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Bit Of A Yarn

BGP?


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8 hours ago, mikeynz said:

BG0 would have done nicely if they had of stuck to just win and top 2 3 4 bets but the TAB will love them.

This is the thing with punters clubs, they seem to want to want multis, and most of them come up short.

There is a reason they get the red carpet treatment.

Possibly TA & OP having a shocker hasn't helped.

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16 minutes ago, Newmarket said:

It seems the word on the BGP page is that they never placed that win bet in the last, was never posted on their BGP site? 
 

Stated that a TAB staffer put on TAB site….which was wrong??? Mmm

It is the same amount at the same price and appears to be the start of the actual bet but incomplete in the TAB post.

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6 minutes ago, curious said:

It is the same amount at the same price and appears to be the start of the actual bet but incomplete in the TAB post.

A better strategy was to stick with the straight win bet on Orchestral.

 BUT, correct me if I'm wrong, but the way I read it the bet didn't they put their entire remaining pool up on the last?  So if they had money left to pay out 50% then it must have come from a TAB rebate.

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5 minutes ago, Chief Stipe said:

A better strategy was to stick with the straight win bet on Orchestral.

 BUT, correct me if I'm wrong, but the way I read it the bet didn't they put their entire remaining pool up on the last?  So if they had money left to pay out 50% then it must have come from a TAB rebate.

No. They had a balance of $1,197,934.88 after the win in the 5th. Then put half that on the Orchestral/Talisker bet in the last which missed.

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25 minutes ago, curious said:

No. They had a balance of $1,197,934.88 after the win in the 5th. Then put half that on the Orchestral/Talisker bet in the last which missed.

Ok cool.  How was the 88 cents derived?  My assumption is it was to do with the $1.01 entry price.

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6 hours ago, Delta Bro said:

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.

I think that's a bit of over reaction. The $30 was based on the average amount each participant invested in the syndicate. $60 in, $30 back. Better than many on course punters clubs.

Back in the days when I used to be a regular racegoer and often spent my days in the members area I would see the members going up to the tote for their dollar each way bet whereas the sponsors guests, on their annual day out at the races, would turn up with their $200 betting money for the day and bet accordingly, because they thought that was what you did. These days that would be like turning up with $2,000 for betting. On the big days at Trentham the only tote window you could get to without a queue was the minimum $10 window.

Once a year punters spend a lot more on the day than regulars, so I wouldn't let it worry you too much.

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6 minutes ago, Doomed said:

I think that's a bit of over reaction. The $30 was based on the average amount each participant invested in the syndicate. $60 in, $30 back. Better than many on course punters clubs.

Speaking of punters clubs.  Is the BGP turnover treated as oncourse turnover?  If so that's a win to the club.

I assume the reason you see Club Committees wandering around oncourse selling punters clubs tickets is because it benefits their oncourse turnover.  A win for the TAB and the Club not so much the punter.

Although it is a relatively inexpensive way of having multiple bets in every race!

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8 hours ago, Delta Bro said:

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.

I heard Guerin yesterday waffling on about his picks yesterday,  seventy percent on this and 30 on that, hard to follow but he did get some wins and as usual some losses too, but did he win more than he spent ?

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On 27/01/2024 at 8:29 PM, Newmarket said:

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 

Yea i got half of my return back. But i guess i was one of the confused punters,as before the last race i checked what they had backed and all i saw initially was that big bet of almost 600k on Orchestral,and then just before they jumped i saw that they did that top 4 and top 6 bet.After the race i checked again and that big bet wasn't there...unless i wasn't looking hard enough. Anyway i can't complain at getting half of my return back and feeling like a big time punter for a day.

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On 27/01/2024 at 8:18 PM, Taupiri Wonder said:

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

So LOSING BET

I saw what Newmarket has posted. The bet was on Orchestral for a win. Why has Talisker then been added at seemingly no advantage odds wise. When one is talking about $1.2M thats serious.

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11 minutes ago, The Centaur said:

I saw what Newmarket has posted. The bet was on Orchestral for a win. Why has Talisker then been added at seemingly no advantage odds wise. When one is talking about $1.2M thats serious.

What was posted online at one stage was wrong.  I was listening and watching the Channel 64 presentation and it clearly was stated that the bet was Orchestral and Talisker in a Top 4 and Top 6 with a "BGP boosted blessing".  So Talisker WASN'T added it was always part of the bet.  The communication was wrong on some channels.  

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On 29/01/2024 at 4:31 PM, The Centaur said:

I saw what Newmarket has posted. The bet was on Orchestral for a win. Why has Talisker then been added at seemingly no advantage odds wise. When one is talking about $1.2M thats serious.

I was viewing throughout on BGP Facebook Live Stream,and the Race 6 Bet Orchestral T4 & Talisker T6 was given approx 10-15min before jump.

Nothing about Win Only x Orchestral

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