Pick 6 rules changes

Peter good post and consider many posters here are not idiots and well aware of the implications of the open bet however we are looking at customer satisfaction and the way a punter is treated by Hollywood vs Phumelela as an example.
This site is a very good marketing tool but ignored by the operator and embraced by Hollywood
You be the judge

If a pick 6 is carried over does the operator "take out" again on the carried over amount?

@teamwildracing Wrote:

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> If a pick 6 is carried over does the operator
> "take out" again on the carried over amount?

I would hope not....also what percentage are they taking....what about the money that they put in the startup pools occasionally.....

I wonder what Carte Blanche would make of the P6 rule changes....

It is reading posts like PeterD's that you realise that there are many varied ,meritorious, views on so many areas of the industry.
Surely a combining and debating (albeit some will probably be heated) of a lot of the issues could result in beneficial result/s
There are so many people who love racing and do not enjoy seeing the local product's current downward spiral and as Dave say's,why not more interaction.
The perceived negativity on the site, I believe is sheer frustration (I know mine is)!........ why would anybody who races everyday want it to fail?
What is sad though,is to see it happening through self serving agendas.

A perfect example is the open bet......what Peter and Dave say is correct............it is in racing's best interest for the situation to be resolved but it appears that since the failed supreme court appeal, the industry is out of ideas.
The only one at the moment is to just blame the bookmakers............why not consider strategies to force bookmakers to the negotiating table?
I believe that with pooling of ideas and discussion progress could be made............. but perhaps that's just a pipedream.

Bookmaking has defintely changed,i got shut down the other day for betting a loser and paddy power have limited me to £6.32 of a horse at any price... but a bookie doesnt steal 25% from me everytime i have a bet so i persist and work round their restrictions..

Spread you p6 bets around

Dev will hollywood be upping their limits on the p6 after this rule change?

hibernia Wrote:

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> Bookmaking has defintely changed,i got shut down
> the other day for betting a loser and paddy power
> have limited me to £6.32 of a horse at any
> price... but a bookie doesnt steal 25% from me
> everytime i have a bet so i persist and work round
> their restrictions..
>
> Spread you p6 bets around

In SA the average over-round (bookie's profit margin) on win bets is 20%-30% (These are quoted in the results section of Sporting Post for every race). On ante-post markets like the July, more like 50%.
When a bookie lays you the open bet, he is taking the full deduction that the tote would take as a profit margin.
The only possible benefit to the punter (other than service levels and possibly being able to bet on credit) is not "moving the dividend" with his successful bets. If the pools are big enough, this is only relevant to the very big punters.
So if you think the bookie is not taking 25% of every bet, I'm afraid you are mistaken.
I am not against bookies, but in my view they are there to make a market for when I want to take a fixed price bet. They take on risk, and need to build in a fair profit margin as reward for that risk.
The Betfair exchange model is of course a very different matter- it is the lowest cost option for punters.
BUT- we still have to fund a relatively expensive operation to put on the show, which is done largely through the tote.
I am a breeder and an owner as well as a punter, and I would like the game to be sustainable and successful, and hence I would prefer to see punters taking all their pool exotics directly with the tote- unless the bookies would be prepared to contribute say 10% of open bet turnover to stakes?

All you people claiming that current pools will triple etc if all punters took their bets on the tote are sadly in the dark. lol.

You fail to realize that in the long run, the majority of open bets laid by bookmakers are already taken back on the tote by the bookmakers. Albeit, for maybe a smaller amount. But still, point still stands.

Thor Wrote:

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> All you people claiming that current pools will
> triple etc if all punters took their bets on the
> tote are sadly in the dark. lol.
>
> You fail to realize that in the long run, the
> majority of open bets laid by bookmakers are
> already taken back on the tote by the bookmakers.
> Albeit, for maybe a smaller amount. But still,
> point still stands.

this could be true with most bookies barring hollywood . i am not sure if they take back bets . I say this cause i have punched in tote bets right on the off which makes it impossible for them to take back on the tote . Unless they have a system linked to the tote which does automatic take bets as bets are place .

I think we would be shocked at the amount of money a pool would contain if the bets are all done on the tote .

Solotrama Wrote:

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> Thor Wrote:
>

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>

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> > All you people claiming that current pools will
> > triple etc if all punters took their bets on
> the
> > tote are sadly in the dark. lol.
> >
> > You fail to realize that in the long run, the
> > majority of open bets laid by bookmakers are
> > already taken back on the tote by the
> bookmakers.
> > Albeit, for maybe a smaller amount. But still,
> > point still stands.
>
> this could be true with most bookies barring
> hollywood . i am not sure if they take back bets .
> I say this cause i have punched in tote bets right
> on the off which makes it impossible for them to
> take back on the tote . Unless they have a system
> linked to the tote which does automatic take bets
> as bets are place .
>
> I think we would be shocked at the amount of money
> a pool would contain if the bets are all done on
> the tote .

Hollywood I know for sure does not take back cos I have caught Jackpots and PA's in overseas where I have scooped the whole pool. Recently in Singapore I have caught a quartet that paid 31k two times and was paid out the pool limit of 53K. The same with the Quikmix exotics, Trifectas, Swingers etc played in International or local. I never seen the dividend drop after I have wagered my bet.