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Tabcorp Telling Shops To Boot Gambling Winners

Sunday April 20,2014 : SKEWING THE ODDS?
 
"Expanded risk" management instruction could prove embarrassing.
 
A gambling row that has been simmering for the past week in Australia is set to heat up after the holidays with Tabcorp at the centre after an activist body dubbed Fair Wagering Australia published a leaked internal document that on the face of it suggests a strategy to winnow out successful punters to reduce exposure to risk.
 
Members of Tabcorp’s 2,600-strong retail betting shop empire that did not take heed of the message from headquarters could look forward to being managed from higher up the management ladder, the advisory warned.
 
See the full FWA expose here: http://fairwageringaustralia.com/.
 
Fair Wagering Australia says it intends to forward the internal document to the New South Wales Office of Liquor, Gaming and Racing, which is apparently investigating Tabcorp’s new fixed odds management procedure.
 
Widening the spread of the allegations, the Sydney Morning Herald waded in with an article that conflated the betting shop directive with the growing influence of online gambling - and British operators - in the Aussie market.
 
The article highlights the thrust of the Tabcorp "Fixed Odds Liability" directive, which uses flowery language to impart a straightforward message - thin out the repeated winners (''individual customers who are not commercially viable'') and keep the "Genuine Betters" (the losers).
 
Tabcorp's advice to outlets seems to be to get rid of fixed-odds winners as customers by embracing ''liability management'' and focusing business efforts on the losers.
 
''By helping to identify the individual customers who are not commercially viable you can prevent your whole venue from being managed [by head office],'' the document says.
 
The Sydney Morning Herald claims that online wagering companies "…tend to take bets only from losers. Fixed-odds punters who win, even those who bet in small amounts, either have their bet sizes curtailed or their accounts frozen altogether."
 
TAB runs online operations like tab.com.au, Luxbet and Sky Racing in addition to its land gambling outlets.
 
The company's ''expanded risk management'' policy has allegedly come about as a result of "commercially viable" punters (read repeat winners) gravitating to land betting shops from online sites that have been discouraging them for being too successful.
 
According to Fair Wagering Australia, bookmakers licensed by the Northern Territory government are turning over close to $6 billion annually with conservative profit estimates of A$400 million. Last financial they reportedly paid just A$2.4 million in tax to the Northern Territory government through a levy on gross wagering profits, capped at A$250,000 per bookmaker.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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