curious Posted December 6, 2024 Share Posted December 6, 2024 (edited) I know of horses holding noms for early entry races that are either dead, injured and out of training or being exported, all definite non-runners in those races. Yet, the TAB is merrily taking bets on them in those all-in markets. Is there any obligation or rule requiring connections to withdraw them in those circumstances? Edited December 6, 2024 by curious 2 Quote Link to comment Share on other sites More sharing options...
Trojan Posted December 6, 2024 Share Posted December 6, 2024 7 minutes ago, curious said: I know of horses holding noms for early entry races that are either dead, injured and out of training or being exported, all definite non-runners in those races. Yet, the TAB is merrily taking bets on them in those all-in markets. Is there any obligation or rule requiring connections to withdraw them in those circumstances? I would have thought that the dead and exported would be reported by NZTR. What is more concerning is those horses where the Trainers have made in clear in a news report that they are not going to a particular race yet are still high in the market. I know a couple that are in that space at the moment. I heard recently one owner saying that a certain Journo and the bookies knew about a high profile withdrawal from a race BEFORE the owner did! Quote Link to comment Share on other sites More sharing options...
curious Posted December 6, 2024 Author Share Posted December 6, 2024 Yes. You have one month to file a death or retirement notice with NZTR though and it is not enforced. Horses being exported are only reported to NZTR when the export application is sent for clearance. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted December 6, 2024 Share Posted December 6, 2024 7 minutes ago, curious said: You have one month to file a death or retirement notice with NZTR though and it is not enforced. Not even under the new cradle to the grave policy? Quote Link to comment Share on other sites More sharing options...
curious Posted December 6, 2024 Author Share Posted December 6, 2024 4 minutes ago, Chief Stipe said: Not even under the new cradle to the grave policy? I mainly meant that the time frame is not but they have a large number of unreported retirements and deaths still according to the Welfare reports. It's hard to monitor until a horse has been un-raced for a year or something. Quote Link to comment Share on other sites More sharing options...
mikeynz Posted December 6, 2024 Share Posted December 6, 2024 Futures markets as they are a con, if horse don't start you should always get a refund. 2 Quote Link to comment Share on other sites More sharing options...
Bid Posted December 7, 2024 Share Posted December 7, 2024 7 hours ago, mikeynz said: Futures markets as they are a con, if horse don't start you should always get a refund. Why? That's the point of futures, take big odds but take the risk of the horse not even making it to that race. 2 Quote Link to comment Share on other sites More sharing options...
Doomed Posted December 7, 2024 Share Posted December 7, 2024 2 hours ago, Bid said: Why? That's the point of futures, take big odds but take the risk of the horse not even making it to that race. Didn't people happily take $1.50 for a horse that didn't even start in the NZ Trotting Cup? A fool and his money very easily parted... 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted December 7, 2024 Share Posted December 7, 2024 2 hours ago, Bid said: Why? That's the point of futures, take big odds but take the risk of the horse not even making it to that race. Theoretically but rarely do the TAB price favourites at value to compensate for the risk. Quote Link to comment Share on other sites More sharing options...
curious Posted December 7, 2024 Author Share Posted December 7, 2024 87 in the NZTAB pre-nom market for the 2025 Melbourne Cup. Many of which will not even be nominated and most of which won't actually start. Quite possible that the winner is not even in the market. 1 Quote Link to comment Share on other sites More sharing options...
mikeynz Posted December 7, 2024 Share Posted December 7, 2024 10 hours ago, Doomed said: Didn't people happily take $1.50 for a horse that didn't even start in the NZ Trotting Cup? A fool and his money very easily parted... Maybe rhe TAB should have offered 4 bucks, might have dragged a lot more optimist in. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted December 7, 2024 Share Posted December 7, 2024 8 hours ago, curious said: 87 in the NZTAB pre-nom market for the 2025 Melbourne Cup. Many of which will not even be nominated and most of which won't actually start. Quite possible that the winner is not even in the market. I thought it was money back in the Futures market if your selection wasn't nominated? Quote Link to comment Share on other sites More sharing options...
curious Posted December 7, 2024 Author Share Posted December 7, 2024 17 minutes ago, Chief Stipe said: I thought it was money back in the Futures market if your selection wasn't nominated? Correct. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted December 7, 2024 Share Posted December 7, 2024 1 hour ago, curious said: Correct. So the punter isn't getting ripped off in the Futures market. Helps Entains interest on their bank account. Quote Link to comment Share on other sites More sharing options...
curious Posted December 7, 2024 Author Share Posted December 7, 2024 35 minutes ago, Chief Stipe said: So the punter isn't getting ripped off in the Futures market. Helps Entains interest on their bank account. Yes, but not their turnover or profit if they are holding on to money that is not going to be lost. Quote Link to comment Share on other sites More sharing options...
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