Jump to content
NOTICE TO BOAY'ers: Major Update Coming ×
Bit Of A Yarn

NZ TAB bend over for THE BOYS GET PAID


Thomass

Recommended Posts

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.

Link to comment
Share on other sites

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...

  • Like 1
  • Champ Post 1
Link to comment
Share on other sites

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...

  • Like 1
  • Champ Post 2
  • Haha 1
Link to comment
Share on other sites

  • 2 months later...
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?

Link to comment
Share on other sites

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.

  • Like 3
Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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.

  • Like 1
Link to comment
Share on other sites

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?

Link to comment
Share on other sites

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.

 

 

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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?

Link to comment
Share on other sites

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!

  • Like 1
Link to comment
Share on other sites

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......

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...