If The Tote Was A Supermarket........

lets not get started with that commingling crap....

> if every win bet went through the tote I and many
> others would stop punting


Which circles back to my earlier point, if the tote went away there would be no racing today.

A quick glance at Interbet shows that the average profit margin for the races at Kenilworth and Turffontein is 29% for the advertised betting column and 15% for the best available column. Places around 20%. to this you must add the 6% tax to get the full equivalent take out for bookmaker bets to compare to the tote takeout. This is fact, not opinion.
The reason that bookies need a profit margin is because they put their capital at risk. But, their customers pay for this.
However, from a customer point of view, the actuai " brine content" is at least 21% for wins and 26% for places.
The tote " brine content " is therefore no worse for customers.
The tote supermarket built and maintains the road that the customers must use to get to both shops. The bookie supermarket pays a small road levy which is a fraction of the cost of the common infrastructure provided by the tote supermarket.
The bookie supermarket gives you a fixed chicken price before you leave home to go shopping. The tote supermarket gives you a price at the final checkout till.

Think we got offered 2% from the tote risk free , it never worked out for us then, but up it to 4% to the big bookie chains and maybe everyone would be happy ?

.....the tote supermarket would be advertising really good early bird chicken.....you go there only to find that they have none.....you complain and then they bring the chicken much later.....the bookie supermarket only opens when the have received really good chicken.....those with the early tote chicken are still hungry and go back only to find that the bookie chicken is much much better.....

PeterD Wrote:

---

> A quick glance at Interbet shows that the average
> profit margin for the races at Kenilworth and
> Turffontein is 29% for the advertised betting
> column and 15% for the best available column.
> Places around 20%. to this you must add the 6% tax
> to get the full equivalent take out for bookmaker
> bets to compare to the tote takeout. This is fact,
> not opinion.
> The reason that bookies need a profit margin is
> because they put their capital at risk. But, their
> customers pay for this.
> However, from a customer point of view, the actuai
> " brine content" is at least 21% for wins and 26%
> for places.
> The tote " brine content " is therefore no worse
> for customers.
> The tote supermarket built and maintains the road
> that the customers must use to get to both shops.
> The bookie supermarket pays a small road levy
> which is a fraction of the cost of the common
> infrastructure provided by the tote supermarket.
> The bookie supermarket gives you a fixed chicken
> price before you leave home to go shopping. The
> tote supermarket gives you a price at the final
> checkout till.


Well put, PeterD. The only point I would make is that there is no such thing as a bookie supermarket, they have merely set up a stall in the tote supermarket's parking area.

Insofar as win or place betting,i decide my value threshold and if I exceed that return I back with the books and lock that value in (as I am not backing the field, I ignore the overall %)
I can't use the tote as I do not wish to gamble on the value of my return AND regardless of how small,I am contributing to the reduction of my return!!!

going with the chicken theme...

the government will intervene and push up the tax on imported chicken by 25% to protect the local chicken...who in turn will push up their prices because there is no competition....:

Edge Wrote:

---

> > if every win bet went through the tote I and
> many
> > others would stop punting
>
>
> Which circles back to my earlier point, if the
> tote went away there would be no racing today.

They are racing today in Meydan with no tote or bookmakers................I am struggling to join the dots!

Most likely state funding, they're pretty wealthy over there!

Are you suggesting that local racing is not dependent on the tote for funding?

PeterD Wrote:

---

> A quick glance at Interbet shows that the average
> profit margin for the races at Kenilworth and
> Turffontein is 29% for the advertised betting
> column and 15% for the best available column.
> Places around 20%. to this you must add the 6% tax
> to get the full equivalent take out for bookmaker
> bets to compare to the tote takeout. This is fact,
> not opinion.
> The reason that bookies need a profit margin is
> because they put their capital at risk. But, their
> customers pay for this.
> However, from a customer point of view, the actuai
> " brine content" is at least 21% for wins and 26%
> for places.
> The tote " brine content " is therefore no worse
> for customers.
> The tote supermarket built and maintains the road
> that the customers must use to get to both shops.
> The bookie supermarket pays a small road levy
> which is a fraction of the cost of the common
> infrastructure provided by the tote supermarket.
> The bookie supermarket gives you a fixed chicken
> price before you leave home to go shopping. The
> tote supermarket gives you a price at the final
> checkout till.


peterd those percentages you mention would be fine if EVERY HORSE IN THE RACE WAS LAID AT THAT PRICE FOR THE SAME AMOUNT but this never EVER happens in fact most times half the field wont be laid and the winner will come from the horses that have been laid so sorry your point holds zero meaning

Edge Wrote:

---

> Most likely state funding, they're pretty wealthy
> over there!
>
> Are you suggesting that local racing is not
> dependent on the tote for funding?

Of course its dependant on the tote for funding..............the question is ....should it be?............is that a sustainable or "best" model........................trends suggest not!

If the Tote closed ,bookmakers would adapt in a flash and a blur.