Chrome,

Precisely what I've been doing. I've dredged up some old false prophets/profits and reenlisted them back into AusTote boot camp.

If they can't buck a 2% (1st 2 months) rake then there's no hope for them.

In case anyone's wondering SmartGambler is listed as an affiliate. And I have no vested interest.

The liquidity is irrelevant, because unlike Betfair your bets always go on. The pools are now surprisingly high as you can check from their results.

http://www.austote.com/results.asp

I note many here use them. But why aren't the others.

I think my figures suggest that after rake you'd be at least 12% better off.

xptdriver,

No, I wasn't going to enter into the staking debate, as I am a level stakes man

But the small losses of many systems, mean that a profit can now be achieved, still using level stakes.

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I'm answering this much for myself as for others because some of the figures are counter-intuitive.

If NSW rake is 16% why does the AusTote premium show as ~19%?

Because the expected ratio is calculated as 100/(100-16) = 100/84 = 1.190

Worst case you only get 95% of that = 1.131.

So that leaves you ~13% better off.

But if you bet at least 20 minutes before the worst rake is 3.5%.

And that in theory leaves you 14.9% better off.

In practice it looks as if shorties aren't all that far below that but roughies give you a nice spice bonus.

If we only bought cheap stuff from China we would be over 12% better off.
Until we lost our jobs because our boss couldn't sell his Australian made stuff.
The world is not only mathematics JFC.There is also a humanity side of things to consider.

I see what you mean.

Cheers.
darky,

Shhhhhhhh......