Skip to main content

NSW TAB to be allowed to catch up with the rest of the world... at least in some areas

The 'independent review of wagering policy and regulation' (are these things ever genuinely independent anymore?), the Cameron Report, made many recommendations for changes to the NSW wagering industry and policy. The NSW govt has taken its time, but has finally come back with some changes which might actually be a positive move for the punting public.

Cameron Report - Fixed-odds breakthrough for NSW

Recommendations adopted include:

• pursuing a national co-ordinated approach to the regulation and taxation of wagering;

• allowing the NSW TAB to offer fixed odds betting on all races through its account betting network on the phone and internet;

• after further consultation and support of the industry, NSW bookmakers will be permitted to accept bets at racecourses using the internet or telephone on a 24/7 basis, as in Victoria;

• not permitting betting on reality TV shows, economic events and the like;

• prohibiting off-course retail bookmaking kiosks; and

• giving in-principle support for NSWTAB to pool with other Australian totalizators.



Still a bit misguided. Allowing the TAB to offer fixed-odds markets on all races will move turnover from pool betting (of which the industry gets a guaranteed share) to fixed-odds (which the TAB only pays a percentage to the industry on net profit). Not betting on reality TV and economic markets misses out on a big area of growth - times have changed, it's not just racing and footy anymore.

At least they might finally move forward on co-pooling with Victoria after years of stalemate. If not on the win & place pools where some punters prefer variation rather than pool strength, at least on the exotics, to ensure big pools.

UPDATE - The bookies aren't happy and Peter V'Landys chips in to show, yet again, that he doesn't have a bloody clue...

Bookies still unhappy despite reforms

Comments

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Henry VIII Novices’ Chase

It's not just about the Tingle Creek tomorrow at Sandown, there's a Grade 1 Novice Chase amongst the rather decent supporting card. Lining up for the preview is astute NH enthusiast Sam Tribe, @samtribe87.

---------------------

Racing Post Henry VIII Novices’ Chase
Grade 1 Chase, 2 Miles
Sandown 13:50
Likely going Soft, Good to Soft in places


With doubts concerning the fitness of last year’s Queen Mother Chase winner Sire De Grugy and of the two mile chase king Sprinter Sacre (despite bullish remarks from Henderson) there is a chance for another to step into the limelight. Both have won the feature race of the day, The Tingle Creek Chase and that will more than likely throw a few into the hat. However, I have chosen to take a look at the Henry VIII chase, which was changed to a grade 1 in 2011 and has been won by some nice prospects in the past (Somersby and Al Ferof to name but a few). Let’s hope that a potential Champion Chase contender of the future will feature in this …

Kentucky Derby preview

It's America's big day of racing, where 90% of them will be there to be seen and most won't have a clue what difference Churchill Downs Inc's latest takeout hike does to shaft them on every bet placed. Throw in the standard arguments about race-day medication in the US and the recent New York Times/PETA expose on yesterday's Oaks-winning trainer Steve Asmussen, and racing in North America could be in better health.

Still, it's one of the elite races and great occasions of the world, and stepping up to the plate is Jon da Silva again, @creamontop, with his preview in a very American style. (No I don't understand Brisnet figures either...)

------------------------------

The Kentucky Derby Presented by Yum Brands

They say you should avoid food additive E-numbers which you can’t with Yum Brands…

Yum! Brands, Inc. or Yum! is a United States-based Fortune 500 corporation. Yum! operates or licenses Taco Bell, KFC, Pizza Hut, and WingStreet restaurants worldwid…