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On a serious note though ….the thread was about the appointment of a bookie Rep as head of the BHA
yes it was as I started it
So how do we get sidetracked and find ourselves embroiled…on bookies profits …over rounds , prize monies ….the stable cat
anything but the
topic itself
Why ??
Eddie/Ginger/Ricky – can we stop trading insults please, ta.
Have you noticed how since I became a Legend and Genius I no longer get involved in bitching,even with the forums greatest wind-up merchant Ginger!…. I look **** all like that great lump Nick Rust you cheeky B*stard Ginge.Our tiny Mouths and fat face are all we have in common,I have more hair and weigh half a ton less than him….By the way Ricky,another fine thread of yours,I’m nominating you for Poster of the year…Whoops we digressing again!
On a serious note though ….the thread was about the appointment of a bookie Rep as head of the BHA
yes it was as I started it
So how do we get sidetracked and find ourselves embroiled…on bookies profits …over rounds , prize monies ….the stable cat
anything but the
topic itself
Why ??
…Because you’ve made it clear the reason for your distrust of Rust is your dislike of bookmakers as a punter Ricky… Yet refuse to give any explanation making it clear why/what they’ve done for you hate bookmakers so much.
Value Is Everything@ Mike
imagine per the consultation paper the Levy has been replaced by the Racing Right licence which a bookie must hold before being able to bet on GB horseracing.
imagine a GB racecourse can choose whether, and to whom, to license out its Racing Right.
imagine the Tote monopoly of Betfred has expired, as have existing pictures / commentary deals.
imagine Jockey Club Racecourses decides to band its crown jewels together with those of a few select friends (Ascot, Goodwood, York, whoever) into a Premier League that establishes and runs its own internet pictures and betting platform (of whatever kind) from which the current bookie landscape is excluded.
how important these days to betting on horses in GB is the bookies’ physical high-street presence ?
if increasingly less important (-note each year the RP sells 4,000 fewer copies per day of its physical edition as folk transition to digital-), then aren’t the traditional bookies suffering erosion of their traditional advantage over new entrants and becoming less and less inextricable to racing ?
Wit,
Three British racecourses, Ripon, Chester and Bangor already have their own "Tote platform" of sorts. All it is is Starting Price minus another 10%. Riponbet is not called "Rip Off Bet" for nothing. It’s the worst value bet in Britain with an unbelievably bad overround.I did try to offer an alternative to Bookmaker friendly Britain once. With racing philanthropists getting together and launching a TOTE that could (through being exceptional value for the punter) put all bookmakers out of business and return all profits back to British racing.
https://theracingforum.co.uk/horse-r … tart=&sid=
Value Is EverythingKingy ….thanks …big time appreciated
Ginger ….the reason I dislike the appointment should have been clear from previous posts …I do not know if you read them
anyway
Ill explain again
The governance of the Bha should have some clear independence, some autonomy , some seperation from the betting Industry
With this appointment it loses all of that , the bookies have their man on board , they get what they want ….this is bad news for everyone concerned …and that includes punters , as I have intimated , its likely the AW fixtures will swell even more ,meaning we lose the great diversity in turf racing that makes our racing the best anywhere…going Tapeta or whatever , just makes us more like the USA , God forbid ..look where racing is at there
If you dont get this or understand it , I wont fall out , just please stop posting red herrings
ta
Kingy ….thanks …big time appreciated
Ginger ….the reason I dislike the appointment should have been clear from previous posts …I do not know if you read them
anyway
Ill explain again
The governance of the Bha should have some clear independence, some autonomy , some seperation from the betting Industry
With this appointment it loses all of that , the bookies have their man on board , they get what they want ….this is bad news for everyone concerned …and that includes punters , as I have intimated , its likely the AW fixtures will swell even more ,meaning we lose the great diversity in turf racing that makes our racing the best anywhere…going Tapeta or whatever , just makes us more like the USA , God forbid ..look where racing is at there
If you dont get this or understand it , I wont fall out , just please stop posting red herrings
ta
I get the
"autonomy"
line. Or I would do if you were consistent…
"Anyone but a bookies rep"
… why it should be ok for any other racing faction to have their "man" in the job baffles me. We know you’re against rubbish racing and don’t want to see any more – and the irony is I agree with you Ricky! But it was (after all) the
"Owners man"
Peter Savill responsible for so much of the "rubbish racing" in the first place. The idea being every horse (owner) in the country should have the opportunity to win a race, no matter how useless the horse is. Yet you blame bookmakers for it.
