McDonald, the stable jockey for Godolphin, who rode Melbourne Cup favourite Hartnell to third place in Australia’s greatest race just two weeks ago, was interviewed by stewards over his association with a punter and whether he befitted from a bet on Astern when it won in December last year.
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Hypothetically, if you saw a market with only two outcomes at the same bookmaker, and each was paying in excess of $2.00, by punting on both, you would guarantee yourself a profit, but this is why such markets would not exist within the same company – unless due to error – because the company would be haemorrhaging money.
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CrownLotto is an extension of CrownBet, which is the digital business arm belonging to popular Australian casino brand – Crown Resorts. CrownLotto will function in the same manner that Lottoland does, punters will wager online on the result of global lottery draws. In other words, punters will be able to bet on the outcome of the lottery rather than buy an actual lottery ticket. The attraction of betting on online lotteries is the opportunity to win the equivalent of the actual lottery jackpot!
“Neds could have racing and sports betting services and is planning to offer bespoke sports lottery products, which would be different to the wagering on lottery results services offered by the likes of Lottoland and Crownbet.