NZRacing Posted December 14, 2018 Share Posted December 14, 2018 a race even though there was no dead-heat. Hawthorne R3 Win pool: $9 Place pool: $8 Quinella pool: $3 Trifecta pool: $8 Total tote bets on race $28 Race 3 the tote paid out on the 2nd horse $3.80 as no win tickets on 1st and Fixed odds paid out on $7.50 on the actual race winner which was paying Zero on the tote. If runners 1 and 2 had of run the quinella the tote would have paid out on the 3rd placed runner for win bets. $28 bet on the race, why are the NZRB bothering taking USA races which clearly the NZ public are not interested in. Anyone taking tote exotic bets on these USA races needs their head read. Its just a desperate ploy for the NZRB to get some much needed turnover and not worrying about the crap exotic dividends that these races payout to their customers. NZ gallop turnover this year compared to same time last year is down 11 million and NZ harness racing is down 5 million. 40 race meetings to bet on yesterday compared to 31 last season for the same day and overall for the season total racing turnover is down compared to last season yet John Allen says the new Betting Platform will have thousands of more betting options to increase millions more in payout to the Industry as well as pay for the tens of millions to pay for the Platform and running of it by Paddy Power. If a punter has $100 allowance to punt in a week more races or betting sport options doesn't increase turnover, if favourites are having a bad run more betting options can actually help to decrease turnover. Poor John Allen his understanding of gambling hasn't improved from the day he started unfortunately. The above shows once again the NZ Racing Industry is in for a huge wake-up call but it may be to late as its already being put to sleep. Quote Link to comment Share on other sites More sharing options...
barryb Posted December 14, 2018 Share Posted December 14, 2018 3 minutes ago, NZRacing said: If a punter has $100 allowance to punt in a week more races or betting sport options doesn't increase turnover, if favourites are having a bad run more betting options can actually help to decrease turnover. Poor John Allen his understanding of gambling hasn't improved from the day he started unfortunately. Your understanding of it isnt the greatest either. Yes the guy might have $100 to punt per week, increased betting options means he might turn that $100 over 5 times instead of just 4, he will lose another 20% more than turning it over 4 times. 1 Quote Link to comment Share on other sites More sharing options...
NZRacing Posted December 14, 2018 Author Share Posted December 14, 2018 Unfortunately figures don't lie and your reasoning has no factual basis to support it. Quote Link to comment Share on other sites More sharing options...
curious Posted December 14, 2018 Share Posted December 14, 2018 I agree. I think all the data shows that punter losses will remain the same regardless of the number of options, events etc. The only way to increase punter losses is with new customers as far as I can see and that is only likely to occur with more competitive pricing. 1 Quote Link to comment Share on other sites More sharing options...
barryb Posted December 14, 2018 Share Posted December 14, 2018 5 minutes ago, NZRacing said: Unfortunately figures don't lie and your reasoning has no factual basis to support it. Bookies running multi billion $ businesses around the world must be the stupidest people on the planet offering mega numbers of options. Quote Link to comment Share on other sites More sharing options...
NZRacing Posted December 14, 2018 Author Share Posted December 14, 2018 The $100 a week a punter bets now and if he wins yes he might turnover that amount a few times but they are already doing that with all the racing and sports options that they have available to bet on now. Racing options increasing on average 15- 20% a day hasn't helped turnover to grow in proportion to that number it actually on occasion decreases. More customers as curious says increases turnover not product numbers. Quote Link to comment Share on other sites More sharing options...
NZRacing Posted December 14, 2018 Author Share Posted December 14, 2018 barry I realise that the NZRB have to offer mega number of options to compete with overseas outlets, I don't have a problem with the NZRB operating more betting options to mirror overseas but don't go thinking that equates to more turnover because the huge number of more races taken compared this season to last season proves that it just doesn't happen. Quote Link to comment Share on other sites More sharing options...
curious Posted December 14, 2018 Share Posted December 14, 2018 The $100 budget punter is going to lose $100. Not $120 just because there are more betting options. 1 Quote Link to comment Share on other sites More sharing options...
Mk2_Zephyr Posted December 15, 2018 Share Posted December 15, 2018 $28 dollar pool ... lol reminds me of an oncourse doubles pool on race 1 at Tauranga a long time back, now we been doing these doubles for a while and I hadn't cracked the third big bottle of Lion Red yet, so took the field in the 1st with one horse in the second and took a fav in the first leg with the field, a little suprised at my winning divvy very close to 28, maybe $ 26, and yep ALL the money in the pool was mine, we were already fairly stoned so the laughter that ensued from the car for ten minutes was looked at rather weirdly by the locals ... 1 Quote Link to comment Share on other sites More sharing options...
curious Posted December 15, 2018 Share Posted December 15, 2018 (edited) 23 hours ago, NZRacing said: a race even though there was no dead-heat. Hawthorne R3 Win pool: $9 Place pool: $8 Quinella pool: $3 Trifecta pool: $8 Total tote bets on race $28 Race 3 the tote paid out on the 2nd horse $3.80 as no win tickets on 1st and Fixed odds paid out on $7.50 on the actual race winner which was paying Zero on the tote. If runners 1 and 2 had of run the quinella the tote would have paid out on the 3rd placed runner for win bets. what day was that? and what horse won? Edited December 15, 2018 by curious Quote Link to comment Share on other sites More sharing options...
VC! Posted December 16, 2018 Share Posted December 16, 2018 I once collected on 2 winners I was at the Ayr races 1990 it was the last race of the day I had 50 pound a win on a 8-1 shot with one bookmaker and 50 pound a win on a different horse at 10-1 with another bookie they ran first and second we were in a hurry to make the next train back to Glasgow so I went and lined up straight away the horses made their way back into the birdcage and I was 2nd in line and got paid out.....made my way back to my family and girlfriend and said right let’s go I had only just said that when the siren went protest 2nd v 1st I then had to say hang on we can’t go just yet I backed the 2nd horse as well it’s worth 500 pound so we hung around 30 minutes later change of placings sent my girlfriend down to collect the 500 pounds These memories always live with you 2 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.