TAB urges punters to choose it over its competitors during COVID-19 to keep people employed
TAB is paying tribute to those who are keeping the racing industry going through the COVID-19 crisis, in its latest campaign.
The ‘Back the Industry and Bet with TAB’ campaign also urges those who care about local jobs and the racing industry to spend their money with TAB.
The campaign continues TAB’s brand platform, ‘Long May We Play’, which was launched by M&C Saatchi in September last year.
Tabcorp managing director of wagering and media, Adam Rytenskild, said: “Bet with TAB is about celebrating and backing those who are integral to our racing industry. We know how important the participants who work both behind the scenes and in the spotlight are to keeping racing going, especially during these times of uncertainty.
“As an Australian company, we understand the importance of TAB giving back greater than four times more than our competitors to all three codes of racing in Australia, helping the sustainability of the sport we all love. The Australian racing industry employs over 100,000 people and we at TAB are very proud to play a part in supporting racing and Australian communities at this time.”
If the TAB offered competitive odds (instead of just following a few rolls lower than Betfair market odds), and stop the rejection of wagers from winning punters, stop preying on the losing punters, they’d have them coming in droves.
But they don’t, and the tote takeout is a joke.
The sooner they change their business model or die entirely, the better.
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How about screw the TAB and the entire racing industry… Only reason the industry is still standing during this time is greed and revenue. Preying on the weak by keeping the agencies open… pathetic.
Honestly, if they could race the horses and dogs without the wagering side of the industry I probably wouldn’t even care but they can’t. They need to take all the hopeless punters and sad souls in the agencies money to keep racing.
The industry is not self sustainable so please just explain what it’s actual fucking purpose is?
Greed
Greed
And
More greed.
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The reason Tabcorp pay 4 times is that you have Tote, Track and Retail exclusivity…. Corporates pay Racefields and Point of consumption Tax, just like you to help industry. Bit tongue in check to compare I thought….
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100% spot on
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Key here is the various state based TAB’s that over the decades have morphed into Tabcorp have, are and will provide more support to the racing industry than any corporate or exchange have are or will. If you examine the UK/Irish model, prize money and other governance/industry support mechanisms are a shadow to what the industry enjoys here. Why, because their system is based on bookies not TAB’s, who were created to support not only racing but the wider community via their activities. Last year for example, Tabcorp paid close to a 1 Billion dollars to all jurisdictions of racing in Australia. That is massive support. Suggest the corporates and exchanges paid a fraction of that. Yes, punters can get better odds with corporates and exchanges, but in doing so they risk the health and longevity of the very industry that provides them with the product they desire.
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Jack Hindson is absolutely correct. The wagering licenses Tabcorp hold mandate that they contribute various % of the Tote pool to the racing industry depending on the pool type. Also Tabcorp paid several hundreds of millions of dollars for exclusive retail licences for the states they operate in.
Remember the Tote used to be state owned and was designed to support the racing industry in the first place.
Corporate bookmakers and betting exchanges don’t have the same financial commitments (or tax’s) and only pay the race-fields contribution and in most cases the profits goes out of the states and to offshore owned businesses. If you want more of a free ride then punt with someone else you are free to do so. If you want to contribute more to the racing industry (in Tabcorp or other Tote retail exclusive states that is) then bet with TAB. Or like in any free democracy you can chose to spend your money elsewhere.
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