Matey 18 Report post Posted January 27 Over the last two Karaka Milion race meetings , BGP with their very average punting have cost their supporters $1m , the only winner here is the TAB, perhaps there is a kickback involved ..... just saying ? kdt, JTeaz, Palliser and 1 other 3 1 Quote Share this post Link to post Share on other sites More sharing options...
gubellini 4,010 Report post Posted January 27 Over generations new racing punters have thought they could reinvent the wheel. The wheel is still turning but the new punters keep burning. nomates, THE TORCH, Palliser and 1 other 4 Quote Share this post Link to post Share on other sites More sharing options...
We're Doomed 4,873 Report post Posted January 27 It's a promotional gimmick. It is not intended as a way to make money for people. The TAB can only make money off it if they lose, in contrast to tote betting where the TAB can make money if they break even or show a small profit. I don't imagine many on here took a share but it appeals to a certain element of joe public. Keneperu, Palliser, Matey and 1 other 4 Quote Share this post Link to post Share on other sites More sharing options...
Palliser 760 Report post Posted January 27 1 hour ago, gubellini said: Over generations new racing punters have thought they could reinvent the wheel. The wheel is still turning but the new punters keep burning. Yep .. the TAB shouldn't really be highlighting this sort of thing in my opinion, definitely a promotional gimmick promoting huge betting. Remember Steel Balls, they highlighted him as a promotional tool making it look as though anyone can beat the TAB, now we all know that is BS. And look what happened to Steel Balls, a real quick fall from grace. Keneperu, Matey and gubellini 3 Quote Share this post Link to post Share on other sites More sharing options...
Benbatl 17 Report post Posted January 27 Given clubs get 12% turnover on betting I’m sure they did a deal to split it with ARC. To be fair had Faraglioni won everyone with be lauding them! Same if full force got up or Tallisker ran top 6… that’s punting tho Quote Share this post Link to post Share on other sites More sharing options...
Pak Star 716 Report post Posted January 27 I remember a couple years back people complained that the TAB was giving them preferential treatment with the Hes A Doozy bet that resulted in the punters club returning a nice profit. And then there was the year where the return was something like 90c on the dollar but the TAB topped it up to give everyone their money back at 1:1 - people complained then too. And lets be honest, if Joe Bloggs had bet their punters club money via their own tickets instead of BGP, the TAB would have made off with a similar amount. Quote Share this post Link to post Share on other sites More sharing options...
Idolmite 2,566 Report post Posted January 28 2 hours ago, Benbatl said: Given clubs get 12% turnover on betting I’m sure they did a deal to split it with ARC. To be fair had Faraglioni won everyone with be lauding them! Same if full force got up or Tallisker ran top 6… that’s punting tho And had Lergarto won to get the multi home Quote Share this post Link to post Share on other sites More sharing options...
We're Doomed 4,873 Report post Posted January 28 3 hours ago, Benbatl said: Given clubs get 12% turnover on betting I’m sure they did a deal to split it with ARC. To be fair had Faraglioni won everyone with be lauding them! Same if full force got up or Tallisker ran top 6… that’s punting tho Do the clubs get the same percentage on fixed odds as tote betting? Quote Share this post Link to post Share on other sites More sharing options...
Leggy 4,096 Report post Posted January 28 37 minutes ago, We're Doomed said: Do the clubs get the same percentage on fixed odds as tote betting? Yep. 10% @ terminals. 12.5% digital devices. Quote Share this post Link to post Share on other sites More sharing options...
Houlahan's Dream 541 Report post Posted January 28 Some of their bets....head shakers really. As for TAB...there is a reason many of us put our hard earned through overseas bookies. Legal - for now. Matey and THE TORCH 2 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,093 Report post Posted January 28 54 minutes ago, Houlahan's Dream said: Some of their bets....head shakers really. As for TAB...there is a reason many of us put our hard earned through overseas bookies. Legal - for now. One wonders how things would have been viewed if BGP had won, 1.5 mill. Quote Share this post Link to post Share on other sites More sharing options...
Houlahan's Dream 541 Report post Posted January 28 Come on now. IF? It is called Boys Get Paid. They hype it up, get people on course.... And fail, big really. All that research, good intel you imagine, and you end up with tricky multis with a low percentage of success. They need to be judged on their results ...... THE TORCH, wph, Gruff and 1 other 4 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,093 Report post Posted January 28 What I was inferring was would the TAB be crowing paying out a million, or more, they are in the business of making money, not losing. Houlahan's Dream 1 Quote Share this post Link to post Share on other sites More sharing options...
Cactus John 0 Report post Posted January 28 They get Rebate of 5 % of there losses. So handy 30k for someone. Quote Share this post Link to post Share on other sites More sharing options...
MS26 70 Report post Posted January 28 Thought the final bet of the day was over-complicating things, didn't have a share. Earlier multi had Legarto into Orchestral. For the final race, the TAB site had the ~$600k bet as being on Orchestral FF win, but on the BGP social media the actual bet was Orchestral Top 4, Talisker Top 6. It was corrected after the race.. that would've been fun if you were new to the game. Matey 1 Quote Share this post Link to post Share on other sites More sharing options...
