Yes he was damn good footballer. Yes he can have a punt if he likes. What he can't do is have a punt on AFL games. Those rules were pretty clear. To disregard those rules at best shows he is a bit of an idiot and at worst shows a total disregard and respect for the Club.
And regardless of what you say, the fact remains the Club looked after him at the time.
I like how you forgive the sins of some whilst condemning others for theirs.
The only Milo I know of comes in a green tin.