The problem is that the tote correctly have no limits,but if you took a P6 that paid R2.6 m on the tote you would probably be halving your own dividend!
Pool betting needs a complete review in its thinking (The investigation commissioned by the Dept of Trade and Industry questioned whether operators should also "own"the tote!)
The answer ,I would suggest is no!.... tote should be an independant "national pool" with many licensed agents (including bookmakers who qualify)and have standard, regulated, defined take-outs.There would be no open exotic bets,just huge pools with a fairer distribution of margins,and competition amongst service providers.
eg: 3% to a national stakes pot,1% for cost of independant regulators,a margin for marketing,advertising and Tellytrack,cost of sales etc etc and finally a % to operators to run the meetings(ideally also including competition)(These are example figures and are not suggested ones ....determining those would be a entire project on its own)
....and if they increased the unit cost to 20% of what it would or should be if the original R1 had been inflated (ie up to R5 instead of the full R30) and fractional betting limited to 10% thereof ,the take -out could be reduced ,in time,to below 10% and make horseracing a "value bet" again.
(We are stuck in the dark ages!What used to cost R1 over 20 years ago can now be reduced to 1c a line and when exotics changed to R1 a line (from 50c) R1 bought 3 beers in a pub,so relatively, R5 is still cheap)
It has been suggested that if unit costs were increased,pools wouldn't increase due to maintained budgets!
I doubt that,as discipline is not common among punters and bigger payouts (without the new "unfair" no couplings,first timer rules etc)would be enticing,but immediately pools would be increased by existing open bet contributions,anyway.
An example is the bi-pot pools that continue to grow without detracting from the traditional pools.
It has also been suggested that some casinos have introduced 1c machines ....maybe so ...to ensure nobody leaves with even their small change ,but they would not survive if that was the unit price of their core business!
What other industry would expect to survive charging 20th century prices.Corporatisation has failed local racing and benefited shareholders only.
Last edit: 8 years 4 months ago by rob faux.
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