I cant see betfair affecting the TAB's profits all that much. I know i never bet on the TAB and i'm sure many other punters on this forum would not either. Why would serious punters bet on the tab when they can get best TAB or, best flux so on. Only serious punters use betfair so profit will be leaving the large betting agencies not the whingeing TAB's. Competition in the market can only be good for punters its time the TAB's to accept this and try to win some market share back by lowering their percentage takeouts, because at the moment Betfair has a distinct competitive advantage and dont the TABs know it.