Totally Irrelevant, it is Out The Gate punting an unrestricted amount of money at full odds with no slashing of odds, for a group, not individuals!
if it is 300 people punting at the same time then the odds would be slashed accordingly.
It is about the liability to the TAB for each bet and it is just a continuation of how the TAB treats some very loyal punters poorly, whereas others get favouritism!
This policy of treating punters differently has gone on for a long time but does not make it right, and if you knew the full story then you would understand more!
Brodie, if the syndicate has 300 members and the bet is $1000, that is, roughly a $3 bet per person (I know different people have different stakes).
This isn't one person having a big bet, this is 100s of people, collectively having a little bet in unison.