Seems odd that the dishlickers are embracing the gross revenue model. Maybe they see the potential benefits of BF to punters & therefore to their industry.

Since I began laying in May last year, I have made a 22.8% profit. If BF increase their cut to 10%, according to my spreadsheet the profit would drop to 18.7%. I guess I can live with that.

But then again I may have to ask Moeee to teach me about form study for the grey's.

I think it will be an increase in all AUS markets also.
They need to not only address this NSW situation, but also allow for future rulings as a precedence has now been set.

With commission as it stands, various additional premium charges and now a turnover tax, there is no doubt that at the lower end of the market other products will be better for backers.

One question remains, will they calculate turnover as they do matched amounts, i.e. back plus lay, or only the backers stake.
If it's both, then I'm in huge trouble. :(

1.5% of turnover is a massive hit, considering 1% in commission reduction makes such an impact calculated on winnings only.

There is a smelly Rort that the TAB's use when they are caught up with Losing Wagers.

What TAB does when the approximate dividend for a Place mathematically works out to less than $1 , they are compelled by legislation to pay the Minimum Dividend of $1 or $1.04 , instead of finding the Extra Money from their Profits , they take it out of the place payouts from the other runners.

Perhaps Betfair could do something similar by introducing a Rule that whenever the 1.5% Turnover Commision exceeds the 5% Profit Commision on a single Wager , some Safety Rule kicks in.

I give betfair 6 months in OZ

http://www.thoroughbrednews.com.au/...t.aspx?id=59133