Why have pools and payouts not grown enough?

  • Bob Brogan
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670486
How would your owners get the graft ?

Wait and take R2.4 a win when a horse opens 12/1?

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  • MR ARROGANT
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670487
zietsman using your example with your fiancee

you mentioned 40 million lotto

how would your financee feel when you tell her that if the tote pool was 40 million that the operator's will be keeping 10 million and only distributing 30 million ?

punters RISK 40 million

punters given back 30 million (if you're lucky enough to win )

operator get RISK FREE 10 million

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  • Tigershark
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670489
And you think there is no take out from the Lotto? Seriously?

You wouldn't have anything to bet on without the horse or am I missing something?

Hong Kong is one of the healthiest racing jurisdictions and they have no bookmakers......go figure
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  • manwatweet
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670494
MR ARROGANT wrote: zietsman I'll answer a bit

why should we open a tote account and get zero benefits ?

world sports betting R3000 sign up bonus

like pirates mentioned Hollywood gives you r9000 free every year

today world sports betting phoned me to take down my exotic bets , that's customer service

many bookies offer this service and bonuses, while the tote got a HUGE take out
Big P thinks its their business and we shouldn't interfere

horse owners thinks its their horse and they don't need us

but us the punters must donate 25% to them for what ?????

so the owner can collect stakes and the big P shareholders can collect dividends

I got an idea to make the pools bigger , how about they stop stealing with the HUGE take outs ?

I won't help maintain the industry that doesn't treat us fair

As soon as you start showing a profit with bookmakers, you will get limited. Unfortunately the tote win / place pools are small for SA racing. Wish we could be like France, HK, Singapore, Ozz and USA. It is a pleasure striking decent win / place bets on their racing with SAFTOTE.
I would love to know what is the bookmaker win/place pools for SA racing daily..............

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  • MR ARROGANT
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670500
Tigershark wrote: And you think there is no take out from the Lotto? Seriously?

You wouldn't have anything to bet on without the horse or am I missing something?

Hong Kong is one of the healthiest racing jurisdictions and they have no bookmakers......go figure

Wrong , we have plenty to bet on. soccer rugby cricket cycling basketball baseball

and my bookie offer UK racing

so we don't need S.A. racing

without punters S.A. racing is dead !!!!

without punters the soccer is still going strong

basically without punters the owner won't have any stakes to race for

without punters money they won't be the operator. without the operator no local racing

without local racing, what will the owners do ?

owners must realise that punters run the industry

but stealing 25% is day light robbery

reduce the take outs then only we'll come back to the totes

instead of losing money at the tote and be treated like shit

I rather lose my money at the bookies while they treat me like a king

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  • Muhtiman
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670517
....basically it is the piss poor way that the tote treat their customer base that has driven many of them to either the bookies, other forms of gaming entertainment or completely away from any form of gambling.... :blink:
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  • LSU
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670540
The answer to turning racing around is a complex one as racing was in dire straights before being being given a life line with the advent of the corporatisation model.

It is however clear to see that this model has it's own limitations as it relates to the pecking order with regards to profits and budget allocations. Bad service which is often highlighted on here has everything to do with keeping costs down and not because P isn't capable of providing better.

Racing can have a huge future if it can prove capable of producing growing profits and customer interest. Every effort goes into the former and very little into the latter which keeps the vicious cycle growing.

At the growing rate that Phumelela is posting losses from local racing operations it is crunch time for our racing and time for the executive to make a big decision. Allow local racing to wind down to complete insignificance and suffering mounting losses along the way until diversified operations allow for significant profits without a racing division. Some distance off given the gains from broadcasting local content to the overseas market. Alternatively decide to support racing properly in terms of marketing, not just token initiatives.

For years marketing efforts have been misguided by placing almost all the emphasis on promoting the game as an attraction instead of an activity. It is only direct involvement as a punter or an owner that gives racing big spectator appeal as without this it is a dated activity for the younger generation.

Until a new product offering shows an understanding of the need to promote racing as value for money entertainment ahead of turnover pushing the sport will continue to have limited and waning appeal.

Racing's greatest strength is the annuity income that it is capable of as skilled players will seldom abandon the game. It therefore goes without saying that new games must not only convince future customers to try the game but also get them to commit to and complete the learning curve to get them skilled in the shortest possible time. This can only happen when players and the playing experience is at the core of new product developments.

If a sum of money equal to a small portion of the current losses were to be dedicated to the expansion of the racing customer base the active player numbers could show significant increases within 3 to 5 years.

Only once customer numbers start growing again will the situation improve in service delivery, more lucrative pool sizes and dividends and a chance of a more player friendly takeout regime.

All of the current negatives are driven by an imploding market and the only way to address this is through a better understanding of what constitutes a sustainable racing model and how to turn things around through a more creative approach.

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  • MR ARROGANT
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670568
Rob Faux any update of the tote vouchers ?

Hollywood : R9000 free

world sports betting : R3000

tote : fat cats trying to get rich with free vouchers

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  • Tigershark
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#670996
Mr Arrogant, firstly i don't know why you switched from I to we and in all of your points you do not answer the simple question; Do you think there is no take out from the Lotto???

You must also think there is no take out from your Bookmaker???

I strongly encourage you to follow through and stop betting on horses, while your at it get your bookie to stop taking bets on SA Horse Racing.....great idea. The Tote does not need either of you and the Tote cannot lose something it does not have.

"Punters run the industry"........certainly not what i have seen and the next time you can get punters to boycott one race meeting i will buy you a bottle of JW Blue B)

Have fun punting on everything besides SA Racing.....the Tote & owners will miss you

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  • MR ARROGANT
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago - 8 years 1 month ago
#671034
Tigershark wrote: Mr Arrogant, firstly i don't know why you switched from I to we and in all of your points you do not answer the simple question; Do you think there is no take out from the Lotto???

You must also think there is no take out from your Bookmaker???

I strongly encourage you to follow through and stop betting on horses, while your at it get your bookie to stop taking bets on SA Horse Racing.....great idea. The Tote does not need either of you and the Tote cannot lose something it does not have.

"Punters run the industry"........certainly not what i have seen and the next time you can get punters to boycott one race meeting i will buy you a bottle of JW Blue B)

Have fun punting on everything besides SA Racing.....the Tote & owners will miss you

my bookmaker can take bets on what ever he wants.

@ Kyle Holly @ Dev this guy wants you to stop covering local racing


your distasteful comment on punters just proves that owners got no respect for punters

why does the tote take soccer bets ?

your pro tote views are the reason gold circle screws their owners

you continue to moan every week about the kzn racing

same principle why don't you just leave ?
Last edit: 8 years 1 month ago by MR ARROGANT.

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  • Tigershark
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#671037
STill no real answers to your feeble points when ranting......because that's all it is....ranting, nothing with substance.

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  • Tigershark
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Re: Why have pools and payouts not grown enough?

8 years 1 month ago
#671041
Great addition to your post, i'll take you 10/1 that Hollywood laugh you off.... B)

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