Winning Ways - GH paints a bleak picture

It is a lopsided world we live in Bob......make it more difficult for owners to get decent stakes from the operator by curtailing their operation. I am sure Bookmakers will fill the gap.....oh wait, they return 3% for stakes and have less regulation, makes sense

Maybe a Bookmaker Run Tote ? How would that work ? Third tote

Tabonline
Tabgold
Tab3 ?

Bob Brogan wrote: Maybe a Bookmaker Run Tote ? How would that work ? Third tote

Tabonline
Tabgold
Tab3 ?

Bob, more concerning is that if Sports Pool Betting only can be the domain of the Lotto, both Gold Circle and Phumelela will be in financial crisis.

Bob, I am for any idea that feeds the funders of the product being delivered to bet on. A 6% tax with 3% being distributed surely is not sustainable.

A Bookmaker run tote with a 3% return for operations & stakes? Would love to see how that would work. As far as the Soccer bets, there should be a financial return to funding development football.

But hey maybe I am searching for a fools utopia.

What ever happened to racing also having no tax to have the same benefits for the punter as sports betting ?

Tigershark wrote: Bob, I am for any idea that feeds the funders of the product being delivered to bet on. A 6% tax with 3% being distributed surely is not sustainable.

A Bookmaker run tote with a 3% return for operations & stakes? Would love to see how that would work. As far as the Soccer bets, there should be a financial return to funding development football.

But hey maybe I am searching for a fools utopia.

Would imagine the operators take a cut ? Why not the sane deal for bookmakers ?

Sure this would end the Open Bet and be win win for Tom, Dick and Harry?

Bob Brogan wrote:

Tigershark wrote: Bob, I am for any idea that feeds the funders of the product being delivered to bet on. A 6% tax with 3% being distributed surely is not sustainable.

A Bookmaker run tote with a 3% return for operations & stakes? Would love to see how that would work. As far as the Soccer bets, there should be a financial return to funding development football.

But hey maybe I am searching for a fools utopia.

Would imagine the operators take a cut ? Why not the sane deal for bookmakers ?

Sure this would end the Open Bet and be win win for Tom, Dick and Harry?

Posted this a couple of weeks ago.


Came across this today. Published in April 2016 from the Gambling Board.

This gazette is also available free online at www.gpwonline.co.za
STAATSKOERANT, 1 APRIL 2016 No. 39887 97
30

4.4.5 Bookmakers

4.4.5.1 There is a longstanding dispute between the bookmakers, operators and the
horseracing industry. The dispute is about bookmakers collecting open bets or
bets on the results of totalisator betting without contributing to the intellectual
property of the owners as operators to the horseracing industry or towards the
development of the horseracing sport. There must be respect for any proven
Intellectual Property rights (IP) in the horseracing and bookmakers industry.
Assessing the whole argument, it is important to also address this matter in the
event the results of a totalisator are not found to be an IP right as there will be
continuous arguments about what should be paid by bookmakers. The results
should not be to eliminate bookmakers from the betting industry as feared by
bookmakers that the horseracing operators would like to use the rate of
payment as a means to eliminate competition. It would rather be appropriate
that such dispute be prevented by requiring the PLAs to set a reasonable
amount payable to the owner of the totalisator instead of leaving this matter for
the operators to resolve between themselves as they will never agree.

Policy Position

The Act must be amended to require that there must be respect for intellectual
property right within the horseracing and bookmakers industry. PLAs must set
the reasonable amount payable for using the results of the totalisator, television
rights, development of horseracing industry and any proven claim for payment
that may arise after consulting industry players.

Bob, i must admit, you have really raised something worth real debate and further investigation, sorry if I didn't get the just of your proposal initially.

A third tote, TAB3 Bookmakers Tote where the whole betting market is revealed and a decent percentage comes back to the stakes pot. I think it would work very well.

this is so easy to fix BUT the tote/phumelela don't have the brains / foresight.

I have met with them via their Isle of Man operation. I would STOP the open bet and so would every single person I know if they just implemented the following structure.

0-R1m turnover ( 4% rebate)
R1m and R1 to R2m (5% rebate)
R2m and R1 to R3m (6% rebate)
>R3m 8% rebate.

I am currently getting 10% from the Hong Kong tote.

easy wrote: I am currently getting 10% from the Hong Kong tote.

\

Everyone gets 10% from the HK tote. I presume our lot get it too.