Always back the horse named self-interest, son. It'll be the only one trying
Some recent carry on by heavyweight corporate bookmaker Sportsbet are a reminder to punters that you can’t put blind trust in your bookie, and that you always need to know the rules of the market that you are betting into to. The travails of a reader of ours who we will call Percy Punter to […]
Luke Anderson was a stable hand aged in his early 20’s. He’d been one since he was 17. Working in and around racing probably wasn’t the wisest choice of career for the bloke. You see Anderson was a gambling addict. A pulsie (as in compulsive gambler); a punt junkie; a desperate; a broker. He used […]
Getting a long odds-on favorite beaten at Albion Park is easy. You don’t have to dope it, or tinker with the gear, or even pull it up. All you have to do is park it in the death. Outside of the leader without any cover. That will do it almost every time. Darrin went out […]
The battle for PointsBet has heated up over the past week, with offers and counter-offers flying left, right and centre. Japanese raider MIXI is offering $1.25 a share in PointsBet, paid in cash. Betr is offering the equivalent of somewhere between $1.30 and $1.40 (depending on the measure used), all of it paid in Betr […]
Story by The Guardian Australia A man who “binge gambled” $40,000 in an 11-hour session was awarded VIP status by the bookmaker BlueBet (now part of Betr) and assigned a dedicated personal manager who encouraged him to keep betting and took a cut of his losses. A regulator has found it wasn’t until the man […]
Whispers out of Tasmania are that a 4th Steward is soon to be stood down as Tasracing investigators probe their use of a TAB account and examine the bets they have made on it. This will be the latest in a spate of allegations of betting that have been made against Stewards in different States […]
Story by guest columnist The Broker From the sidelines, it’s hard not to notice the explosion of bookmaker brands in the Australian market. By a rough count, there are now well over 130 licensed operators – a bewildering mix of corporates, boutique start-ups, and rebadged clones. On the surface, this might look like healthy competition. In […]
Story by guest columnist The Broker Racing’s Broken Model: Why VBA, ABA, NT and NSW Bookmakers Are Draining Industry Funds The backflip by Harness Racing SA (HRSA) on its $2,000 annual levy for bookmakers may have seemed like a small win for wagering operators. In truth, it exposed a much bigger flaw in Australian racing: […]
Story by guest columnist The Broker Ever wondered why so many corporate bookmakers hold so many multiple licences? It’s all about reducing their tax, specifically in Queensland their race field information fees. How do they do it? Split their bets to stay under the threshold. Like this. Operator Turnover Thresholds – Queensland Race Fields (2025–2027) […]
By Mark Geenty ANALYSIS: Some cash-strapped national sporting organisations (NSOs) are in line for a funding boost as Sport New Zealand decides how to distribute a $20 million windfall from the newly-passed Racing Industry Amendment Bill. The big question is: how fairly will it be dished out, and will sporting codes who receive very little in […]
