Chief Stipe Posted November 24, 2020 Share Posted November 24, 2020 Betting rules of the NZ TAB are here: https://fobcms.tab.co.nz/sites/default/files/2020-09/TAB_Betting_Rules_Effective30September_2020.pdf Quote Link to comment Share on other sites More sharing options...
mardigras Posted November 24, 2020 Share Posted November 24, 2020 (edited) 17 minutes ago, Chief Stipe said: If the statutory takeout rate for the Win pool is 14.5% and the pool quoted above is $780 and a $1 unit is bet on one horse - what will the dividend be for that horse? Same question with the Place Pool where the takeout is 14.25% (don't know why they would be different) and the pool is $40 what will the place dividend be for one horse that only has $1 a place on it? $780 win pool (and no dividend under minimum), $666.9 (so $666.90). $40 place pool (and no dividend under minimum), $11.4333 rounded down to $11.40. If the pool is a NZ event, the statutory deductions are 15.5 win and place. If 15.5% is used for the two calculations, you would get dividends of $659.10 and $11.266 rounded down to $11.20 14.5 and 14.25 are the Tabcorp rates in effect for a Tabcorp hosted event, where we have decided to commingle. If we don't commingle, the event uses the NZ statutory rates. Edited November 24, 2020 by mardigras Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 24, 2020 Share Posted November 24, 2020 11 minutes ago, mardigras said: 14.5 and 14.25 are the Tabcorp rates in effect for a Tabcorp hosted event, where we have decided to commingle. If we don't commingle, the event uses the NZ statutory rates. Uh?! Presumably a commingled event costs TAB NZ more to run - why are the takeout rates less? 1 Quote Link to comment Share on other sites More sharing options...
mardigras Posted November 24, 2020 Share Posted November 24, 2020 Just now, Chief Stipe said: Uh?! Presumably a commingled event costs TAB NZ more to run - why are the takeout rates less? Because Tabcorp is the host and they set the rules on commission - so that the dividend calculation is across the entire pool. Quote Link to comment Share on other sites More sharing options...
Brodie Posted November 24, 2020 Author Share Posted November 24, 2020 Geez, why do people bet on the tote? Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted November 24, 2020 Share Posted November 24, 2020 2 minutes ago, Brodie said: Geez, why do people bet on the tote? Because it is offering more than the fixed odds? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 24, 2020 Share Posted November 24, 2020 3 minutes ago, Brodie said: Geez, why do people bet on the tote? Good punters look for value and it doesn't matter where that value is however harder to pin it down on the tote especially with what we see here and the inordinate delay in updating the pools. Final updates often don't happen until the race is half over! Quote Link to comment Share on other sites More sharing options...
mardigras Posted November 24, 2020 Share Posted November 24, 2020 (edited) 11 minutes ago, Brodie said: Geez, why do people bet on the tote? The 'implied' deduction on fixed odds for racing is almost always higher on fixed odds than it is on the tote (at a point in time). The issue now is that the tote has become so severely bastardised by fixed odds, that the NZ pools don't handle any decent sized bets well. NZ racing did that to themselves. Sort of the same with fixed odds as the TAB make the rules on what they will accept. They don't make such rules on the tote as far as I am aware. Edited November 24, 2020 by mardigras Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 24, 2020 Share Posted November 24, 2020 19 minutes ago, Brodie said: Geez, why do people bet on the tote? LOL - some bet on the tote because like you they are restricted on fixed odds! 1 Quote Link to comment Share on other sites More sharing options...
Rangatira Posted November 24, 2020 Share Posted November 24, 2020 17 hours ago, Brodie said: Mikie, so now you must agree with the Brodster that the odds displayed on the tote is just a load of BS!!!!!! not on the money here cobber Quote Link to comment Share on other sites More sharing options...
Rangatira Posted November 24, 2020 Share Posted November 24, 2020 16 hours ago, Mikie said: It's pretty simple Brodie brodie like to act simple at times at least i think it is an act 1 Quote Link to comment Share on other sites More sharing options...
Mikie Posted November 25, 2020 Share Posted November 25, 2020 3 hours ago, Rangatira said: brodie like to act simple at times at least i think it is an act Brilliant Mikie Quote Link to comment Share on other sites More sharing options...
