Flemington’s Group 1 Black Caviar Lightning Stakes meeting on Saturday will be supercharged for punters with monster Melbourne Cup-sized betting pools.
News Corp can report that Tabcorp has done a deal with the Hong Kong Jockey Club which will see SuperTab combine with the Hong Kong tote pools for all races.
It is the creation of a first “world pool” on an Australian thoroughbred meeting and, conservatively, industry sources believe it could mean more than $70m is wagered across tote pools in the nine-race card.
Tabcorp CEO Adam Rytenskild said the historic pooling was a great outcome for punters.
It comes as world racing officials converge on Melbourne for the Asian Racing Conference starting on Wednesday.
“Black Caviar Lightning Race Day will be a historic day with a World Pool on the entire meeting,” Rytenskild said.
“This is fantastic for our partners, the Victoria Racing Club, and most importantly for our customers who will enjoy the super-sized pools.
“Tabcorp is in the midst of a transformation, and this is an example of how we are looking to innovate for our customers and partners.
“A world pool creates more options for punters and gives this great Group 1 meeting additional global exposure – that’s a win for the whole industry.
“We’re looking forward to expanding our commingling partnership with the Hong Kong Jockey Club in the future and I’m confident we will see more Australian feature meetings with World Pools in the years ahead.”
World Pools bring together parimutuel operators across four continents to create pools with global liquidity on selected feature race meetings worldwide, providing customers with larger and more stable pools to bet into.
Hong Kong Jockey Club CEO Winfried Engelbrecht-Bresges said: “It is wonderful to collaborate with Tabcorp and the Victoria Racing Club for our first World Pool event in Australia.
“The Lightning Stakes meeting at Flemington – home of the famous Melbourne Cup – is an ideal way to celebrate the Asian Racing Conference where international commingling will be in focus.
“As we have seen elsewhere, a World Pool is certain to create yet another dimension to wagering and customer experience outcomes on the day.”
VRC chairman Neil Wilson said: “TAB is a major partner of the VRC and the Club has an important strategic alliance with the Hong Kong Jockey Club so it is an important milestone to be working together to significantly increase the global reach of racing via the World Pool.”
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