If AusTOTE take out only 2% to 5% of the tote win pool, it stands to reason that most of their dividends will be significantly better than any tote that takes out around 15% of the pool.

95% to 98% of the amount bet on a race returned to punters in dividends MUST consistently be better than just 85% of the amount bet on a race returned to punters. That is just simple maths.