Agent54

Simpleton clearly. You have been given the answer but can't comprehend it.

Brodie, stop digging a bigger hole for yourself. It's getting embarrassing.

What restriction do you have with the NZTAB?

Will you be there Thomas to ask him some questions?

Poor Brodie, he's been given the figures but still cannot work it out.

Are you suggesting the TAB aren't being honest in applying the deduction formula? Otherwise, surely you can work it out for yourself. Using my bet above, (Expected collect minus actual collect) =800-480 equals 320. Then you divide 320 (the difference) by 800 (the expected collect) which equals 40, so you know the price must have been 80 (as per the formula) divided by 40 = $2.

Did anyone else watch the debate in Parliament yesterday on the Racing Reform Bill? So called friend of the industry, National MP, Ian McKelvie talked about the Racing Season commencing on 1 July. The overall lack of knowledge from some MPs was embarrassing.

Won by a head that night not 6 lengths like you said.

Yes it is harder than you think. Here is why. Races at Addington Friday night. You back a horse Thursday evening paying $10. Straight after you backing it the bookies react and move it into $9. Friday morning a horse is scratched paying $8. (Equates to a 10% deduction as per rules). The bookies move the horse you have backed into $8 now. I back the same horse as you at Friday lunchtime at 8s. The $2 favourite for race injures himself on way to races and is late scratched. (Equates to a 40% deduction). The horse we both backed wins. Your $100 FFW bet returns $1000 according to your ticket but after the deductions of 50% (10% + 40%) you receive $500. My $100 FFW bet was supposed to return $800. But I cop a 40% deduction so only get $480. Hence you can see how confusion would reign trying to notify every punter of every deduction in every race. Your deduction was different to mine yet we both backed the same horse!