Art & Entertainment | Book Reviews | Education | Entertainment Video | Health | Lifestyle | Sport | Sport Video | Search


Punters On The Mark

24 June 2005

Punters On The Mark

Kiwi punters are having a golden run investing at the TAB.

The Lions tour is proving enormously popular with TAB customers and with the provincial teams running the Lions close on more than one occasion, the punters have been on the mark.

And with the sentimental favourite, golfer Michael Campbell, triumphing in the U.S. Open at odds of $100, bettors had an even greater reason to celebrate.

The compounding impact of a successful Multi bet was in evidence. One punter invested $5 on five league games and won $6750.

And if the All Blacks do beat the Lions in the forthcoming Test series, another $5 investment on a combination of cricket, rugby and tennis matches will be turned into $39,000.

The punters were not the only winners.

The New Zealand Racing Board pays one percent of turnover and five percent of gross margin back to the governing body of the sport on any Fixed Odds bet placed on a sporting event through the TAB.

For many sporting organisations, the funding is vital.

David Crocker, CEO of Basketball New Zealand mentions that the funding makes a huge contribution to coaching and player development programmes.

New Zealand Golf CEO, Larry Graham, agrees the funds make a big difference.

“When golfers make the transition from amateur to professional status, they are not earning any money. We are able to help them make that transition. Without the funding, we would not see players like Michael Campbell coming through”.

So while the TAB licks its wounds after some payouts, the contribution to the wider sporting community is considerable.


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines

Legendary Bassist David Friesen Plays Wellington’s Newest Jazz Venue

Friesen is touring New Zealand to promote his latest album Another Time, Another Place, recorded live at Auckland's Creative Jazz Club in 2015. More>>

Howard Davis Review: The Father - Descending Into The Depths of Dementia

Florian Zeller's dazzling drama The Father explores the effects of a deeply unsettling illness that affects 62,000 Kiwis, a number expected to grow to 102,000 by 2030. More>>

Howard Davis Review: Blade Runner Redivivus

When Ridley Scott's innovative, neo-noir, sci-fi flick Blade Runner was originally released in 1982, at a cost of over $45 million, it was a commercial bomb. More>>

14-21 October: New Zealand Improv Festival In Wellington

Imagined curses, Shibuya’s traffic, the apocalypse, and motherhood have little in common, but all these and more serve as inspiration for the eclectic improvised offerings coming to BATS Theatre this October for the annual New Zealand Improv Festival. More>>


Bird Of The Year Off To A Flying Start

The competition asks New Zealanders to vote for their favourite bird in the hopes of raising awareness of the threats they face. More>>

Scoop Review Of Books:
Jenny Abrahamson's John & Charles Enys: Castle Hill Runholders, 1864-1891

This volume will be of interest to a range of readers interested in the South Island high country, New Zealand’s natural environment, and the history of science. More>>