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Bit Of A Yarn

Is this the first cracks in a sinking ship .


nomates

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The Tab has told the 3 racing codes that distribution for the rest of the season will reduced by 15Mil , NZTR's share of the the reduction is 8.5Mil .

NZTR via a video release fronted by C George and B Sharrock ( came across like Bill and Ben the flower pot men ) , have made a decision to cover this reduction in distribution from reserves .

This has been coming , looking at the monthly figures from the TAB they have consistently been below projected amounts .

George and Sharrock said that whilst NZTR will maintain the status quo for the rest of this season if things continue they will have to review things for the 23/24 season .

Going to be an interesting watch over the coming months .

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2 hours ago, nomates said:

 

NZTR via a video release fronted by C George and B Sharrock ( came across like Bill and Ben the flower pot men ) , have made a decision to cover this reduction in distribution from reserves .

 

Stunned mullets ...Oh and while we are at it, don't forget to go and buy a horse at Karaka !

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Quite bizarre all round really. Did the TAB and NZTR not notice that fields have been rubbish for several months and as a consequence turnovers were plummeting. Surely they knew it was coming. NZTR must have only been told officially a couple of days ago as less than a week ago they added a new $30,000 race at the next Awapuni meeting. Surely they wouldn't have done that if they had known the predicament Racing was in.

Why use reserves to maintain stakes levels for another 8 months?That can only mean they expect everything to come right after 8 months, or even before. It seems totally irresponsible if they don't know for certain that there is a financial windfall coming.

Some people might not think so, but there is a lot of excess stakes money that could be pruned to save money. Most feature meetings the $40,000 open races could be cut to $35,000. Races like the Telegraph and Dyke at $350,000 and $450,000 could easily have $50,000 pruned off them and still attract the same field. In hindsight was it really a great idea to run the 2,000 Guineas for $550,000 and not $500,000? A couple of weeks ago at Awapuni the open $40,000 race race attracted such a poor field it ended up with a 74 top weight so than ran it as a 74, but still retained the $40,000.  They have to bite the bullet and realise the situation racing is in. Write it into the conditions that if an open race attracts a shit field and runs as a 74 then it runs for a 74 stake.

The $60,000 and $70,000 minimums on these iconic days might just have to be cut to $50,000. The fields will be the same.  It may be that they have to advertise a lot of races at lower stakes, say $30,000 for open races, but if the race attracts a decent sized field, say 10 or more actual starters, and gets say at least a couple of horses over 85 then they boost the stake accordingly.  You could hardly say the $50,000 minimums at Trentham today have attracted outstanding fields.

One thing they can't do is lower the $14,000 minimum stakes. Although they have to find some way around the excess scratchings in such races in the NI. Four 2 dividend races at Rotorua this week and three at Taranaki on a seven race card. That is just not an efficient use of funds.

Saying they aren't going to do anything, just use reserves, is real head in the sand stuff. Just like these desperate clubs that keep selling off land until they have none left. I have no idea how much reserves they have. Obviously they have been built up by spending nothing on tracks or facilities. If they have to use $8.5m to boost stakes for 8 months this year that means over $12m to maintain stakes for all of next season.

They don't really give you the impression of competent management who have all this in hand. "Don't worry, we've got this. Cameron is going to spend the half time breaks in the warriors games working on saving NZ Racing. And if they miss the finals series he will have another couple of months to work on Racing."

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That old saying, ''Prevention is better than cure'' is so poignant in this instance is it not?

A good tailor cuts his cloth accordingly, a good tailor that is, to implement change for the better you have to have people capable, sadly as history has proven NZTR and TAB do not have those people, they fail upwards in NZ, one of the few countries on the planet where that is possible.

The Aussies and the Pom have contributed greatly to the malaise known as NZ racing, you know who they are, the buck stops with the Kiwi or Kiwi's that appointed those losers though and the ONLY way things will get better is root and branch reform. 

I say that ad nauseam yes I admit that, but IMO it's the only way forward, to do that you need people with vision, skin in the game but not private agendas like those that have gone before them.....if the national team in any sport keeps getting beaten, you change the coach, NRL/NFL/AFL/NZRU it shouldn't be any different and in most cases it's not, EPL is the strongest pointer, would they put up with terrible failing coaches? No way Jose.

