"Bookmakers (corporates) no longer play the race. They exclusively play the client. With basically no movement of money throughout the industry" 

"Competition is based on obtaining attractive clients. Not on betting or pricing of their markets" 

Four minute Monday Moan off the back of Magic Millions week chatting with plenty of people in the industry .... 

Nothing new. Biggest talking point was everyone just looking for a place to play. Many currently making the decision whether to push on or leave the space. 
Corporates making life as difficult as possible (not blaming them).  Liquidity so dried up tote wise, Betfair still heavily handicapped. Exotics pools especially just completely cast for the vast majority. 

Would love to see PRA's identify this as an area that needs fixing. Sustainable punters need a place to play, before they are lost to the industry forever. 

A percentage of tote products being forced back to the pools the "easiest" fix. Obviously many other ideas that can be tried also (MBL's, tax structures and alike).