the galah Posted April 16 Share Posted April 16 (edited) 1 hour ago, Rangatira said: The launch of Punters Promise landed with a simple email from the TAB, understandable as it will affect only a small percentage of those who bet on New Zealand racing. It hailed the end of frustrating restrictions for winning punters, which often meant punters were restricted to winning a few hundred dollars, even less, on racing and sporting events when they were trying to place bets to win much more. Punters Promise, a self-imposed new minimum win limit imposed by the TAB themselves, means any customer betting on their TAB account is allowed to win a minimum of $2000 in a single fixed odds win bet on any New Zealand horse or dog race. Most people will never bet to that level nor should they. Most importantly, punters should find their own level and with racing being an entertainment for most they should treat betting the same way they treat going to the movies or out for dinner: money traded for a good time. But there are a small percentage of punters who take betting more seriously. They like to invest more and have the disposal income to do so, and there are plenty of racehorse owners who want to back their own horse for more than the restricted amounts which is an important lure of actually owning a horse. These punters, should they win even semi regularly, are often inhibited by restrictions that are incredibly frustrating and make them fume at the TAB. Of course the TAB isn't alone in restricting winning punters, it is standard practice in the bookmaking industry worldwide, and while the ethics of letting people lose as much as they want but only win set amounts are questionable, because most punters don't win over an extended period the restrictions don't affect them. But the punters it does affect tend to be the bigger, more regular punters and the TAB restrictions here, which reached farcical levels as the new website and betting framework were bedding in, have now been relaxed. The $2000 minimum fixed odds win limit, with the option to bet again at the readjusted price, is up with the best in the world, especially considering the smaller size of the New Zealand gaming market and the TAB should be congratulated for make the change of their own accord. It is a good thing. A very good thing. Punters promise. Interesting to read it only applies to nz races and for a win bet. The last time i had a bet restricted,just before i closed my account a few months ago,was when i tried to put $20 ff for a place on a dog running in a non win 350m race at goulburn,nsw. The $14 profit a bit big for them to handle as it turned out. And i hardly ever bet on the aussie dogs,let alone made money on them,but they stopped me having that bet.Shame as it ran somewhere. Always the way. Edited April 16 by the galah 1 Quote Link to comment Share on other sites More sharing options...
the galah Posted April 16 Share Posted April 16 (edited) 2 hours ago, Gammalite said: Well it's like biting the hand that feeds you. Brodie has already made a lot of money from the TAB and just wants to continue getting BIG helpings like he once did. There are plenty of folk that once did. But forgets that the TAB has been his friend and 'fed' him in the past , and there's a LOT of other dogs in the Pack that need a feed as well. I appreciate their efforts. The QLD TAB even miraculously keeps Tasmanian Harness racing going. Even though it has really 'Gone To The Dogs ' 😅🤣 (a lot of the equine participants are even fed to them down there , when they can't run any faster anymore 😪) The FEEDer (the TAB or casino) is going to give FAVOURITISM to the dogs like Packer and BGP who come in and have a good regular feed and bring lots of Food (money) with them.... like on a jolly good Picnic. they will be played with and give lots of fun and joy chasing the Frisbie cash. Some folk just want to take them to the cleaners (take as much food as they can) and close down anything racing that is of No value. i.e. that you can't get a bet on or whatever. even though a few of us make/made a living from the great sport. I agree with the biting the hand the feeds you,but funnily enough think its the other way around from what you mean. Take me for example. I no longer bet much.I no longer have an entain/tab account and never will again. Why,well it was a consequence of a tab policy they implemented. I was never restricted on nz harness. I think that was because they recognised i was a smaller % of a syndicate that generated large tote turnover. But also because they knew that my ff bets were never large,mostly around $20. The policy they implemented did save themselves money on the ff payouts ,but not much,but cost themselves far more in % of take from $ no longer spent on the tote.I've explained how the policy they implemented worked previously. Thats why i say,its entain that has bitten the hands of many who have fed them. I'm certain i'm not the only one with a similar story. Also,you know you ring up the tab/entain and you say to them,hey this thing your doing,can't you see how much tote turnover you are losing because of that. And their answer,well yes,but the bookies do their own thing and they are the ones in control of the policy.Then they come back to you and say,hey we spoke to the bookies,they aren't going to change. You know how forrest gumps mumma came up with that "stupid is as stupid does" quote? She used to have an account at the tab. Edited April 16 by the galah 1 Quote Link to comment Share on other sites More sharing options...