Unfortunately a lot of us could see this coming, we chatted about it on here and privately, what a shame NZTR didn't/doesn't  call for a national moratorium and take suggestions from the floor and in private, there are some wise heads out there, some even still care ....a bit......are you listening Petone.

Cheers

Joe.

 

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56 minutes ago, Doomed said:

Quite bizarre all round really. Did the TAB and NZTR not notice that fields have been rubbish for several months and as a consequence turnovers were plummeting. Surely they knew it was coming. NZTR must have only been told officially a couple of days ago as less than a week ago they added a new $30,000 race at the next Awapuni meeting. Surely they wouldn't have done that if they had known the predicament Racing was in.

Some of us on BOAY have been pointing out the declining revenue for months as well as the funding hole for the RIB.  The latter is about 9m+ missing from pokie funding.  The TAB monthly performance report has been progressively getting later.  We are still waiting to see the October 2022 results published.  Initially the monthly results were published around the 20th of the month following.  Last month it was the 31st.  For the October report we are now past 3 December.

There is some irony in the TAB's lauding of the advantaged few......

Boys Get Paid more than half a million by TAB NZ

14 November 2022
BGP.jpg

TAB NZ bookmakers are licking their wounds after the Boys Get Paid (BGP) national syndicate made a profit of more than $500,000 at New Zealand Cup Week.

The syndicate, which was open for any TAB customer to join, started with a pool of almost $230,000 on Tuesday morning and BGP’s expert tipsters grew the pool to almost $740,000, meaning all 5000 participants more than tripled their money for every dollar they invested.

The tipsters pulled off some monster bets, including $60,000 on He’s A Doozy at $5.50 to win the Coupland’s Bakeries Mile at Riccarton on Wednesday, returning $330,000.

"When He’s A Doozy loomed up at the top of the straight, I switched the TV off - no one wants to watch $300,000 disappear in front of their eyes,” TAB NZ Chief Betting Officer Simon Thomas says.

The syndicate chalked up a $250,000 return from a bet at the Addington harness meeting on Friday and a $128,000 win at the NZ Greyhound Cup meeting, where their $120,000 of bets helped push the turnover at the meeting on Thursday past the $1 million mark for the first time in New Zealand greyhound racing history.

“The BGP tipsters had clearly done their homework, and our team was nervously waiting to see where they’d go next,” Simon Thomas says.

Boys Get Paid founder Luke Kemeys is proud of the sense of community the syndicate’s wins created, as they watched the bets unfold.

‘’It was outstanding to have so many people tuning in from all over New Zealand watching the bets and screaming them home,” Luke Kemeys says.

‘’The community really got in behind this Cup Week punters club and it seems the entire industry did too’’.

The TAB NZ bookmakers will now steel themselves for the next clash with the BGP masterminds.

"We're racing fans too and, while it's not ideal losing half a million on the biggest week of the year, it's been a lot of fun and we've loved seeing what BGP are doing for NZ racing. We look forward to going again at the 2023 Karaka Million,” Simon Thomas says.

Biggest winning bets:

  • $60,000 on He’s A Doozy at $5.50 - returned $330,000 (thoroughbreds)
  • $12,500 win/$27,500 place on Cyrus at $12/$3.50 - returned $246,250 (harness)
  • $40,000 on Goldstar Carlito at $3.20 - returned $128,000 (greyhounds)
  • $50,000 on Sky On Fire at $2.20 - returned $110,000 (thoroughbreds)
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1 hour ago, Chief Stipe said:

Some of us on BOAY have been pointing out the declining revenue for months as well as the funding hole for the RIB.  The latter is about 9m+ missing from pokie funding.  The TAB monthly performance report has been progressively getting later.  We are still waiting to see the October 2022 results published.  Initially the monthly results were published around the 20th of the month following.  Last month it was the 31st.  For the October report we are now past 3 December.

There is some irony in the TAB's lauding of the advantaged few......

Boys Get Paid more than half a million by TAB NZ

14 November 2022
BGP.jpg

TAB NZ bookmakers are licking their wounds after the Boys Get Paid (BGP) national syndicate made a profit of more than $500,000 at New Zealand Cup Week.

The syndicate, which was open for any TAB customer to join, started with a pool of almost $230,000 on Tuesday morning and BGP’s expert tipsters grew the pool to almost $740,000, meaning all 5000 participants more than tripled their money for every dollar they invested.

