pick 6 pool failure nearly 20% below estimate stand alone meeting

....winning one battle and losing 364.....is never going to win any war.....:blush:

How much money going into Soccer 1, 4, 6,10 &13 too? What is the take out on that bet and does the money make it back into racing?

It really is simple, it’s all going to bookies and it’s a huge problem. If you asked someone like Hollywood to show their numbers , you would be shocked! I’m from the younger generation and all my mates punt , and they mainly punt sport, but they also like to taking pick sixes etc . With the massive bonuses bookies give and the convenience of being able to do it all on one platform, why would anyone use the tote anymore. None of my mates will ever bet on the tote besides if they at the course.

Basically in the future bookies will need to come to the party or horse racing won’t be feasible .

Very simple here.

Average joe has no online bookmaker account nor does he have a tab online account.

Will Joe drive around looking for a tab outlet or perhaps Hollywood?

manwatweet wrote: Ok, so what will happen if everyone wagers on the open bet and nobody in the tote pools?

Perhaps they turn down the take-out from the MAXIMUM legally permissible; get a bit more competitive and less rape-y?

Its an interesting topic and not sure if the bookies just sit on all the open bets or take percentage with the tote?
I remember in the good old days we used to get a percentage from the tote for taking their tote bets, maybe that percentage could be increased?
Do the bookies that are in partnership with tote do the open bet? Or is it straight into the tote pool ?

What I find the most interesting is that this topic is mostly discussed by punters.

It's weird because it's like Woolies customers standing in the queue worrying about the dividend that the Woolworths shareholders will be getting, and not at all worried about the length of the queue.

I know a few punters too, and either they know nothing like my kids and play on the tote at the Met or whatever, or the know something and don't go anywhere near a tote. As for online, do one deposit and withdrawal and you will be done with the tote. The tote is bigger than all the bookmakers together, but the worst bookie is better than the tote. Anyone disagree?

I suppose some punters realize playing the tote is like paying tax, you want roads and schools and hospitals. Just here you have toll roads and speed traps, private health insurance and private schools. So I mean, where is the value for money on the tote? Or service? Or protection? Or anything? So you pay more and get less.

Its probably more in the interest of owners rather than the average punter to improve the situation with the RA asking the questions?

Considering a R100 bet 20 years ago was a decent bet, I wonder how the pools compare with inflation?

Dismally, but doesn't seem to be a concern to the operator as nothing is being done to reverse the open bet trend or reaching out to new customers with something different.

.....how can they....they have climbed into bed with some of the biggest open bet merchants as far as media revenue and race sponsorship's...... and are going to be paying(losing revenue) much much more when more and more go the open bet route.....:huh:

Muhtiman wrote: .....how can they....they have climbed into bed with some of the biggest open bet merchants as far as media revenue and race sponsorship's...... and are going to be paying(losing revenue) much much more when more and more go the open bet route.....:huh:

G bets has one of the worse limits. WSB T&C's is a must read. Once you become a winner often on the Open bet, you get severely restricted.