You cant be serious or you nothing about running a book or both.
Heres an interesting snippet from offshore re percentages which you contradict with your bizarre statement above
PERCENTAGES DO MATTER
With the increase in taxes bookies just aren’t offering anywhere near the value we, as punters were able to secure 12 months ago.
Tristan gave me an indication of what affect the taxes have had on the TopSport prices.
When the Melbourne Cup field jumped this year, his market was 119% compared to last year when it was 116.4%.
The 2019 Caulfield Cup was at 120.1% compared to 115.4% and the Victoria Derby 120.3% compared to 115.2% in 2018.
With no Winx the Cox Plate was a massive 124% against 110.2% in the last year of the great mares four-peat.
Some will say who cares, the punters will take whatever they are offered.
But the reality is no they won’t and many of the serious players won’t take the price as it’s not value against what they have a specific horse rated at, so they turn their back on the race, and in the case of Dr Nick they turn their back on Australian racing.
The rise in percentages is a direct result of the increased taxes on bookmakers and as we’ve seen in the case of Dr Nick there is in fact a breaking point at which punters will accept and when they won’t.
Now before those who feel this is a case of feeling sorry for the bookies jump all over me, I can assure you I’m not, I’m actually concerned for the punters and the overall health of the Australian racing industry.
Greg