The tipsters pulled off some monster bets, including $60,000 on He’s A Doozy at $5.50 to win the Coupland’s Bakeries Mile at Riccarton on Wednesday, returning $330,000.

"When He’s A Doozy loomed up at the top of the straight, I switched the TV off - no one wants to watch $300,000 disappear in front of their eyes,” TAB NZ Chief Betting Officer Simon Thomas says.

The syndicate chalked up a $250,000 return from a bet at the Addington harness meeting on Friday and a $128,000 win at the NZ Greyhound Cup meeting, where their $120,000 of bets helped push the turnover at the meeting on Thursday past the $1 million mark for the first time in New Zealand greyhound racing history.

“The BGP tipsters had clearly done their homework, and our team was nervously waiting to see where they’d go next,” Simon Thomas says.

Boys Get Paid founder Luke Kemeys is proud of the sense of community the syndicate’s wins created, as they watched the bets unfold.

‘’It was outstanding to have so many people tuning in from all over New Zealand watching the bets and screaming them home,” Luke Kemeys says.

‘’The community really got in behind this Cup Week punters club and it seems the entire industry did too’’.

The TAB NZ bookmakers will now steel themselves for the next clash with the BGP masterminds.

"We're racing fans too and, while it's not ideal losing half a million on the biggest week of the year, it's been a lot of fun and we've loved seeing what BGP are doing for NZ racing. We look forward to going again at the 2023 Karaka Million,” Simon Thomas says.

Biggest winning bets:

  • $60,000 on He’s A Doozy at $5.50 - returned $330,000 (thoroughbreds)
  • $12,500 win/$27,500 place on Cyrus at $12/$3.50 - returned $246,250 (harness)
  • $40,000 on Goldstar Carlito at $3.20 - returned $128,000 (greyhounds)
  • $50,000 on Sky On Fire at $2.20 - returned $110,000 (thoroughbreds)

Interesting comment that losing 500000, is not ideal it's still been a lot of fun and good to see what BGP are doing for NZ racing, very interesting.

Simple reality is there are not enough people losing enough money by betting more and more, if they were that would be great for NZ racing, what a strange business gambling can be😄

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2 hours ago, Doomed said:

Quite bizarre all round really. Did the TAB and NZTR not notice that fields have been rubbish for several months and as a consequence turnovers were plummeting. Surely they knew it was coming. NZTR must have only been told officially a couple of days ago as less than a week ago they added a new $30,000 race at the next Awapuni meeting. Surely they wouldn't have done that if they had known the predicament Racing was in.

Why use reserves to maintain stakes levels for another 8 months?That can only mean they expect everything to come right after 8 months, or even before. It seems totally irresponsible if they don't know for certain that there is a financial windfall coming.

Some people might not think so, but there is a lot of excess stakes money that could be pruned to save money. Most feature meetings the $40,000 open races could be cut to $35,000. Races like the Telegraph and Dyke at $350,000 and $450,000 could easily have $50,000 pruned off them and still attract the same field. In hindsight was it really a great idea to run the 2,000 Guineas for $550,000 and not $500,000? A couple of weeks ago at Awapuni the open $40,000 race race attracted such a poor field it ended up with a 74 top weight so than ran it as a 74, but still retained the $40,000.  They have to bite the bullet and realise the situation racing is in. Write it into the conditions that if an open race attracts a shit field and runs as a 74 then it runs for a 74 stake.

The $60,000 and $70,000 minimums on these iconic days might just have to be cut to $50,000. The fields will be the same.  It may be that they have to advertise a lot of races at lower stakes, say $30,000 for open races, but if the race attracts a decent sized field, say 10 or more actual starters, and gets say at least a couple of horses over 85 then they boost the stake accordingly.  You could hardly say the $50,000 minimums at Trentham today have attracted outstanding fields.

One thing they can't do is lower the $14,000 minimum stakes. Although they have to find some way around the excess scratchings in such races in the NI. Four 2 dividend races at Rotorua this week and three at Taranaki on a seven race card. That is just not an efficient use of funds.

Saying they aren't going to do anything, just use reserves, is real head in the sand stuff. Just like these desperate clubs that keep selling off land until they have none left. I have no idea how much reserves they have. Obviously they have been built up by spending nothing on tracks or facilities. If they have to use $8.5m to boost stakes for 8 months this year that means over $12m to maintain stakes for all of next season.

