Why bet with AusTOTE? I Got Chills $2-50 (less 2-5 %) is a little better than
the $1-70 offered by the TAB’s last Saturday. The value didn’t stop
with that 7-length winner at black odds. The Worlds Best Mare Makybe Diva paid
a ridiculous $4-30 (less 2-5 %) when she made a one act affair of last Saturday’s
WS Cox Plate.
So who was lucky enough
to get $4-08 Makybe Diva in the Cox Plate? Supertab paid out $2-10; Unitab paid
$2-20, as did the NSW TAB.
Mark Read’s IASBet (now SportsBet)
ran a promotion leading up to the Cox Plate offering their customers the best
odds amongst Australian bookmakers at $2-50.
Other value winners at Moonee
Valley last Saturday included Coronga $4.20/ 3.20 (Vic TAB), Duelled $5.30/
4-00, Virage de Fortune $5.95/ 3.60, Matras $6.75/ 3-80, Niconero $5.85/ 3.70.
The result was no different
for Unitab customers who also took a lesser return on any winners, Coronga $4.20/
3.10 (Unitab), Duelled $5.30/ 4-20, Virage de Fortune $5.95/ 3.60, Matras $6.75/
3-60, Niconero $5.85/ 3.80.
Is it safe to bet with AusTOTE?
Yes. AusTOTE will be an Australian-licensed low commission operator with corporate
bookmaker International All Sports in the process of acquiring a 76% controlling
interest in the company.
Why is the price so good at AusTOTE? Commission is paid only on that amount
returned to you from a winning bet. The commission is no greater than 5% not
14% to 18% as you pay elsewhere and depending upon your use of the client incentive
scheme, may be as low as 2%.
AusTote Makes Strong Progress
Under IAS Ownership
As the Tasmanian Government continues to procrastinate over the issue of a licence
to the European betting exchange Betfair, the already Australian-licensed low
commission operator AusTOTE continues to build support in the market place.
Clearly the announcement
two months ago by the corporate bookmaker International All Sports of its planned
acquisition of a controlling interest in AusTOTE has provided the missing impetus.
Prior to the IAS announcement
AusTOTE was languishing and lacked the muscle necessary to leverage open the
door to the $11 billion Australian tote market; their pools were small and the
prices unstable. All this has now changed and AusTOTE is well on the way to
achieving the market share of 2.5% targeted by Mark Reid of IAS on the Business
Sunday program in September.
Over the past week for example
of the 170 races fielded by AusTOTE 128 yielded dividends greater than any of
the larger Australian TABs after deduction of the upper commission rate of 5%.
Those fortunate to have lower commission rates will have fared better still.
Stable pools and attractive
prices have been the rule rather than the exception including on Caulfield Cup
day pool sizes up to $98,000 and Cox Plate day up to $57,000; the bet of the
week being the Diva herself who paid a healthy $4.08 (net) almost double the
price of the other TABs.
The Spring Carnival and
the IAS combination has proved to be a winning formula and the results suggest
there is increasing momentum. AusTOTE Chief Executive Mike King, based in Norfolk
Island, believes that the momentum will continue for some time even if the low-commission
Betfair product is licensed. King maintains that the AusTOTE product will be
more attractive to the average Australian punter than the Betfair product simply
because the punter need not be re-educated in the concept of exchanging bets.
Be that as it may be, AusTOTE is now a leader in the low-commission tote market.
It already holds an Australian licence and with the expertise and backing of
IAS punters are assured of continuing better returns even if Betfair does not
achieve an Australian licence.
Press release courtesy of
AusTOTE
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