You can tell from the name I post under that I am no fan of Tabcorp but paying rebates makes sense to me from their point of view.
It makes no sense whatsoever to any rational honest person.
I've already pointed out the way rebates work is unfair and oppressive to retail punters, hence illegal. Hence it makes no sense for Tabcorp to flagrantly facilitate law breaking.
Also note that very few of the punter victims read the AFR, so (barring McIlwain) Kate's piece is the first time Kickbacks have reached the mainstream press. Despite 10 years of malpractice.
How is it that not a single racing writer aver publicly raised the issue!
That look kosher to anyone!
Obviously Tabcorp and its co-conspirators are very afraid of the possible punter backlash, and have been very influential in stopping this hitting their media.
If it made any sense at all then surely someone would have written about how sensible it is.
And I still haven't started about how insane the economics for Tabcorp are.