my bbi valuation / dbct sale flows, page-234

Hey Melua, what that bloke really wants is a rebate on golf balls (assuming he's playing from the black tees at Brookwater).

As to his profit and loss issues on gambling, he's an excellent punter if he can spend 200 million on the Australian totes and break even! One of the weaknesses of the situation is the large takeout before payout added to the shortening of odds on largely supported winners means he is beating himself betting up to 1 million a day in small pools.

He can't bet back on Betfair
a. because he won't get a rebate
b. The pools are too small for these numbers

And he can't bet back with the tote, so i suggest you have another chat to your mate, either he's full of it or he has a new way not previously thought of (by the Waterhouses etc)