TOTE DEDUCTION

  • Farawaysaint
  • Topic Author
  • Elite Member
  • Elite Member
  • Posts: 1575
  • Thanks: 165

TOTE DEDUCTION

5 years 9 months ago
#768916
About 5 years ago I emailed the Tote requesting a breakdown of the amount deducted from Tote Racing Bets.
A Mr Du Plessis kindly replied with the %,which was somewhere around 21% and where ,in percentage terms this was broken down in the various cost areas.
My thought for some time has been is this same percentage deducted from Tote Football bets as one would have thought that the costs involved are considerably less than Racing.
Can anybody confirm this

Please Log in or Create an account to join the conversation.

  • Bob Brogan
  • Administrator
  • Administrator
  • Posts: 82497
  • Thanks: 6451

Re: TOTE DEDUCTION

5 years 9 months ago
#768920
I`ll try and find out, not sure if they pay the PSL a licence? I know they are really strict these days SABC are not even allowed to mention results

Please Log in or Create an account to join the conversation.

  • Dave Scott
  • Administrator
  • Administrator
  • Posts: 43867
  • Thanks: 3338

Re: TOTE DEDUCTION

5 years 9 months ago
#768922
I have not looked but would imagine if a pool or gross income vs the payout times the number of winning tickets ie net total payout.
The gross less the net would be the take out?
Does this not show on the TAB payout website.

Please Log in or Create an account to join the conversation.

  • Dave Scott
  • Administrator
  • Administrator
  • Posts: 43867
  • Thanks: 3338

Re: TOTE DEDUCTION

5 years 9 months ago
#768923
Not to forget we still pay 6% on winning bets on horseracing and nil on sports bets with the bookies.

Please Log in or Create an account to join the conversation.

  • Farawaysaint
  • Topic Author
  • Elite Member
  • Elite Member
  • Posts: 1575
  • Thanks: 165

Re: TOTE DEDUCTION

5 years 9 months ago
#768932
I think what I am saying is that a huge amount is taken on the guys playing the various Football bets
and the costs,overheads etc are in proportion much less.

Please Log in or Create an account to join the conversation.

  • Over the Air
  • Platinum Member
  • Platinum Member
  • Posts: 2948
  • Thanks: 721

Re: TOTE DEDUCTION

5 years 9 months ago
#768933
The deduction on the soccer pools taken on the Phumelela platform is a eye watering 33%

You read that correctly, 1 in 3 Rand wagered goes into their greedy little hands.

Please Log in or Create an account to join the conversation.

  • durbs
  • Platinum Member
  • Platinum Member
  • Posts: 8043
  • Thanks: 2157

Re: TOTE DEDUCTION

5 years 9 months ago
#768935
Over the Air wrote: The deduction on the soccer pools taken on the Phumelela platform is a eye watering 33%

You read that correctly, 1 in 3 Rand wagered goes into their greedy little hands.

You got to be joking!
That's daylight robbery.

Please Log in or Create an account to join the conversation.

  • Tony Mincione
  • Junior Member
  • Junior Member
  • Posts: 80
  • Thanks: 41

Re: TOTE DEDUCTION

5 years 9 months ago - 5 years 9 months ago
#769072
At first glance, it looked like you were talking about the deduction after a scratching, but you mean the rake, or the vig as some of us think of it lol.

Fyi, the maximum take out of the tote pools is governed by the gambling act. From memory, I think the win and place pools have a maximum take out of 17% and the exotics are allowed up to 25%., so the 21% mentioned above could be the average. Obviously, they take out the maximum allowed because I guess it's the business model that works for them.

I am surprised to hear soccer is 33%, but given that the lottery looks like 50%, nothing should surprise anyone.

Roulette has a house advantage of 2.7%. Blackjack the house advantage is about 0.5% and if you aren't super tight you will give away another 1.5% so they probably have a 2% edge. With poker the game has percentages and so do the competitors, so your skill can give you a proper edge. Fixed odds horse betting with skill and value playing will probably get you to single digits and a shot at winning if you vary the size and let bad races go.

So how you beat 17% or 25%? I have no idea. I don't think it's possible. It's like playing high number dice, only your dice has no number 6.
Last edit: 5 years 9 months ago by Tony Mincione.

Please Log in or Create an account to join the conversation.

Time to create page: 0.102 seconds

Contact Details

Main Office (HQ)
PO Box 40390
Moreleta Park
Pretoria
0044
+27 (0) 82 785 4357
info@africanbettingclan.com

About A.B.C.

African Betting Clan is established for the upliftment of the sports punter, who enjoys a bet on horse racing, football and other sports, enabling them to voice their views and opinions on all aspects of the sport of their choice, free of charge.

Learn More

T's & C's

The views expressed on this website are not necessarily the views held by the proprietors of the site. Therefore African Betting Clan will not be responsible for any content posted. No persons under the age of 18 years are permitted to gamble. National Responsible Gambling Programme and its toll-free number (0800 006 008)