Natal Betting

scotia Wrote:

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> Fair comment, but not sure we have enough punters
> to fill a book or enough interest on all the
> numerous races we have, Ngong might be an
> exception?


scotia, i fully agree. time to offer the totalisator as the only avenue for horses. lets help out these poor bookies and help our sport at the same time

i agree. save them from themselves. if the tote is the only game in town, then at least we'll know for sure who is alienating the punter.

Good idea Mike and lets just play France, and let the punters have no idea of the form or payout? No fixed odds on any big bet, lets just take the 8/10 on a 15/10 shot once the bet is placed.

We need the tote for exotics, bookies for doubles trebles etc, fixed prices and exchanges for the best possible price on a single bet, imo.

Iv`e got an idea why dont we have lucky dips on the racing,go to ur tote account press bet and let the tote pick your selections?

hibernia Wrote:

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> Iv`e got an idea why dont we have lucky dips on
> the racing,go to ur tote account press bet and let
> the tote pick your selections?


Guess who will be the only winners. No not you and me.

hong kong?

Thanks Scotia and Greenbook - it now makes sense.

Its quite obvious that the first rule of business is to make a profit.Betting overround is the name given to the profit margin odds compilers build into a market.When bookies price up they have to build a profit margin for themselves by using fractional mathematics,thats why they are in business.In other words if its a two horse race do you expect the bookies to price up even money the pair, they won't they would have to price up at least 9/10 the pair.Now that we have that out the way ,the KZN Bookies are the only center that comes out with their prices very early which is what the public wants,im sure if they want they can come out with the betting on the day at around 130 to 135 % but like everything there would be a huge outcry about that as well.
When Clairwood was priced up yesterday all races was priced up with an ave of 145.5% then there were claims as we all know and the perentage OBVIOUSLY went up because its simple maths.Subsequent to that the betting was adjusted and the ave. now stands at 139 % now remember this is forecast or early or some would say ante-post but that would be wrong because its surely not ante-post betting.
Bookmakers profits are not decided on the forecast betting but what percentage they finish when the race jumps.So what you guys need to do is check what the SP's are for a race then add a stretch and then calculate the percentage ....but wait you have to do this for all the races covered daily then over the month and then over an entire year and then make a comment. What i am trying to say is the bookmakers profit percentage is calculated over a year not one race .Also remember a bookmaker that is in a betting panel always gets the worst deal beacuse he or she always lays the top price.

I see that Clairwood has been adjusted again and currently their ave percentage stands at 13% with an entire day to go.

So they stared (ave ) 145 came down to 139 now stands at 135 %

jonk'se thank you for taking the time to comment on this as these percentages have always seemed high to me. can you please give me your opinion on a few issues:

1 the day of the stand alone bookie seems to be a thing of the past. do you believe this has led to less competition amongst you turf accountants and more monopolisation? would explain the horrendous difference between local and uk based percentages?

2 why do claims laid total 10k? seems rather small and the huge adjustments that occur following a claim really make you guys seem mickey mouse? coupled to the dramatic shortening, we rarely see a similar stretching of odds against unclaimed runners?

3 i find it inconcevable that natal bookies lay the odds for anywhere besides natal. could you explain why this is indeed so?

thanks

natal bookies.......home of the false claim.

Another good case for exchanges.....market forces will ensure the purest prices.
A question: why is price fixing allowed in the bookmaking industry?
If every licence kicked off with their own idea of the percentage chances and then adjusted on their actual book,prices would vary dramatically.Is that not what the competition board desires &/or demands of all business?