BETFRED – your chance to ask them about their Tote plans

[Cav]

Bit surprising that such an important source of income to Racing was sold to Betfred on such vagaries as "bursting with ideas", "really excites us", "too early to give an exact answer", "throw some ideas around".

Not one, simple, concrete answer to any Tote question asked here, and a plug for top fixed odds into the bargain.

Thanks for taking the time. Racing is in good hands.

[Silvoir]

Bit surprising that such an important source of income to Racing was sold to Betfred on such vagaries as "bursting with ideas", "really excites us", "too early to give an exact answer", "throw some ideas around".

Not one, simple, concrete answer to any Tote question asked here, and a plug for top fixed odds into the bargain.

Thanks for taking the time. Racing is in good hands.

The key for me, speaking from a strictly personal perspective, was this:

RedRum77
Wed Jun 08, 2011 10:43 pm
by RedRum77 on Wed Jun 08, 2011 10:43 pm

Since your taking over the tote. If I bet with the tote in future, will some of the levy be put back into racing to help
it?

All Betfred shops contribute to the levy and this will continue. We want racing to thrive in this country. Racing is the core product in the Betfred shops and this will always remain the case

Hmm. Any guarantees of payment beyond year one?

[Glenn]

So says the man who backed the bid eminating from a set of Jersey brass plates.

[Glenn]

The 50p minimum jackpot stake. I can contain myself no more.

Why?

We’re told that the tote upped the minimum to ensure bigger rollovers. Let’s leave aside for now the arguments regarding the rollover tail wagging the dog (above) and the general though shalt not win contempt this shows. My question is: How does that work?

Take Steve Whiteley. He had the sole pound running onto the last leg at Exeter. There’s 2 miilion in the pool. He can place that pound on one selection, as he did on a 12/1 shot, or place it on ten selections for 10p stakes

If he places it on one selection there is a 1/13 chance of him copping and 12/13 chance of the full pool rolling over.

Expected rollover = 1.84 million.

If he goes down the 10*10p route. there is a 10/13 chance of 90% of the pool rolling over and a 3/13 chance of the whole 2 million rolling over.

Expected rollover = 1.84 million

How does giving punters choice decrease the build-up of rollovers? They may chip away at the pool more but this is counterbalanced by them wiping it out in one go less often.

[Author]

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