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Bit Of A Yarn

BGP?


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19 minutes ago, Newmarket said:

Yeah, sorry thought it was 50% of your money back. 
Seems there is some confusion on bets, this was posted on the TABs BGP site. Did they change the bet?

IMG_8428.jpeg

He said on Trackside they got half their money back.  Didn't they also take a combo offer Orchestral Top 6 with something else?

I guess the way it's written it seems to be $1.50.

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1 minute ago, Chief Stipe said:

He said on Trackside they got half their money back.  Didn't they also take a combo offer Orchestral Top 6 with something else?

Some are saying they only received 50% of their invested money, some are saying they made 50% on invested money, I have no idea. 
Not sure if they changed a few bets and they were not updated on TAB, or what. But plenty of confused punters out there….for mine surprised so many are moaning, most would have only contributed a few bucks. I wasn’t in it, but go the BGP team, anyone that can get 850 to the races deserves the kudos 

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7 minutes ago, curious said:

They got back 1/2 their original investment, not a 50% profit.

7:30pm
Total bets placed: $1,908,323.15
Starting balance: $1,196,647
Current balance: $598,323.50

What about the $599k bet on winner in last race? 

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7 minutes ago, curious said:

They got back 1/2 their original investment, not a 50% profit.

7:30pm
Total bets placed: $1,908,323.15
Starting balance: $1,196,647
Current balance: $598,323.50

A win for Entain even after all the concessions given.  BGP will always struggle to make a profit by having multiple bets in every race.

I think on a couple of occasions they were betting against themselves.

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21 minutes ago, Chief Stipe said:

A win for Entain even after all the concessions given.  BGP will always struggle to make a profit by having multiple bets in every race.

I think on a couple of occasions they were betting against themselves.

Yeah your are right Chief. I’m not knocking them at all as they can run there punters club how they like bit there did seem to be a couple of strange bets at times. 
 

Ronaldo has the right attitude about it, an afternoon’s entertainment and half your money back isn’t a terrible result. 

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40 minutes ago, Taupiri Wonder said:

That bet was Orchestral TOP.4 & Talisker TOP.6 

So LOSING BET

Yes, I see it was changed. Look at screenshot I pasted, $599k on the winner of the last at $3.60? That is what everyone is asking about, seems some are saying TAB wouldn’t take that bet on… so changed to what you posted. 

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2 hours ago, holy ravioli said:

JMac...what a horseman.....love the way he gets horses to settle and come with the winning...run.👍

Both the big races today.

Helps to be on the best horses I guess, how did the other top aussie riders go.

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Michael Guerin says that Boys Get Paid started with $1.2m and lost $600,000. Then he says most who played along lost $30. I suspect that calculation is done by taking $600,000 and dividing it by the 17,000 BGP membership number ($35/member). I doubt all the members took part in their punters club. I think the loss per member in the punters club was therefore considerably more than $30. 

Guerin also says no punters were significantly harmed in the making of this noisy circus at Ellerslie. I take issue with that claim as well. Many of the BGP members are betting big and talking big. The frienzied atmosphere encourages others to do the same (bet to excess). These people are betting on every race. Their punters club ticket money is not the only money they are putting through the chaff cutter.

Guerin needs to keep his fingers crossed that no one involved in the regulatory oversight of responsible gambling ever ventures into their BGP room. If such a person were to walk over to where money is being withdrawn with EFT-POS cards, they will see the same people coming back time and time again for more money. I hazard a guess that more than a few of them are losing their shirts.

I remember a trainer's wife, one who didn't like horse racing, telling me that those involved in racing start out in love with horses. Then if becomes all about the money and they couldn't care about the horses. I think BGP short circuits this process and its all about money and betting right from the start.

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