Bookmakers have been an integral part of Australian horse racing almost since its inception. In the early years of Australian racing, on course bookmakers were the only legal form of gambling on racing.
UK based Betfair has, for the past 10 years, been a popular online destination for placing wagers on all manner of games and sporting events. The Internet has caused profound, fundamental changes on how sports wagering is conducted.
The name of Waterhouse is synonymous with Australia 's oldest bookmaking dynasty. Begun in 1898, it reached the pinnacle of its influence through the efforts of "Big Bill," "King of the Bookies," Bill Waterhouse. His decades-spanning career on the rails is almost inconceivable in a business where longevity is not all that commonplace.
Michael Eskander is the owner of Betstar, a leading sports betting portal. Michael immigrated Down Under in 1966 and worked in a various fields before earning a bookmaker's license in 1984. Along with son Alan, the duo has become the biggest on course bookmakers in Melbourne.
If one were to engage in a game of word association with any Australian punter, and he or she were asked to say the first thing that popped into their mind in response to the word bookmaker, the vast majority would immediately reply, Waterhouse.
The blue-blooded, now well established member of Australia 's most famous family of bookmakers, Tom Waterhouse, learnt the trade well from his grandfather and legendary bookmaker Bill Waterhouse. Known to wage punting wars with some of the most fearless punters on the tracks, continues to rule the Waterhouse dynasty after becoming one of the youngest bookies at the age of 21.