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Author Topic: Zeljko Exposed  (Read 112302 times)

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Online PoisonPen7

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« 2018-May-17, 06:16 PM Reply #350 »
Is that THE John Ibrahim that is quoted on twitter???

Online jfc

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« 2018-May-17, 06:20 PM Reply #351 »
Why don't you watch his feed to determine that, then tell us your conclusions?

Online jfc

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« 2018-May-17, 06:52 PM Reply #352 »
“John Wilson” first appeared on corporate documents in December 1997.

Earlier that same month a board of inquiry had revealed that a privately-owned Vanuatu-based gambling company VITAB had “procured by fraud” a contract with the ACT’s TAB, which gave VITAB access to the Victorian TAB.

The damning report by Commissioner Richard Burbidge QC revealed that VITAB would never have passed probity checks because among its hidden owners were Australian gambling figures Peter Bartholomew and his brother-in-law Alan Tripp who had a string of criminal convictions for their gambling activities.

Former Prime Minister Bob Hawke owned 12 per cent and hidden via a Vanuatu-registered company controlled by a straw director were Zeljko and Walsh who owned 20 per cent.

Despite the commission’s best efforts to get Zeljko, Walsh, Tripp and Bartholomew to give evidence, they were nowhere to be found.

A summons was served on Zeljko’s and Walsh’s law firm which was run by now Federal Senator Eric Abetz and his partner Roger Curtis.

Mr Curtis told the inquiry that on September 10, 1997, the week before the commission’s summons arrived, Zeljko had collected the crucial VITAB file from Mr Curtis’ office. Mr Burbidge was furious. He said in his final report that the file removal was nothing more than an attempt to “handicap” and “frustrate” his inquiry.

The final report found there was not enough evidence to conclude that Hawke, Zeljko or Walsh were aware of the initial fraud when VITAB signed the contract with ACTTAB.



Must remember this strategy next time there's an enquiry into me.

Remove any incriminating files.

Be nowhere to be found.

Looks much easier than faking a car accident.



Online jfc

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« 2018-May-17, 07:44 PM Reply #353 »

Online jfc

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« 2018-May-17, 08:00 PM Reply #354 »

This appears to be Zeljko's daughter.

Hopefully she'll enlighten all of us about pertinent facts.

Online jfc

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« 2018-May-18, 07:45 AM Reply #355 »
Emily seems to have inherited her twitterbating skills from pater.

After her bewildering attack about what appears to be in depth fact checking about an identity who goes to great lengths to defy fact checking, some cute rebuttals were seen, including-

That's what Eddie Obeid said, and-


Whereupon Emily blocks some users then belatedly protects her twitter feed.

Online jfc

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« 2018-May-18, 09:42 AM Reply #356 »
But, as he explained to the court, it wasn’t winning that kept them way ahead of the average punter – it was the rebates or "loyalty payments".

"It’s very simple," Zeljko told the court. "If you bet $100 and lost $5, but you get a 10 per cent rebate, you still make 5 per cent."

"You always win," he said. "I’m telling you that, if you bet very large, it’s a pari-mutuel pool, you depreciate it so far that you end up getting under fair odds. If you fix something at $8, you get six, but if you get a rebate that puts you into the positive."



An article that keeps on giving.

"Depreciate" is a cute euphemism for "manipulate".

Now if you force everything below fair odds, then no punter can win long term.

Unless they enjoy a compensating kickback!

Kind of Zeljko to reveal that gem while he's bankrupting his partner over discretionary kickbacks.

Now if that's happening with Tabcorp's Totes why is anybody without a kickback going near them!

When there are so many completely legal alternatives.

I invite you all to calculate what the kickback is if you get $6 about an $8 chance, and still end up in front!

Online PoisonPen7

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« 2018-May-18, 01:58 PM Reply #357 »
Why don't you watch his feed to determine that, then tell us your conclusions?

Probably because I don't use twitter or have an account.

Not everyone is a social media phile.

Online jfc

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« 2018-May-18, 04:38 PM Reply #358 »
Considering you don't need a twitter account to answer your question, it says little about your stature as a technophile.

Online PoisonPen7

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« 2018-May-18, 06:10 PM Reply #359 »
Considering you don't need a twitter account to answer your question, it says little about your stature as a technophile.

  :lol:

I have no intention of joining a social medium that appears to do nothing more than regurgitate narcissistic thought bubbles. And they don't pay any tax.

So is the John Ibrahim quoted above the John Ibrahim that has celebrity status?

Online jfc

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« 2018-May-18, 06:20 PM Reply #360 »
No one is asking you to join anything.

You are the one interested whether that John Ibrahim is Kyle's BFF, and you are capable of figuring that out for yourself.

I have other fish to fry.

Offline Peter Mair

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« 2018-May-19, 07:06 AM Reply #361 »


Stop the rebates on tote bets

................ one can only wonder what an inquiry into the racing industry would make of the policy that allows TABs to give rebates on bets into TAB tote pools.

These should stop.

....... are racing ministers aware of and happy with TAB punters being skinned in this way?


Online jfc

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« 2018-May-19, 07:30 AM Reply #362 »
https://twitter.com/search?q=%40mrtimeform&src=typd

Not a lot of intelligent twit-twat around on Zeljko's Colossus of Rorts Rebates.

But influential(?) Phil Bull of Timeform seems to understand how insane the Brisbet initiative is.

Online jfc

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« 2018-May-19, 08:07 AM Reply #363 »

How can Brisbet fail with this gentleman at the helm?

https://twitter.com/BernardColossus/status/997593080562962432


Offline bascoe

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« 2018-May-19, 06:02 PM Reply #364 »

Stop the rebates on tote bets

................ one can only wonder what an inquiry into the racing industry would make of the policy that allows TABs to give rebates on bets into TAB tote pools.

