silver lad 6 Report post Posted February 27, 2015 I see on the latest NZTR communique that tote turnover was down 4% but had been offset by FOB turnover up 24.6%.Do they ever release profit/loss figures on FOB? Quote Share this post Link to post Share on other sites More sharing options...
lestom 25 Report post Posted February 27, 2015 is 24.6% up greater than 4% down ? Quote Share this post Link to post Share on other sites More sharing options...
silver lad 6 Report post Posted February 27, 2015 Question for lestom.Would you rather 4% of a guarunteed profit (tote turnover) or 24.6% of a possible loss (FOB)?.One does not neccessarily offset the other unless we know the profit/loss on FOB. Quote Share this post Link to post Share on other sites More sharing options...
lestom 25 Report post Posted February 27, 2015 Won't attempt to answer that given the information supplied is insufficient. Which of course is exactly what I was getting at in #2. Quote Share this post Link to post Share on other sites More sharing options...
Guest 2Admin2 Report post Posted February 27, 2015 Overall Thoroughbred turnover is only up 2.8% - given tote turnover is down then the increase is from FOB. It is possible that there has been no increase in revenue or even a loss as the tote generated revenue is a set % vs FOB which is relient on the performance of those setting the books. Quote Share this post Link to post Share on other sites More sharing options...
puha 2,177 Report post Posted February 27, 2015 When someone wins $160 000 of a $10 multi how much turnover do they need to offset this loss? Quote Share this post Link to post Share on other sites More sharing options...
silver lad 6 Report post Posted February 27, 2015 All I'm really asking is do they make public the profit/loss of the fixed odds operation ? Quote Share this post Link to post Share on other sites More sharing options...
Guest 2Admin2 Report post Posted February 27, 2015 All I'm really asking is do they make public the profit/loss of the fixed odds operation ? Not directly or interim - you have to work it out from the published results half yearly. Quote Share this post Link to post Share on other sites More sharing options...
Irish 270 Report post Posted February 27, 2015 Silver Lad, I'm prompted to say the only thing the NTZR ever releases on a grand scale is wind. There you go guys. I told you I would try not to be grumpy on my next post. Onward and upward. I'll be back, with my selections, for tomorrow at Ellerslie. Hopefully some winners Quote Share this post Link to post Share on other sites More sharing options...
N1MUE 1,877 Report post Posted February 27, 2015 When someone wins $160 000 of a $10 multi how much turnover do they need to offset this loss? At an average profit margin of around 30% on multis they would only need $500k turnover to offset this type of flukey loss. Don't worry - they make heaps off people betting on multis - its simple maths. puha 1 Quote Share this post Link to post Share on other sites More sharing options...
fermoy 226 Report post Posted February 28, 2015 if we are reliant on the book making skills of hunt stafford and co to make the tab a profit off fixed odds betting as opposed to the guaranteed profit from paramutual betting is this why distributions to clubs and stake levels are so low?? how many beat the bookies bets have they lost lately??5 out of 6?? puha 1 Quote Share this post Link to post Share on other sites More sharing options...
Don't You Believe It 93 Report post Posted March 2, 2015 All I'm really asking is do they make public the profit/loss of the fixed odds operation ? Using their latest bulletin TR tote turnover down $8.2m ytd and FOB turnover up $15.4m. The average margin on tote sits around 18% and for FOB it swings around, but 11% a good estimate. That means tote profit down $1.47m and FOB profit up $1.7m. But then you have to pay for a few more bookies for all that extra bookmaking and incentive payments to big customers. Plus it may not be 11% on FOB - they're so dishonest they don't report details like that! Looks like a break even result to me - so no more money for TR unless market share shifting and overall RB costs reined in. Quote Share this post Link to post Share on other sites More sharing options...
Nerula 1,400 Report post Posted March 2, 2015 Doncha you are on to it Quote Share this post Link to post Share on other sites More sharing options...
silver lad 6 Report post Posted March 2, 2015 Using their latest bulletin TR tote turnover down $8.2m ytd and FOB turnover up $15.4m. The average margin on tote sits around 18% and for FOB it swings around, but 11% a good estimate. That means tote profit down $1.47m and FOB profit up $1.7m. But then you have to pay for a few more bookies for all that extra bookmaking and incentive payments to big customers. Plus it may not be 11% on FOB - they're so dishonest they don't report details like that! Looks like a break even result to me - so no more money for TR unless market share shifting and overall RB costs reined in. Thanks mate. Quote Share this post Link to post Share on other sites More sharing options...
biff 2,158 Report post Posted March 2, 2015 They could start by sending the Aussie back to where he came from, he's a dead loss anyway, then have a performance analyst do an overview and report. Once the names are outed, and the dead wood sorted, wammo, maybe with luck at least 3-4 million could be clawed back. Maybe more, be ruthless, and we just might survive and prosper......... hedley 1 Quote Share this post Link to post Share on other sites More sharing options...