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National Betting Pool
On June 1st it was announced that TABCORP which currently owns the TAB licence in NSW and Victoria and effectively the ACT, WA and Tasmania through their affiliation with the TAB's of those States was launching a takeover bid for UNITAB which holds the licences for Queensland, SA, and the Northern Territory.

If successful it is likely that there will be just one National TAB pool. The effect of this will be catastrophic for punters who currently bet to get the best TAB price either through their separate TAB accounts or through corporate bookmakers who are able to offer TAB prices.

The effect of getting the best price between the three TABs is currently a 13% advantage to the punter and when the NSW and Victorian pools merge the advantage will be only 8%. Merge all three pools and the advantage is only what the corporates offer which is likely to be 5% better than the National TAB price. Either way, the overall return to the punter who takes the time and effort to seek the best price will be reduced.

Now if you were looking to get involved in the share market, obviously corporate bookmakers are the ones who stand to increase profits and therefore would represent a good hedge play. At present these are the ones who are giving large numbers of punters a 13% advantage and who in future can get away with just 5% and still be the best option a punter has. Centrebet launched a prospectus on June 1st and our comments on this are in another article (click here).

Punters should write to the ACCC and voice your concerns as this will leave the Norfolk Island based Austote as the only competition and in the normal course of events you would expect Goliath to beat David, especially when you consider heavenly influence is unlikely to take a part in this battle. Here's a suggested letter:

The Charmain
ACCC
PO Box 1199
Dickson ACT 2602
I am concerned about the proposed takeover of UNITAB by TABCORP as proposed on June 1st . The effect of this takeover is the probable creation of a National TAB pool which will have the effect of reducing competition and lessen the ordinary punter's chances of taking advantage of the variances between the three TAB pools that currently exist.
Each of the current Tab Entities HAVE DIFFERENT RULES RELATING TO SERVICES OFFERED, SIZE OF MINIMUM BET AND PERCENTAGE TAKEOUT for the various bet types.
By establishing a National Pool it is likely that my options as a punter will be limited.
I urge you to do a full and thorough investigation of the certain lessening of competition that will take place should the merger go ahead.

Yours Sincerely,


Your name and adress

 

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