These should stop.

....... are racing ministers aware of and happy with TAB punters being skinned in this way?
You are naive- ministers and the government know all about it - it was legislated and approved back in 2008 - when rebates began

This is no new story - rebates happen all around the world - they sent tastote bust- all tabs did pay rebates - and Tatts had it in a different form if you bet through a pool set up in Norfolk is gong back to 2003

Winning was easier before rebates but once they were in you had to chase them to stay financial due to the degradation of tote prices


Sent from my iPhone using Racehorse Talk

Offline Peter Mair

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« 2018-May-20, 04:03 AM Reply #365 »


............the degregadion of the tote concept is understood ............ but now it is exposed it should be stopped.

Online jfc

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« 2018-May-20, 08:38 AM Reply #366 »
RWW pulls no punches in critiquing Kate's opus.

http://ausrace.com/pipermail/racing_ausrace.com/2018-May/000363.html

Offline Antitab#

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« 2018-May-20, 08:49 AM Reply #367 »
To play Devils advocate.

In all parts of society those that buy in bulk getter  a better price than  this that don’t.

For instance Coles and Woolworths pay significantly less for product than small retailers like IGA and other Independent stores for exactly the same item.

Betfair does exactly the same with commission rates. The biggest syndicate, has  been on 0 commission on Aust racing to provide liquidity since the day the “fair” opened.

Why no outcry re Betfair?

If I run the Tab why not charge less to the “wholesaler”  to guarantee liquidity in market. Rebates do mean that the syndicates bet bigger and pools are larger.

 I am not privy to the numbers, but rebates MAY mean Tabcorp make more money than if they didn’t offer them. Ie 3%  of triple is worth more than  7% of a single.

Lastly Tatts pools are so small they are close to terminal as no body can have a decent bet. Even 3 or $400 distorts pools in harness and greyhound. Rebates will mean that Tabcorp diminishing pools are held up due to the extra  turnover they attract.

Online jfc

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« 2018-May-20, 09:29 AM Reply #368 »
Any number of ways to rebut this.

Above I showed where Zeljko virtually confessed to "depreciating" markets - i.e. turning every Over into an Under. Because the generous Kickbacks more than suffice.

That means no one without a Kickback can win long-term on the Totes.

So all that competition is removed.

Imagine an intelligent small punter who does his homework and manages to win (or come real close).

The money may not be his main reward. The prestige gained from outdoing his mates at work or the club is paramount.

While he keeps having winning days, he'll keep punting. As will his mates keen to match his record.

But now he inevitably finds himself losing, and he'll find something more fulfilling to play like Sports betting or Poker tournaments.

Whereupon Tabcorp has lost 40 years revenue from him and his mates.

This is hardly a theory, you can see the effects in Tabcorp's KPIs.

Offline Antitab#

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« 2018-May-20, 11:22 AM Reply #369 »
You are so obsessed with Zjelko you are missing the point.

After rounding TAB take out is close to 117% win. I am prepared to say no one wins at SP at a rate to make a profit  betting into that pool.  So I agree , you can’t win without rebates.

Tabcorp are running a business , they have identified for the reasons in my prior post that Pari mutual is more profitable for them if they attract wholesalers investing by offering rebates . 

Zjelko, other syndicates and also individuals are in the fortunate position where they bet  at a scale to take advantage of these rebates. Similar to Betfair these rebates increase as the entities turnover increase.

Its well advertised , not corrupt, it happens in every industry in  the world and as I said also happens at Betfair which. I never see any complaints about.

Offline Peter Mair

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« 2018-May-20, 03:53 PM Reply #370 »


............... the idea that rebates on tote betting are adding to liquidity is a nonsense.

Before the jump the only liquidity in the market is the Tote pool and the syndicates are subsidized with rebates to knock it off.

That is not the proper policy for a tote betting operation --all should pay the same % freight.

Online jfc

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« 2018-May-20, 04:02 PM Reply #371 »
That might actually be true!

However I've set up a new thread fro the Rebate Debate so how about joining in with any rational contributions there?

Online PoisonPen7

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« 2018-May-26, 06:43 PM Reply #372 »
You are so obsessed with Zjelko you are missing the point.

After rounding TAB take out is close to 117% win. I am prepared to say no one wins at SP at a rate to make a profit  betting into that pool.  So I agree , you can’t win without rebates.

Tabcorp are running a business , they have identified for the reasons in my prior post that Pari mutual is more profitable for them if they attract wholesalers investing by offering rebates . 

Zjelko, other syndicates and also individuals are in the fortunate position where they bet  at a scale to take advantage of these rebates. Similar to Betfair these rebates increase as the entities turnover increase.

Its well advertised , not corrupt, it happens in every industry in  the world and as I said also happens at Betfair which. I never see any complaints about.

I agree with Antitab.

It goes on every day in business around the world.

People get discounts if they buy in bulk. The merchant reduces his or her margin per unit and works out the net profit they make, and consider the alternative (and the risk) of insisting on the existing per unit margin and missing out on the business.

It is not corrupt and is a legitimate agreement between two parties. In this case Zeljko (and other rebate recipients) and TABCorp shareholders.

The only rebate operation I have a problem with is where they bet big into place pools to the point that their true dividend is less than a dollar, and to meet legislative obligations tabs are allowed to steal from the payout pool of the other placegetters to raise the dividend of the placing that the big better has hit. This was going on for a while under a model where the NSW TAB had to pay $1.04 minimum - now reduced to $1.00. Not sure if it still goes on but it should be outlawed if it does.

Online jfc

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« 2018-May-26, 07:05 PM Reply #373 »
Corruption goes on everywhere every day.

Offline JWesleyHarding

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« 2018-May-26, 07:34 PM Reply #374 »


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