Form a queue to get your cash back guys

  • Mac
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Re: Form a queue to get your cash back guys

10 years 5 months ago - 10 years 5 months ago
#529537
Pirhobeta wrote: where does the money come from when a fav is paying 60c a place ...and then the min R1,00 is paid out...?

The "guarantee" comes from all the other horses. So their dividends are reduced.
Last edit: 10 years 5 months ago by Mac.
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  • Pirhobeta
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Re: Form a queue to get your cash back guys

10 years 5 months ago
#529538
thanks...i.e....the tote is reducing your winnings...to pay a minimum dividend...but their takeout remains the same...real value.... :whistle:

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  • Mac
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Re: Form a queue to get your cash back guys

10 years 5 months ago
#529539
Yes, exactly. By having a strategy of backing, say, the 2nd favourite to place on the Tote when a hot favourite is running will probably be very costly in the long run.

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  • Magi
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Re: Form a queue to get your cash back guys

10 years 5 months ago
#529556
Pirhobeta wrote: where does the money come from when a fav is paying 60c a place ...and then the min R1,00 is paid out...?

if anything it should come from the 'unclaimed' pool .... thieves !!
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  • Titch
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Re: Form a queue to get your cash back guys

10 years 5 months ago - 10 years 5 months ago
#529690
Greyville 2nd Jan
Race 1 MISS PIUS (SP 7/2)
Tote Win R5.20
Race 2 NATIONAL APPROVAL (SP 13/20)
Tote Win R2.60
Race 3 ICE PACK (SP 11/10)
Tote Win R2.20
Race 4 ART DECO (SP 15/20)
Tote Win R1.80
Race 5 SUPREME POWER (SP 9/2)
Tote Win R6.60
Race 6 BEEWITHMEE (SP 15/2)
Tote Win R10.40
Race 7 SAME JURISDICTION (SP 9/10)
Tote Win R1.70
Race 8 DANISH ZEALOT (SP 6/1)
Tote Win R7.80

Due to the co-mingling of the Totes with France all the win pools were around R1m and there can be no argument that the win value was with the Tote, so whoever supports the open bet and says its good for the punter should have a rethink a strong tote will ALWAYS be better value ...
Give everything but up!
Last edit: 10 years 5 months ago by Titch.

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  • pirates
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Re: Form a queue to get your cash back guys

10 years 5 months ago
#529692
Titch wrote: Greyville 2nd Jan
Race 1 MISS PIUS (SP 7/2)
Tote Win R5.20
Race 2 NATIONAL APPROVAL (SP 13/20)
Tote Win R2.60
Race 3 ICE PACK (SP 11/10)
Tote Win R2.20
Race 4 ART DECO (SP 15/20)
Tote Win R1.80
Race 5 SUPREME POWER (SP 9/2)
Tote Win R6.60
Race 6 BEEWITHMEE (SP 15/2)
Tote Win R10.40
Race 7 SAME JURISDICTION (SP 9/10)
Tote Win R1.70
Race 8 DANISH ZEALOT (SP 6/1)
Tote Win R7.80

Due to the co-mingling of the Totes with France all the win pools were around R1m and there can be no argument that the win value was with the Tote, so whoever supports the open bet and says its good for the punter should have a rethink a strong tote will ALWAYS be better value ...
tell me titch why don't you take the AVERAGE PRICE TRADED instead of the starting price for bookmakers or do you think that every punter that bets with bookmakers takes starting prices? YOU HAVE TO HAVE ROCKS IN YOUR HEAD IF YOU HAVE A WIN aND PLACE BET ON THE TOTE AND YOU DO NOT KNOW WHAT THE RETURN IS UNTIL AFTER THE RACE.... whoever thinks that bigger win and place pools mean a bigger return also has shit for brains and presenters who say this shit on television must be saying it either under duress or have fcukall clue how the betting market works,,how presenters can gloat about tote value well before the race is off should also go on a course on HOW THE BETTING WORKS ...it is a fcuking disgrace the crap I have to listen to

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  • Titch
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Re: Form a queue to get your cash back guys

10 years 5 months ago - 10 years 5 months ago
#529693
Simple Pirates because the tote dividends that are quoted are , by nature SP prices??? how else would you propose a comparison be made???
and should Hong Kong and Singapore racing go on the same course as the one you propose for our local presenters??? have all their punters been taking "no Value" bets for years as well???
Give everything but up!
Last edit: 10 years 5 months ago by Titch.

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  • ruffian
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Re: Form a queue to get your cash back guys

10 years 5 months ago - 10 years 5 months ago
#529694
Our tote takeout is too high.
In Hong Kong when they reduced takeout to 15.7%, turnover amounts
increased significantly.
Last edit: 10 years 5 months ago by ruffian.

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  • Bob Brogan
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Re: Form a queue to get your cash back guys

10 years 5 months ago
#529697
pirates wrote:
Titch wrote: Greyville 2nd Jan
Race 1 MISS PIUS (SP 7/2)
Tote Win R5.20
Race 2 NATIONAL APPROVAL (SP 13/20)
Tote Win R2.60
Race 3 ICE PACK (SP 11/10)
Tote Win R2.20
Race 4 ART DECO (SP 15/20)
Tote Win R1.80
Race 5 SUPREME POWER (SP 9/2)
Tote Win R6.60
Race 6 BEEWITHMEE (SP 15/2)
Tote Win R10.40
Race 7 SAME JURISDICTION (SP 9/10)
Tote Win R1.70
Race 8 DANISH ZEALOT (SP 6/1)
Tote Win R7.80

Due to the co-mingling of the Totes with France all the win pools were around R1m and there can be no argument that the win value was with the Tote, so whoever supports the open bet and says its good for the punter should have a rethink a strong tote will ALWAYS be better value ...
tell me titch why don't you take the AVERAGE PRICE TRADED instead of the starting price for bookmakers or do you think that every punter that bets with bookmakers takes starting prices? YOU HAVE TO HAVE ROCKS IN YOUR HEAD IF YOU HAVE A WIN aND PLACE BET ON THE TOTE AND YOU DO NOT KNOW WHAT THE RETURN IS UNTIL AFTER THE RACE.... whoever thinks that bigger win and place pools mean a bigger return also has shit for brains and presenters who say this shit on television must be saying it either under duress or have fcukall clue how the betting market works,,how presenters can gloat about tote value well before the race is off should also go on a course on HOW THE BETTING WORKS ...it is a fcuking disgrace the crap I have to listen to

What a load of pish Titch

Interbet odds in race card order

6/1
9/10
27/20
1/1
7/1
10/1
16/10
15/2


I know what prices if rather take

Plus if you want a large bet,where do you go ?

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  • Titch
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Re: Form a queue to get your cash back guys

10 years 5 months ago - 10 years 5 months ago
#529700
Bob were these interbets SP prices???
Art Deco 1/1??
SAME JURISDICTION 16/10???????????????????? :blink:
Give everything but up!
Last edit: 10 years 5 months ago by Titch.

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  • Bob Brogan
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Re: Form a queue to get your cash back guys

10 years 5 months ago
#529726
Titch prices available

You start compairing tote win dividends with starting prices when so much better value was available with all bookmakers at some point

Remember everyone has to take the tote final dividend

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  • Bob Brogan
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Re: Form a queue to get your cash back guys

10 years 5 months ago
#529727
Same Jurisdiction was available at 15/10 -16/10 for at least 48 hours in that time 100's of thousand Rand could have been taken on her

If 100's of thousand rand had been placed on her on the tote the only value would be on the losers

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