Thomass Posted December 5, 2018 Author Share Posted December 5, 2018 54 minutes ago, Chief Stipe said: Do you support the Racefields legislation? I support anything that's fair to all.... ....and the NZ Punter is getting screwed.... ..that's where it begins and ends 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted December 5, 2018 Share Posted December 5, 2018 Just now, Thomass said: I support anything that's fair to all.... ....and the NZ Punter is getting screwed.... ..that's where it begins and ends Well Racefields legislation won't help the NZ punter. The issue in my opinion is the NZRB have not responded well to competition instead are trying to enforce or reinforce a legislated monopoly. What they have done is price their product out of the market and they attempt to ameliorate this position by offering discounts to large customers. Many industries offer discounts to large customers the difference is the market generally makes sure the base retail price is competitive. Quote Link to comment Share on other sites More sharing options...
Thomass Posted December 5, 2018 Author Share Posted December 5, 2018 Racefields includes allowing EVERY punter on for a minimum bet... Greater for Metro and on course Bookies We need that asap...including Bookie competition 1 Quote Link to comment Share on other sites More sharing options...
curious Posted December 6, 2018 Share Posted December 6, 2018 5 hours ago, Thomass said: So you don't think NZ Punters should be guaranteed a minimum winning bet... ...as Australian Punters are? No. Why? The market should rule. Are you a leftie looking for more free handouts? Quote Link to comment Share on other sites More sharing options...
Thomass Posted December 6, 2018 Author Share Posted December 6, 2018 19 hours ago, curious said: No. Why? The market should rule. Are you a leftie looking for more free handouts? Do you even know what you're talking about re "minimum bets" Genuine bookmaking has long since departed the scene Its an utter disgrace the TAB is allowed to 'advertise' these big bets... ...indicating their 'business' is an open market... ...but when they lose...they ban the winners So it's ok to lose 20k...but as soon as you win...you're banned Theres a law against that... 1 1 Quote Link to comment Share on other sites More sharing options...
Thomass Posted December 6, 2018 Author Share Posted December 6, 2018 On 6/12/2018 at 9:27 AM, Horseboy said: Didn't they bet through the tote? Why would the tab restrict that if they did and how was that different from any other on course betting syndicate like punter of the year? "We all got suited up and head for the Auckland Racing Club to their Karaka Millions race evening where we set out to break the bookies." They got a return of @140k if I remember Theres no way they should be receiving preferential treatment... No wonder NZ Punters have buggered off... 1 2 1 Quote Link to comment Share on other sites More sharing options...
Newmarket Posted February 10, 2019 Share Posted February 10, 2019 According to article in The Informant, seems they want a % rebate from bets they generate on course? What do you reckon? Quote Link to comment Share on other sites More sharing options...
Rusty Posted February 10, 2019 Share Posted February 10, 2019 During the live Facebook stream during Karaka night, at least one attempted bet was turned down and not accepted by the TAB. And they call themselves "bookies". 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 10, 2019 Share Posted February 10, 2019 1 hour ago, Newmarket said: According to article in The Informant, seems they want a % rebate from bets they generate on course? What do you reckon? Well that is taken off the club's that provide the venue for the party. Although I don't agree with rebates full stop wouldn't they qualify under the TAB's VIP rebate scheme? Quote Link to comment Share on other sites More sharing options...
Sandpiper Posted February 10, 2019 Share Posted February 10, 2019 3 hours ago, Rusty said: During the live Facebook stream during Karaka night, at least one attempted bet was turned down and not accepted by the TAB. And they call themselves "bookies". Indeed .. I cant even get $100 on an Oaks runner FO Quote Link to comment Share on other sites More sharing options...
JasonMc Posted February 10, 2019 Share Posted February 10, 2019 19 minutes ago, Sandpiper said: Indeed .. I cant even get $100 on an Oaks runner FO You too much of a liability to them, you got them running scared Sandpiper? Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 10, 2019 Share Posted February 10, 2019 5 hours ago, Chief Stipe said: Well that is taken off the club's that provide the venue for the party. Although I don't agree with rebates full stop wouldn't they qualify under the TAB's VIP rebate scheme? I thought that was based on tote volume. Rebates should not be based on volume of turnover. If they are to have them, they should be based on volume of revenue as they generally are in other situations. The more you lose with us, we might consider giving some back to retain you as you are worth a lot to us. Volume of turnover has no relationship with revenue. 3 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 10, 2019 Share Posted February 10, 2019 41 minutes ago, mardigras said: I thought that was based on tote volume. Rebates should not be based on volume of turnover. If they are to have them, they should be based on volume of revenue as they generally are in other situations. The more you lose with us, we might consider giving some back to retain you as you are worth a lot to us. Volume of turnover has no relationship with revenue. I agree otherwise the market price is distorted further and I assume makes it even more uncompetitive for those that don't get the rebate. Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 10, 2019 Share Posted February 10, 2019 36 minutes ago, Chief Stipe said: I agree otherwise the market price is distorted further and I assume makes it even more uncompetitive for those that don't get the rebate. Yep. It's like a buyer going to Harvey Norman and buying 1 million TVs for the same price Harvey Norman buy them at. Then giving that customer a rebate because of the volume (even though HN has made no money from them). And then increasing the price of the TVs to the rest of Harvey Norman's customers to recover the rebate. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 10, 2019 Share Posted February 10, 2019 1 hour ago, mardigras said: Yep. It's like a buyer going to Harvey Norman and buying 1 million TVs for the same price Harvey Norman buy them at. Then giving that customer a rebate because of the volume (even though HN has made no money from them). And then increasing the price of the TVs to the rest of Harvey Norman's customers to recover the rebate. Well from all accounts if BGP get into FOB Sports Betting on the new platform the TAB will be paying them more to punt than they are punting! Actually thinking about it and this might be a dumb thought. Does Paddy Power offer rebates? Or do they just offer a competitive product? What if the new odds feed has a different margin to that which the NZ TAB have been operating to? Will that mean a drop in turnover and or revenue? Or are we tied to the market competitiveness of Paddy Power now rather than setting our own market? Quote Link to comment Share on other sites More sharing options...
