Last Pick 3 Will Payouts differs from the final declared dividend. From a will pay of R1,381.90 it went up to a final declared dividend of R1,909.60.Whose bluffing who!
1. Watch when you have any of the jackpot or PA quickmixes. You'll notice how they delay releasing progressive ticket info conveniently after the running of the previous leg. It happens like clockwork.
This could be through either one of incompetence or malicious intent, but leads to punters not trusting them. Being prompt here would put an end to any doubts, but hey, some things never change.
2. Watch how dividends change after the race, every race. That's just on the win and place that we can actively monitor. Who knows what's happening with the Trifecta and quartet every race.
Maryah on Saturday Greyville. This horse was showing R45 a win after the horses crossed the line. Dropped to R26 final dividend. I can understand if this was a small drop, or a well fancied horse just coming to it's correct value, but this is just too unbelievable.
3. Takeout absolutely screwing punters. Anyone who backed Pearl of Asia for a win on HWB got 75/1. Horse paid R18 a win on the tote. Great tote value.
Routinely, exotic bets in the country are having to rely on outlandish results to get big dividends, to mask the large takeout from the pool. We regularly see results these days for which the value of the pick six payout would be a couple million, but we get a r750 000 payout, and punters are happy.
Watch when we have a day of all favorites coming in. Then punters will realize how badly the tote is screwing everyone, when everyone is paying in. This coupled with not a single incentive for punters to play with the tote, whereas Hollywood offer deposit bonuses, and good service.
The tote should really consider looking at a concept known as the Laffer Curve, which illustrates the relationship between taxation and revenue. Sometimes the answer is not always to increase takeout.
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