I very much doubt that Zeljko Ranogajec and his syndicate make any money out of their betting part of their operations on the Australian TABs these day, If they do still play, they are more likely to just play for the kickbacks. The landscape of the Australian TABs has changed considerably in recent years, because of corporate bookmakers betting tote odds. Stability of tote dividends is long gone.
I have been reliably informed that Antitab used to do the form for Jeljko on the American races, but no longer works for them as they have given up betting on the American races.
Who was the idiot who suggested Jeljko had $250,000 on So You Think in the Cox Plate at average odds of $10.00, when $15.00 was available with bookmakers. Winning at the races is really about securing best odds.