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By Special Agent · Posted
I don't think any idea is a bad one. You have to start somewhere. Young people are the future and here's one way of tapping into that market. There will be many more waiting to be found if you look. I'd give these guys a bouquet. -
By Special Agent · Posted
Several consortiums have not been successful in CD. On that basis consolidation of assets and funds is a scary thought for any club which has been a part of the failed consortiums. The thought of similar types running these concepts one can only believe it a matter of time until further downsizes will be necessary when the well runs dry. -
excellent advice Chief. It's gotta be for the love of horses for sure, and not 'Win some money' interest. But there's still some that do , and would love to race a horse. Well that's what it all amounts to in the end really . My best mate bought into a thoroughbred Filly yearling with a big time Victorian syndicator. His first horse. About 6 years ago. Wanted a 20th share because at that marker you get your name in the Racebook. (up to 20 names as listed owners) . I imagine that would be the same in NZ. His horse got to start as a 2 year old as well . 17 starts for 3 wins in the end of 4 year old racing career, including a Flemington and MV win and a Group 3 3rd placing at Caulfield. Initial buy-in was $3,500 for the 20th share. and with on going fees and whatnot the prizemoney was come and gone and it was a break even venture. she was Sold off at the broodMares sale they have every year GC for 200k odd . (same where Melody Belle went ) After all the sale fees and cuts for managers/trainers and that , was just a 'break even' venture. Even though horse seemed above average. so all in all , only made money off punting it he reckoned, and feels had No say whatsoever on Where it ran , and things like that , even after writing to the Syndicator. so was put off with the minor conflicts, and is not going to race another one at any stage now.Too much of a just a lack of control with your money. might as well just have a punt. Felt he had as Much ownership as 'Just a Punt every time it starts' as you suggested . (and a ticket to the birdcage photo if it won lol.) + 3 race-win photo's on his office wall. I raced Pacers straight out ownership in the 90's ,(or had some in half shares) so could pick drivers , where they started etc. especially enjoyed prepping them myself , as ended up getting 3 mates their race driving licenses in the end , to have a bit of fun in some country races , with the slow horses. was great to have your sport as hobby work. The 'Baker' mate won a few and was pretty good. cooked a few though as well 🤣 . My best man (a 'welder') was ok and helped a lot with the training , more so than race driving , where he would stick to the fence a lot 🤣 . The 'Carpenter' was a dead loss. he Put the hammer down in the races far too early most of the time 😂 and was always nailed in the home straight lol. Don't think he ever won a race actually. -
All very good advice and very best of luck to them all, but that's not what these FRAC type syndicates are. -
Chief, it may be that the money comes out of and back into individual accounts, but it is the same! OTG is one entity that is doing the wagering, and not the individuals! The reality is that if the so called investors were wagering on the same bet individually then the odds would be slashed by the Bookies with the amount being outlaid! The truth of the matter is OTG are getting all the favours from the NZ TAB and are not having any limits or restrictions that some loyal punters have placed on them! Just is totally ethically and morally wrong that they show favouritism to their employees and yet others are stopped from taking some bets at all and restricted to low amounts on all others!!! Treating punters unequally is just so wrong in this day and age and they should not be allowed to get away with it, and need to continue to point this out!
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