money done in cold fcuking blood thks mr vee moodley

pirates Wrote:

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> we have been through yr pathetic reasoning before
> and i have repeated myself and others on here have
> repeated the answer a million times so i will let
> others answer you ...

Wrong, you've never provided an answer and are avoiding it again..

i havent got the time and the energy to give you a speech on your major shortcomings regarding your views on the open bet and anti open bet story...if i was technically brilliant i would try and recover my thoughts on it on some of the other threads regarding this topic ...

andy Wrote:

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> TIPSTER
> "bookmakers percentages are an absolute joke"
>
> You make a statement (above) do you actually know
> how betting percenatges work< if so please
> enlighten us?

You add 1 on to each of the odds, divide them into 100 and add the quotients togteher to arrive at the total percentage book. e.g 2 horses at even money i.e. even money = 1 add one = 2, 100/2 = 50 so 50 + 50 = 100. So two even money shots in a 2 horse race are a 100% book.

Three horses in a 3 horse field at odds of 8/10, 15/10 and 2/1 - 100/1.8 = 55.6, 100/2.5 = 40, 100/3 = 33.3 - percntage book = (55.6 + 40 + 33.3) = 128.9 i.e bookmakers have a 28.9% advantage.

That sort of overround book would be unacceptable in the UK but is the norm in SA. In fact SA ant-post betting is always over 130%,and come down to less at SP, but is never anywhere near the UK's SP of roundabout between 106-112%. UK bookmakers would be empty if they offered SA odds, but over here people don't understand percentages.

and neither do you understand how a book works and also percentages mr tipster ...do you think that every horse is laid for the same liability at those prices every race ?








??

and another point yr beloved tote is merely a facilitator of bets and they take their cut but bookmakers have a liability and if they lose they lose their own money and ultimetly their living..the tote on the other hand have no liability

another point u must recall with percentages is that a shrewd punter mite back a horse antepost at a much bigger price than it starts and vice versa he can back to early and the price can drift but with yr beloved tote he takes the dividend which we know changes 10 minutes after the race ...example today plenty climbed into the 3 to 1 on offer whiteheads winner in the 3rd race and she started 6 to 10 and paid 1.70 a tote win

another point do you ever include the stretch the bookie gives in yr percentages u when you bet with him?eg if blower price 3 to 1 you will get 33 to 10 or even 7 to 2 with most bookies...

pirates Wrote:

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> and another point yr beloved tote is merely a
> facilitator of bets and they take their cut but
> bookmakers have a liability and if they lose they
> lose their own money and ultimetly their
> living..the tote on the other hand have no
> liability


Well said Pirates Race 1 and race 3 both winners heavily punted no one cared what percentages they were betting to...

pirates Wrote:

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> and neither do you understand how a book works and
> also percentages mr tipster ...do you think that
> every horse is laid for the same liability at
> those prices every race ?
>
>
>
>
>
>
>
>
> ??

Of course they aren't but the point is that their books are way overround and would be unacceptable in the UK. Bookmakers in SA today are also protected by claims. Also explain why if they have different liabilities e.g they could make a loss or have a windfall, the returns to racing are the same every year.

Tipster Wrote:

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> pirates Wrote:
>

---

>

---

> > and neither do you understand how a book works
> and
> > also percentages mr tipster ...do you think
> that
> > every horse is laid for the same liability at
> > those prices every race ?
> >
> >
> >
> >
> >
> >
> >
> >
> > ??
>
> Of course they aren't but the point is that their
> books are way overround and would be unacceptable
> in the UK. Bookmakers in SA today are also
> protected by claims. Also explain why if they have
> different liabilities e.g they could make a loss
> or have a windfall, the returns to racing are the
> same every year.


Tipster who is going to make up their losses...so you only want to know about the windfalls:S

Len Sham Wrote:

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> Tipster Wrote:
>

---

>

---

> > pirates Wrote:
> >
>

---

>
> >

---

> > > and neither do you understand how a book
> works
> > and
> > > also percentages mr tipster ...do you think
> > that
> > > every horse is laid for the same liability at
> > > those prices every race ?
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > ??
> >
> > Of course they aren't but the point is that
> their
> > books are way overround and would be
> unacceptable
> > in the UK. Bookmakers in SA today are also
> > protected by claims. Also explain why if they
> have
> > different liabilities e.g they could make a
> loss
> > or have a windfall, the returns to racing are
> the
> > same every year.
>
>
> Tipster who is going to make up their losses...so
> you only want to know about the windfalls:S

Len, you miss the point. The bookmaker levy in the UK differs by millions every year because the levy is based on gross profit. If an outsider wins the Grand National it usually has a marked affect on the size of the levy.

Here's a quote from the 2010-2011 Horse Racing Betting Levy Board annual report:
The Levy yield for the 49th Levy Scheme (including the Tote) is £59.5m which is 21% below the final yield for the 48th Levy Scheme of £75.3m. This decline is attributable to the decisions in 2009 of a number of the larger bookmakers to move their internet betting operations off-shore and accordingly avoid paying Levy, and the simple fact that bookmakers are generating lower gross profits on British horse-race betting business. There are many explanations given for the drop in bookmakers’ gross profits, such as the uncertain economic outlook and downward pressure on margins. Additionally, 2010/11 witnessed some good results for punters with the joint favourite, Don’t Push It, winning the 2010 Grand National and a run of results at the 2010 Royal Ascot meeting which saw 10 favourites winning. Over the four days, 50% of the races run were won by horses at odds of 9/2 or shorter. This underlines how important the Grand National and the major Festival meetings are for generating Levy.

However, in SA the return from bookmakers is basically the same every year. I was asking Pirates to explain this considering their different libilities as well as having good days and bad days, good Julys and bad Julys etc. e.g. the Met meeting this year was a train smash for punters and should have left the bookmakers flush.

klomp kak. Dat grootmense so kan aangaan. Beweeg aan 'o wyse mense'.