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By Nowornever · Posted
The single biggest source of funding for NZ harness racing is wagering. Hence why they try to keep the Brodies of this world away from taking away too much profit. Also why they need optimal field sizes of 10 or more to keep the funding going and not decreasing. -
harness racing clubs aren't generating much revenue profit. It's a fading sport. as in less participants and less betting as you guys have All accurately noted here at BOAY quite often. yes I know Methven does well and returns a profit and has saved funds. excellent for them. I'm staggered the Australian turf Club went into administration as Sydney Racing is still hugely Popular . Betting is big but the betting agencies and the government get that money. the overheads are Huge. track maintenance , security staff , etc. it's a financial nightmare. Some good news is HRV who were $66 million in debt have been backed out by a sale of land. Harness Victoria obviously allocating the funds much more Poorly than HRNZ ever did , had dug a big hole so have sold off a large parcel of land for $100,000,000 to the state government. the additional $44,000,000 will 'Prop up ' there Solvency issues until about the end of 2027. So it's not unlike NZ in a lot of regards. Trying to keep a sport going that has Very low Revenue , compared to the overheads needed to operate it. (Seymour is currently bailing out South Australia himself) and already bailed out Queensland in the past. Revenue is POOR , as you guys often points out. Because it's a POOR betting sport. there's no doubt that even galloping punters are not very keen on it. I went to ALBION Park 2 weeks ago to congratulate some of the guys on their recent NZ exploits and had a bet on a mates horse that was racing on the day as well . It showed on screen there was $500 in the pool when they went out on the track 10 minutes to go 😅🤣 The horse was showing $8 and $3 . so I put $10 ew at the one betting window On-course that was open lol . It Immeadiately dropped to $5 and $2.30 place. ran 3rd. I just laughed how little anyone bets on them, for small bets to drop the divvie' like that . think the trifecta pools are always a little better . Brodster would be hopeless with his place bets lol ? NZ will wind up just like this too. small pools. It's inevitable in a twilight sport sorry to say old chap . and poor numbers participating now. blame HRNZ all you like. They still trying to put races on for All so I admire that effort. even attracted Australian interest the past 3 years now as do a BETTER Job than what we can in Aus. (good effort by some Brissy bloke to re-vitalise the Interdominion for 3 years though bless him 😉😎 ) -
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Yes, lotto limits are online, i only play a few lines each week so doesnt bother me….. You make a good point, if Betcha / TAB were doing their job, anyone having a bad run for a few months should at least be contacted, i know nobody that has been contacted, they are a fraud. Remember Steel Balls, TAB knew he had issues, rumours were well around town and everyone knew he was credit betting…. FFS when the shit really hit the fan he was at a VIP TAB sporting event…. couldnt give a shit as just wanted turnover…. but wow, did the TAB run for cover after it all come out. Only met the guy twice years ago, but always thought he was treated badly by the TAB. Was a guy in Christchurch that was involved in the travel industry which also had issues, have many others. Need to do more, young kids have already been used to playing online games, with some you can buy products to advance…. next thing these guys get to 18yo, start betting on sports… hooked bigtime. -
But you cant compare lotto, majority spend only on the Weds & Sat, so 2 lotto draws. Compare that with hundreds of races each day 24/7, from any desperate track in the world, who cares where.
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