It’s the assumption without any evidence cited from the past (and therefore no evidence for the future) that a bookies man would be any worse than any other "man" I don’t get…
It was also
you
(not I) who first brought up the subject – in
bold type
no less – in your first post on this thread that bookies
"who pay the minimum to achieve the maximum profit for themselves"
… Yet took great exception when I pointed out… Bookmaker profits come from the wallets of punters, so if bookmakers paid more then that money needed to (in fact) come from punters.
But as you say, I won’t fall out.
Value Is Everything@ Mike
imagine per the consultation paper the Levy has been replaced by the Racing Right licence which a bookie must hold before being able to bet on GB horseracing.
imagine a GB racecourse can choose whether, and to whom, to license out its Racing Right.
imagine the Tote monopoly of Betfred has expired, as have existing pictures / commentary deals.
imagine Jockey Club Racecourses decides to band its crown jewels together with those of a few select friends (Ascot, Goodwood, York, whoever) into a Premier League that establishes and runs its own internet pictures and betting platform (of whatever kind) from which the current bookie landscape is excluded.
how important these days to betting on horses in GB is the bookies’ physical high-street presence ?
if increasingly less important (-note each year the RP sells 4,000 fewer copies per day of its physical edition as folk transition to digital-), then aren’t the traditional bookies suffering erosion of their traditional advantage over new entrants and becoming less and less inextricable to racing ?
Well it’s optimistic stuff Wit, but there’s an awful lot of stars that would need to align to make it feasible.
If your mooted ‘Premier League’ of courses did exist with it’s own betting platform, could I bet at other courses with it? What about a multiple bet with other courses involved? What about a Red Rum/Man Utd double? Racecourses would surely have to be united with one big betting platform, rather than a number of small ones – otherwise they would have to compete against each other by dropping margins, and thus revenue.
Another key problem (as identified by Steeplechasing Joe in response to Ginge’s alternative Tote idea) would be a complete lack of distribution channels. This would have to be an online only venture. Wm Hills latest account show that even in the youngest (ergo: potentially most tech savvy) age group, retail betting has a 50% market share, with online 21% and a combination of the two 29%. In the oldest group (55+) that leaps to an 80% market share.
And this leads to the lack of ‘trading off’, when punters have a racing bet when they’ve been drawn to the on-line site/shop to place a football etc bet. Realistically, the Racing Tote would have to offer odds on all other sports as well or see punters drift elsewhere. This means stumping up for all rights to bet on them. On-line sites are profitable as they offer all sorts of betting from The X-Factor to virtual casinos.
Margins would also be key. Fred Done’s Tote grabs an eye-watering 22% from his win pool. One can bet at 2% margin and 1-5% commission on Betfair. If margins were high, punters would desert in droves – if they are low, then less funding will accrue.
I’m not saying these ideas are impossible, but I doubt whether an on-line only, racing-only, low-margin site would be enough to finance racing at anywhere near even current levels. Furthermore, it may take many years for such an idea to gain traction. How does racing fund itself in the meantime?
Mike
So how do we get sidetracked and find ourselves embroiled…on bookies profits …over rounds , prize monies ….the stable cat
anything but the
topic itself
Why ??
It’s the joy of forums Ricky, happens all the time. I actually like it, it’d be boring if we have to stick to the exact parameters of every question.
Don’t think there’s anything wrong talking about racing on a racing forum.
Mike
sorry Boss
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