Prize money GB v France.

[The Tatling Cheekily]

Everyone knows the problem, and its been covered in previous posts more eloquently than I could hope to convey.

I’ll just say the bookmakers are greedy, unscrupulous, bastards, who couldn’t give a toss about anything apart from having racing every 5 minutes so folk can hand their money over canny regular if the FBT’s are occupied.

BUY THE SUN

[mickeyjp]

I think all the reasons for the disparity in prizemoney are well documented it’s just the size of the gap I was shocked by. It’s just ridiculous the so called best thoroughbreds are racing for vastly inferior prizemoney. I can see aiden and many other trainers sending more and more good horses to French races which weakens the standard of the uk group ones. Actually really bad look for racing.

[Ex RubyLight]

This is a very intersting link about the ownership in France

http://www.leguidedesproprietaires.com/en

There ist talk about a required yearly income, if you’re a sole owner.

Sole ownership
A horse or several horses owned by one person only

In order to run horses, the future owner has to obtain the approval of the France Galop stewards. The application file can be obtained on request from the Licencing Department at France Galop. The department will confirm receipt of your application and initiate an inquiry by the Ministry of Interior to verify that there are no grounds for refusal (ethical or insufficient funds).
Yearly income as required by the France Galop stewards

75 000 € if the horse is trained in Paris (Chantilly/Maisons-Laffitte),
30 000 € if the horse is trained in the provinces.

Note: income is based on a couple’s earnings where the couple is married under the community of property regime.

[Gingertipster]

Suspect those “greedy unscrupulous bookmakers” problem with a new funding / levy thing isn’t about how much they contribute, it’s about having a fair system that does not disadvantage them against exchanges. Because let’s face it – when it comes to contributions to prize-money – in effect bookmakers only collect the money. All of it actually comes from punters. Bookmakers will just increase the profit from punters so they can pay it into prize money.

French punters have always put far too much in to the French owners, trainers and jockeys pockets. Suspect most of them don’t realise it.

So the question is how much do us punters want to pay to owners, trainers and jockeys? Some might say it is effectively a tax on the comparatively poor to pay the rich.

…And it’s no good saying “I only use Exchanges”, because part of the deal will need to be collecting just as much from Exchanges as Bookmakers.

Over-rounds are bound to go up. ie Us punters would either have to take shorter prices (like French punters do). Or those of us wanting a profit will need to be far more selective – value (a good bet) will be far more difficult to find, may be even impossible.

Value Is Everything

[Devonian]

All of my life following racing has seen continuing moans about poor prize money here with the threat that owners will pull out; but they continue to rock up.

I do find it galling to see inconsistent handicappers and dross racing at Sha Tin and Happy Valley for 10 or 20 times the prize money on offer here though.

[Salut A Toi]

Over-rounds are bound to go up. ie Us punters would either have to take shorter prices (like French punters do). Or those of us wanting a profit will need to be far more selective – value (a good bet) will be far more difficult to find, may be even impossible

A good point and with a fixed percentage take out this would be most sharply felt in small fields but by the same token “value seekers” could be better off in larger fields. Looking at the PMU dividends in the 2yo maidens at La Teste earlier today it looks like the take out is about 17% so in the four runner race the “SPs” were approx 8/11, 5/2, 7/2 & 9/1 which doesn’t make much appeal but in a 14 runner field, a 17% over-round is pretty comparable with what bookmakers would return here isn’t it?

A bigger problem, especially for someone using your methodology, is that with a tote monopoly there is no facility to “take a price” so how can you bet without knowing the odds. Your selection assessed as a 10/1 chance that is showing on the tote as a 20/1 chance might ultimately return 8/1 and that’s no good is it?

[Author]

Posts