Minimum stakes?

[Murray Fish]

I see at the meeting at Wingatui on 28/3 has 7 races each worth 18,500 and one worth 25,000. On the 23/5 8 races all for 17,000. 

[Freda]

Yeah.  Back to the bottom for the peasants. 

[curious]

Just remember that 3 years ago it was 12,000 per race at that Wingatui meeting. Enjoy it while you can because I can't see how it will be any more than that again in another 3 years.

[Doomed]

Meanwhile three $50,000 races at Tauranga and Wanganui today with 5, 6 and 7 starters. You do wonder whether there might be a problem somewhere.

And those bloody stupid twilight meetings with shit fields running for $25,000 each. The extra $6,500 per race has zero impact on the field size or quality. $52,000 or $58,500 extra in stakes per meeting to achieve nothing.

If the twilight meetings ran with $18,500 stakes that would leave enough money to run $18,500 minimums all winter.

I just can't see how we can continue to run those $50,000 open races with 5 or 6 starters. They surely are not self funding.

I think we have a problem. Still we have a brand new slot race, so who am I to complain.

[Chief Stipe]

1 minute ago, Doomed said:

I just can't see how we can continue to run those $50,000 open races with 5 or 6 starters. They surely are not self funding.

If you haven't  noticed it's been like that for the last ten years. 

[Doomed]

14 minutes ago, Chief Stipe said:

If you haven't  noticed it's been like that for the last ten years. 

We haven't had minimum stakes of $50,000 for open races for ten years.  People often complain about the state of racing in the CD, but it must be a great place to race a handy horse. I heard one of the presenters at Wanganui today commenting about several horses on a quick back up. Why wouldn't you? When you can race for $50,000 in a six horse field. There are a lot of benefits to be had by astute placement of a horse in the CD.

As Curious mentioned, I have absolutely no idea how the stakes are funded. The turnovers surely aren't sufficient to fund the current stakes levels. It would be interesting to see some figures that break down where the funding comes from. It is probably only about 50% from turnover, virtually nothing from sponsorship, the rest from some mystery source. Basically just a donation from Entain for some benevolent reason.

[Chief Stipe]

31 minutes ago, Doomed said:

We haven't had minimum stakes of $50,000 for open races for ten years.

No but we've had Open races that average very low ratings with stuff all starters.  Sure the stakes are higher so the losses are bigger but all the other variables are no different.

[TAB For Ever]

11 minutes ago, Doomed said:

We haven't had minimum stakes of $50,000 for open races for ten years.  People often complain about the state of racing in the CD, but it must be a great place to race a handy horse. I heard one of the presenters at Wanganui today commenting about several horses on a quick back up. Why wouldn't you? When you can race for $50,000 in a six horse field. There are a lot of benefits to be had by astute placement of a horse in the CD.

As Curious mentioned, I have absolutely no idea how the stakes are funded. The turnovers surely aren't sufficient to fund the current stakes levels. It would be interesting to see some figures that break down where the funding comes from. It is probably only about 50% from turnover, virtually nothing from sponsorship, the rest from some mystery source. Basically just a donation from Entain for some benevolent reason.

Why are you concerned about this ?

Surely it is out of your control ...relax......enjoy it.......i assume you still predicting the Industry is Doomed !

It's a great time to be involved ......owners see some hope ,trainers jockeys and many in the Industry are doing better than ever !

Not so long ago the Industry was basically Insolvent , basically BANKRUPT unable to pay its bills after years of costly mistakes and the TAB even paying out more to the codes than it was making from wagering.

Racing folk through personal and regional bias could not agree on solutions so the Guvmint had to step in ,pay the bills and decide on a solution and try to sort out the blame game.

And they had to move fast.......so turn to an outsider Messara and add 3 x synthetic tracks  to assist training and try and negate bad weather/abandonments which some blamed poor performance on !

Messara highlighted much of what Kiwis didn't want to hear !

Covid and a few years on ...stakes have increased to a much higher level right across the Board and it's a great time to be involved .

Enjoy it while it lasts  !