Brodie Posted November 25, 2020 Author Share Posted November 25, 2020 7 hours ago, Mikie said: What a waste of time People try to explain things to you Brodie but you either can’t read, can’t comprehend or, as another very intelligent poster pointed out, you are just clueless Then you try your usual diversionary tactics by adding that you wouldn’t punt on the Tote You’re never wrong are you? Biden isn’t the next President of USA is he? The TAB takeout looks about right, as the RoR of total T/O that Clubs earnt is just over 14% I understand Mikie Mikie, just shows that clueless and law abiding people can be very successful financially and otherwise! Intelligence is over rated obviously 1 Quote Link to comment Share on other sites More sharing options...
Mikie Posted November 25, 2020 Share Posted November 25, 2020 3 hours ago, Brodie said: Mikie, just shows that clueless and law abiding people can be very successful financially and otherwise! So you are saying that you are clueless Great Something we can all agree on Mikie 1 Quote Link to comment Share on other sites More sharing options...
mikeynz Posted November 25, 2020 Share Posted November 25, 2020 (edited) 15 minutes ago, Mikie said: So you are saying that you are clueless Great Something we can all agree on Edited November 25, 2020 by mikeynz Quote Link to comment Share on other sites More sharing options...
mikeynz Posted November 25, 2020 Share Posted November 25, 2020 Spitfire last today,some of the odds the Tab offer are pretty poor,he should be at 100 as a minimum Quote Link to comment Share on other sites More sharing options...
Brodie Posted November 25, 2020 Author Share Posted November 25, 2020 2 hours ago, Mikie said: So you are saying that you are clueless Great Something we can all agree on Mikie Clueless and law abiding Mikie!! 1 Quote Link to comment Share on other sites More sharing options...
Mikie Posted November 25, 2020 Share Posted November 25, 2020 9 hours ago, Brodie said: Clueless and law abiding Mikie!! That’s great I’m sure 95% of posters who have read your posts agree on the clueless part I think it is big of you to admit it, most people who are thick deny it And I’m sure we can take your word for it on the law abiding part Mikie 2 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted November 26, 2020 Author Share Posted November 26, 2020 4 hours ago, Mikie said: That’s great I’m sure 95% of posters who have read your posts agree on the clueless part I think it is big of you to admit it, most people who are thick deny it And I’m sure we can take your word for it on the law abiding part Mikie Chief, am I allowed to say at least I am allowed on a race course? 1 1 Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted November 26, 2020 Share Posted November 26, 2020 3 minutes ago, Brodie said: Chief, am I allowed to say at least I am allowed on a race course? that's only if you don't keep bagging the spitfire 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 26, 2020 Share Posted November 26, 2020 18 minutes ago, Brodie said: Chief, am I allowed to say at least I am allowed on a race course? You just have but to be fair I think Mikie has already posted that himself. Any how there is no need for anyone to resort to getting personal to score points. Quote Link to comment Share on other sites More sharing options...
Brodie Posted November 26, 2020 Author Share Posted November 26, 2020 26 minutes ago, Chief Stipe said: You just have but to be fair I think Mikie has already posted that himself. Any how there is no need for anyone to resort to getting personal to score points. Because I personally feel that if someone wants to call me clueless, then I will take that on board, and then offer some advice back! Quote Link to comment Share on other sites More sharing options...
Brodie Posted November 26, 2020 Author Share Posted November 26, 2020 (edited) 40 minutes ago, Chief Stipe said: You just have but to be fair I think Mikie has already posted that himself. Any how there is no need for anyone to resort to getting personal to score points. Chief, I do not say anything to score personal points! If anyone was being personal it was not me, It was very hurtful and upsetting to be told that I had no clues! I do not need to be accruing points for anything, I have already amassed enough points for my own good! If someone thinks they need to be calling me clueless to take points from my total, then I will certainly be defending that! Was there any need for someone to call me clueless when what I was doing was questioning the tote divs? Edited November 26, 2020 by Brodie 2 Quote Link to comment Share on other sites More sharing options...
Rangatira Posted November 26, 2020 Share Posted November 26, 2020 (edited) 1 hour ago, Brodie said: Was there any need for someone to call me clueless when what I was doing was questioning the tote divs? from a position of little or no clue ? your effort was astoundingly poor on multiple levels Edited November 26, 2020 by Rangatira 2 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 26, 2020 Share Posted November 26, 2020 FFS if you want a definition of clueless you just have to look at Day One of this lunatic Government. Move to higher ground we have a Climate Emergency! 1 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.