Tabcorp has announced a new bet type called "Big Six " and it will begin next Saturday. To win a punter must select the winner of six races nominated by the TAB, however punters who unlucky enough to "just miss out " and pick 5 of the 6 winners a supplementary dividend will be declared from 10 % of the dividend pool.
In this morning's Herald Sun racing journalist, Adrian Dunn, naively heads his column with " Punters to hit tote for six" whereas, in reality, it should be " Tote to hit punters for six "
A. Initially in a six week "promotional launch" the takeout will be 6% , however, once punters are sucked in and the bet type is up and running the takeout will be 25 % , that's right 1/4 of the pool .
B. As part ot the marketing of this new bet Tabcorp has cleverly introduced this supplemenary dividend and as Dunn naively illustrates "for punters who perennialy pick three legs of the quaddie" they will not suffer the same frustration with the Big Six. If the average field size of each leg of this "Big Six" is say, 12 starters, by my calculation there will be 72 different ways punters can pick 5 out of 6 winners. With only 10% of the dividend pool distributed and with flexi betting available, I would not have to hang around in any queue waiting for a TAB agent to open his safe for my payout if I had a flexi 5% of the dividend of 1/72 of 10% of the dividend pool.