Another Twist NOTICE OF MOTION

Dave Scott wrote: Morning all, lets try again.
My ref to UK was due to Bob saying we compare to shity Southwell

Lets put aside the price of coffee in Brazil and the minimum labour rate in Outer Mongolia.

All leading racing centres have same restrictions or deductions.

What I was looking for was the PERCENTAGE RATIO between SA and other racing jurisdictions.

Eg

SA stakes for maiden plate = x rands
SA training costs = x rands
Answer is a ratio

Then do same for UK. France, States, Aus etc , using their currency to compare apple to apple to international ratios.

Now that would be an excellent table to publish and have a good look at the stats for any economic fundi on this site to do. It would even be better to break that down to average training costs, Vet bills, shoe bills every month, physio etc etc and compare that to stakes. Countries similar to ours leaving out Dubai and UK but include, Brazil, Argentina, Australia, NZ, South Korea, Mauritius, Japan, Hong Kong and then add where do they get their stakes pot from.
RTT should be publishing this data already for us, they have taken this job on to change the old script that does not work and let’s compare whose country’s “passion” is the highest.
I would also love to see the actual amount of monies paid to the shareholders since the inception of Phumulela, how much and who exactly was on the gravy train? there are guys on the RTT who are in the shares game and it would not be hard for them to access that data, I’m sure it would be easy to see just how much went into who’s pockets over those 20 or so years?
I understand it’s a new era for racing and we all want to help in developing that especially the guys who have sizable investments in the sport, and I think we are owed that information as a starting point moving forwards and away from that vacuum pipe model.

Ok all I have at this stage is a UK comparison

Maidens are in the region of £2500 and monthly training costs in the region of £1200 per month.

The States:

Step 1: The Basics
The main expense in race horse ownership is your horse trainer. In Southern California for example, the highest price trainer charges a “DAY RATE” of $120. However, even some of the very best trainers - Mike Puype, Phil D'Amato, etc. - charge in the neighborhood of $85 - $95. The day rate consists of:

Employees – Assistants, Grooms, Hot walkers, Exercise Riders
Payroll Taxes (Thank you California)
Workers Comp (Again, thank you California)
Feed/Bedding – Hay, Straw, Grain
Vitamins
Supplies – Bandages, Tack, etc.
Trainers claim they do not make any money from their day rate and any income is earned from their cut (10%) of the horse’s earnings. I’m not sure this is 100% true but, I am sure the trainers are not getting rich from their day rate either. Chances are your horse will not be in training at the racetrack 365 days a year. These horses are not machines and, like professional athletes, will need a break from time to time. When a horse is sent to a farm for a little R&R, the farm’s day rate is generally around $25 a day.

Step 2: But Wait, There's More!
On top of the day rate, there are other standard monthly expenses such as:

Blacksmith - $80-$100 month
Veterinarian - $200 - $1,500 month
Dentist - $75 month
Chiropractor - $75 month
If you are a member of a horse racing partnership you may be charged for accounting costs as well. Some racing syndicates may also charge monthly management fees.

Step 3: Additional Fees
Entry Fees: Most people are surprised to find out that it does not cost anything to enter your horse in a race, unless the race is a stakes race (Kentucky Derby, Breeders’ Cup, etc.). Some stakes races, like many of the Breeders’ Cup races, cost in upwards of $50,000 to enter. Since the purse of that race is $2,000,0000, many owners will take their chances with the hope of a jackpot payoff. For stakes races in the $200,000 purse range, the entry fee is generally around $3,000.

Trainer & Jockey Commissions: These are not necessarily fees so much as bonuses taken out of a winning purse. In general, the trainer and jockey receive 10% each of any winning purse and 5% and 5% for 2nd and 3rd place finishes. It's smart to keep this information handy when creating your horse racing business plan so there are no suprises when the winning purse shows up with these deductions.
Accounting: Many horse racing partnerships, like Little Red Feather Racing, will charge accounting fees and end-of-year K1 preparation fees. As an individual horse owner, you must account (pun intended) for the time it takes to pay all of your monthly bills and keep records for tax purposes. Our suggestion is to simply hire an account who is familiar with the racing game to assist you.


