Horse paying R1 a win on the tote finishes unplaced.

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2 weeks 5 days ago #765548 by durbs
durbs created the topic: Horse paying R1 a win on the tote finishes unplaced.
People obviously backed it as it was paying R1 for the win.
Ballarat harness standing start always risky but surely you can't have a win bet paying R1 for the win anywhere else in the world except here.
In Australia it was paying 1.04,so a profit was to be made if it won but here you backing something to win with absolutely no profit just doesn't make sense and the gambling board has to look into the unfair practice of our tote.

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2 weeks 5 days ago #765551 by Mac
Mac replied the topic: Re:Horse paying R1 a win on the tote finishes unplaced.
If everyone backs the same horse and if the operator’s mark up is greater than zero then the win dividend on that horse will always be less than one unit.


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"Lot 226, 2016 NYS, Diamondveld, R1.5m"

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2 weeks 5 days ago #765552 by durbs
durbs replied the topic: Re:Horse paying R1 a win on the tote finishes unplaced.
I understand that Mac,but I think the tote in Australia will always show some kind of profit,never your money back for a winning bet.
Not sure if it's 1.01 or 1.04.

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2 weeks 5 days ago #765558 by Mac
Mac replied the topic: Re:Horse paying R1 a win on the tote finishes unplaced.
Once upon a time we used to have a minimum win payout of R1.10 which was funded by the other bets but with the advent of smaller fields the operators reduced it to R1.00. Furthermore, our tote only seems to work in multiples of ten cents which is strange to me.


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"Lot 226, 2016 NYS, Diamondveld, R1.5m"
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2 weeks 5 days ago #765567 by durbs
durbs replied the topic: Re:Horse paying R1 a win on the tote finishes unplaced.
Australia have three totes and we co-mingle with one of them.
It was paying 1 here yet 1.04 there.
If they can make a plan to do that then why can't our tote?
Some still are all for the tote yet your money has depleted by 25% as soon as you place your bet here.

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2 weeks 5 days ago #765569 by Karma
Karma replied the topic: Re:Horse paying R1 a win on the tote finishes unplaced.

Mac wrote: Once upon a time we used to have a minimum win payout of R1.10 which was funded by the other bets but with the advent of smaller fields the operators reduced it to R1.00. Furthermore, our tote only seems to work in multiples of ten cents which is strange to me.


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And the rounded off figure in their pocket for mahala :sick:

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African Betting Clan is established for the upliftment of the sports punter, who enjoys a bet on horseracing, football and other sports, enabling them to voice their views and opinions on all aspects of the sport of their choice, free of charge. Everyone who joins the CLAN, can discuss a multitude of sports events with a view to increasing the knowledge-base of all interested parties. Horse Racing is by far the most represented sport and we welcome the views of the many owners, trainers, punters and all racing stakeholders, all of whom post their contributions on our discussion forums. Members glean what they want to and discuss selections for the day and the general well being of the sport.

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