Deductions and Payout Limits

Every punter should be aware of the deductions and commissions that the major totalisers take out of our punting pools. Researching this article I was very surprised at the level of deductions the TABs claim on some of their exotics. If a Big 6 isn't hard enough to get in the first place, punters only get 75% of the pool returned. This is criminal! Check out the comparisons below and make up your own mind on where the value lies:

Bet Type

VIC

NSW

TATTS

Win

14.50%

14.50%

14.50%

Place

14.25%

14.25%

14.25%

Quinella

14.50%

14.50%

14.75%

Duet

14.50%

14.50%

14.50%

Exacta

16.50%

16.50%

16.50%

Trifecta

20.00%

21.00%

21.00%

First 4

22.50%

22.50%

22.50%

Daily Double

17.00%

17.00%

17.00%

Running Double

17.00%

17.00%

17.00%

Quaddie

20.00%

20.00%

20.00%

Big 6

25.00%

25.00%

25.00%

 

In addition to some of these less than attractive deductions the punter also has to deal with the infamous tote rounding scam. This is where the totes round their dividends to the lowest 10 cents. So if Black Caviar pays you back $1.04 or $1.00, who knows, it may have actually been paying $1.09. The extra 9 cents unfairly goes back into the TAB's pocket.

The emergence of bookmaker best tote products has been a revolution for the punter. However, it is important to read the fine print on each of the offerings made by the major bookmakers. There are payout limits that apply and some of the figures for non-metro meetings are fairly low:

Bookmaker payout limits for metropolitan meetings

Bet Type

Sportsbet

Sportingbet

Centrebet

IASBet

Win

$300,000

None

$150,000

$200,000

Place

$300,000

None

$150,000

$200,000

Quinella

$200,000

$50,000

$20,000

$60,000

Exacta

$100,000

$50,000

$20,000

$40,000

Trifecta

$200,000

$50,000

$20,000

$120,000

First Four

$200,000

$50,000

$20,000

$20,000

Doubles

$100,000

$50,000

$20,000

$100,000

Quaddie

$300,000

$100,000

$150,000

$100,000

Big 6

$300,000

$100,000

$150,000

NA

 

Bookmaker payout limits for non-metropolitan meetings

Bet Type

Sportsbet

Sportingbet

Centrebet

IASBet

Win

$150,000

None

$70,000

$100,000

Place

$150,000

None

$70,000

$100,000

Quinella

$50,000

$25,000

$5,000

$30,000

Exacta

$30,000

$25,000

$5,000

$20,000

Trifecta

$50,000

$25,000

$5,000

$50,000

First Four

$50,000

$25,000

$5,000

$10,000

Doubles

$50,000

$25,000

$5,000

$50,000

Quaddie

$100,000

$50,000

$75,000

$50,000

Big 6

$100,000

$50,000

$75,000

NA

 

For a full break down of the products and reviews visit Punting Form's Free Bets page.

 

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