Chief Stipe Posted 22 hours ago Share Posted 22 hours ago NZ Cup 2024 stake $400,000 Turnover for NZ Cup $1.4 mil KiwiB 2025 stake $3,500,000 Turnover for The Kiwi $1.37mil Quote Link to comment Share on other sites More sharing options...
mikeynz Posted 22 hours ago Share Posted 22 hours ago 28 minutes ago, Chief Stipe said: NZ Cup 2024 stake $400,000 Turnover for NZ Cup $1.4 mil KiwiB 2025 stake $3,500,000 Turnover for The Kiwi $1.37mil I think the Derby was the biggest turnover on March 8. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 22 hours ago Author Share Posted 22 hours ago Well one thing is for sure the return to the industry was a zillion times greater with the KiwiB than either the NZ Cup or the NZ Derby. Quote Link to comment Share on other sites More sharing options...
Special Agent Posted 22 hours ago Share Posted 22 hours ago I think the point is similar turnover but vastly different stakes. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 21 hours ago Author Share Posted 21 hours ago 4 minutes ago, Special Agent said: I think the point is similar turnover but vastly different stakes. Well we all know the Sharrock quote about the positive relationship between stakes and wagering is a nonsense. The point I'd like to make is that that KiwiB is a slot race and the stakes largely come from slot holders NOT the industry pot. So in terms of returns to the industry from wagering turnover it is greater from the KiwiB than it is from the NZ Cup even if the latter had a higher turnover. Quote Link to comment Share on other sites More sharing options...
mikeynz Posted 21 hours ago Share Posted 21 hours ago (edited) If you use turnover as yardstick, it shows that for all the hype/promotion it created no more national interest than Riccartons cup day but as we've already known Auckland don't care about horse racing as a rule,cup week jn Canterbury wins hands down. Edited 21 hours ago by mikeynz 3 Quote Link to comment Share on other sites More sharing options...
SLB2.0 Posted 20 hours ago Share Posted 20 hours ago The stakes for the Kiwi don't really apply because it's a slot race, yeah? How much of the prize money was from slot holders and how much from industry funds? Quote Link to comment Share on other sites More sharing options...
curious Posted 20 hours ago Share Posted 20 hours ago Yes. What was the NZTR contribution? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 19 hours ago Author Share Posted 19 hours ago 1 hour ago, mikeynz said: If you use turnover as yardstick, it shows that for all the hype/promotion it created no more national interest than Riccartons cup day but as we've already known Auckland don't care about horse racing as a rule,cup week jn Canterbury wins hands down. Yes but Cup week has been a tradition for 100 years - well a very long time with annual marketing from Throughbred Racing, Harness, Dogs, the local Councils and businesses. It is one of the last bucket list racing carnivals in NZ. Decades of tradition and ingrained in NZ'rs throughout the country. Quote Link to comment Share on other sites More sharing options...
TAB For Ever Posted 19 hours ago Share Posted 19 hours ago Yes the NZ Cup has been an iconic race for over 100 years and the sheepshaggers love to descend on Christchurch for the week. So for a new race to get anywhere near it in interest and turnover is simply staggering ! A totally new race and concept doing so well first up.......the highest number of bettors engaged on the day ! Sure it had a great supporting program so won't threaten Melbourne Cup day for bets but a grand start ! Plus Aussies got involved ...... With so much great sport in Auckland and so much to attend , its great that it got so much cut-through and so well supported by all of NZ ! I enjoyed the days's racing immensely.......And loved a lot of cup weeks too ! Quote Link to comment Share on other sites More sharing options...
mikeynz Posted 19 hours ago Share Posted 19 hours ago 35 minutes ago, Chief Stipe said: Decades of tradition and ingrained in NZ'rs throughout the country. Still plenty of tradional Country meetings going ok still as well, there is probably no other place like Auckland that have chopped and changed days and shifted races, never seem to settle. Quote Link to comment Share on other sites More sharing options...
mikeynz Posted 19 hours ago Share Posted 19 hours ago 5 minutes ago, TAB For Ever said: Yes the NZ Cup has been an iconic race for over 100 years and the sheepshaggers love to descend on Christchurch for the week. So for a new race to get anywhere near it in interest and turnover is simply staggering ! A totally new race and concept doing so well first up.......the highest number of bettors engaged on the day ! Sure it had a great supporting program so won't threaten Melbourne Cup day for bets but a grand start ! Plus Aussies got involved ...... With so much great sport in Auckland and so much to attend , its great that it got so much cut-through and so well supported by all of NZ ! I enjoyed the days's racing immensely.......And loved a lot of cup weeks too ! Your comment about sheepshaggers is one of the reasons most here more than likely see you for the wanker you are, another negative for Auckland , no wonder the traffic congestion is so bad, can't even catch a bus without being bashed up,roll on the South Pacific's fastest growing ghetto, it's happening faster than some halfwits realise. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 18 hours ago Author Share Posted 18 hours ago 1 hour ago, TAB For Ever said: Yes the NZ Cup has been an iconic race for over 100 years and the sheepshaggers love to descend on Christchurch for the week. So how do you describe yourself? Of have you stopped attending Cup week to watch your horses? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 17 hours ago Author Share Posted 17 hours ago 1 hour ago, TAB For Ever said: With so much great sport in Auckland and so much to attend , its great that it got so much cut-through and so well supported by all of NZ ! So I gather with your time at Otago University you didn't embrace everything that the South Island has to offer? JAFA. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 17 hours ago Author Share Posted 17 hours ago 1 hour ago, mikeynz said: Still plenty of tradional Country meetings going ok still as well, there is probably no other place like Auckland that have chopped and changed days and shifted races, never seem to settle. Exactly. They butchered their summer carnival. Auckland Cup and the Derby. They are starting to get a bit of a following with the KM but hardly a carnival when no one else is involved. What do they call solo sex? Quote Link to comment Share on other sites More sharing options...
