Some of the worlds biggest punters are Australian and one of them David Walsh owns the MONA museum in Hobart Tasmania. He and Zeljko Renogavic made their cash by turning over huge amounts of money on Australian and overseas totes and didn’t even have to win to make a profit. This is because massive rebates of up to double digit figures ensured that they made a profit. This all came tumbling down when Tasmania Tote was sold. Turned out that they were making massive turnover without any real profit.
Soon there will be w world wide Golbaltote to operate around the world and Zeljko has agreed to be part of it as have Ladbrokes and it is thought Crown. It may takeoff slowly but with Ladbrokes putting all of their turnover into it and paying out on those prices instead of best Australian Tote or SP the the Australian betting market will change overnight.
The global tote is the brainchild of Australian company Topbetta and their shares have moved upwards on news of the new plan. Stay tuned for more info.
A reminder that our Gold Club runners will be at Canberra today trying their hearts out. All are well placed.