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Old 4th February 2007, 06:23 AM
jfc jfc is offline
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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Quote:
Originally Posted by downbylaw
Had a guy telling me tonight the only reason for these "powerpays" is that the tab need to return "excess" money to the punter. Where the "excess" money comes from i have no idea, perhaps uncollected winners? Just shook and nodded at him as i could hardly decipher what he was saying. Reading this thread just reminded me about it.

Is it a true promotion or something going deeper that is covered up as a promo? Or was this guy just really really drunk?


There are a number of google-able recent press releases which explain this.

Essentially Tabcorp must keep its overall annual rake below 16%.

They have been raking over 20% on new exotic pools which have proved popular. So they have to return that excess.
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