TAB Bet Deposit Match?

[curious]

12 minutes ago, Newmarket said:

Anyone else get survey from TAB? Asking for views on promotions…. or lack of, I gave them my honest opinions🤣. Me thinks they should be worried, been told from those in the know, TAB figures show no gains since overseas punting stopped

Yes, I got it but haven't responded. The other news doesn't surprise me or if it does, it's that there are NO gains, rather than disappointing gains.

[curious]

I've done it now, though I think they could have asked better questions if they want a fuller picture.

[mikeynz]

26 minutes ago, Newmarket said:

Anyone else get survey from TAB? Asking for views on promotions…. or lack of, I gave them my honest opinions🤣. Me thinks they should be worried, been told from those in the know, TAB figures show no gains since overseas punting stopped

Betting figures may be the same or no gains as you say, well are they letting large punters on?

Same for sport, I've stopped  but are they letting the large head to head punters on there, I'd say no.

And no survey for now but I sent them a email yesterday regarding the sports betting but I suspect they won't take notice anyway.

Edited Sunday at 05:00 AM by mikeynz

[Shab]

2 hours ago, Newmarket said:

been told from those in the know, TAB figures show no gains since overseas punting stopped

Betting is not like other things.  Its hard to get along not buying food or petrol for your car but you don’t have to bet on sport or racing to get along unless you’ve got a problem.  The punters betting with overseas operators were doing it because they didn’t want to take rubbish odds from TAB/Entain.  I would always happily bet with the TAB if the odds were the same and they were prepared to take the bet at odds shown for the amount I wanted.  They weren’t very often but if they were I was always happy to bet with them.  Withdrawals from offshore operators can be a pain.

Now I just won’t bet at all.  No POC tax from me.  Racing needs as many punters as it can get not as much as it can get from a small group of punters with a problem.  Long term what they’ve done will be detrimental to the game.

[PeterLambFan]

2 hours ago, Shab said:

Betting is not like other things.  Its hard to get along not buying food or petrol for your car but you don’t have to bet on sport or racing to get along unless you’ve got a problem.  The punters betting with overseas operators were doing it because they didn’t want to take rubbish odds from TAB/Entain.  I would always happily bet with the TAB if the odds were the same and they were prepared to take the bet at odds shown for the amount I wanted.  They weren’t very often but if they were I was always happy to bet with them.  Withdrawals from offshore operators can be a pain.

Now I just won’t bet at all.  No POC tax from me.  Racing needs as many punters as it can get not as much as it can get from a small group of punters with a problem.  Long term what they’ve done will be detrimental to the game.

Good post. Totally agree, absolutely fanciful to think the bulk of turnover would just transfer to the TAB while ignoring the reasons it wasn’t bet with them in the first place. Unless of course every person betting overseas was a problem gambler which would then fall foul of there problem gambling rules (which is apparently one of the reasons the legislation change was needed). 

[mikeynz]

8 hours ago, PeterLambFan said:

Good post. Totally agree, absolutely fanciful to think the bulk of turnover would just transfer to the TAB while ignoring the reasons it wasn’t bet with them in the first place. Unless of course every person betting overseas was a problem gambler which would then fall foul of there problem gambling rules (which is apparently one of the reasons the legislation change was needed). 

A problem gambler for Entain is the ones who wont/don't migrate to them, be interesting to learn if the monopoly will rake in all this extra cash, they must have some small indicator by now.

[curious]

2 hours ago, mikeynz said:

A problem gambler for Entain is the ones who wont/don't migrate to them, be interesting to learn if the monopoly will rake in all this extra cash, they must have some small indicator by now.

It's early days and the only available data I know of is the HRNZ betting data. I note this is limited and does not account for seasonal variation. However,

From the seasonal data through 27/06, 

GBR=35,796,319 Starters=24,139

GBR/starter=$1483

Since the legislation came into effect from 29/6-20/7

GBR=1,653,903 Starters=1140

GBR/starter=$1451

So, early indication is no increase, in fact a slight decline.

Hopefully, TABNZ will have a more glowing report at the end of the month based on the overall racing and sports betting data.

