- This topic has 118 replies, 28 voices, and was last updated 19 years, 2 months ago by
.
- Posts
.. no not shares, he’s got got his snout in the Bookies trough !!
The RP reckon bookies margins are up 21% since the new SP system was introduced on 1/11/06 .. good for racing?
No, not good for racing .. treating punters with contempt will see the end of it eventually.
Lord D strikes back in defense of the new SP system ..
From RP .. Lord Donoughue, chairman of the Starting Price Regulatory Commission, stood by reforms that he believes best reflect Britain’s on-course betting market – and said it was not his panel’s remit to react because margins have tilted more in favour of bookmakers.
<br>.. it begs the question, then why change it in the first place?
He goes on to say .. <br>
If the bookmakers push their margins too far, people can vote with their feet. There are lots of other alternatives.
<br>.. I dont see how soemone with this attitude can have the best interests of racing at heart.
If things dont change in the next 6 months racing is doomed I reckon.
Dave
If he thinks people should vote with their feet, then why the feck have a SP system and speak of integrity
Just let bookies do what they want, as they seem to be doing now
(Edited by empty wallet at 3:56 pm on Jan. 13, 2007)
Top MP Alan Meale has waded into the SP debate ..
quote .. <br>Meale said: "I don’t think anyone can challenge the fact that this has been a bookmaker-interest reform. It beggars belief that the racing industry should be in favour of bookmakers getting more money and customers getting less.â€ÂÂ
Greedy bookies cleaned up again at Lingers today .. going 2% a runner across the card.
The 4:20 race was the worst where they managed to scam a staggering 2.8% .. !
Still no news from the Cartel about this shambles.
it was great we mugged every punter didn’t lay a winner all day sent the [punters home crying for mercy, yippee.
you lot do talk some b*******
dont even think I will educate you with a response to this nonsense.
Well done Barry. Keep on ripping off the punters until the Golden Goose is dead and in a box.
Baz,<br>your bookie chappie mates were searching through their pockets to pay out from the last race @ Leicester today though;) <br>Mounty had to lend them some money from his winnings to enable them to pay out!<br>Could be your turn soon!
- Total Posts 17716
How are you going to educate us, Barry, like Fagin; or maybe Alastair Campbell?:biggrin:
Yesterday’s average over-rounds:
Lingfield      2.2%  per rnr<br>Leicester      1.5%<br>Musselburgh   1.47%
Seems like the further South the punter travels, the deeper he is in the doo-doo.<br> Or maybe Musselburgh is too far for Lord D to attend a junket?
(Edited by reet hard at 6:20 am on Feb. 15, 2007)
Barry<br>If you reckon you cleaned up at Lingfield yesterday (14 Feb) and ”did not lay a winner and sent the punters home crying for mercy” you must have been at a different race track or punters avoid trading with you.<br>Out of a 6 race card yesterday 3 sole favourites won and as you know only was was odds on (1/2).<br>(Fav backers would surely have gone home happy with the 9/2 winner in the last race.)
I would suggest you must have surely been hit at least once.:o
The other problem you have is the pitches overall are not worth much, and you only have to see what is on offer on the NJPC site to confirm that and they are certainly not worth what you paid in the past and to carry on ripping off the percentages will eventually mean more and more find their way to the exchanges and your pitches fall even more in value.
You seem to be in denial but on course firms such as yours are a dying breed but intstead of attempting to survive by offering your customers value are really putting the noose around your own necks.
ps I dont understand ‘this education thing’ you often seem to use.<br> You dont have to be educated to see what is going on with the percentages and you certainly dont have to be educated to know the way to avoid it.
Seagull Posted on 8:01 am on Feb. 15, 2007 <br>You dont have to be educated to see what is going on with the percentages and you certainly dont have to be educated to know the way to avoid it.
<br>.. quality Seagull !
I fear Barry was revealing the awful truth if you re-read his statement from the correct angle:
it was great we mugged every punter didn’t lay a winner all day sent the [punters home crying for mercy, yippee.
– he didn’t lay any bets, merely putting up chalk prices for the offices ( a la BAGS)<br>- the percentages meant that every punter in the land was mugged<br>- the punters in the LBOs went home crying for mercy
It’s the way things work these days.
Glenn .. do you really think that these ridiculously bad returns are being made by bookies that arent taking any money at all? If that was true who is paying their bills .. ?
I could understand the big3 sending a few lackies their to stand around and put up silly prices all day, just to manipulate the SP, but what effect would that have on the overall return?
If we go back this last meeting at Lingfield where 3 winning favourites won at returns of 1/2, 4/1 and 9/2 and also a second favourite @ 9/4 won and no complete rags won either it would take a lot of ‘education’ from one of the top joints there to really think they did not at least lay one winner.<br>I know the overounds were stacked up against the punters both on course and off course but they did still manage to find 50% of the winners and at the published returns even folks betting blind on favourites which must cover over half of betting shop punters must have made a profit.
Even the old ‘Follow Don Cantillon horses when they start favourite’ trend which has been very profitable in the past to level stakes obliged at 9/2.
So whilst there was a rip off again with the prices that day I still think it would have been a losing day especially after the expenses were added.
There’s one thing that drives me nuts about McCririck the way he constantly refers to Tanya Stevenson as "Female"
3.40 Taunton: front three in the market all clipped and then, seconds before the off BANG the fourth fav gets clipped from 25s to 14s in one fell swoop, at a time he was around 50s and friendless on BF.
Ever get the feeling you’ve been cheated?
How many firms on-course decreased the price on the horse in the final minute and did they all have off-course interests?
- You must be logged in to reply to this topic.