So how much does it really cost to own a thoroughbred racehorse?

Let's make the assumption your horse will spend ten months (around 300 days) at the racetrack with your trainer and two months (60 days) on the farm. Using averages of the costs listed above, it should cost around $45,000 a year to train and maintain a race horse (in Southern California), excluding possible entry fees and accounting fees.

.....one can forget about boosting stakes until we have a proper tote operation..... as this is the engine room for generating enough income to sustain the game......sadly the tote operation seems to still be largely delinquent and poorly managed .....MOD or Newco need a partnership with an entity that can give the tote a make over and have a formula to generate revenue to go to stakes and operational costs....failing this nothing will change.....:huh:

Was sent this link

www.turfclub.com.sg/Owners/Pages/PrizemoneyAndIncentives.aspx

racing.turfclub.com.sg/en/owning-your-horse/

We were sent this to our mail bag

Re the post on costs/prize money in racing worldwide

The ifha used to publish some stats in their annual report. Seems to stop after 2014
www.ifhaonline.org/resources/Annual_Report_2014.pdf
See page 48

Well we certainly have enough reading matter to consider.

As Muhtiman says above, to increase stakes we need a better tote service for the punters.
It’s generally accepted that our local bookies give a better service than the tote.

The task team I am sure won’t disagree but a bigger challenge could be the following.
White River, according to the commentator it could be fav for ARC, no offense meant and I enjoyed the young mans enthusiasm.

Payouts R1.10 for a win and R1.00 place
Where our friendly bookie was 5/10 win and a short price for place.
I actually watched the betting scroll and it caught my attention that it was always R1.10 win and a minute before the off R3.20 a place and as the field were dispatched it was R2.30.
I thought we might have a pleasant anomaly for the punter, but unfortunately it paid R1.00

Any punter that takes a punt is putting money at risk must get some type of return. This is also something that must be taken into consideration when revamping the tote.

Good Punting

Fav pays R1 a place – it would be nice if they pay some sort of positive dividend but good luck trying to convince them of that.
The real crime here is the blatant place dividend manipulation that took place
2nd placed horse pays 3.20 or 22/10 – was this horse 20/1? – don’t think so, it was probably 2nd fav
I have no idea what the betting was; for a bookie to offer 22/10 a place in a 7 horse field it has to be at least 14/1 and with a 5/10 fav probably 25/1
The dead giveaway is the fact that the fav showed 3.20 and 2.30 BEFORE the off.
“Somebody” obviously cancelled a large place ticket or place tickets on several other runners at the jump, leaving only enough on his preferred horse for a nice profit.
This person should be identified and prosecuted for fraud.

fingers wrote: Fav pays R1 a place – it would be nice if they pay some sort of positive dividend but good luck trying to convince them of that.
The real crime here is the blatant place dividend manipulation that took place
2nd placed horse pays 3.20 or 22/10 – was this horse 20/1? – don’t think so, it was probably 2nd fav
I have no idea what the betting was; for a bookie to offer 22/10 a place in a 7 horse field it has to be at least 14/1 and with a 5/10 fav probably 25/1
The dead giveaway is the fact that the fav showed 3.20 and 2.30 BEFORE the off.
“Somebody” obviously cancelled a large place ticket or place tickets on several other runners at the jump, leaving only enough on his preferred horse for a nice profit.
This person should be identified and prosecuted for fraud.

Fingers,if he cancelled bets of less than R500,and anything over that can get permission from the manager,there is nothing illegal about it.
Remember the place pool was only R2260 so one or two bets of R499 cancelled,all above board,would have changed the place dividend drastically.

.....since Covid crisis lockdown etc......there has been a bet cancel feature for online punters.....I have on several occasions accidentally keyed in bets in excess of R500 and cancelled them without having to phone in.....:oops:

Muhtiman wrote: .....since Covid crisis lockdown etc......there has been a bet cancel feature for online punters.....I have on several occasions accidentally keyed in bets in excess of R500 and cancelled them without having to phone in.....:oops:

Well then they giving us ample opportunity to manipulate the tote all legally.