New Posts For Thread: Queensland cash in on NSW’s High Court winhttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win"Racing Queensland has announced their Race Information Fees for the 2012-13 racing season which will see most bookmakers paying a premium for turnover on the Queensland winter carnival next year. The racing administrator has implemented what it callfrom the link posted by aronpeaceWestern Australia's racing authorities have adopted a scheme that allows wagering operators to choose whether they pay product fees based on 1.5% of turnover or 20% of gross revenue.“In reality, the WA model allowshttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521394823#521394823from the link posted by aronpeaceWestern Australia's racing authorities have adopted a scheme that allows wagering operators to choose whether they pay product fees based on 1.5% of turnover or 20% of gross revenue.“In reality, the WA model allowsFri, 29 Jun 2012 19:24:11 -0500Guys, looks like we're a bit slow to begin. Check this out: http://www.racingandsports.com.au/racing/rsNewsArt.asp?NID=198673https://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521366721#521366721Guys, looks like we're a bit slow to begin. Check this out: http://www.racingandsports.com.au/racing/rsNewsArt.asp?NID=198673Fri, 29 Jun 2012 02:52:46 -0500Might be a stupid question, but has Betfair announced anywhere what you have to do to be considered a "trader" I understand why they don't like them. I assume there is a volume measureI'm a straight out horse punter but I do leave a really low lay bhttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521366477#521366477Might be a stupid question, but has Betfair announced anywhere what you have to do to be considered a "trader" I understand why they don't like them. I assume there is a volume measureI'm a straight out horse punter but I do leave a really low lay bFri, 29 Jun 2012 02:26:09 -0500Betfair should forget about the traders and simply have markets where punters who want to back or lay can do so. Once they do this they can afford a turnover charge no problems as their model is more efficient than a traditional bookie business modehttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521366361#521366361Betfair should forget about the traders and simply have markets where punters who want to back or lay can do so. Once they do this they can afford a turnover charge no problems as their model is more efficient than a traditional bookie business modeFri, 29 Jun 2012 02:11:27 -0500There is no way this ends happily ever after for Betfair punters.https://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521366221#521366221There is no way this ends happily ever after for Betfair punters.Fri, 29 Jun 2012 01:54:10 -0500Agree with Barneys post. They have not made smart business decisions herehttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521366133#521366133Agree with Barneys post. They have not made smart business decisions hereFri, 29 Jun 2012 01:43:46 -0500I see from the above that Racing Queeensland has the $5m cut off, no doubt to persuade on course bookies to stay. Didn't NSW try this?? I thought they gave up this argument at the Federal Court. Obviously nothttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521362073#521362073I see from the above that Racing Queeensland has the $5m cut off, no doubt to persuade on course bookies to stay. Didn't NSW try this?? I thought they gave up this argument at the Federal Court. Obviously notThu, 28 Jun 2012 20:05:40 -0500Something that interested me was the speed at which after the High Court ruling some racing bodies decided that not only would they charge turnover but they would have a premium charge during carnivals. Cannot remember reading anything about this durhttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521361551#521361551Something that interested me was the speed at which after the High Court ruling some racing bodies decided that not only would they charge turnover but they would have a premium charge during carnivals. Cannot remember reading anything about this durThu, 28 Jun 2012 19:36:07 -0500here's a better link to that blog:http://pullthepocket.blogspot.ca/2012/06/australias-turnover-tax-abcs-of.htmlhttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521360281#521360281here's a better link to that blog:http://pullthepocket.blogspot.ca/2012/06/australias-turnover-tax-abcs-of.htmlThu, 28 Jun 2012 18:30:11 -0500Womble, confirmed y'day it's the same as NSW, even though it 'sounds' better above. The 'back-bets' are not considered in Betfair's calculations so the gross revenue model would be far less than turnover.I know what Barney is saying but either way ithttps://community.betfair.com/australian/go/thread/view/93998/29206271/queensland-cash-in-on-nsws-high-court-win?post_id=521360101#521360101Womble, confirmed y'day it's the same as NSW, even though it 'sounds' better above. The 'back-bets' are not considered in Betfair's calculations so the gross revenue model would be far less than turnover.I know what Barney is saying but either way itThu, 28 Jun 2012 18:22:34 -0500