Geo blocking helped increase

[Chief Stipe]

8 minutes ago, curious said:

Really? Where did I say that. Just bought another one a month ago!

And my NZTAB turnover has doubled in the last 2 months.

Online.

NZTAB turnover is hardly an investment.

[curious]

4 minutes ago, Chief Stipe said:

If you use the crude application of stats then Geo-blocking has had resulted in a 50% improvement.  I.e. July is up 4% and August is up 6%.  A difference of 50%.

Buggered if I know how 4% and 6% increases since the legislation was effected become 50% .... lol

[curious]

16 minutes ago, Chief Stipe said:

Online.

NZTAB turnover is hardly an investment.

Online where? 

NZTAB turnover is definitely an investment for me. That's what pays for the racehorses. Unfortunately the finance director won't let me take those costs out of the household budget.

Edited Thursday at 09:57 PM by curious

[mikeynz]

2 hours ago, curious said:

Racing Turnover

Month	2024 Turnover (NZ Racing)	2025 Turnover (NZ Racing)	YoY Change
July	~NZ$52 million 1	~NZ$54 million 2	↑ ~4%
August	~NZ$53 million 1	~NZ$56 million 2	↑ ~6%

 

• Fixed odds betting now accounts for 90% of win/place turnover in 2025, compared to ~85% in 2024 
  2
  .
• Tote betting continues to dominate exotic bets (e.g., trifectas, quinellas) with 75% market share, but fixed odds are gaining ground 
  2
  .

---

🏉 Sports Betting Turnover

Month	2024 Turnover (Sports)	2025 Turnover (Sports)	YoY Change
July	~NZ$60 million 1	~NZ$71 million 2	↑ ~18%
August	~NZ$62 million 1	~NZ$73 million 2	↑ ~17%

I would believe those figures if every meeting was individually displayed in all its glory somsomewhere.

Edited Thursday at 11:55 PM by mikeynz

[Chief Stipe]

28 minutes ago, mikeynz said:

I would believe those figures if every meeting was individually displayed in all its glory somsomewhere.

Why would ENTAIN do that?  They have no legislated obligation to do that at the micro-level.  Their responsibility is to their shareholders.  What's more why do you actually need to know?  I gather given your negativity that you are not even a shareholder.

[mikeynz]

1 minute ago, Chief Stipe said:

Why would ENTAIN do that?  They have no legislated obligation to do that at the micro-level.  Their responsibility is to their shareholders.  What's more why do you actually need to know?  I gather given your negativity that you are not even a shareholder.

But it is interesting, betting figures always have been.

[Chief Stipe]

28 minutes ago, mikeynz said:

But it is interesting, betting figures always have been.

That they may well be and at one time it was important to allocate oncourse based funding.  But in today's world the average person can't distinguish between what they need to know and why they would like to know let alone statistically understand it.

Looking at the Covid pandemic it would appear that many scientists didn't understand data either and politicians weaponised it.  That's the danger with distributing all the data on a regular basis let alone basing KPI's on them.

This Topic is a good example of that.  Yes thank you @Kit Walker for posting the data.  But does a 4 raceday one week data set prove anything? 

[curious]

2 hours ago, Chief Stipe said:

That they may well be and at one time it was important to allocate oncourse based funding.  But in today's world the average person can't distinguish between what they need to know and why they would like to know let alone statistically understand it.

Really? Can you? What exactly was oncourse based funding?

Edited yesterday at 03:48 AM by curious

[Huey]

3 hours ago, Chief Stipe said:

That they may well be and at one time it was important to allocate oncourse based funding.  But in today's world the average person can't distinguish between what they need to know and why they would like to know let alone statistically 

People want to know so they know when to turn the lights out.

[Chief Stipe]

1 hour ago, curious said:

Really? Can you? What exactly was oncourse based funding?

You seem rattled.  Weren't clubs getting a greater % of funding from their oncourse turnover at one stage?

[Chief Stipe]

54 minutes ago, Huey said:

People want to know so they know when to turn the lights out.

Yours already are.

[curious]

15 minutes ago, Chief Stipe said:

You seem rattled.  Weren't clubs getting a greater % of funding from their oncourse turnover at one stage?

You've lost me. Clubs currently get 10% of on-course terminal turnover and 12.5% of digital turnover don't they? When was it higher than that?

Edited yesterday at 05:16 AM by curious

[Kit Walker]

Quote

You've lost me. Clubs currently get 10% of on-course terminal turnover and 12.5% of digital turnover don't they? When was it higher than that?

It used to be club on-course commission of 11% win and place and 13% on exotic bets.

[Kit Walker]

Quote

People want to know so they know when to turn the lights out.

Avondale turned them off decades ago. 

[Kit Walker]

Quote

Yes thank you @Kit Walker for posting the data.  But does a 4 raceday one week data set prove anything? 

Its the only week I have seen to compare to. I know one thing for sure after 12 months the figures will prove the TAB plucked out of the sky to claim hundreds of millions lost to overseas betting outlets was rubbish. That claim was used as an excuse to mask their incompetence. They are going to have to increase betting with Geo blocking to make up for the lost millions in consumption fees. You were correct in your earlier quote saying I don't like ENTAIN but in saying that I did say here that at just over $5 a share they were worth investing in. Great time now to start dumping them as can see a big drop coming soon.

Edited yesterday at 08:25 AM by Kit Walker

[Chief Stipe]

17 hours ago, Kit Walker said:

Its the only week I have seen to compare to.

Which proves nothing.

17 hours ago, Kit Walker said:

I know one thing for sure after 12 months the figures will prove the TAB plucked out of the sky to claim hundreds of millions lost to overseas betting outlets was rubbish.

Perhaps it is rubbish but I think ENTAIN have enough resources to have done due diligence and would have a more accurate assessment than what we see printed in the media.

17 hours ago, Kit Walker said:

That claim was used as an excuse to mask their incompetence.

The annual accounts showed clearly what the problems were.  

17 hours ago, Kit Walker said:

They are going to have to increase betting with Geo blocking to make up for the lost millions in consumption fees.

Again you assume ENTAIN haven't done their own sums.

17 hours ago, Kit Walker said:

You were correct in your earlier quote saying I don't like ENTAIN

You haven't said why nor offered an alternative.

[curious]

46 minutes ago, Chief Stipe said:

Again you assume ENTAIN haven't done their own sums.

No doubt they have, but have they got them right. From my communication with them, I don't think the estimate of overseas losses is close to right, nor was it soundly based.

They still do have to recover ~$10m a year from the lost POCC charges before they get ahead as @Kit Walker points out.

[Chief Stipe]

28 minutes ago, curious said:

No doubt they have, but have they got them right. From my communication with them, I don't think the estimate of overseas losses is close to right, nor was it soundly based.

They still do have to recover ~$10m a year from the lost POCC charges before they get ahead as @Kit Walker points out.

Well you just keep doubling your "investment" and they'll be fine.

[Chief Stipe]

30 minutes ago, curious said:

From my communication with them, I don't think the estimate of overseas losses is close to right, nor was it soundly based.

I'm very surprised that they would officially communicate such information to you.