The early betting landscape of Australian racing changed significantly when Tabcorp altered its approach to publishing odds for certain meetings. One rival bookmaker believes the move lifts the lid on a bigger industry issue.
A simple move by Tabcorp to shift when it puts up its betting markets has caused a ripple effect throughout the Australian wagering industry, with a UK-backed firm trying to gain a foothold in the domestic online wagering scene, hoping to fill the fixed-odds void.
Star Sports, which opened for business on an Australian platform less than 12 months ago, has revealed it is exploring its options to frame market-first odds after a Tabcorp decision to restrict offerings to selected meetings.
But Star Sports’ Shane Ciurleo said Tabcorp’s move is a reflection of an industry struggling with increasing fees and taxation rates.
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