Adding to yesterdays report, I see that Beteasy and Sportsbet are to merge and trade under the Sportsbet name and with Classicbet, MadBookie and Topbetta merging into Playup, the options for the Pro and semi pro punter are diminishing. I think you can work it out.
In the meantime we have a large number of Members whose subs run out this month, mainly because it is so close to the Cups. Time to resubscribe so you dont go to log in and find your access is gone. Most days we can get you up and running in a couple of hours BUT not always. If those involved could update as soon as possible we process all subs overnight.
Today I read a report from Ord Minnett who have delved deeply into betting markets since the new point of sale taxes have applied and there is a continuing downwards trend in what the punter receives with the market average now reaching 121.75% so in theory, for every dollar bet the punter loses the 21.75% . When you consider that the tote market itself , due to rounding down of TAB dividends, it sits at 118%. The TAB’s fixed odds betting is obviously going to be at the higher end if possible.
The report suggests that punters still bet on the FOMO principle i.e. the fear of missing out so will therefore take what price is offered. For the mug punter that is true.
The end analysis suggested that the TAB would continue to see turnover fall and so instead of the $4.80 or so it is today, might be down to $4.10 in a year’s time. And that’s regardless of whether or not they are successful in their bid to buy the WATAB.
The main reason for the fall in turnover is of course, the fact that punters in general are losing more so have less money to turn over so less less taxes and less profit. The wheel turns.
For your interest here are the results for Tuesdays HR2D Top Two selections. You can easily see why we prefer dry tracks.
|>>> Totals >>>||46||9||20||4600||6190||1590||20||34.6|