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Ridersonthestorm33 likes this post.
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Gilgamesh likes this post.
Many punter's who were betting 90% on the horses and 10% on sports, that balance is now tilting more and more in the other direction.
Sports Betting will continue to take the world by storm - Racing/tote betting will spiral backwards if their not careful.
Pleased to see Stephen Brassel mention something I've harped on about enough times...rounding down of dividends.
Also have noticed the % corporate's now betting ( due to their increased costs ) have worsened.
Competition between tote/corps/on course bookmaker should never have been better - instead it's being railroaded and taking the punter's with it.
TheDiva, thefalcon likes this post.
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Ridersonthestorm33 likes this post.
Ridersonthestorm33 likes this post.
A two horse race ( it happens occasionally ) on the tote...look at the dividends on the two runners - it's excruciatingly bad...high takeout and rounding dividends down.
Bookmakers % and markets are becoming woeful - due mostly to all the excessive taxing - and the punter is paying through the nose.
They are not going to bet $1.65 v $1.65 North Melbourne v Hawthorn this week...why should punter's accept those odds on horse racing ?
If not careful ( and it's already happening ) decent punter's will go the same way as the evening newspaper, polio and the do-do bird - to the oblivion or sports betting.
The big days will always be successful - but recall saying 25 years ago - what racing really wants is all tote betting and empty grandstands.
25 years on - not all tote betting - but bookies on track have declined in numbers - now Corporate's and Tabs betting 125 -150% markets when they jump away.
Noticed a little while ago - Corp odds getting worse - their hands are tied, it's got so bad lately with market % that the tote is starting to look good - their must be a problem - perhaps empty grand stands and all tote betting is closer to the mark. POT is killing the bookie side of it.
If you want mostly tote betting then what should be in place but they can't cut through the red tape despite Tabcorps monopoly...
National Tote Pool - win and place take out 10%.
All other betting trifecta's etc 15%.
It's wall to wall racing - lower the take out rate. Competition between all parties should never have been better for the punter - instead it's never been worse.
The article above by that guy is spot on.
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RIO, Manchild, detonator likes this post.