In Australia, with the prospect of losing its gaming and wagering license in the southern state of Victoria in only three years, Tabcorp Holdings has launched its Big6 horseracing wager that will award punters with a ‘major dividend’.
The bet is similar to the ‘six-up’ that is offered at Hong Kong racecourses and will award life changing amounts of money to punters that correctly pick six winners. In addition, it will award a ‘supplementary dividend’ to bettors that accurately select five winners.
'The Big6 is the ultimate test of punters' skill,” said Robert Nason, Managing Director of Wagering for Tabcorp.
“The Big6 will also appeal to non-traditional racing customers because it is simple to play and has the potential for big dividends.”
The Melbourne-based totaliser betting operator also revealed that it had dropped its take-out rate to just six percent for the first six weeks of the Big6 in order to appeal to new customers.
According to a recent piece in The Sydney Morning Herald, bookmaker Mark Read's International All Sports has started a book on which operator will be awarded with the Victorian licence in 2012.
'Home-ground advantage makes Tattersalls the dominant favourite at $2.50 to procure Victoria's retail totalisator licence,' said Read.
'The incumbent operator, Tabcorp, has drifted alarmingly in the betting to $5 due to whispers that it may not even make it to the starting post due to indifferent form and an un-genuine temperament. Some punters say [Tabcorp] has become sour with racing and is now better suited serving in the casino barns of the harbour city and the Gold Coast.
'Others say Tabcorp will not race in a big field and like its monopoly cousin, Telstra, its directors will only run when they are sure to win.”