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The Betfair Million was presumably dreamt up as an incentive to lure connections to run top class horses in the Betfair Chase.
It was noted on these pages at the time of this year’s change, that the revised Betfair Million terms are nothing short of ridiculous and offer no incentive whatesoever to run in the Betfair Chase.
A five day stage with just 7 runners left shows that trainers and owners are similarly unimpressed…..
What price a revised structure next year? (or maybe they will just ditch the idea completely)
The "BetFair Million" is too lucrative to give up completely, but similarly BetFair probably don’t want to pay it out too often. Kauto Star has shown just how achieveable the bonus was under the old format, so it appeared that BetFair turned attentions to Denman this year in order to a) have the pair clash in the BetFair Chase and b) have Denman run for the Million in the National (apologies if any of this is stating the obvious).
Truth be told, once BetFair are satisfied that Kauto Star is finished and the three requisite races all become more open, I can see the old format returning.
What price a revised structure next year? (or maybe they will just ditch the idea completely)
Care to quote me a price about it becoming the Betfair £800,000?
so what you saying, change the conditions every year depending on the quality of horse available,
saves ever paying the bonus dunnit,
I’ll give 2 million if a filly can win all 5 classics
so what you saying, change the conditions every year depending on the quality of horse available,
saves ever paying the bonus dunnit,
I’ll give 2 million if a filly can win all 5 classics
Why not eliminate it altogether and add the £1m saved to the whopping £4m contribution to the the levy which Betfair made last year?
That way everyone can benefit rather than just the mega rich owners at Ditcheat – who hardly need the money anyway.
What difference does it make, if anything there would be a smaller field without it and looks an interesting race if most stand their ground and there will be 3 in with a chance of the million after it rather than 1.
A million is peanuts to Betfair anyway with all the money they’re raking in with their premium charges.The difference is surely that it was once winnable if you had a great horse, and that it is now, to all intents and purposes, unwinnable. And if it’s unwinnable, then why bother having the bonus in the first place?
As for three coming out of the race with chances of the Million, I beg to differ.
There isn’t a horse rated less than 157 left in the BetFair Chase. How are any of them supposed to win the National?
It should be renamed the BetFair Bogus – it’s nothing more than expertly executed free publicity.
Pompete, I apologise. I can’t find the source – I used the £4m figure in an argument earlier this year that Betfair don’t pay sufficient to the levy. I relayed the figure in good faith.
The data is here.
In the 46th levy scheme (2007/08 ) all the exchanges combined paid £6.9m. Bear in mind that the big bookmakers paid around £80 million, in my opinion there’s plenty of room for an additional contribution to ensure the continued sustainability of the great sport.
Betfair disagree.
http://www.betfaircorporate.com/pdf/pre … _Aug08.pdf
Sorry about that.
BetFair Bogus "BFG" Million.
Fleshlumpeater 6/4
Bonecruncher 5/2
Manhugger 100/30
Childchewer 5/1
Meatdripper 12/1
Gizzardgulper 25/1
Maidmasher 40/1
Bloodbottler 40/1
Butcher Boy 100/1A possible tenth runner, the New Zealander-eating "Welly-Eating Giant" will only run if he eats-up snozzcumbers the day of the National but may be mysteriously never referred to again.
Backing two runners is the relentless pursuit of value. Backing each way is a shortcut to the poor house. Only 7% make a long term profit.
No problem Max.
I was just taken aback by the figure 4 million as their levy contribution the year before was about 6.5’ish million. So, the 4 million would have represented a large fall in gross profits.
I know what you mean about it seemingly to be a small amount but I suppose 10% is 10%. I bet that fat ugly bookie that gets on C4 pays more, can’t remember his name but you know the one – morning posh bird…must be seething.
if the cryptic description refers to me
please think of my feelings I hurt easily.get back to betfair
There’s two with a shot at it.
Cloudy Lane and Gungadu – they’re the only two in the field who are capable of running top 3 at Haydock, top 3 at Cheltenham and even running in the National (ED and Kauto won’t and the other’s fall by on other counts).
It’s first two at Cheltenham, Martin, and what races are they going to place in at the Festival?
The only races they could conceivably go for are the Gold Cup – where they both have far too much to find to finish in the first two – and the Wm Hill Chase – where they are both pretty much handicapped out of things.
And even if they do manage to place at Cheltenham, they still have to win the National!!
Of course, all of this presumes that both finish in the first three on Saturday, which they probably won’t, because Gungadu is apparently heading for the Becher instead.
That leaves you with Cloudy Lane, who was beaten 33L at Aintree, off a 17lb lower mark last season.
The bonus is not winnable.
please think of my feelings I hurt easily.
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