Assange Posted 17 hours ago Share Posted 17 hours ago 35 minutes ago, Chief Stipe said: Exactly. They butchered their summer carnival. Auckland Cup and the Derby. They are starting to get a bit of a following with the KM but hardly a carnival when no one else is involved. What do they call solo sex? Owner operators 3 Quote Link to comment Share on other sites More sharing options...
Murray Fish Posted 16 hours ago Share Posted 16 hours ago 5 hours ago, Chief Stipe said: So in terms of returns to the industry from wagering turnover it is greater from the KiwiB than it is from the NZ Cup even if the latter had a higher turnover. what was the propaganda/publicity spend on both events? 1 Quote Link to comment Share on other sites More sharing options...
Murray Fish Posted 16 hours ago Share Posted 16 hours ago 3 hours ago, curious said: Yes. What was the NZTR contribution? as in their overall. gross? spend on both events? I presume extra was spent with the KIWI being a first time event v CUP Week being as old as I can recall.. Quote Link to comment Share on other sites More sharing options...
Murray Fish Posted 16 hours ago Share Posted 16 hours ago 2 hours ago, TAB For Ever said: I enjoyed the days's racing immensely..... I still be dealing with 4 bets for 4 nose 2nds,,, phew Quote Link to comment Share on other sites More sharing options...
Doomed Posted 13 hours ago Share Posted 13 hours ago 8 hours ago, Chief Stipe said: Well we all know the Sharrock quote about the positive relationship between stakes and wagering is a nonsense. The point I'd like to make is that that KiwiB is a slot race and the stakes largely come from slot holders NOT the industry pot. So in terms of returns to the industry from wagering turnover it is greater from the KiwiB than it is from the NZ Cup even if the latter had a higher turnover. I don't necessarily agree with that. I haven't seen a breakdown about how much came from the slot holders. It would be easy enough to figure out if someone could be bothered. Certainly not $3.5m though. $90,000 came as a listed race subsidy. I doubt the rest of the stake all came from slot holders. Plus there were $1m in bonuses, hence the often quoted stake of $4.5m. And four slots funded by other racing clubs. I don't know how they could afford that. I guess it will come out in their annual reports. And it made a laughing stock of the CJC. That $1m of bonuses would have gone a long way during Cup Week. And god knows how many hundreds of thousands were spent on promotion by Entain and NZTR. 1 Quote Link to comment Share on other sites More sharing options...
TAB For Ever Posted 10 hours ago Share Posted 10 hours ago A totally NEW race on the calendar ...... Placed on the same day as some iconic NZ races ,not only did it attract phenomenal interest from Australia and abroad ,but in a soft and very competitive wagering environment it increased betting on those iconic races as well. And the total active betters in NZ on that meeting was a record ! And the good news is next year it is going to be bigger and better again ! Year one and all NZ betting records were either beaten or nearly beaten. Not that one day or one race proves anything ,they gotta keep repeating it ! But the alternative was obvious...keep doing the same ole , same ole and NZ racing would be back where we were.....unable to pay our bills and technically insolvent. A great time NOW to be involved ! Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 2 hours ago Author Share Posted 2 hours ago 11 hours ago, Doomed said: I don't necessarily agree with that. I haven't seen a breakdown about how much came from the slot holders. It would be easy enough to figure out if someone could be bothered. Certainly not $3.5m though. $90,000 came as a listed race subsidy. I doubt the rest of the stake all came from slot holders. Plus there were $1m in bonuses, hence the often quoted stake of $4.5m. And four slots funded by other racing clubs. I don't know how they could afford that. I guess it will come out in their annual reports. And it made a laughing stock of the CJC. That $1m of bonuses would have gone a long way during Cup Week. And god knows how many hundreds of thousands were spent on promotion by Entain and NZTR. But you are not doing an equal comparison. You are loading up the KiwiB while discounting the NZ Cup. You are also loading the Champions Day total marketing on one race. As for CJC having a slot - they wasted their "gift" by choosing a runner that had no show. 11 hours ago, Doomed said: That $1m of bonuses would have gone a long way during Cup Week. Doing what? Arguably the Stakes races had been loaded enough and the supporting races are all well funded. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 2 hours ago Author Share Posted 2 hours ago 8 hours ago, TAB For Ever said: But the alternative was obvious...keep doing the same ole , same ole and NZ racing would be back where we were.....unable to pay our bills and technically insolvent. Nothing has changed in that regard except the black line has got further away. I guess you were more of a "creative" accountant than a cost one. 1 Quote Link to comment Share on other sites More sharing options...
Special Agent Posted 1 hour ago Share Posted 1 hour ago 8 hours ago, TAB For Ever said: And the good news is next year it is going to be bigger and better again ! Year one and all NZ betting records were either beaten or nearly beaten. Not that one day or one race proves anything ,they gotta keep repeating it ! Yes. Only time will tell if interest can be retained. Quote Link to comment Share on other sites More sharing options...
mikeynz Posted 38 minutes ago Share Posted 38 minutes ago (edited) 59 minutes ago, Special Agent said: Yes. Only time will tell if interest can be retained. Not too many at Eden Park last night, seems interest wanes at Auckland quickly in many things but it was only the Force, actually it was only the Blues lol. Edited 37 minutes ago by mikeynz Quote Link to comment Share on other sites More sharing options...
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