ROUNDIING DOWN OF TAB DIVIDENDS. WHEN DID IT START?
In 1988 the then Sports Minister Michael Cleary under the pretext of saving operators in TAB outlets looking for change, rounded down all TAB dividends to the nearest ten cents BELOW the calculated dividend.
In one stroke it made place betting a losing proposition by scraping an average 5 cents off the previous Legal dividend.
Of course guess who got he extra money?? You’re right, the State Government. Of course the Corporates get most of this cash now as they payout based on the tote prices.
The only ones GUARANTEED NOT TO GET IT IS YOU THE PUNTER.
Cant split the top three here. If one of them wins you win
3:50 Scone Race 6 1300m E&G BM58 HCP Cval -13.5 $22000
No Form Horse BP Hcap WF Wodds AS Jockey
5 4x569X71 Heredero 6 59.5 1 4.2 5G GBuckley
9 -6450X13 Two Ducks Artie 9 59.0 2 4.2 7G CReith
8 13X71603 Mathematics 5 59.0 3 4.2 4G GRyan