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Ann: One of Australia's biggest punters bets on the Global Tote, page-5

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Reaper11

21,242 Posts.

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15/06/17

12:13

Post #: 25291323
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Originally posted by TheWagyl ↑

But by betting into the GT he is betting against other gamblers rather than the house, right? He could make 5% on his investment without the GT losing anything. Maybe they have negotiated a lower takeout on his betting.

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The announcement states that he's betting via the Top Betta platform, which offers best of 4 totes (including Global Tote). So if one of the other totes pays higher than the Global Tote the difference comes from the house.

Reaper

TBH Price at posting: 24.5¢ Sentiment: None Disclosure: Not Held
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