When you think about it, just shows how tab / racing has been run so badly.
You have no competition, apart from on line operators, that have only really appeared to be a challenge last few years.
Before that, you have monopoly, still using jetbet system from 80S, and get a huge % of every dollar spent at tab, some take outs huge on different bet types? Yet, you make no money? I suppose the only reason they like fixed odds, gives them chance to bet elsewhere to recover loses.
Obviously run down for years