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Nice one Betfred.
Good idea to pay out less to punters to make it more competetive.
Wonder if ASDA will increase prices to become more competetive.
My thoughts exactly Ken.
http://www.racingpost.com/news/horse-ra … t7DaysNews
Who’s going to bet in a market that takes out 16.5% when other bookmakers are betting to half that, let alone exchanges? It’ll only be in any way "competitive" in large fields, and even then not with exchanges.
You’d have thought by now there was some computer wizz kid who could work out a programme to take out a certain amount per runner instead of the arbitary figure.
They could even have got rid of bookmakers altogether by slashing the takeout to say 5%, so conventional bookmakers wouldn’t be able to compete (so go out of business) and take custom away from exchanges.
This news deserves three
Value Is EverythingWho’s going to bet in a market that takes out 16.5% when other bookmakers are betting to half that
Are you sure? Not one race yesterday was less than half and most were more than 16.5 including 7 out of 8 at Wolves that were more than 20%.
The common factor is bookmakers.Who’s going to bet in a market that takes out 16.5% when other bookmakers are betting to half that
Are you sure? Not one race yesterday was less than half and most were more than 16.5 including 7 out of 8 at Wolves that were more than 20%.
The common factor is bookmakers.Apologies Yeats, should’ve made it clear I was talking about when seen against best early prices, not SP’s.
Anyway, the gaffs are an anomaly, with poor over-rounds due to few on course bookmakers and/or few punters turning up. ie less competition.
Even so, seen against the two other courses, Pontefract and Widsor: Only 4 of the 15 races had over-rounds of more than the new Tote takeout of 116.5%; not a coincidence they were the 4 races with the biggest fields (as I suggested).
Away from the gaffs and large fields 116.5% will not be "competitive". And seen against the best early price from off course bookmakers, even those are unlikely to be favourable unless in extreme field sizes.
You might like to note the best bookmaker early price of each runner Yeats and see how that compares to the Tote’s 116.5%.
Value Is EverythingProbably a reflection that horse race betting is hardly worthwhile for many bookmakers. After a decade of aggressive competition and punter-friendly prices, the margins must be close to breaking point. Sometime soon I can envisage one big concern foregoing the pricing up of races and a domino effect. If offering prices and bets on horse racing no longer makes economic sense then they may well let the exchanges have the business.
Horse Racing doesn’t need bookmakers and bookmakers don’t need Horse Racing.
The best direction for both is to split and go our separate ways, we’ll be a million times better off for it.
Horse Racing doesn’t need bookmakers and bookmakers don’t need Horse Racing.
The best direction for both is to split and go our separate ways, we’ll be a million times better off for it.
This Tote takeout is up to 116.5%, may be you’d like less competition MUH. So they can bet to 120% or 130% or more?
According to the Racing Post website, some foreign races yesterday…
Chantilly only had 1 of the 8 races less than the Tote’s new figure, and that only just at 116, which only had 6 runners.
In Kyoto Japan a Grade 2 had 126%
Maronas (Uruguay?) two Grade 1’s at 142% and 196%.
Value Is EverythingChantilly only had 1 of the 8 races less than the Tote’s new figure, and that only just at 116, which only had 6 runners.
.Most of the races at Newmarket & Ascot last Saturday were betting to bigger percentages than Chantilly yesterday, so it’s not true to say it’s just the rag meetings.
All the betting shops in the country pay out the sp returned at Wolves not just the half a dozen betting there.You’ve got to think of the greater good of the sport Gingertipster not just yourself getting a point or two extra here and there. You can’t even get a decent bet on at early prices and look at the cowboys on the track who won’t even bet each way.
It’s no wonder the take out’s gone up on the Tote, allowing it to be run by a bookmaker, they’re ruining the game.
Horse Racing doesn’t need bookmakers and bookmakers don’t need Horse Racing.
The best direction for both is to split and go our separate ways, we’ll be a million times better off for it.
And exactly how do you work that one out ?
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