World Pool status for Daily News race meeting 👏

GOLD CIRCLE-PHUMELELA MEDIA RELEASE
SUBJECT: World Pool status for Daily News race meeting
DATE: Thursday 13 May
RELEASED BY: Phumelela Gaming

South African horseracing has received a significant boost with the news the Hong Kong Jockey Club, which boasts the biggest tote pools in the world, has classified the Daily News 2000 at Hollywoodbets Greyville Racecourse in Durban on Saturday 29 May as a World Pool event.
This will result in TAB Win, Place, Swinger and Quinella pools being commingled into Hong Kong’s massive tote pools, thus enabling South African punters to wager substantial amounts on these bet types without significantly affecting payouts.
The Daily News race meeting is one of the major days on the South African horseracing calendar and is headlined by the Grade 1 Daily News 2000 for three-year-olds.
Two other feature races will be run on the day - the Grade 1 Woolavington for three-year-old fillies, also over 2000m, and the Grade 3 Lonsdale Stirrup Cup over 2400m.
All three races are traditionally outstanding pointers to the Vodacom Durban July, Africa’s greatest horse race, and other feature races.
South African horseracing will earn a substantial commission from Hong Kong Jockey Club tote betting on the meeting and a portion of the net proceeds will be set aside to assist South African Equine Health and Protocols (SAEHP) with the development of export protocols to facilitate the export of South African horses globally.
Phumelela’s Dean Sawarjith, who was responsible for putting the World Pool contract in place with the Hong Kong Jockey Club, said: “On behalf of South African horseracing I would like to thank the Hong Kong Jockey Club for adding the Daily News 2000 race meeting to the list of World Pool events.
“It is a welcome boost to our industry on several levels and strengthens a long-standing relationship between horseracing in Hong Kong and South Africa, which traces back to the 1980s when South African rider Bartie Leisher won the Hong Kong Jockeys’ Championship.
“Since then South African jockeys and trainers like Robbie Fradd, Basil Marcus, Douglas Whyte, David Ferraris and Tony Millard among others have collectively played a huge role in Hong Kong horseracing,” Sawarjith added.
Winfried Engelbrecht-Bresges, Chief Executive Officer of the Hong Kong Jockey Club, said: “The Hong Kong Jockey Club is pleased that funds from its simulcast of South African racing into Hong Kong will support the critically important steps being taken by the South African industry to restore direct horse exports.
“I also want to acknowledge the National Horseracing Authority of Southern Africa, which will play a key role in overseeing leading preparations for major audits by the European Union and the United Kingdom that are needed for the re-opening of South Africa’s equine market to the world, which has been identified by the Asian Racing Federation as a key issue relating to the international movement of horses,” he added.
Richard Cheung, Executive Director of Customer and International Business Development at the Hong Kong Jockey Club, also welcomed the Daily News race meeting’s World Pool status: “The World Pool concept has been very successful in creating global racing events with huge tote liquidity. We welcome the opportunity to partner with the South African racing industry as we expand the World Pool into new markets which will include international commingling partners from Australasia, North America, Asia, mainland Europe and the United Kingdom.”
Gold Circle Racing Executive Raf Sheik said: “Collaboration between totalisator operators in the form of World Pools on major racedays is a massive attraction for punters to take totalisator bets on such days.
“And such World Pools are the way forward for totalisator betting at a time when totalisator operators in South Africa and many other jurisdictions around the world are facing mounting challenges,” he added.

Certainly sounds more good news for racing .

I gather it's just Rand /Rand and no currency factors?

I gave Dean a hard time on another post , suppose I must give credit where credit is due here then 👍

Dave Scott wrote: Certainly sounds more good news for racing .

I gather it's just Rand /Rand and no currency factors?

Well I see there has been no comments or announcements on any exchange factors.

So actually all it really means is that any BIG punter who wants to put R10000 on his even money fav via the tote will probably get evens due to the robust size ot the pool.
Under normal circumstances would probably get 5/10.

Good Punting

From what I can gather, it's only for the one race (DN 2000) - so much ado about not much

Is not the press release headline misleading. It states world pool status for Daily News race meeting thereby leading one to believe that the entire program me of races is included. But as you read on it actually is as Frodo states.... only for one race......

