42 starts- ZERO PLACINGS- What’s going on?

[Chief Stipe]

Betting rules of the NZ TAB are here:  https://fobcms.tab.co.nz/sites/default/files/2020-09/TAB_Betting_Rules_Effective30September_2020.pdf

 

[mardigras]

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

[Chief Stipe]

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?

[mardigras]

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.

[Brodie]

Geez, why do people bet on the tote?

[Happy Sunrise]

2 minutes ago, Brodie said:

Geez, why do people bet on the tote?

Because it is offering more than the fixed odds?

[Chief Stipe]

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!

[mardigras]

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

[Chief Stipe]

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!

[Rangatira]

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

[Rangatira]

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

[Mikie]

3 hours ago, Rangatira said:

brodie like to act simple at times

at least i think it is an act

Brilliant

Mikie

[Brodie]

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

[Mikie]

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

 

[mikeynz]

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

[mikeynz]

Spitfire last today,some of the odds the Tab offer are pretty poor,he should be at 100 as a minimum 

[Brodie]

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!!

[Mikie]

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

 

[Brodie]

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?

[hunterthepunter]

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

[Chief Stipe]

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.  

[Brodie]

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!

 

[Brodie]

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

[Rangatira]

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

[Chief Stipe]

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!