Was asking what I thought about Tabcorp now that the demerger has taken place? To be honest the TAB is on the way to losing its superiority in the market in spite of the forecast of a 10% fully franked dividend. They now have to stand on their own two feet in a market where Racing is diminishing. Sport is on the increase but the margins are low. Sportingbet and Bet365 and Pointsbet dominate the market in OZ , Bluebet is taking a chunk and WATAB is still on its own. I suspect that as leases run out the TAB outlets will close down one by one until that cash cow disappears. So no I am not an investor in the TAB nor their new Lotto company which will have far inferior returns.
Today I am on Bathurst Race 3 3 I am Convincing and you can get money back to 4th on Pointsbet up to $50. It has been running well and only knows wet tracks.
Tonight if you want a pretty certain double your money plan you could do worse than Race 8 at Pakenham 5 Maui $3.10 and 4 Magnetisim $9 in a DUTCH for 43% out and $100 or more return at Best Of The Best with vicbet.com.
Cheers