Peter Harrop 226 Report post Posted January 28 BGP did a great job with the punting IMO. There were a number of close calls that would have resulted in a profit on the day. If you're a serious punter, the number one objective is to secure overs by getting a price above what it should be paying. BGP, through some early bets, certainly did that. From there it's a matter of luck in the running and the race pattern. Sometimes it's just not your day, through no fault of your own. And it's made even more difficult through a small card of races. They've lost last 2 years, but from memory I think they've had great years before that. I look forward to seeing the selections of those complaining, pre-meeting not post-meeting, next year. Lol. We're Doomed, Pak Star and Alf Riston 3 Quote Share this post Link to post Share on other sites More sharing options...
Pheroz 99 Report post Posted January 28 I was there, Yes its great to win but how often are we successful punters. Its a days entertainment and you were returned 50% of your investment., thats not all bad. There was a fantastic cross section of the the public in the room, young, old male and female and looked like they were all enjoying the day. Good on the BGP lads for promoting our industry and perhaps bringing lots of new blood to the game. Lets give them some credit for all the effort that went into an enjoyable day. We're Doomed, Pak Star, Alf Riston and 3 others 6 Quote Share this post Link to post Share on other sites More sharing options...
Peter Harrop 226 Report post Posted January 28 14 hours ago, Matey said: Over the last two Karaka Milion race meetings , BGP with their very average punting have cost their supporters $1m , the only winner here is the TAB, perhaps there is a kickback involved ..... just saying ? Except getting Cool n Fast @ 21s to watch it drop to 5s and Faraglioni @ 14s also dropping to 5s later is not 'average' punting. It's excellent punting. Quote Share this post Link to post Share on other sites More sharing options...
Memphis3 1,267 Report post Posted January 28 21 minutes ago, Peter Harrop said: BGP did a great job with the punting IMO. There were a number of close calls that would have resulted in a profit on the day. If you're a serious punter, the number one objective is to secure overs by getting a price above what it should be paying. BGP, through some early bets, certainly did that. From there it's a matter of luck in the running and the race pattern. Sometimes it's just not your day, through no fault of your own. And it's made even more difficult through a small card of races. They've lost last 2 years, but from memory I think they've had great years before that. I look forward to seeing the selections of those complaining, pre-meeting not post-meeting, next year. Lol. Sir you can see all our selections on this site every Saturday. Currently in the fabulous fours competition. All before the race. You can’t sneak any picks past John after they’ve started. Matey and Insider 2 Quote Share this post Link to post Share on other sites More sharing options...
Gruff 2,807 Report post Posted January 28 There is a vast difference between throwing darts and spending 1 million Dollars of other peoples money in the Public eye Memps . Certainly should of achieved more with those results but as a punter you know some days you have the ingredients but just don't get the desired results Matey and Alf Riston 2 Quote Share this post Link to post Share on other sites More sharing options...
Memphis3 1,267 Report post Posted January 28 26 minutes ago, Gruff said: There is a vast difference between throwing darts and spending 1 million Dollars of other peoples money in the Public eye Memps . Certainly should of achieved more with those results but as a punter you know some days you have the ingredients but just don't get the desired results Don’t even own a dart board Gruffster. . Or darts . Same system for picking winners. The big difference is the staking. Quote Share this post Link to post Share on other sites More sharing options...
Houlahan's Dream 541 Report post Posted January 28 1 hour ago, Peter Harrop said: BGP did a great job with the punting IMO. There were a number of close calls that would have resulted in a profit on the day. If you're a serious punter, the number one objective is to secure overs by getting a price above what it should be paying. BGP, through some early bets, certainly did that. From there it's a matter of luck in the running and the race pattern. Sometimes it's just not your day, through no fault of your own. And it's made even more difficult through a small card of races. They've lost last 2 years, but from memory I think they've had great years before that. I look forward to seeing the selections of those complaining, pre-meeting not post-meeting, next year. Lol. If losing 50% of your stake is a great job.....?? They do a a great job overall in terms of marketing etc. Sure. But lousy on the punt, last two years. BTW I am not complaining. I can just do maths. They have been poor and they need to improve in the punting dept, in my view. Matey and Insider 1 1 Quote Share this post Link to post Share on other sites More sharing options...
Pak Star 716 Report post Posted January 28 8 hours ago, Memphis3 said: Sir you can see all our selections on this site every Saturday. Currently in the fabulous fours competition. All before the race. You can’t sneak any picks past John after they’ve started. And John now has a total results leaderboard too Memphis3 and Insider 1 1 Quote Share this post Link to post Share on other sites More sharing options...
arjay 451 Report post Posted January 28 I was surprised the backed Legarto at those short odds. I have never backed a horse paying less than $3 for a win, but go you blokes, best wishes in the future TurnyTom 1 Quote Share this post Link to post Share on other sites More sharing options...
TurnyTom 1,542 Report post Posted January 28 Arjay, just look at Sydney the odds more often than not get rolled …. Just by pass them and in the long run you come out tops Quote Share this post Link to post Share on other sites More sharing options...
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