Nowornever Posted April 16 Share Posted April 16 1 hour ago, Brodie said: Ladbrokes Australia are owned by Entain as I understand it so wont be any favours from them as I already know! Yes Ladbrokes are not interested in letting you have any profit at all and just give you a straight out ban after a couple of collects. I am surprised they have any customers at all they are that bad on banning people. 1 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted April 16 Share Posted April 16 6 minutes ago, Nowornever said: Yes Ladbrokes are not interested in letting you have any profit at all and just give you a straight out ban after a couple of collects. I am surprised they have any customers at all they are that bad on banning people. Experienced that as well! You cant really call them Bookmakers as such, pretty gutless! The thing is that they are going to stop the bigger investing punters as it is not worth their time! Yes they only want people that arent really taking the punting seriously, but those punters eventually dont have the money to invest or they move on! Reality is that new punters that are going to bother wagering on racing especially harness is going to be fewer and fewer. Personally do not think I know anyone in the past decade that gave just started punting on racing and I am sure this is true with most on here. TAB/ Entain need punters whereas I dont need Tab/Entain? 1 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted April 16 Share Posted April 16 We should all have some sympathy for @Brodie. Gone are the days where he had a new Bentley every two years, 4 overseas trips a year to warmer climes - Brisbane, the Maldives, Monaco and any number of other places, a 30 day penthouse cruise and a few shopping trips to Melbourne with the bride coinciding with major sporting events. All funded through his TAB place betting. Thankfully his children managed to get through university without student loans before the mongrels at the TAB put the restrictions on his betting. But it isn't too bad he isn't means tested for his Super and he managed to coset a tidy sum from one big collect into his Kiwi Saver account at Milford. Personally I think the TAB should do what the Casinos do with big winners and ply @Brodie with 100yr old single malt whiskey delivered by young ladies and free penthouse room. Get him addled and get all his money back before the grandchildren put their hooks in. 1 2 Quote Link to comment Share on other sites More sharing options...
TAB For Ever Posted April 16 Author Share Posted April 16 18 hours ago, Gammalite said: Mate , casino's do it all the time. Like a TAB they work on collecting the gambling dollar. A 'loaded up patron ' could walk in feeling lucky and have a plonk of $5000 on the 'Red' and then just walk out again with an extra $5000. The Casino (and the TAB) DO Not want this to happen. Therefore all the table Plays have limits. All the patrons are restricted. $500 in one go I think it is/was. with a working scale depending on what the odds are and potential payout is. Customers that work out a system are often watched for. some aren't even allowed to play Black Jack and assorted things like that. Your systematic betting record is obviously going to Attract attention. you are /were trying to put large amounts on , in one go. and apparently had very large collects. No wonder they ran to the hills to get away from you mate !! you need high roller treatment. Join a Punter group that is ALLOWED to put the Large Bets on. I joined a Saturday Group once (a six month contract ) that was allowed to put HUGE bets on . I actually received a 'Portfolio' of all the bets being placed on the Saturday on behalf of the 1000 or so member. main advantage was you had heaps of bets on without doing any study whatsoever. main disadvantage was you couldn't pick anything yourself and a few of the bets seemed no chance, and were heavily Gai Waterhouse favoured as well 🤣😂 so after the 6 months it becomes stale not picking them yourself ( A PGB problem for sure) and isn't as much Fun. But no way would a 'Single Entity' get those Bets on, without being known to the betting agency as a regular Gamma , Your opening scenario happened once in a Rugby Club Fundraiser...a Gambling night. Very early on someone simply unloaded on the red or black with a huge bet before the Amateurs running it realised and the Rugby club was cleaned out . The club struggled to get back to even on the night and it was a disaster ! Future years introduced strict rules and limits ! Quote Link to comment Share on other sites More sharing options...
Brodie Posted April 16 Share Posted April 16 Casinos do have table limits, we all know that! I have no problem with that at all! Everyone has to abide by that limit, and therefore everyone is treated EQUALLY!! This is not the case with the TAB, and this is my continued point I am making! Everyone is NOT treated equally, some are treated favourably and can get anything on and others are victimised and heavily restricted! Quite the opposite of Casino’s!! 2 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted April 16 Share Posted April 16 2 hours ago, TAB For Ever said: Gamma , Your opening scenario happened once in a Rugby Club Fundraiser...a Gambling night. Very early on someone simply unloaded on the red or black with a huge bet before the Amateurs running it realised and the Rugby club was cleaned out . The club struggled to get back to even on the night and it was a disaster ! Future years introduced strict rules and limits ! Run by amateurs. Quote Link to comment Share on other sites More sharing options...
Gammalite Posted April 16 Share Posted April 16 3 hours ago, TAB For Ever said: Gamma , Your opening scenario happened once in a Rugby Club Fundraiser...a Gambling night. Very early on someone simply unloaded on the red or black with a huge bet before the Amateurs running it realised and the Rugby club was cleaned out . The club struggled to get back to even on the night and it was a disaster ! Future years introduced strict rules and limits ! hahaha. it was probably you ya bugger 😂 . always quick off the mark like a good standing start horse. kiwi ingenuity at work 😁😉 Quote Link to comment Share on other sites More sharing options...
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