The sting you are refering to was on a greyhound race at Wentworth Park and was placed on the Qld tab 18 seconds before the jump. They bet a total of $730,000 for a collect of $910,000 (a profit of $180,000).

Although the syndicate had the odds in their favour, their win was definitely not guaranteed. They took advantage of the TAB's money back rule(place dividends of less than $1.00 paying $1.00)and outlayed $350,000 on the 1st and 2nd favourites and $5,000 on the other 6 runners. These bets were placed via a phone account and close to the jump so other punters could not take advantage of the distorted dividends. The syndicate were lucky that both the 2 big bets ran a place because if they had both missed the place they would have lost about $100,000 and if only 1 had run a place they would have still won about $40,000.

The final place dividends in the race were $1.00 for the 2 favourites and the other 6 runners were paying about $42.00.

The sydicate were eventually paid the money which they deserved and the Qld TAB have since changed their rules.