No Deductions to cease

[Pete Lane]

We introduced No Deductions to our customers in August 2022. While it’s been a popular promotion with some customers, we’ve since offered new exciting generosity tools and options in the last six months.

It’s important we review our products and offerings and take onboard feedback from the Racing Integrity Board. As a result, we’ve reassessed offering No Deductions and will bring the promotion to an end on 31 December 2024.

From 1 January 2025, deductions will apply on all TAB fixed odds Final Field win and place markets for race meetings.

Punters Promise remains part of TAB’s offering. With Punters Promise, TAB customers can win a minimum of $2,000 when they place their first fixed odds win bet on a New Zealand race.

[Tragedy Beat]

Great. Another way to screw us over.

[aquaman]

looks like bonus bets have been down sized to. Also they have introduced an apatheid system on both platorms, TAB, and this new Betcha. They are flat out in reverse gear.

[Huey]

This is disappointing news.

[Trojan]

1 hour ago, Pete Lane said:

It’s important we review our products and offerings and take onboard feedback from the Racing Integrity Board.

Obviously the RIB betting analyst is doing some work and suspects late scratchings are a deliberate manipulation of the market.

Perhaps the RIB might provide feedback on the silly head to head bet offerings.  There have been cases where the two horses in a head to head have finished down the track.

Edited 3 hours ago by Trojan

[Pete Lane]

4 minutes ago, Trojan said:

Obviously the RIB betting analyst is doing some work and suspects late scratchings are a deliberate manipulation of the market.

Perhaps the RIB might provide feedback on the silly head to head bet offerings.  There have been cases where the two horses in a head to head have finished down the track.

I think they've been hit by trainers accepting for multiple races on weekdays.

Definitely open to manipulation.

[Murray Fish]

47 minutes ago, Trojan said:

Obviously the RIB betting analyst is doing some work and suspects late scratchings are a deliberate manipulation of the market.

And this info will be made public to the mug punters?

[Tragedy Beat]

Theyve been nailed by people attacking non-deduction fixed odds trifectas too. Over a month ago I saw punters climb into a Mooney Valley race on the Saturday. Three of the runners started the night before so were a no show for Saturday. Taking a healthy boxed tri on the 5 horses left over (and the two favs were involved in the scratchings) meant that punters were going to make ample returns no matter what the result. Another group did straight win bets with the 5 runners, moderating their punts to the order of favouritism for each horse (ie: piling more on the lower divvy horses, less on the outsiders, etc). 

They cleaned up.

[curious]

22 minutes ago, Tragedy Beat said:

Theyve been nailed by people attacking non-deduction fixed odds trifectas too. Over a month ago I saw punters climb into a Mooney Valley race on the Saturday. Three of the runners started the night before so were a no show for Saturday. Taking a healthy boxed tri on the 5 horses left over (and the two favs were involved in the scratchings) meant that punters were going to make ample returns no matter what the result. Another group did straight win bets with the 5 runners, moderating their punts to the order of favouritism for each horse (ie: piling more on the lower divvy horses, less on the outsiders, etc). 

They cleaned up.

Isn't that just a case of the bookies getting their pricing wrong as they will continue to sometimes do?

[curious]

1 hour ago, Pete Lane said:

I think they've been hit by trainers accepting for multiple races on weekdays.

And weekends?

[Pete Lane]

7 minutes ago, curious said:

And weekends?

Probably to a lesser extent. The Wednesday northern galloping meeting always seems to have heaps of dual acceptors.

Edited 2 hours ago by Pete Lane

[Tragedy Beat]

9 minutes ago, curious said:

Isn't that just a case of the bookies getting their pricing wrong as they will continue to sometimes do?

Theres bugger all an odds setter can do when a horse is a dual acceptor within 24 hours and have not been scratched for the following day. 

[Tragedy Beat]

A select few find a loophole and take advantage of it and spoil things for the rest. Symbolic of NZ society really.

[Wingman]

We are lucky it lasted this long and that they are keeping the promo going until end of next month. I had a really good collect prior to Entain and thought it would be a gone burger relatively quickly. Not so, the old TAB stayed with it and current owners have to now kept it going, so fair play to them 

[Murray Fish]

49 minutes ago, Tragedy Beat said:

A select few find a loophole and take advantage of it and spoil things for the rest. Symbolic of NZ society really.

 

Isn't that how capitalisms is meant to work? on the surface!  not in reality of course! Especially so in the 'neo liberal', area!  

 

I'm always rather amused around propaganda of  'doing what is right for nz racing'! Punting to me very much  falls into the heterogeneous camp, it's all about  a group of punters all competing to win! (I could add with the hou$e often holding a rather vulgar advantage!)

 

What was that old propaganda slogan that was in vogue not so long ago?  "You know the odds now beat them!"

[Tragedy Beat]

Yes but the odds being deducted because I was smart by looking at the weather forecast 48 hours out isnt really encouraging me to do any decent study in future. I may as well not have a punt because Im going to fall into the category of "When you win you lose".