Fred Posted February 10, 2019 Share Posted February 10, 2019 6 hours ago, Sandpiper said: Indeed .. I cant even get $100 on an Oaks runner FO Please outline the actual facts -I have never been refused a bet whether it was $10 or $1000 Quote Link to comment Share on other sites More sharing options...
Sandpiper Posted February 10, 2019 Share Posted February 10, 2019 1 hour ago, Fred said: Please outline the actual facts -I have never been refused a bet whether it was $10 or Standing Ovation. The max allowed was $83. Anything over that was 'referred to trader' and declined. I was able to get on ok today tho. Im probably just paranoid they will use the new tech to turn into a bet365. Quote Link to comment Share on other sites More sharing options...
Sandpiper Posted February 10, 2019 Share Posted February 10, 2019 On rebates I guess its a legally fraught area. And rightly so. Id like to see the decision in the clubs hands. They have their cut of turnover and if they want to run promotions or rebates for punters on course go for it. Rebates for online punting I dont agree with because (hypocritically given my derail above) keeping quants out of the pool is a good thing for everyone else looking for value. Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted February 10, 2019 Share Posted February 10, 2019 On 5/12/2018 at 9:21 PM, barryb said: Seriously, do we need this shit on here? Alas, its seems to be getting worse by the week. Greg Quote Link to comment Share on other sites More sharing options...
Flagship uberalles Posted February 10, 2019 Share Posted February 10, 2019 21 minutes ago, JJ Flash said: Alas, its seems to be getting worse by the week. Greg Alas, why are you getting your knickers in a twist over quite a good thread and commenting on something Barry b said 2 months ago? If you're not interested in the content start a thread on a topic you are interested in! 2 1 Quote Link to comment Share on other sites More sharing options...
Brando Posted February 10, 2019 Share Posted February 10, 2019 6 hours ago, mardigras said: I thought that was based on tote volume. Rebates should not be based on volume of turnover. If they are to have them, they should be based on volume of revenue as they generally are in other situations. The more you lose with us, we might consider giving some back to retain you as you are worth a lot to us. Volume of turnover has no relationship with revenue. The take out rate is applied to every $1 wagered on the tote so why shouldn't it be applied to turnover? Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 11, 2019 Share Posted February 11, 2019 4 minutes ago, Brando said: The take out rate is applied to every $1 wagered on the tote so why shouldn't it be applied to turnover? Because they don't take commission/takeout from your bet. They take it from the pool. It might seem the same thing, except it isn't. Quote Link to comment Share on other sites More sharing options...
Newmarket Posted February 11, 2019 Share Posted February 11, 2019 So is rebate from tab or club? I think fairly reasonable request, if they are bringing many to course, getting people to spend on drinks and food, and increasing on course turnover by huge amounts, why not. Just shows what a couple of guys can do with an idea, sadly tab marketing could not have thought of something like this in the last 20 yesrs! 1 Quote Link to comment Share on other sites More sharing options...
Flagship uberalles Posted February 11, 2019 Share Posted February 11, 2019 Are they putting the bet on through a tab account when they are betting on course? I assume they aren't taking cash up to the window or putting it on the visa card? If they are doing it by way of tab account they are entitled to a rebate as they would turnover more than an elite punter would in a year...... in one day...... Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 11, 2019 Share Posted February 11, 2019 2 minutes ago, Newmarket said: So is rebate from tab or club? I think fairly reasonable request, if they are bringing many to course, getting people to spend on drinks and food, and increasing on course turnover by huge amounts, why not. Just shows what a couple of guys can do with an idea, sadly tab marketing could not have thought of something like this in the last 20 yesrs! The club can and should do what it likes. But NZRB should not pay rebates to a customer that doesn't lose money with them. Quote Link to comment Share on other sites More sharing options...
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