An angry man from KZN sent me this 👇

It's not my fault that the Press Release has been buggered up - seems the word 'meeting' or ''raceday' has been omitted from the Press Release ....

classified the Daily News 2000 at Hollywoodbets Greyville Racecourse in Durban on Saturday 29 May as a World Pool event.

As per the Sporting Post ' .... classified the Daily News 2000 raceday as a World Pool event' - and it will result in 'TAB Win, Place, Swinger and Exacta pools on races 2 through to 9 on Saturday being commingled into Hong Kong's massive Tote Pools' - and - 'each tote jurisdiction ..... will be betting using their own currency which gets converted at a pre-defined exchange rate for the day to the Hong Kong Dollar'' .... all the nitty gritty is explained in the Sporting Post on Page 9 ....

Let's hope our Tote can handle all this - and I was not aware that our Tote offers 'quinella' bets :huh:

LOL Funny

Bob Brogan wrote: An angry man from KZN sent me this 👇

MEDIA RELEASE
SUBJECT: Big tote pools on Daily News 2000 meeting
DATE: Thursday 27 May 2021
RELEASED BY: Phumelela Gaming

Horseplayers who take sizeable bets with TAB and TABgold need not worry about extraordinarily large Win, Place, Swinger and Quinella wagers significantly reducing payouts on this Saturday’s Daily News 2000 race meeting at Greyville.

The Hong Kong Jockey Club, which boasts the biggest tote pools in the world, has classified the race meeting as a World Pool event and all Win, Place, Swinger and Quinella bets on Races 2 to 9 will be commingled into Hong Kong pools.

Commingled pools on each of the four bet types are possibly set to run into tens of millions of rands each.

As an added bonus for South African punters, a R1-million carryover into the Pick 6 pool means that the expected pool total could exceed R5-million.

Two of South Africa’s major races for three-year-olds, both over 2000m, top the programme.

Wilgerbosdrift SA Triple Tiara heroine War of Athena is 9-10 favourite for the Woolavington 2000 for fillies. Linebacker, winner of the Grade 1 Cape Derby this year and more recently the WSB KZN Guineas, is 18-10 favourite for the males’ equivalent, the Daily News 2000.

Kommetdieding, hampered when third behind Linebacker in the Guineas, is fractionally longer in the ante-post betting at 2-1.

Full details of TAB and TABgold bets are:

ALL RACES: Win, Place, Swinger, Exacta, Quinella (FIRST, SECOND any order - not available Race 1), Trifecta, Quartet, Rolling Double (Races 1-2; 2-3; 3-4 etc), Pick 3 (Races 1-3; 2-4; 3-5 etc) AND Bipot (RACES 2-7), Place Accumulator (RACES 3-9), Pick 6 (RACES 4-9), Jackpot One (RACES 5-, Jackpot Two (RACES 6-9).

PLEASE NOTE: All bets R1 unit; minimum bet R6 (minimum EACHWAY Bet = R3 Win, R3 Place = R6; 3-horse EXACTA or TRIFECTA Box or 4-horse SWINGER Box @ R6 cost can be taken) except Swinger, Quinella, which have a R2 minimum. ROLLING DOUBLE, PICK 3 amount bet must be multiple of R2 so bet R6, R12, R14 not R7 or R9. TAB Rules PICK 6: If first-timer wins, first horse to finish of those to have run before also qualifies. TAB PLACE rules (Race 1 ONLY): Less than 6 runners no Place betting; 6-7 runners payouts FIRST, SECOND; 8-15 runners FIRST, SECOND, THIRD; 16 or more FIRST, SECOND, THIRD, FOURTH. Fractional betting Trifecta, Quartet, Bipot, PA, Pick 6, Jackpot. ALL TO COME (WIN or PLACE) any 2 or more races.

NOTE RACES 2 to 9: Win, Place, Swinger, Quinella commingled with Hong Kong Jockey Club. HKJC rules will apply. HKJC PLACE Rules: Less than 4 runners no Place betting; 4-6 runners payouts FIRST, SECOND; 7 or more runners payouts FIRST, SECOND, THIRD