Edited Sunday at 08:40 PM by curious

[Brodie]

Never get freebies snd do nit need them!

However wouldnt mind being able to wager reasonable amounts with the TAB as I thought they were z gambling agency?

They are just riding out the time and then the shite will hit the fan and they know this.

 

 

 

 

[Newmarket]

Pathetic….who received this? 
Where are the new punters or punters they want to increase their spend. Do they think a couple of crap adverts are going to do it? 
 

Obviously they are panicking…. thinking where are all the overseas punters…. we need to sign them up🤣

Sales 101…. look after your existing customers first, retain those. 
 

[Chief Stipe]

17 minutes ago, Newmarket said:

Pathetic….who received this? 
Where are the new punters or punters they want to increase their spend. Do they think a couple of crap adverts are going to do it? 
 

Obviously they are panicking…. thinking where are all the overseas punters…. we need to sign them up🤣

Sales 101…. look after your existing customers first, retain those. 
 

ENTAIN have been communicating with some customers through the TAB Exchange since 2023.  So not new as you infer nor driven by panic unless they started panicking from day one.

[mikeynz]

1 hour ago, Newmarket said:

Pathetic….who received this? 
Where are the new punters or punters they want to increase their spend. Do they think a couple of crap adverts are going to do it? 
 

Obviously they are panicking…. thinking where are all the overseas punters…. we need to sign them up🤣

Sales 101…. look after your existing customers first, retain those. 
 

The Exchange? I thought the exchange was a betting platform, as in Betfair

 

Interestingly I don't know if it's true but some poster on Facebook was posting regarding a few punters restricted or accounts closed, since the monopoly, whether it's true or not what's the point in that.

Edited yesterday at 09:10 PM by mikeynz

[Chief Stipe]

2 hours ago, mikeynz said:

Interestingly I don't know if it's true but some poster on Facebook was posting regarding a few punters restricted or accounts closed, since the monopoly, whether it's true or not what's the point in that.

Probably not true.  There has always been restrictions but unlikely to close accounts when the TAB can limit losses.

[curious]

16 minutes ago, Chief Stipe said:

Probably not true.  There has always been restrictions but unlikely to close accounts when the TAB can limit losses.

AML issues?

[Newmarket]

4 hours ago, Chief Stipe said:

ENTAIN have been communicating with some customers through the TAB Exchange since 2023.  So not new as you infer nor driven by panic unless they started panicking from day one.

I have been providing my thoughts…. until this one, shows how lost they are.  Have removed from their list.

[Chief Stipe]

1 hour ago, curious said:

AML issues?

Possibly or safe gambling issues.  The Feds have got two angles to nail a betting agency on.

The AML could be possible and a result of ENTAIN making a committment to tidying up things for the AUSTRAC case.

[mikeynz]

It was a anonymous poster regarding account closure , I suggested he/she go the press or TV, if true to get some answers.

Edited 20 hours ago by mikeynz

[Chief Stipe]

43 minutes ago, mikeynz said:

It was a anonymous poster regarding account closure , I suggested he/she go the press or TV, if true to get some answers.

It could be the NZ person listed in the AUSTRAC case.  The moat likley reason the account would be closed is it didn't comply with AML and/or other statutory requirements.

Unlike you and @Newmarket it wouldn't be because they were $50 a week punters.

[mikeynz]

2 hours ago, Chief Stipe said:

It could be the NZ person listed in the AUSTRAC case.  The moat likley reason the account would be closed is it didn't comply with AML and/or other statutory requirements.

Unlike you and @Newmarket it wouldn't be because they were $50 a week punters.

50c is more than this lot will get at present, running a third world set up.

[Chief Stipe]

9 minutes ago, mikeynz said:

50c is more than this lot will get at present, running a third world set up.

How is it third world?  

[mikeynz]

6 hours ago, Chief Stipe said:

How is it third world?  

