It took John Allen and his GM of Wagering a while

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Quote

 Investing in a new FOB platform will improve the margins and improve competitiveness as a result of increased offerings and efficiencies.

to wake and work it out that the pretence of the above quote by the CEO to sell the Betting Platform to the Industry was never going to improve margins when you copy Sportsbet odds and don't factor into NZRB having to pay the NZ Sporting Codes and TAB agents a % of turnover and also profit. All good for Sportsbet to offer better odds when they pay nothing back to the NZ racing and Sporting codes. Up until just recently head to head bets were around 104% as opposed to 107% by the NZRB prior to the new Betting Platform eg sports line bets were $1.87 the pair but once Sportsbet started pricing that became $1.90 - $1.91. Bad sporting results for bookies was the excuse given for the loss in revenue, no it was bad management end of story.   

Great for the customer but not much good for the NZ Racing Industry with that house % advantage of 3-4 % to pay the sports codes and agents gone. The Sporting codes will still receive their entitlements but where will that lost buffer % come from now that's right the remaining profit paid to the NZ racing Industry.   

It took a few months to work it out but that house % advantage is back now no doubt because of reduced revenue from sports betting  which to anyone with half a brain was always going to be the case.  

The Betting Platform cost tens of millions plus plenty more now in leakage caused by copying overseas bookmakers sports odds when the NZRB's costs are not mirrored. The NZRB is also now paying Sportsbet to price and trade. Profit is diminishing hello whats left?

John Allen was on a panel to look at stopping leakage of money offshore, well well done John you added to the leakage problem due to your lack of understanding your betting product verse expenses. 

I hope at your Industry meeting at Ellerslie you man up and admit to this huge blunder which has once again cost the NZ Racing Industry plenty.  I know you have no wagering knowledge John so exactly who lead you down the garden path?

Opps I just noticed Blues game Saturday 105.9% and Crusaders 106% your still leaking John.