WA TAB to stick with TABCorp pools

A few weeks ago TABCorp, who run the NSW and Victorian totalisators announced they were kicking the small fish out of the shared pools, namely WA, Tasmania and the ACT. Another part of the deal was also removing the sports betting arm as well which supplied prices to all state TABs throughout the land. Western Australia, the biggest state of that trio, has now renegotiated to stay in the pooled totalisator with Victoria (apparently it's too hard for them to link NSW and Victoria - anyone would think it's like the trains in the early 1900s, the tracks in one state were six inches further apart than the other, so you had to switch trains at the border to get from Sydney to Melbourne!). However it will come at a cost to WA racing.

Tabcorp agreement comes at a cost for WA racing

To be fair, that's not greed from TABCorp, just the simple reality that WA is a mass importer of racing product (far more bet on other states by WA residents than what is bet on WA racing by the rest of Australia), and times & product fees have changed.

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It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur

lay the field - my favourite racing strategy

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The Melbourne Cup preview 2022

A competitive edition of the Melbourne Cup without being a great one. The La Nina weather cycle has made a mess of sporting events down the east coast in recent weeks and Flemington has not escaped that. It did race very well on Saturday considering the conditions, so fingers crossed that continues. At this stage it seems like the track will be Soft 7/Heavy 8 - rain is forecast, hopefully not enough for the track to deteriorate but also not warm or windy enough for proper drying weather as you'd normally see on the sand profile track. There are only two international visitors in the field, Deauville Legend and Without A Fight, while another pair, Camorra and Hoo Ya Mal, will make their local debuts having been purchased for Australian syndicates. So the local moaners get their 'mostly locals' race. I think I'd prefer higher class myself but hey... Slightly different format this year, enjoy reading, bet responsibly, yada yada yada... ------------------------------------

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