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In the Black Type thread, an article by Greg Wood is quoted, which contains the following:
“..the Australian state of New South Wales introduced legislation in January 2015 which forces bookies to honour guarantees on the minimum bets they will lay, and that a number of firms have seen their turnover and profitability rise as a result.”
Maybe the bookmakers’ slash-and-burn approach to any clients who have backed the ‘wrong’ winners (or any winners in some cases) is merely a result of their own paranoia, which negatively affects their bottom-line.
Mike
…And what are the over-rounds these Australian bookmakers work to Mike?
It would be nice to be able to get on, but the price may not be as big. I am a member of an Aussie racing forum and their early odds don’t sound much good to me.Value Is EverythingEven with his inflatable odds given to him Pricewise is in the red.
The column will continue as a bookies benefit as if/when Tom hits a winner 99.9% of his followers don’t get on at the mythical price.Pointless going over old ground Nathan.
Value Is EverythingPointless going over old ground Nathan.
https://theracingforum.co.uk/forums/topic/pricewise-well-past-its-sell-by-date/
Weren’t you the one who brought Pricewise into this thread and proceeded to go over old ground when it wasn’t needed? Nevertheless that was an entertaining thread from last year you brought up with some excellent points that you failed to answer then and fail to answer now.
Is there a reason you always think you are right, most people have an opinion but you consider yourself above that even when no one agrees with you or you are in tiny minority.
Even the Corals lackey doubted the authenticity of the pathetic 10 quid restriction on Mr Singh until he found it was in fact true and then he peddled the arbing line as some sort of excuse.You also have a bad habit of continually confusing fact with your opinion. You state that Pricewise is for the 5 or 10 pound punters not 20 or 30 pound punters but where did you acquire this information, I’ve not seen it anywhere, is it in the bookmakers adverts or the Pricewise column? If what you say is true surely it would be there.
You state Tom Segal stops you getting a price about a horse you have put hours of work into but what about the countless times he has picked a different horse to you? Do you not benefit from that?
Pricewise is nothing more than a bookmakers advert, some of the bookmakers who appear in the table don’t even offer the prices after it’s appeared. The whole thing lacks credibility, he’s putting up prices with bookmakers that don’t lay 2 bananas to a banana so how exactly does he get his bets on with them if he’s apparently so successful?
You never look at the bigger picture, the whole pricewise concept is like you, a farce because bookmakers wont lay bets. They are only interested in risk free profit which isn’t good for the sport as a whole.
Which punters would be worse off without bookmakers?Going back a few years now but when we ran our Pricewise Challenge where we highlighted forumites’ tipping against Pricewise on similar terms (I.e. Odds available when selecting) Pricewise fared very highly each time. Segal is clearly highly astute and knowledgeable and has a good record. I accept you could argue he is scalping prices on ricks but more to it than that. The Pricewise book published a couple if years back has some great hints and it has helped me significantly.
I’m not sure how his sels do at sp but not really a measure you can use as his are overbet usually in the end.
Hardly his fault that bookies won’t lay them and that his paper carry prices of some who hardly lay his sels at all.That challenge enhanced the truth of Tom being given bigger prices
Pricewise did very well and is a great tipster but anyone taking a night price on a horse were always given the Pricewise boost which turned up in the paper the next day.
How can that work….?
Cormack if you are doing your TRF’s York Daily Tipping Sheet and look at oddschecker the night before and tip/advise Nemoralia at 9/4 you would be extremely over the moon if Coral or another bookmaker phoned you up and said hang on boss we are going 3/1 in the morning put that price up instead.
Personally I think it stinks to high heaven. Ginge can say I don’t understand and am a loser can’t find the value etc but I think the bullsh!t prices to boost up Tom’s P/L is criminal.Blackbeard to conquer the World
I think pricewise don’t always quote highest price if only one of certain firms is out on their own but I get what you are saying Nathan, what point quoting/measuring pricewise against odds that no one can back.
I think the price quoted in the pricewise article and headlines should be a price at which a minimum of four firms are offering equal to or greater than.The advertising of profit at advised odds and/or recommended stakes has always been a dubious practice as it’s obviously dependent on the punter being smart enough to get it on; which, in the case of high profile/respected tipsters has never been a simple task, more so I guess these days with bookmakers seemingly to be increasingly gossamer-skinned
If profit is to be advertised at advised odds and recommended stakes then the ASA should insist that profit/loss at SP is included as an adjunct. IMO it wouldn’t reflect badly on a tipster who showed loss at SP; it would actually drive home to the uninitiated just how important it is to better SP if profit from punting is your motive. Any tipster showing a long-term profit at SP would be well advised to take out a full front page advert on the RP
Furthermore – and I’m not accusing Pricewise of doing this – some advised odds from tipsters who use the ‘value’ strategy have long been fictional in that they’re just that – value odds which might never actually be laid
As for Pricewise, and this has been pointed out on several occasions here on TRF, he is surely no more than entertainment for the casual fun punter who wants help finding a winner, as a winner at any price induces the feelgood factor Joe and Joanne crave. Therefore, I doubt very much whether they’re bothered if they get on at advised odds or not
‘Pricewise, he knew. 5/1 this morning, I got 3/1, backed off the boards, great stuff, thanks Pricewise’
Value isn’t everything
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