Have the mystery tote dividends been answered?

“I would like to add that on the face of it the bets taken by the Australian punter do not make sense and consequently we have requested Tabcorp to provide with us with an explanation,” he said.

That's ALL the release should have said VEE - We don't need a lesson in the value such a bet created but rather the insane reason behind such a bet of about 330 k Aus Dollars which is no small sum to wager in any country.

rob faux Wrote:

---

> Mac,that is true .......just trying to get a true
> picture as there can be no doubt that co-mingling
> has (and is) not benefitted the local
> punter..........in fact to the contrary and we
> need to know why ...........and increased take-out
> is the only explanation that makes sense.
> Mac,can I ask a favour as you obviously good at
> "what if " forecasting...........perhaps you can
> do an overview on a question????
> If you have a take-put of 24.5%,then the best the
> nett pool can be is 75.5,but if every rand is
> being rounded down the overall reduction is
> obviously frequently more,so reducing the nett
> pool ...........any idea how much that is likely
> to average as it may be a large contributor to the
> overall lack of value on the tote.

Two scenario's, place pools, both 11 runners, neither scenario to yield a dividend of less than R1.00:

Scemario 1
A very open field with prices similar to each other, showing place dividends, before rounding down, of R2.99
With rounding down the take-out increases from 24.5% to 26.8%

Scenario 2
A field with a hot favourite which yields a place dividend, before rounding down, of R1.09
With rounding down the take-out increases from 24.5% to 27.7%

Hope the arithmetic is correct. Spreadsheet attached.

Play around with the "input" boxes by entering arbitrary numbers and results to see different outcomes.

Attached files Scenario planning forecasting tote margins on the place pool.xlsx (13 KB)Â

mr hawaii Wrote:

---

> “I would like to add that on the face of it the
> bets taken by the Australian punter do not make
> sense and consequently we have requested Tabcorp
> to provide with us with an explanation,” he
> said.
>
> That's ALL the release should have said VEE - We
> don't need a lesson in the value such a bet
> created but rather the insane reason behind such a
> bet of about 330 k Aus Dollars which is no small
> sum to wager in any country.


Well put and to the point Mr H

Now if only the responses from the men in charge of racing, could be to the point, in place of the bullshit long winded, responses that they are posting.

Mr Vee, computer transactions automatically generate printable audit trails. Please post a copy for transparency, unless this is classified information.

Thanks Mac...........interesting that those %'s are enough to make the difference between "value" and "no value"

It is surely clear that serious punters require a fixed price bet(I have never met ,even an owner,who punted his horse(I am not talking about a hopeful R100 each way) on the tote,so how does Saftote get a slice .......a fixed price tote (AKA betting exchange)