If the bookies offered better than tote odds on a regular basis, punters would never have deserted them.
Greed killed them - just look at the 130% plus markets.
To stay alive in any industry, you have to be competitive with the opposition.
Instead they try to make a killing of the mugs, partygoers, spring carnivals.
Any astute punter will not be conned, so the greedy bookies never get regular business.
I'm not talking about all bookies, just the one's that take advantage and then cry because they have no turnover.
The same is happening with betting exchanges versus the TABs, punters see value elsewhere, so the TABs are left with the small time punters.
Instead of looking at the situation from a business perspective and offering a competitive product, they reduce services and increase takeout.
It is not good business practice.
I'm guessing that any increase in TAB turnover comes from those who have laid horses on betting exchanges
