Suggestions for a new tote superbet

[Glenn]

What do you all think should replace the super7?

The tote is one sleeping giant that I’d really like to see get their act together, so let’s give ’em a few pointers.

Here’s a twist I think might be interesting: punters are allowed to tick a deal or no deal box for what happens to last lines going into the last leg. This will appeal to anyone who has recurring mares about being Nevisoned.

The exact details require some hammering out but let’s say you have the first six winners and decide to do a deal, the tote could either:

1) open a fresh pool where new punters could bid for these tickets – essentially they’re sold and split up between bidders. The tote might take a cut from this fresh pool or they might just do no deductions and take advantage of the fact that part of the pool is now much more likely to roll over. eg a guy has the sole ticket remaining to win £1m and decides to do a deal – the horse is 4/1 and so the ticket is theoretically worth £200k. The ticket gets bids of £160k, meaning the new bidders are on at 5.25/1. The guy with the six winners gets paid £160k regardless of the last result and £840k gets rolled over

2) settle the bet at face value according to tote odds in the final leg. For example, if two tickets are running up on a selection for £1m and the tote odds are 5.00, each ticket can be cashed in for £100k. This could prove a tremendous fillip to tote win pools on the final leg as people try to affect the value of their ticket, although this will be hard to do to a massive extent as punters can just take advantage of the value being created on other selections.

The idea would be to not only stimulate interest in the bet but stimulate related pools. Many people want to hedge their last leg but at the moment the options to do this lie outside the tote and are unsatistfactory – for example if you are hedging on BF there’s no way to make it clear that you are hedging rather than laying a horse that’s lost a leg, so it soon becomes pretty hard to get much money in the satchel.

[davidbrady]

It all seems a bit complicated to me Glenn (I’m a simple lad!)

Better off the tote decide on an upper limit for the Super7 (say £1m) and once the pool reaches that level, then it

HAS

to be divvied out on the next day’s racing. So if no-one has all 7 winners on the next day, the pool is split between those who have 6 winners, if none of these 5 winners etc etc.

That’s the way the Euromillions Lottery split their prizes once the prize fund goes up to €100m or some other such figure.

[Adrian]

I don’t like 2 quid unit stakes – makes doing perms far too expensive for non-syndicates.

I think all exotics (anything other than win/place) should be flexi-betting like in Oz. Say I want to put 50 quid into the Scoop6, Jackpot, Placepot, Combination forecasts etc then I should be able to put 50 quid on and the computer works out my unit stake based on my permutation.

That way people can budget easier and won’t have the faff of working out their total stake every time.

I can’t believe that our Tote doesn’t copy proven moneymakers used in other countries. Why does everything seem based around the Mantra of "it must reach a Million" – David Ashforth had it spot on.

[davidbrady]

I think all exotics (anything other than win/place) should be flexi-betting like in Oz. Say I want to put 50 quid into the Scoop6, Jackpot, Placepot, Combination forecasts etc then I should be able to put 50 quid on and the computer works out my unit stake based on my permutation.

I have often wondered why this is not implemented

I would much rather have a winner at, say €0.50 per line, than leave out a horse because I can’t afford to double my stake

I would bet on the Scoop6 every week if it were run like this because I can still only lose a fixed amount while still includng all my selections

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