Rogan Josh,

You sound like an advertisement on Sky :smile:

Seriously though the problem, as Chrome Prince points out, is that the TAB take is so high that it makes it quite hard to make a long term profit betting on the TAB (and the bookies aren't much better - in fact sometimes they take an even higher %). Also despite what the ads on Sky imply the TAB take is not all going to support the industry! For every dollar you bet on the TAB between 15 and 20 cents is retained - that is then split into 3 roughly equal portions. One third goes to government in tax, one third to TAB and the last third to the "industry". My desire to support the industry is outweighed by my desire not to pay any more tax than I have to!

As to the overseas thing if the Australian government hadn't been so stupid as to completly stop all development of Australian based internet gambling a few years ago it is quite likely that we would have had several Australian based competitors to Betfair by now.

Of course if you can make a profit on Betfair then a reasonable portion of that money you are winning is probably coming from punters in other countries - so you are helping the trade deficit :smile:

As much as I like to support Australian industries, etc, I am afraid I have to look after my money first - if I can make a lot more money by betting with Betfair then I am going to go with that. When I make my first million I will donate 10% to the "industry"!

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"Computers can do that????" - Homer Simpson

[ This Message was edited by: becareful on 2003-02-25 11:18 ]