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Vic Funding Model "Is Baffling To Trainers"

Friday, 17th December 2010

Commenting on the headline-hogging debate over Victoria's current fees from bookmakers, columnist Adrian Dunn declares bluntly in The Herald-Sun this morning: "Some things make little sense. Trainers understand the importance of punters. They realise the more punters bet, the more the industry prospers & prize-money levels rise. It's why they support corporate bookies paying a turnover percentage funding model. What's sticking in the craw of most trainers in the debate over the best funding model for corporate bookies - gross revenue versus turnover - is the notion for the industry to grow, the bookies have to win. Under the existing funding model in Victoria, corporate bookies pay Racing Victoria 10% of gross revenue, a percentage that jumps to 15% during the 6 weeks of the spring carnival. As one trainer noted: 'We're living off the fat of the bookies. Bookies lose, we lose.' The extension of that principle, as trainers see it, is that if bookies win, punters lose. That leaves them scratching their collective heads." To read the full analysis, click on the link in The Great Debate panel on the right-hand-side of this page.

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