TAB officers say that sports betting, akin to betting heads and tails, has costs that come to about 4% of turnover so that $650 gross profit becomes a measly $250 nett profit. In my books it is the criminal that is getting exploited, not the TAB. Imagine a criminal putting $5000 on heads and $5000 on tails they are both paying $1.87 The criminal gets back $9350 for his $10,000.
I have known for years how the TAB exploits punters but can somebody please tell me how the TAB can be exploited by criminals. 'We're putting systems and processes in place to prevent criminals from trying to exploit the TAB.'
