Boys Get Paid (BGP) Wings Clipped?

[Chief Stipe]

7 minutes ago, Huey said:

Not worried about the price @Chief Stipe , more how much air is in them. needs to be plenty for me to get a bounce in!

Ok not worried about the price eh?  Boy do I have a deal for you.  2 turrets or 4?

[hesi]

44 minutes ago, Chief Stipe said:

I think you'll find that the net funding from owners is more than the net revenue from punters.

The 2 are different

The shop owner pays for a shop or chain of shops to be set up, including outfitting, stock, systems, marketing, facilities, cleaning security.  They are paying for a set up as part of an industry, the retail industry.

They then must have customers to buy that stock or they go bust

 

[Huey]

15 minutes ago, Chief Stipe said:

Ok not worried about the price eh?  Boy do I have a deal for you.  2 turrets or 4?

Well at least not the entry, wouldn't be keen on replacing if I broke it ... you know if it didn't have enough air in it.

[Chief Stipe]

44 minutes ago, hesi said:

The 2 are different

The shop owner pays for a shop or chain of shops to be set up, including outfitting, stock, systems, marketing, facilities, cleaning security.  They are paying for a set up as part of an industry, the retail industry.

They then must have customers to buy that stock or they go bust

 

So do we consider that Owners are Manufacturers who provide the product at a loss?  That is your customer doesn't pay enough for the product.  

[Newmarket]

2 hours ago, Chief Stipe said:

Sometimes the customer doesn't know what they want.  If you listen to all the moaners online that say they are punters all they want is free bets.

So do you think retailers just discount for the hell of it? Hardly, they do it to compete with competition. 
No doubt your remark regarding free bets was pointed at me, of course free bets or match deposits work, do your homework and look at every Aus operator, they need to compete. 
 

TAB used to do more…. but of course now between them and Betcha, they have a monopoly…. but they are losing customers and turnover…. desperate times which is now why they are offering special odds for those betting on machines🤣🤣. …. that tells you that they have no idea to increase turnover with on line punters….

[curious]

Just now, Chief Stipe said:

So do we consider that Owners are Manufacturers who provide the product at a loss?  That is your customer doesn't pay enough for the product.  

Not exactly. They certainly provide it at a large financial loss for a shot at whatever prize money the customers (punters) provide and whatever other benefits they consider they gain from their participation.

[Chief Stipe]

1 hour ago, Newmarket said:

So do you think retailers just discount for the hell of it? Hardly, they do it to compete with competition. 
No doubt your remark regarding free bets was pointed at me, of course free bets or match deposits work, do your homework and look at every Aus operator, they need to compete. 

Don't be so sensitive my comment wasn't directed at you but all those moaning about ENTAIN in general.  

Retailers often discount and they have loss leaders amongst their product range e.g. Costco with that beautiful Westland butter WestGold.

BUT from what I see wagering agencies free-load off the generosity of owners who provide the product at a considerable discount.

As evident from the comments of many punters online they don't give a rats arse about where or what they spend their money on as long as they get a perceived discount.  The reality is most discounts you do get aren't really discounts but that's another subject.

1 hour ago, Newmarket said:

TAB used to do more…. but of course now between them and Betcha, they have a monopoly…. but they are losing customers and turnover…. desperate times which is now why they are offering special odds for those betting on machines🤣🤣. …. that tells you that they have no idea to increase turnover with on line punters….

But you have no real idea what is happening with their customer base.  From what information I've seen it is increasing.

As for turnover the key figure isn't turnover but net revenue.  

The issue is trying to get a fair return for the product hence the attempts to create the monopoly or rather stop leakage and get a return on the locally made product.  Don't forget when NZ racing was supposedly at its best it did have a complete monopoly.

[Chief Stipe]

1 hour ago, curious said:

Not exactly. They certainly provide it at a large financial loss for a shot at whatever prize money the customers (punters) provide and whatever other benefits they consider they gain from their participation.

So as an owner why can't I expect a fair price for my product?

[Newmarket]

1 hour ago, Chief Stipe said:

Don't be so sensitive my comment wasn't directed at you but all those moaning about ENTAIN in general.  

Retailers often discount and they have loss leaders amongst their product range e.g. Costco with that beautiful Westland butter WestGold.

BUT from what I see wagering agencies free-load off the generosity of owners who provide the product at a considerable discount.

As evident from the comments of many punters online they don't give a rats arse about where or what they spend their money on as long as they get a perceived discount.  The reality is most discounts you do get aren't really discounts but that's another subject.

But you have no real idea what is happening with their customer base.  From what information I've seen it is increasing.

As for turnover the key figure isn't turnover but net revenue.  

The issue is trying to get a fair return for the product hence the attempts to create the monopoly or rather stop leakage and get a return on the locally made product.  Don't forget when NZ racing was supposedly at its best it did have a complete monopoly.

When NZ Tab had a monopoly, it wasnt as easy to open accounts or place bets overseas, i do all of my betting on iphone, so i have only had data for about 10 or so yrs, before that i rung tab. 

[Special Agent]

21 hours ago, Chief Stipe said:

As for turnover the key figure isn't turnover but net revenue.  

I think turnover is a fairly key figure.  Most can simply reflect on what the day's turnover is/was, and aren't clubs paid a percentage of the oncourse turnover?

[Special Agent]

I haven't been to a TAB for a while until recently.  If you think what they are now providing is progress, good on you.  It all is a turn off, especially if you are in a hurry.

[Chief Stipe]

32 minutes ago, Special Agent said:

I think turnover is a fairly key figure.  Most can simply reflect on what the day's turnover is/was, and aren't clubs paid a percentage of the oncourse turnover?

The key figure is net returns as that is what is returned to the industry to fund capital and stakes.

[Chief Stipe]

25 minutes ago, Special Agent said:

I haven't been to a TAB for a while until recently.  If you think what they are now providing is progress, good on you.  It all is a turn off, especially if you are in a hurry.

Most of the old folk I've asked specific questions to about the changes all agree that it is an improvement.  If you are in a hurry then use the app on your phone.  The new pod machines are very good.