TAB enters into new pooling arrangements with RWWA

The agreement ensures that pari-mutuel wagers placed through RWWA will continue to be co-mingled into the SuperTAB pool, which is hosted by the Victorian TAB. The new arrangements also include an extension of the bet types pooled with RWWA to include Quinella, Doubles, Exacta and First 4.

Other pooling parties in SuperTAB are the Australian Capital Territory, New Zealand, Singapore and South Africa. The Super TAB pool is the largest of Australia’s three pari-mutuel betting pools.

Securing Western Australia’s continued participation in the Super TAB pool will allow for deep pool liquidity and reduced dividend volatility for TAB customers. The addition of the new bet types will as a result deliver these benefits for the first time to customers.

Maintaining the liquidity of the SuperTAB pool is also critical in terms of international expansion as a big pool makes international co-mingling more attractive and viable.

To facilitate the new pooling agreement with RWWA, changes to the maximum Victorian TAB commission rates for three bet types were necessary, and these have been approved. The bet types are: Quinella (currently 14.75% and will be 17.5%); Doubles (currently 17% and will be 20%); and Exacta (currently 16.5% and will be 20%).

The new commission rates align the commission rates between the Victorian TAB and RWWA and are a condition precedent for the new pooling agreement.