Very good point Rogan Josh!

All money that is won or lost or traded on Betfair does nothing to support racing in Australia as far as I am aware.

It's really the regulation of the TAB's and bookies which is at fault here. If the market percentages weren't so excessive (greedy) then many punters would not flock to more viable markets so readily.

TABCORP et al - pull your socks up!