They don't really give you the impression of competent management who have all this in hand. "Don't worry, we've got this. Cameron is going to spend the half time breaks in the warriors games working on saving NZ Racing. And if they miss the finals series he will have another couple of months to work on Racing."

Great post Doomed , some very salient points .

The bottom line is that the 8.5Mil hole equates to an average of 163k per week they have to trim .

As you said the one stake they mustn't touch is the 14k minimum but as a betting man i would comfortably put money on them being one of the first they cut , their thinking will be that there are so many of that level run they can make a substantial saving right there , like National giving the top end a tax cut , make the plebs pay .

Bruce Sharrock looked completely defeated in that video , like this was something he definitely wasn't expecting , but take a good look people , these are the 2 leaders who have to bring the industry thru this , i wouldn't be putting any money on them .

There is so many issues within our industry that they haven't even looked like solving this could well be the final nail in the coffin . Which could be a good thing in as much it could well force major change from outside the industry , the Govt can't afford racing to fall over .

Queensland have just announced a 31Mil increase in stakes for next season , we can only dream , this is basically coming from the Govt handing the tax take from racing back to them . I think this is honestly the only way that NZ racing ever gets it's house back in any semblance of order , a 5 year hiatus on our tax take , can't see it happening .

If it did happen then it cannot be put into the hands of the same moronic management that has pissed NZ racings financial stability against a wall , as Joe Bloggs says there needs to be a root and branch clear out , if it gets to that stage then the new racing image won't resemble anything like racing as we have known , which is exactly what needs to happen , it needs to be reformed to future proof NZ racing for the next 100+ years .

This job currently is way too big for the current bunch , the fact they haven't even looked to start changing anything , just hanging onto Geo blocking to save their arses , and going to keep the current stakes with reserves and just wait and see what happens at the end of the season means that change needs to start at the top . I mean they wouldn't want to start being pro active and start working on a plan on what they are going to do next season for the betterment of industry participants , because the TAB isn't going to suddenly turn this around .

Will any of this happen , more likely not , so i suggest people sit back and hope they don't get swept away in the tsunami that is coming .

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Now listen NM, I know you're older than Gods dog, however, NZ Racing needs people like you, Doomed, Reefton and Freda who could be the trainers voice.....yes there are more 'high profile' trainers than Freda, but they can't be trusted as history has proved, already on here the input from you lot proves one thing.....there is the intelligence out there alongside racing knowledge, that is whats needed.

If Petone makes the call, you guys gotta go up there, they need help, a lot of it too, if they are honest they'll admit that, if so do the right thing team.....go help em........#yougotwhatittakes 

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4 hours ago, Doomed said:

Quite bizarre all round really. Did the TAB and NZTR not notice that fields have been rubbish for several months and as a consequence turnovers were plummeting. Surely they knew it was coming. NZTR must have only been told officially a couple of days ago as less than a week ago they added a new $30,000 race at the next Awapuni meeting. Surely they wouldn't have done that if they had known the predicament Racing was in.

Why use reserves to maintain stakes levels for another 8 months?That can only mean they expect everything to come right after 8 months, or even before. It seems totally irresponsible if they don't know for certain that there is a financial windfall coming.

Some people might not think so, but there is a lot of excess stakes money that could be pruned to save money. Most feature meetings the $40,000 open races could be cut to $35,000. Races like the Telegraph and Dyke at $350,000 and $450,000 could easily have $50,000 pruned off them and still attract the same field. In hindsight was it really a great idea to run the 2,000 Guineas for $550,000 and not $500,000? A couple of weeks ago at Awapuni the open $40,000 race race attracted such a poor field it ended up with a 74 top weight so than ran it as a 74, but still retained the $40,000.  They have to bite the bullet and realise the situation racing is in. Write it into the conditions that if an open race attracts a shit field and runs as a 74 then it runs for a 74 stake.

The $60,000 and $70,000 minimums on these iconic days might just have to be cut to $50,000. The fields will be the same.  It may be that they have to advertise a lot of races at lower stakes, say $30,000 for open races, but if the race attracts a decent sized field, say 10 or more actual starters, and gets say at least a couple of horses over 85 then they boost the stake accordingly.  You could hardly say the $50,000 minimums at Trentham today have attracted outstanding fields.

