One of Australia's biggest punters, who once employed a team of people to wager about $2 million every week on the country's racing codes, is poised to exit the local industry in protest over uncompetitive betting markets
One of Australia's biggest punters, who once employed a team of people to wager about $2 million every week on the country's racing codes, is poised to exit the local industry in protest over uncompetitive betting markets.
He was known to employ some of the sharpest minds in Australian racing and would then dispatch people to racecourses and TAB outlets across the country to place his bets, which would range from low-key midweek country racing to major group 1 days.Such is the volume of money wagered by Dr Nick's syndicate, the bets have a significant impact on market fluctuations in all races.
It has left bookmakers increasing their margins on betting markets, resulting in some of the industry's biggest punters lowering their turnover. Other professional punters are having their accounts shut by oddsmakers who don't want to take their bests.
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