As I've said before, the sports in play platform is out of the ark as opposed to bet 365s state of the art, bet365 showed how its done yet now TAB are advertising live in play betting like it's some great new innovation,  i wonder if the large punters who traded and were on the likes of Betfair for head to head for test Cricket or Tennis etc etc are welcome or does the first sign of having a dollar arouse suspicion and sees you restricted or closed, they have plenty of backing so should be able to stand a few big bets, most times the bookie wins anyway, as for  the Horse Racing platform is OK, why they took away place 6 is odd but they don't have anything to attract the one win to change a lifetime event like lotto, my thoughts are not unique to me, plenty of others in same boat.

And the 50 bucks a week comment I will take with a grain of salt, Horse racing for me is a casual interest it don't bother me if I could get 15 cents better elsewhere but for some it does and for large punters forcing some to take it or leave it wiil be their downfall, so what if they have to payout some big wins now and then, more than likely the house wins in the end.

[Newmarket]

7 hours ago, mikeynz said:

As I've said before, the sports in play platform is out of the ark as opposed to bet 365s state of the art, bet365 showed how its done yet now TAB are advertising live in play betting like it's some great new innovation,  i wonder if the large punters who traded and were on the likes of Betfair for head to head for test Cricket or Tennis etc etc are welcome or does the first sign of having a dollar arouse suspicion and sees you restricted or closed, they have plenty of backing so should be able to stand a few big bets, most times the bookie wins anyway, as for  the Horse Racing platform is OK, why they took away place 6 is odd but they don't have anything to attract the one win to change a lifetime event like lotto, my thoughts are not unique to me, plenty of others in same boat.

And the 50 bucks a week comment I will take with a grain of salt, Horse racing for me is a casual interest it don't bother me if I could get 15 cents better elsewhere but for some it does and for large punters forcing some to take it or leave it wiil be their downfall, so what if they have to payout some big wins now and then, more than likely the house wins in the end.

Yep, you’re right. I think issue with Chief is that he’s not a regular punter, and knows zero about Australian operators. 

[Chief Stipe]

36 minutes ago, Newmarket said:

Yep, you’re right. I think issue with Chief is that he’s not a regular punter, and knows zero about Australian operators. 

What if I am or not?   Everyone quotes Betfair which is a betting exchange.

Let's face it ENTAIN bought an insolvent business in the NZTAB.  As I've said many times before they have expensive network and broadcasting contracts to wind back.  Staff numbers to reduce.  They also had a redundant and expensive wagering system to migrate off which they have done with very well.

If we see the same progress in the next two years that we have seen in the first two years then things wipe be great.

The biggest moan YOU have is you can't shop constantly for the best price from multiple agencies.  I doubt you truly understand what value is or indeed spend the time looking.  BTW you can still find value on the NZTAB.

[Kit Walker]

From Entain's  media release - 2023 vs 2025. That's a worry when you compare numbers. They were obviously sold some bull#$%^& numbers by the TAB prior to them taking it over. The increase June 24 to June 25 will have got bumped up with customers getting friends of family members to sign up to receive up to $100 in bonus bets. I know 6 or 7 people who did just that. 

June 2023r

June 2025

[Kit Walker]

Quote

 BTW you can still find value on the NZTAB.

You would have to spend all day scanning the markets to find any value in sporting markets. Then 90% of punters wouldn't know how to find value as they can't access overseas betting sites for comparison. If you were any good making up racing odds to find any over's and consistently found value to make money they will restrict your win limits.  That's a fact - as Brodie often reminds us.

The NZ TAB pre Entain were going that badly due to incompetent management went crying to the Government that they were losing millions to overseas outfits to cover up their poor financial results. The figures with GEO blocking now in will be minuscule and with no consumption fees now payable will probably result in a negative result. Once 15 online casino's get issued licenses to operate thigs will get bad. They will advertise a lot of money to attract customers and receive a lot of current gambling dollars from the racing Industry. Overseas in the USA casino's tat are based on racetracks have to pay the relevant codes a % of profit as it reduced racings take. Online same thing will happen here and the Govt should have put the same clause in the casino requirements.  Once the TAB were #1 in NZ gambling spending stats - today they are a poor last % wise and come next year that % will decrease. The Govt have no idea thinking GEO blocking will improve things - MP's voted like sheep conned into it because they were clueless. Only thing it did was make ENTAIN's share price increase as a gambling monopoly is a huge plus in the gambling industry.