12th February 2012. Interesting article in the weekend papers about how certain government sponsored betting agencies have been giving hefty rebates to high throughput punters to the extent that they make a profit on a losing bet. Of course these rebates have the effect of reducing the dividend pool size. So the poor mug punter not only gets shafted by the odds he also gets fleeced by the system.
‘The house doesn’t beat the player. It just gives him the opportunity to beat himself.