fact that it is not so was the 3 longshots getting up in R2 at Wedderburn today so I thought I would have a look at how much jackpotted

    Imagine my shock when I did the maths on the pool v the jackpot to find out that the difference was 22.5%

    So I thought I had better investigate to see if this could be correct

    It sure is! Only Win bets gets a 14.5% deduction
    Most of the exotics take out 20% with First Four worse at 22.5%

    Here is the link but you have to scroll to the very end Appendix A for of course they do not put this sort of info front and centre

    https://help.tab.com.au/s/article/VI...g-Rules-Racing

    I have made a snip but I don't know whether it will be clear enough

    I know most of you will know all this but for those of you who have been living in La La Land like me
    Attached Images
    per un PUGNO di DOLLARI

  2. #2
    Super Moderator Stallion Messenger will become famous soon enough Messenger's Avatar
    Real Name
    Kevin O'Donoghue
    Location
    The Gap
    Occupation
    Retired
    Posts
    14,029
    Horses
    A long, long time ago
    More evidence that we seem to have a serious gambling problem in Australia

    The Age today reports that from a sample of 13,000 people that dipped into their super nest egg during the covid-19 crisis, they spent on average nearly $3,000 more than usual in the fortnight after receiving the lump sum
    Of the extra $2,855 they spent on average $327 was on Gambling, only second to debt repayments ($393) and more than groceries ($320).
    This is from people supposedly desperate and needing to access their super early
    Admittedly this is 'extra' spending and they may have spent far more on debt and groceries in their 'usual' spending
    But $163 a week on gambling (probably considerably more if some of their usual spending goes towards gambling)
    This is at a time when there is no casino or pokies open and no football to bet on

    I hope they are getting 'entertainment value' from this gambling (at home) as we all know that the TAB takeout from this expenditure is up to 20% so even if an average winner at least $33 a week is a donation (far more we know as the Pro punters live off the tiddlers who therefore rarely achieve average)
    Of course some would have gambled zero while others hundreds (this is where the problem lies)
    Lotto is probably included as gambling

    thetrots.com.au Goodform suggested bets totalled $500 on Saturday
    Gamble responsibly
    per un PUGNO di DOLLARI

  3. #3
    Super Moderator Stallion Messenger will become famous soon enough Messenger's Avatar
    Real Name
    Kevin O'Donoghue
    Location
    The Gap
    Occupation
    Retired
    Posts
    14,029
    Horses
    A long, long time ago
    The early Quaddie at Cranbourne has jackpotted, no winners - $8k carryover after $2k pocketed by TAB from $10k pool
    Will take another 20% of the $8k when it is added to tomorrow's early Quaddie?
    per un PUGNO di DOLLARI

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts