Davis Posted May 27, 2022 Share Posted May 27, 2022 (edited) @GuerinSports · 2Huge day for New Zealand’s restricted punters with TAB introducing minimum bet policy to allow all punters to win a minimum of $2000 on any domestic horse or dog bet. So basically a self-imposed minimum bet law of $2000 for any NZ race. A very welcome new rule to be applauded. Edited May 27, 2022 by Davis 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 27, 2022 Share Posted May 27, 2022 (edited) Good news, Has this started yet? How about also increasing the AML limit to $2k as well so we dont have to identify ourselves or is that asking too much I aint money laundering anything at $1K ! Edited May 27, 2022 by Brodie 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 27, 2022 Share Posted May 27, 2022 So that means that our restrictions will be raised to $2k on our accounts? Will believe it when it happens, So top 4 on account we can net 2k? Would be far better than limit of $20 lol Quote Link to comment Share on other sites More sharing options...
mikeynz Posted May 27, 2022 Share Posted May 27, 2022 I've never understood the restrictions, so it's not the amount you can bet but the amount you can win ? That obviously would be on fixed win and place? There must be restrictions on some with sports betting as well ? I am restricted but I restrict myself on the amount I can lose. 2 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 27, 2022 Share Posted May 27, 2022 (edited) 44 minutes ago, mikeynz said: I've never understood the restrictions, so it's not the amount you can bet but the amount you can win ? That obviously would be on fixed win and place? There must be restrictions on some with sports betting as well ? I am restricted but I restrict myself on the amount I can lose. Yes the amount you can net on a winning bet. Different punters have different level of restrictions They turn punters off with their restrictions so hopefully this isnt a load of bull, because they need punters ! Yes only restrictions on Fixed Odds and have not heard of restricted punters on Sports betting but there probably are. Edited May 27, 2022 by Brodie Quote Link to comment Share on other sites More sharing options...
Gammalite Posted May 27, 2022 Share Posted May 27, 2022 2 hours ago, mikeynz said: I've never understood the restrictions, so it's not the amount you can bet but the amount you can win ? That obviously would be on fixed win and place? There must be restrictions on some with sports betting as well ? I am restricted but I restrict myself on the amount I can lose. Fixed win I believe Mikey. The TAB are paying out up to $2000 with one win bet. (should be able to put $1000 on a 2-1 shot it seems. ) I do remember a couple of $1000 bets I had a while back . both on a 2-1 on shot (won $500 both times with easy leader NZ bred horse ) They just about have to be past the post propositions before i'd risk a grand on them. lol.... otherwise you lose the enjoyment of the racing and just worry about the money instead . thats not much fun at all. $2000 seems a nice collect. would do me for a month. Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 27, 2022 Share Posted May 27, 2022 13 minutes ago, Gammalite said: Fixed win I believe Mikey. The TAB are paying out up to $2000 with one win bet. (should be able to put $1000 on a 2-1 shot it seems. ) I do remember a couple of $1000 bets I had a while back . both on a 2-1 on shot (won $500 both times with easy leader NZ bred horse ) They just about have to be past the post propositions before i'd risk a grand on them. lol.... otherwise you lose the enjoyment of the racing and just worry about the money instead . thats not much fun at all. $2000 seems a nice collect. would do me for a month. Gamma, it says ANY BET, so not just fixed win bets! This is long overdue if they want to keep harness racing alive. 2 Quote Link to comment Share on other sites More sharing options...
mikeynz Posted May 27, 2022 Share Posted May 27, 2022 3 hours ago, Gammalite said: Fixed win I believe Mikey. The TAB are paying out up to $2000 with one win bet. (should be able to put $1000 on a 2-1 shot it seems. ) I do remember a couple of $1000 bets I had a while back . both on a 2-1 on shot (won $500 both times with easy leader NZ bred horse ) They just about have to be past the post propositions before i'd risk a grand on them. lol.... otherwise you lose the enjoyment of the racing and just worry about the money instead . thats not much fun at all. $2000 seems a nice collect. would do me for a month. yea but you win some you lose some,Sundees Son would have cost some a lot,i bet few would have bet against it. Quote Link to comment Share on other sites More sharing options...
the galah Posted May 27, 2022 Share Posted May 27, 2022 (edited) It will come with a catch in my opinion. .I would guess that catch would be the price you receive will be reduced before the bet is accepted.. For example, at the moment someone like brodie may want to every race meeting place 4 $400 bets on horses paying $5,working on the basis that he has a record of averaging 1 winner,thus would net himself a profit of $400.( 4 x $400 spent =$1600,collects 1 $400 bet at odds of $5 for $2000. ... $1600 spent ,$2000 returned ,profit $400) .....so what the TAB have currently done is limit what he can get on to $100 bets,thus their loss from taking brodies bets is only $100). All the while the TAB after accepting the bet drops the price to limit future exposure,and using brodies knowledge to help set the odds. So i'm guessing now some bright spark at the tab has said,lets get around this flak we cop for not taking bets with sizeable payouts,by changing the odds in our favour. How would they do that,by simply saying yes we will take brodies 4 x $400 bets,but if we are to do that we will set up an algorithm which will change the odds before the bet can be placed,in this case the $5 dividend will drop to $4,and that is the price brodie can get his bet on at. Thus the tab will now allow brodie to spend the $1600 he wants,but his return will drop to $1600 because of the reduced odds the tab will accept those bets at.... So brodie will now be spending $1600,and getting a return of $1600,so in fact there will be no profit from his investments, remembering of course that the tab had been allowing him to bet at the odds originally displayed but only up to $100,and when he was doing that he was making $100,whereas now by accepting his larger wagers he is getting no profit,thus the tab will actually better off,and brodie worse off.Thats how the TAB works. That is what i believe they will do. Smoke and mirrors. Like i have said they already have algorithms set up to immediately reduce the odds of horses after accepting bets by consistent punters who win, who bet as little as $15 which can involve a loss of as little as $15 for the tab. So if anyone thinks the tab is all of a sudden going to take bigger risks,then they are most likely very mistaken. Edited May 27, 2022 by the galah Quote Link to comment Share on other sites More sharing options...
Rangatira Posted May 27, 2022 Share Posted May 27, 2022 5 hours ago, mikeynz said: yea but you win some you lose some,Sundees Son would have cost some a lot,i bet few would have bet against it. could have got 8695 on Sundees Son @ 1.23 can we expect trot turnovers to go through the roof ? Quote Link to comment Share on other sites More sharing options...
the galah Posted May 27, 2022 Share Posted May 27, 2022 (edited) The thing is,if the tab are reducing odds on those that receive support,the odds of those that aren't getting supported aren't being lengthened at the corresponding time. They just wait until close to start time before doing the appropriate changes to set a fair market. And as i have said before,the horses who's odds are being reduced on the final field markets,always seem to get support on the tote as well,because that is a big factor as to what horse to back,for many tote who bet on the tote. Edited May 27, 2022 by the galah Quote Link to comment Share on other sites More sharing options...
Rangatira Posted May 27, 2022 Share Posted May 27, 2022 If they are fair dinkum with this they will take the bet to lose 2k at the current quote. 1 Quote Link to comment Share on other sites More sharing options...
mikeynz Posted May 27, 2022 Share Posted May 27, 2022 (edited) Some of this is over my head, but how does one get on with place bets, maybe finishing in the first four, there must be lots of limits on sports as in head to heads, over and unders in Football,(goals)and points in Basketball etc etc Seems to me that no matter what happens the house will probably still win more often than not. Edited May 27, 2022 by mikeynz Quote Link to comment Share on other sites More sharing options...
Rangatira Posted May 27, 2022 Share Posted May 27, 2022 7 minutes ago, mikeynz said: Seems to me that no matter what happens the house will probably still win more often than not. as it should Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 27, 2022 Share Posted May 27, 2022 23 minutes ago, mikeynz said: Some of this is over my head, but how does one get on with place bets, maybe finishing in the first four, there must be lots of limits on sports as in head to heads, over and unders in Football,(goals)and points in Basketball etc etc Seems to me that no matter what happens the house will probably still win more often than not. This is why the TAB should be allowing punters on for bigger amounts. The restrictions are partly to blame for harness racing going backwards and it is long overdue to be encouraging punters on. Yes they will lose sometimes but that is good for them as they will get it back in spades if they introduce new punters into the fray. At the moment they are driving punters away in to get a better gross yield. Stupid business plan that is! 2 Quote Link to comment Share on other sites More sharing options...
mikeynz Posted May 27, 2022 Share Posted May 27, 2022 48 minutes ago, Rangatira said: as it should So this is 29 minutes ago, Brodie said: This is why the TAB should be allowing punters on for bigger amounts. The restrictions are partly to blame for harness racing going backwards and it is long overdue to be encouraging punters on. Yes they will lose sometimes but that is good for them as they will get it back in spades if they introduce new punters into the fray. At the moment they are driving punters away in to get a better gross yield. Stupid business plan that is! So ok, this new limit is for fixed odds win, so effectively there must be limits on top 3, finishing in first four, you never hear of any massive bets on rugby as such like the Crusaders at $1.13 leading with 6 minutes to go,maybe they do happen, seems to me if they didnt have limits somewhere then it would be easy to scalp the TAB completely of funds. Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 28, 2022 Share Posted May 28, 2022 6 hours ago, mikeynz said: So this is So ok, this new limit is for fixed odds win, so effectively there must be limits on top 3, finishing in first four, you never hear of any massive bets on rugby as such like the Crusaders at $1.13 leading with 6 minutes to go,maybe they do happen, seems to me if they didnt have limits somewhere then it would be easy to scalp the TAB completely of funds. Michael Guerin says any bet $2k net! So it should be as well. Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 28, 2022 Share Posted May 28, 2022 Looks like it is only on Fixed Win bets! Nothing else so Na it isnt as good as it first appeared! Come on NZ TAB, open it up to every bet! Play fair the odds are always on your side!,, Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 28, 2022 Share Posted May 28, 2022 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 28, 2022 Share Posted May 28, 2022 (edited) 11 minutes ago, Chief Stipe said: So it is only fixed win bets, NOT Place etc!!!! They need to grow some!! Not beneficial to “The Brodster” at all . Good for some punters though Edited May 28, 2022 by Brodie Quote Link to comment Share on other sites More sharing options...
mikeynz Posted May 28, 2022 Share Posted May 28, 2022 44 minutes ago, Brodie said: So it is only fixed win bets, NOT Place etc!!!! They need to grow some!! Not beneficial to “The Brodster” at all . Good for some punters though So once again what's the limit on place bets, top 4, head to head in rugby, tennis basketball etc etc,can anyone tell me? In 2015 a punter bet 130000 on the ABS to not win the world cup, to pocket 71000 profit. Strangely on the final TAB took a bet of 220000 or something similar in ABS to win, would have been the same punter covering his losses, the ABS won and he got his dosh back but could have lost heavily if Aussie had won. So how much can a punter bet on Djokovic winning the tennis, how much could one bet live when hes a dollar three and a certainty?. A dollar three may not seem much but if you had a hundred grand on it 3 grand in no time, would they accept the bet? I've never heard of these big bets, maybe the TAB only accept those that will most likely lose but not those that will most likely win. Maybe I'm sounding a bit confused but big massive bets seem to be few and far between. Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 28, 2022 Share Posted May 28, 2022 1 hour ago, mikeynz said: So once again what's the limit on place bets, top 4, head to head in rugby, tennis basketball etc etc,can anyone tell me? In 2015 a punter bet 130000 on the ABS to not win the world cup, to pocket 71000 profit. Strangely on the final TAB took a bet of 220000 or something similar in ABS to win, would have been the same punter covering his losses, the ABS won and he got his dosh back but could have lost heavily if Aussie had won. So how much can a punter bet on Djokovic winning the tennis, how much could one bet live when hes a dollar three and a certainty?. A dollar three may not seem much but if you had a hundred grand on it 3 grand in no time, would they accept the bet? I've never heard of these big bets, maybe the TAB only accept those that will most likely lose but not those that will most likely win. Maybe I'm sounding a bit confused but big massive bets seem to be few and far between. Depends who you are as to how much they let you on for! Punters are not treated equally, used to be but they havent been for many years now! If you are a known losing punter then they are more than happy to take their bets, but show any ability to win and they will quickly chop you off!! They tend to take bigger bets on Sports as that is where they tend to make the most money and costs them very little. I did think it was a bit odd last night when it was posted that the NZ TAB was going to be KIND and let any punter net $2k on any bet! I did say I would believe it when I saw it and it appears Brodie was on the money! Hope they do make it on any bet but doubt they will as they want everything in their favour!!! Quote Link to comment Share on other sites More sharing options...
mikeynz Posted May 29, 2022 Share Posted May 29, 2022 18 hours ago, Brodie said: Depends who you are as to how much they let you on for! Punters are not treated equally, used to be but they havent been for many years now! If you are a known losing punter then they are more than happy to take their bets, but show any ability to win and they will quickly chop you off!! They tend to take bigger bets on Sports as that is where they tend to make the most money and costs them very little. I did think it was a bit odd last night when it was posted that the NZ TAB was going to be KIND and let any punter net $2k on any bet! I did say I would believe it when I saw it and it appears Brodie was on the money! Hope they do make it on any bet but doubt they will as they want everything in their favour!!! Did ya stack plenty on the place on Alexy 7 70 on the tote, easy money😁 2 Quote Link to comment Share on other sites More sharing options...
Rangatira Posted May 29, 2022 Share Posted May 29, 2022 On 28/05/2022 at 9:57 PM, Brodie said: Punters are not treated equally, used to be but they havent been for many years now! The tote only days allowed that. Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 29, 2022 Share Posted May 29, 2022 2 hours ago, Rangatira said: The tote only days allowed that. Correct Ranga. I thought in this day of correctness everyone was meant to be treated without bias? Quote Link to comment Share on other sites More sharing options...
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