1. Gold Trip a winner on many fronts

Matt Tripp, founder of start-up bookmaker Betr became the talk of the Cup after offering 100-1 odds on every runner in the race. Betr is 33% owned by Rupert Murdoch’s News Corporation.

Todd Buckingham’s listed wagering company Betmakers Technology Group provides the wagering technology platform for Betr. Tripp is an adviser and shareholder of Betmakers. Buckingham is also part-owner of Cup winner Gold Trip.

Betr is said to have faced a payout of tens of millions of dollars if favourite Deauville Legend won. But Gold Trip under his big weight of 57.5 kilos took the prize. Although Betr will face a hefty payout on the winner, Tripp’s promotional offer is said to have delivered a huge database of customers to Betr.

2. Rates up again.

The Reserve Bank has lifted rates by 0.25% to 2.85%, the seventh hike since May, and warned further increases could be needed to tame inflation, now expected to peak at 8% this year. JP Morgan’s chief economist said this increase was fully expected.

3. Stop blocking the skyline!

Regulations already enacted in London could be adopted to protect skyline views of Sydney’s famous landmarks including the Opera House and Harbour Bridge.

Views of Sydney’s natural and under plans being considered by the state government’s heritage advisers. The Barangaroo project west of Sydney’s CBD has come under scrutiny after the state government ordered Infrastructure NSW and developer Aqualand to reduce the size and height of buildings at the final portion of the site to be redeveloped.

4. Good news is bad news for stocks

Stocks tumbled yesterday on Wall Street as a new month of trading commenced, and CNBC says “…traders assessed better-than-expected economic data and what it spells for Federal Reserve policy going forward.”

The good news was that September job openings showed a resilient labour market. The news heightened fears that the central bank may keep its aggressive stance of 0.75% rate rises as it fights to tame high inflation.  “Anytime you get good news, the market doesn’t like it because it just means that the Fed is probably going to be tightening more and potentially for longer,” said Randy Frederick, managing director of trading and derivatives at the Schwab Centre for Financial Research.

5. Gambling warnings on ads to be upgraded

The SMH says: “Online wagering companies will be required to ditch the phrase “gamble responsibly” by March next year in favour of new taglines that prompt gamblers to consider the consequences of losing a bet.”

Up to seven taglines will have to accompany gambling ads e.g.:

1. Chances are you’re about to lose.

2. Think. Is this a bet you really want to place?

3. What’s gambling really costing you?

4. What are you prepared to lose today? Set a deposit limit.