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Most experienced players consider the progressive option to be a sucker’s bet. For example, assume that a full house pays a bonus of $500, but such a hand only happens every 694 hands (see the section below). Even if these numbers play out exactly, you lose $194.
“It is a natural step for us; we have worked with News Ltd. closely in Australia and built up a high degree of trust,” says David Attenborough, Chief Executive of TabCorp. “They have one of the strongest brands in the UK with half of the UK betting population regularly reading or engaging with The Sun.”
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The move by the South Australian government has also angered the Australian Wagering Council, which is the sole representative of the overseas betting companies. The council said this is the low for the companies. They further added that they will have an urgent meeting will the treasurer Koutsantonis. They further said the imposition of the consumption tax will place a taxation burden and increase job losses as these companies, which may be forced to close shop.
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