One thing they can't do is lower the $14,000 minimum stakes. Although they have to find some way around the excess scratchings in such races in the NI. Four 2 dividend races at Rotorua this week and three at Taranaki on a seven race card. That is just not an efficient use of funds.

Saying they aren't going to do anything, just use reserves, is real head in the sand stuff. Just like these desperate clubs that keep selling off land until they have none left. I have no idea how much reserves they have. Obviously they have been built up by spending nothing on tracks or facilities. If they have to use $8.5m to boost stakes for 8 months this year that means over $12m to maintain stakes for all of next season.

They don't really give you the impression of competent management who have all this in hand. "Don't worry, we've got this. Cameron is going to spend the half time breaks in the warriors games working on saving NZ Racing. And if they miss the finals series he will have another couple of months to work on Racing."

You're too intelligent to be posting here

Go away

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50 minutes ago, nomates said:

Bruce Sharrock looked completely defeated in that video , like this was something he definitely wasn't expecting

If that's the case then he isn't CEO material at all.  The warning signs were there for all to see in the TAB monthly performance reports published online.  Unless you were @JJ Flash or your last name was McKenzie.

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Trentham today gives us a small window into one of the issues NZ racing faces , hardly a soul in the public area , it's a pretty good raceday , better than many , yet very few have bothered . A lot of this lies at the feet of both the TAB and NZTR , they have alienated so many punters and racing enthusiasts over the last couple of decades . 

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52 minutes ago, nomates said:

Trentham today gives us a small window into one of the issues NZ racing faces , hardly a soul in the public area , it's a pretty good raceday , better than many , yet very few have bothered . A lot of this lies at the feet of both the TAB and NZTR , they have alienated so many punters and racing enthusiasts over the last couple of decades . 

And this is the pre xmas window that most other clubs would die for. Probably be interesting to compare today's Trentham crowd to the Geraldine trots last week.

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54 minutes ago, nomates said:

Trentham today gives us a small window into one of the issues NZ racing faces , hardly a soul in the public area , it's a pretty good raceday , better than many , yet very few have bothered . A lot of this lies at the feet of both the TAB and NZTR , they have alienated so many punters and racing enthusiasts over the last couple of decades . 

That's the big issue, no one wants to go. Was it even advertised that there is a race meeting there today, I mean to those who don't follow the game religiously and would  know it's on. I'm in the 'greater Wellington region' and certainly no advertising on radio or print media on our side of the ranges. 

I had thought about going over, getting a few mates for a day out but the price of booze and below average food isn't exactly a good selling point for my casual race follower mates.  

Edited by Bid
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26 minutes ago, Bid said:

That's the big issue, no one wants to go. Was it even advertised that there is a race meeting there today, I mean to those who don't follow the game religiously and would  know it's on. I'm in the 'greater Wellington region' and certainly no advertising on radio or print media on our side of the ranges. 

I had thought about going over, getting a few mates for a day out but the price of booze and below average food isn't exactly a good selling point for my casual race follower mates.  

Promotion of Racing was pushed off the TAB balance sheet and now is the sole responsibility of the respective code administrators and the clubs.

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50 minutes ago, Bid said:

That's the big issue, no one wants to go. Was it even advertised that there is a race meeting there today, I mean to those who don't follow the game religiously and would  know it's on. I'm in the 'greater Wellington region' and certainly no advertising on radio or print media on our side of the ranges. 

I had thought about going over, getting a few mates for a day out but the price of booze and below average food isn't exactly a good selling point for my casual race follower mates.  

And in 2 sentences you list so many of our issues , and most if not all are simple solves and would be good business 

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3 hours ago, Joe Bloggs said:

Now listen NM, I know you're older than Gods dog, however, NZ Racing needs people like you, Doomed, Reefton and Freda who could be the trainers voice.....yes there are more 'high profile' trainers than Freda, but they can't be trusted as history has proved, already on here the input from you lot proves one thing.....there is the intelligence out there alongside racing knowledge, that is whats needed.

If Petone makes the call, you guys gotta go up there, they need help, a lot of it too, if they are honest they'll admit that, if so do the right thing team.....go help em........#yougotwhatittakes 

Thank you Joe. I will keep a couple of days clear in my calendar pre Xmas just in case they come calling. Reefton might be busy organising his race-meeting, and mowing the grass. Freda should be ok, she doesn't have much in the way of decent local racing until the end of January now.

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