Re: CAW and Billy Walters (264 Views)
Posted by: Roman (IP Logged)
Date: November 10, 2025 01:54PM
https://www.smh.com.au/national/meet-the-joker-the-australian-who-is-the-biggest-gambler-in-the-world-20180515-p4zfhi.html
This is who I heard was an Elite customer, Elite#2, but just hear say, allegedly , and this is what struck me in the article.
"We’re called Bankroll – Bankroll Punters Club, that’s what we call ourselves," Zeljko told the court. "Customers that bet on our level number in the handful in the world," he said matter-of-factly.
But, as he explained to the court, it wasn’t winning that kept them way ahead of the average punter – it was the rebates or "loyalty payments".
"It’s very simple," Zeljko told the court. "If you bet $100 and lost $5, but you get a 10 per cent rebate, you still make 5 per cent."
"You always win," he said. "I’m telling you that, if you bet very large, it’s a pari-mutuel pool, you depreciate it so far that you end up getting under fair odds. If you fix something at $8, you get six, but if you get a rebate that puts you into the positive."
This is who I heard was an Elite customer, Elite#2, but just hear say, allegedly , and this is what struck me in the article.
"We’re called Bankroll – Bankroll Punters Club, that’s what we call ourselves," Zeljko told the court. "Customers that bet on our level number in the handful in the world," he said matter-of-factly.
But, as he explained to the court, it wasn’t winning that kept them way ahead of the average punter – it was the rebates or "loyalty payments".
"It’s very simple," Zeljko told the court. "If you bet $100 and lost $5, but you get a 10 per cent rebate, you still make 5 per cent."
"You always win," he said. "I’m telling you that, if you bet very large, it’s a pari-mutuel pool, you depreciate it so far that you end up getting under fair odds. If you fix something at $8, you get six, but if you get a rebate that puts you into the positive."
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