In order to enjoy racing, it is beneficial to win and see a return…
Punters take 20% LOSS on EVERY BET!!!
This cute fact is due to the TAB Tote machine’s Profit Algorithm, which takes out around 20% Commissions Margin (usually quoted as 15%-20%). That means the tote (TAB) will take up to 20% out of the pool, yes, out of punters money, as Commissions.
The average punter has lost 20% before the race even starts. In truth there is no way to recover this money, it is lost forever to hungry tote machines and their owners.