Skip to main content

'Protection' of NSW racing industry is an outdated concept

The most arrogant state in Australia, New South Wales and in particular its Department of Racing and Gaming, has long had a policy of screw the rest, we will do whatever we like. Protectionist legislation in breach of the Federal Constitution, banning competition or technology from racecourses etc... Back in the 70s and 80s, these policies might have worked, but in the technological age, they are being shown up as using a Commodore 64 when everyone else is using iPhones and iPads.

NSW players under the whip and still looking for clear running

There it was, in the last paragraph of Tabcorp's full-year results flyer sent out on Thursday. Overall, the figures don't look good for the NSW racing industry. The push for a deregulated betting market must surely be stepped up.

The paragraph in the Tabcorp release mentions the impending arrival of ''cartoon racing'', which is about to hit NSW TAB outlets, but that wasn't the eye-catching remark.

No, this one is all to do with fixed-odds betting. Or as is the case in these parts, the lack of it. It is farcical.

''In NSW, the wagering business performed well considering that it did not have access to some of the products that are available to consumers in Victoria, such as Trackside and Fixed-Odds betting in the retail network …''

For the betterment of all concerned, Tabcorp should be inserting a rocket in the relevant NSW government regulatory department.

Betting in NSW is under siege but the players - the TAB and on-course bookmakers - are playing with arms firmly bound behind their backs.

..

This column has long argued for an open and level playing field. What is good for one is good for all. Why hamstring the locals with antiquated betting restrictions? The fence erected around the state to protect NSW racing's income streams is driving out punters, not keeping them in.



The NSW govt and Racing NSW are completely ignorant of what punters want, and how modernisation can improve the industry for everyone. Punters have worked out they get far better choice by going online, so now the betting operators who have stayed loyal to NSW and not moved to Darwin are being penalised by a department of numpties who still wear brown suits and drive Kingswoods...ra

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...

Gimcrack Stakes preview

The final day of the Ebor Festival has a great spread of races, and just one of them could be described as having a clear-cut favourite. A solid reward for anyone who can find a winner.

The 2yo feature of the day is the Gimcrack Stakes, and saddling up again for the preview is Darren Goodbody, @DarrenPGoodbody. You can read more of his work here.

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

Irish Thoroughbred Marketing Gimcrack Stakes
Group 2, 6f, 2yo C&G
£220,000
1510 local 0010 AEST


What a week it has been on the Knavesmire, some impressive juveniles to keep on the note book especially Tasleet of William Haggas's and Wesley Ward's Acapulco who impressed me taking on older horses, but even though with the 29lb allowance he could not over come proven Group 3 winning sprinter Mecca's Angel.

Mark Johnston has not improved on his six percent average here at York and I have reservations that it is going to improve with Buratino or Ode the Evening. The Listed Woodcote Stakes and Group 3 Coven…

Racing has a Ponzi scheme - and the fallout will be enormous

When the term 'Ponzi scheme' is mentioned these days, the names Bernard Madoff and Allen Stanford instantly spring to mind. The pair of them ran multi-billion dollar frauds (US$60bn and $8bn respectively) that destroyed the lives of thousands of investors who had put their life savings into a 'wonderful' investment strategy. How so many people were sucked into the scheme is baffling to those on the outside. The lifestyle, the sales pitch, the success stories of the early investors - I suppose it all adds up.

So where does this link to racing you ask? A prominent Australian 'racing identity' this week has been reported to have lost access to a bank account with punters' club funds of $194m in it. Firstly - is there a worse term for anyone to be labelled with that 'racing identity'? It ALWAYS ends up meaning shonky crook! Secondly - who the hell has a punters' club with an active bankroll in the tens of millions? It simply can't be done.

The…