TAB Bet Deposit Match?

[curious]

2 minutes ago, Chief Stipe said:

Competitive with what?  Peer to peer betting is just a Tote.

What? Tote betting is not peer to peer. Odds are not fixed and you don’t bet against other specific individuals — you bet into the overall market.

[Chief Stipe]

Just now, curious said:

What? Tote betting is not peer to peer. Odds are not fixed and you don’t bet against other specific individuals — you bet into the overall market.

Ok.  So the biggest issue is that Betfair operating out of Northern Territory offers the best odds decided by those playing in the market?  Do you want your mudders running around for kumaras?

[curious]

1 minute ago, Chief Stipe said:

Ok.  So the biggest issue is that Betfair operating out of Northern Territory offers the best odds decided by those playing in the market?  Do you want your mudders running around for kumaras?

It appears that is likely what will happen, helped along by this anti-competitive legislation, if stakes are dependent on betting revenue to any great extent. and it won't just be the mudders.

[curious]

The DIA themselves recognised this as a risk in considering the options in their RIS.

Even with a monopoly there will be people who choose to gamble outside of New Zealand via a VPN, or with less scrupulous offshore operators which continue to offer black market sports and racing betting to New Zealanders.

[Chief Stipe]

8 minutes ago, curious said:

It appears that is likely what will happen, helped along by this anti-competitive legislation, if stakes are dependent on betting revenue to any great extent. and it won't just be the mudders.

You reckon?  What odds are you offering?