It is certainly affecting my turnover, down by close to 2/3rds Bookmakers aren't charities, they are in it to make a profit, after all isn't that why we are all in it?
They give a hell of a lot away in promotions, the percentages can get down to around 105% and I have seen it even lower, this gives any punter a fair chance of winning, it is very competitive, any more tax and some will need to get out, if that happens competition will be reduced, percentages will increase dramatically, Bookies will need to cut unprofitable clients.....that doesn't just mean cut winners, that mean cut anyone who isn't a big loser.....i.e. if you bet $100,000 a year and return $90,000 that isn't a $10,000 win for the bookie, it is a big loss........Bookies aren't the enemy of Punters or vice versa, one can't survive without the other......and racing can't survive without both!.........I remember going back to the 60's Big Bill Waterhouse was fielding at the Melbourne Cup Carnival, just in his battle with one of the big Punters of the day, Frank Duval, Duval turned over huge figures, he finished losing to bill (in the 100's of thousands, from memory) and Bill lost twice as much in turnover tax......they both lost heavily for the pleasure of working..........bookies are part of the show.....they should be treated like Jockeys/Trainers/Owners and Horses.........not taxed out of existence, I have no problem with them paying whats fair, and neither do they, Prizemoney is getting beyond the ridiculous, they don't need any more and I can tell you they won't get it from this little black duck!!
If I can't get the price I want I don't bet.....that will never change, I like to punt on Thoroughbred racing.....but I don't have to!
They want to take advantage of the so called "problem gamblers" the ones they know can't say NO! The one's that don't know any better, the ones that don't know when they are being screwed and are used to losing anyway
They're parasites for doing that, don't you think??