Trading Horse racing : Australian racing

The sport of kings.
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Cards37
Posts: 190
Joined: Sun Oct 01, 2017 7:40 am
Location: Canberra, Australia

Wed Mar 07, 2018 7:02 am

Derek27 wrote:
Wed Mar 07, 2018 3:34 am
Just noticed lately, a lot of Aussie racecourses have had their market base rate commission dropped to 5%.
Do you have details on this Derek?

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mcgoo
Posts: 392
Joined: Thu Jul 18, 2013 12:30 pm

Wed Mar 07, 2018 10:34 am

Got an email from BF last week: "" The Market Base Rate (MBR) for Victorian thoroughbreds has been cut to 5% for March and April. "

Derek27
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Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Wed Mar 07, 2018 3:43 pm

Cards37 wrote:
Wed Mar 07, 2018 7:02 am
Derek27 wrote:
Wed Mar 07, 2018 3:34 am
Just noticed lately, a lot of Aussie racecourses have had their market base rate commission dropped to 5%.
Do you have details on this Derek?
I don't have any details but my accounting database has the MBR for each meeting so commission automatically gets calculated. I've noticed recently the commission errors and one by one I find they've been changed to 5%. Though from what Mcgoo says, it appears it applies to meetings in Victoria. Presumably there must have been a change in turnover charges?

Derek27
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Location: UK

Fri Mar 09, 2018 5:58 am

It looks like it's not just Victoria. Warwick Farm (Queensland) has had it's MBR reduced from 10% to 6%.

TipTopTrader
Posts: 23
Joined: Fri Feb 16, 2018 8:29 pm

Fri Mar 09, 2018 7:15 am

Queensland has been and still is 6% and South Australia is 6% Western Australia is 8 % and Nsw is still 10% Victoria is 5% From March 1st till April 30th and will be back to 6% after that.

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Cards37
Posts: 190
Joined: Sun Oct 01, 2017 7:40 am
Location: Canberra, Australia

Fri Mar 09, 2018 7:16 am

Just to be clear Warwick Farm is in NSW which is usually 10% ... so if there is a discount there that is awesome :) Warwick is indeed in QLD.


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Dallas
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Fri Mar 09, 2018 9:58 am

Naffman wrote:
Fri Mar 09, 2018 9:34 am
Big News - https://www.punters.com.au/news/the-tax ... ir_166935/
Ouch, that's not good for Aus users and would be a real shame if it happens!

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Euler
Posts: 16472
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Location: Bet Angel HQ
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Fri Mar 09, 2018 10:12 am

Probably a bit of posturing ahead of a more sensible deal.

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Naffman
Posts: 2668
Joined: Sun Aug 11, 2013 5:46 am

Fri Mar 09, 2018 10:35 am

The Govts. have been wanting to get rid of Betfair ever since it began in Aus so I really don't see it as an empty threat

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