curious

rugby?

I think Pete nailed it. Thommo silent as well.

I part covered at 1.18 so ended up a little ahead. That freaky throw that hit the bat screwed me when I thought I was home for all money!

Was tempted to cash out at 1.50 but riding it out.

So at least double the expected win rate for both races I'm guessing and he suggests drawing a line through the topweight!

The $400m is a crock of shit and if that's punter losses, probably close to 100 times the real figure. It would be good if a real journalist would investigate these figures instead of blindly accepting them. As you say mardigras, many of us have been circumventing what will become the means of implementing the PoC tax for decades. That is the only way you can bet in some foreign jurisdictions. The betting operators would have no clue that you are not resident in that jurisdiction. What a waste of time and money and complete failure to understand what they are up against here.

I note the NZTAB is generously offering 3.35. That'll be good for turnover though should help margins.

Yeahh I'd say that's overs too and a good set up for the VC trade out strategy. Did I hear that it was already decided we would bat first? Guptill is due for a ton.

Yeahh it was some effort. Definitely a tricky pitch. And yes, the much maligned Guptill the play of the match. Hopefully he can find some batting form in the final.

Do you know what the status of those existing agreements is? Obviously in Oz we know there are existing racefields fees being paid by the TABs, Crownbet, Betfair at least. Are there further agreements in place with major corporates? I know that the NZRB were pursuing those a year ago but haven't seen any updates on that.

I wonder when the MAC final report will emerge. I'm hoping it will include a much more diligent and accurate assessment of the potential benefits of the BIUC and PoC tax.

How they get from that to $1-2m a month is another question. The IRD GST figures suggest that total overseas gambling spend is about $270m. I don't know what portion of that is on racing and sports but I'd guess, say 1/3.... $90m. 10% of that is $9m a year. That's then less collection costs which the DIA estimated at around $5m from memory. That leaves $4m less RITA processing and distribution costs and about half that will be racing's share which to me suggests that $2m a year might be closer and possibly optimistic. If it's 10% of turnover, RITA will be busy getting the lights turned out fast enough before they cut off the power.

The indicated 10% is surely 10% of revenue, not turnover? The MAC suggested 2% turnover didn't they?

The blog site is well named. There is optimism and delusional optimism though.

It is also much faster (for me). Good work.

Think I've arrived.