Originally Posted by BJ

And...
Since I started betting full time, I have turned over about $650,000. I would estimate that less than $500 of that was placed on the tote.
Does this mean that the tote has missed out on all of that? No. The simple answer is, if the tote was my only option, I would have turned over $0.

When I place a bet on Betfair, (~70% of my betting is done here) chances are, some of the people that have laid my bets are going to go and back the same horse on the tote. When I bet with the bookies, the chances are that some of that money will find its way to the tote.

Now if even 10% of the money that I bet indirectly ends up on the tote, then that is $65,000 that they would not have seen otherwise.

Hopefully some of you will understand what I am trying to say.