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How to spend $20 on the Ballarat Cup Final
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Ruby shines in Association Cup heats
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Daily Mail: Boy, what a Ballarat Cup Final
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Punt Drunk: The greatest field of all time?
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Horse Racing History: Today in Racing 8th April
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Start critical in big trot at Addington tonight
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Heavyweight Hero hitting his straps
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Hezashadowplaya’s victory a tonic for Teaz
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Former Kiwi adds intrigue to Oaks
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Timing perfect for back-up Queen
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Weight right for Stockman in Sydney Cup
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Gypsy Goddess to lap up Oaks distance
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Manning fillies tackle Riccarton feature
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Freedmans secure promising Kiwi filly
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Mr. Audacious scratched from Ballarat Cup
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so you do understand,as you say "when funding decreases so will your prizemoney.Just a normal progression" so really the difference with your view and my view is not related to how much money hrnz have to spend. its you see no problem with HRNZ spending up now,keeping prizemoney up now,then when they tapped their reseves just decrease prizemoney.Thats what you said above anyway. So i think your thinking exactly like those in charge at hrnz. Only difference between you and them is some of those at hrnz will have an exit strategy when the funding decrease happens whereas you will still be supporting harness racing.. in effect thats a strategy which limits negative impacts on harness racing people now,but substanially increases the negative impacts later. Whereas my opinion,and that of many others is,HRNZ shouldn't be diminishing their cash reserves at the rate they are,as therewill come a point when stakes will have to be cut,and undfortunately they will need to be cut to levels which will result in less particpation across the industry which will send nz harness racing in to a steep decline which, they will never fully recover from. its like someone is leading a life where they have a job that pays ok and they can afford the costof living ok, and put aside some money in the bank.Then they find out they've been taken off contract and put on an hourly wage ,the effect of which is to cut their income where their outgoings excede their incoming $.That person has 2 main choices,cut out their excess spending and use the money in the bank to maintain a reasonable living,or the 2nd alternative of making no cuts to their spending,use discretion as to when they use some of the money they have in the bank, until it runs out. The person who kept spending,day of reckoning come far quicker that the person who didn't. Andlife is tough when it happens. -
I don't think anyone is duping me gamma. i'm of the understanding that when bookies suffer big losses on runners on the ff book ,e.g.moonlite blood ,that means they will most likely have suffered a loss on that race.And if you have a run of well backed ff favorites winning at a meeting,that means the bookies will not be generating much of a profit,if any on the races where well backed favorites win. so theoretically,hrnz may have put on a race meeting,pay out x amount in stakes,expecting to receive x amount of funding from the tab for that meeting,but end up getting next to nothing,because of how the profit/loss ff betting turned out,no matter what the turnover figure. Of course i realise the bookies will turn a profit in the end,but that profit varies and that impacts the amount hrnz receive from the tab for funding. Thats how i understand ff betting/funding from, works.
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By Murray Fish · Posted
it starts at the 26.50 mark -
By Nowornever · Posted
Big businesses prioritize the interest of shareholders unfortunately and that revolves around maximizing profit. Banks are a prime example. They could choose to not make as much money as they do, but instead choose to screw over customers in the pursuit of more profits. -
They are too obsessed with the damn yield! Do the successful big retail business worry about yield as much as turnover? They want turnover snd that is what drives successful business, you get people coming to your business and you make profit! Without enough people coming to your business then you wont make profit! Many of the successful businesses have loss leaders but that is why they get people to their business as they make money on all the other bits! Just as the TAB should be acting! Continue to drive punters away and u have no business, end of story
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