Murray Fish Posted 21 hours ago Share Posted 21 hours ago 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. Quote Link to comment Share on other sites More sharing options...
Freda Posted 19 hours ago Share Posted 19 hours ago Yeah. Back to the bottom for the peasants. 2 Quote Link to comment Share on other sites More sharing options...
curious Posted 19 hours ago Share Posted 19 hours ago 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. Quote Link to comment Share on other sites More sharing options...
Doomed Posted 18 hours ago Share Posted 18 hours ago 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. 1 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 18 hours ago Share Posted 18 hours ago 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. Quote Link to comment Share on other sites More sharing options...
Doomed Posted 17 hours ago Share Posted 17 hours ago 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. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 17 hours ago Share Posted 17 hours ago 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. Quote Link to comment Share on other sites More sharing options...
TAB For Ever Posted 17 hours ago Share Posted 17 hours ago 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 ! Quote Link to comment Share on other sites More sharing options...
Doomed Posted 16 hours ago Share Posted 16 hours ago (edited) 16 minutes ago, TAB For Ever said: Enjoy it while it lasts ! I do treasure your input TAB. How long do you think it will last? Edited 16 hours ago by Doomed 3 1 Quote Link to comment Share on other sites More sharing options...
Wingman Posted 16 hours ago Share Posted 16 hours ago 13 minutes ago, TAB For Ever said: Enjoy it while it lasts ! Agree, the short term input from Entain is why we are mostly agreeing on 'enjoy it while it lasts'. Certainly everything had been going the wrong direction for the period 2011 to 2023 but one still gets the distinct impression that 2011 - 2023 era is going to look pretty, compared to uglyville in 5 plus years time. 1 Quote Link to comment Share on other sites More sharing options...
Special Agent Posted 10 hours ago Share Posted 10 hours ago You must have missed the back up plan. Quote Link to comment Share on other sites More sharing options...
Huey Posted 7 hours ago Share Posted 7 hours ago 10 hours 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. If it was that easy the fields would have 10-12 starters in them. I don't begrudge any owners picking up some loose change that keeps them going in the sport of kings, without these 5 or 6 horses Saturday afternoons would be a lot different. Quote Link to comment Share on other sites More sharing options...
Huey Posted 7 hours ago Share Posted 7 hours ago 9 hours ago, Wingman said: Agree, the short term input from Entain is why we are mostly agreeing on 'enjoy it while it lasts'. Certainly everything had been going the wrong direction for the period 2011 to 2023 but one still gets the distinct impression that 2011 - 2023 era is going to look pretty, compared to uglyville in 5 plus years time. Don't worry they have a back up plan that's been put into motion at the minute, that'll really please TAB and completely destroy the fabric of the industry! 1 Quote Link to comment Share on other sites More sharing options...
Freda Posted 4 hours ago Share Posted 4 hours ago 6 hours ago, Special Agent said: You must have missed the back up plan. Well, I missed it too 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.