Don't You Believe It 93 Report post Posted April 21, 2017 On 4/20/2017 at 2:37 PM, slam dunk said: Perhaps you could in clear language explain what the FO betting platform is and how it differs to the current "platform" FO = Fixed Odds and it is largely automated and controlled offshore. Hence saves big $$$ of bookies here pricing the same events as already priced overseas. Plus lack of genuine expertise locally. Be a few bookies and odds fiddlers here looking for work. Probably better late than never but was on the radar ten years ago - just never executed. Blame previous Board's and Senior Mgmt. Quote Share this post Link to post Share on other sites More sharing options...
Don't You Believe It 93 Report post Posted April 21, 2017 23 hours ago, Newmarket said: Can anyone categorically tell me where this additional money is coming from. Is it from reserves or does NZRB modelling think that it will come from offshore in the guise of fees from racefield legislation. They are essentially saying trust me we will make this extra money. A bit like a company promising a big dividend before they have sold anything. If it goes tits up then will have to come from reserves. I don't think they'll make as much as they think from Racefields and Offshore betting legislation, but the FO platform change should save some headcount cost. Let's be generous and say they get half way there so that only half the promise has to come from reserves. Oooops. Fartoomuch 1 Quote Share this post Link to post Share on other sites More sharing options...
Don't You Believe It 93 Report post Posted April 21, 2017 19 hours ago, Ohokaman said: Correct NM. Agree 100% Quote Share this post Link to post Share on other sites More sharing options...
slam dunk 1,317 Report post Posted April 21, 2017 10 hours ago, shaneMcAlister said: FO is fixed odds. The idea is the new Fixed Odds betting platform will enable 10,000's of options for betting (like Ladbrokes, Bet365, William Hill etc have already). This is very appealing for American Sports (which by their stop start nature etc have the biggest turnovers of all sports). This is bit like a car salesman saying the new car will run faster and cheaper but won't tell or can't whats under the bonnet. For all thats been written about the FO Platform no one any where has given an indepth technical and business description. Quote Share this post Link to post Share on other sites More sharing options...
Leggy 4,089 Report post Posted April 21, 2017 11 hours ago, 2Admin2 said: The more you read about this announcement the more smoke and mirrors you can see. In the short term it must be coming from reserves or pokies as the current NZRB turnover is down 2.5%. Given the shift from the tote to lower yield fixed odds continues racing derived revenue must be down. Haven't posted these figures for a while. Good news for participants in the short term but it's like selling the family silver to pay for the gin. And where the hell are the RB 6 month financials? I might like the lengthy kind of massage that they must be getting. NZ Thoroughbred Summary FY17 This Season,Year to Date Last Season,Year to Date Variance+/() Variance+%/(%) Meetings 222 236 (14) (5.93%) Races 1,839 1,993 (154) (7.73%) Total Starts 19,404 20,978 (1,574) (7.50%) Avg Field Size 10.55 10.53 +0.03 +0.24% Number of races less than 8 starters 283 311 (28) (9.00%) Off-Course Turnover (Totalisator & FOB) 288,668,379.08 303,567,152.93 (14,898,773.85) (4.91%) On-Course Turnover (Totalisator & FOB) 23,128,967.87 26,059,489.06 (2,930,521.19) (11.25%) Total NZ Thoroughbred Turnover 311,797,346.95 329,626,641.99 (17,829,295.04) (5.41%) Subtotal Totalisator Turnover 212,690,527.08 218,298,418.89 (5,607,891.81) (2.57%) Subtotal FOB Turnover 99,106,819.87 111,293,433 (12,186,613.13) (10.95%) NZ Thoroughbred Turnover per Race 169,547.23 165,392.19 +4,155 +2.51% NZ Thoroughbred Turnover per Starter 16,068.72 15,712.97 +356 +2.26% Total NZRB Racing Turnover 1,217,931,235.67 1,270,135,777.42 (52,204,541.75) (4.11%) Subtotal NZ Racing Turnover 582,085,449.3 619,581,901.47 (37,496,452.17) (6.05%) Subtotal Imported Racing Turnover 635,845,786.37 650,553,875.95 (14,708,089.58) (2.26%) Total NZRB Sports Turnover 403,692,306.16 393,192,659.14 +10,499,647 +2.67% Total NZRB Turnover 1,621,623,541.83 1,663,328,436.56 (41,704,894.73) (2.51%) NZ Thoroughbred Export Turnover $NZ (to 31 Mar) 226,598,457.53 246,760,241.03 (20,161,783.5) (8.17%) Total Races (to 31 Mar) 1,724 1,874 (150) (8.00%) NZ Thoroughbred Export turnover $NZ per race 131,437.62 131,675.69 (238.07) (0.18%) cherry_bomb 1 Quote Share this post Link to post Share on other sites More sharing options...
Midget 4,489 Report post Posted April 21, 2017 I'm amazed more people haven't expressed concerns about the Bernard Saundry situation. It does make you wonder if this industry gets what it deserves and deserves what it gets. toolittletoolate and Turny 2 Quote Share this post Link to post Share on other sites More sharing options...
Turny 1,224 Report post Posted April 21, 2017 38 minutes ago, Midget said: I'm amazed more people haven't expressed concerns about the Bernard Saundry situation. It does make you wonder if this industry gets what it deserves and deserves what it gets. Midget, the level of distrust is high - acceptance level low as they will do what they want on another agenda on which participants do not feature highly Quote Share this post Link to post Share on other sites More sharing options...
Fartoomuch 1,376 Report post Posted April 21, 2017 1 hour ago, Midget said: I'm amazed more people haven't expressed concerns about the Bernard Saundry situation. It does make you wonder if this industry gets what it deserves and deserves what it gets. Perhaps because he cant be any worse than his predecessors and because NZRB run the show. Their actions dictate the future of the game. Quote Share this post Link to post Share on other sites More sharing options...
cherry_bomb 89 Report post Posted April 21, 2017 Leggy thanks for posting that table. FOB racing has taken a big hit comparatively, impact of offshore bookies poaching? Quote Share this post Link to post Share on other sites More sharing options...
Kotare_Hunter 748 Report post Posted April 21, 2017 1 minute ago, Sandpiper said: Leggy thanks for posting that table. FOB racing has taken a big hit comparatively, impact of offshore bookies poaching? Kiwi punters forced offshore ? Quote Share this post Link to post Share on other sites More sharing options...
We're Doomed 4,866 Report post Posted April 21, 2017 No one really seems to have latched onto the fact that over half of the increase will fund the $10,000 minimums already announced. That leaves about $57,000 a week to actually boost stakes further. All it allows for really is to say move rating 70/75's at industry meetings to around $12,500 and rating 80/85's to about $15,000. There may be a few thousand left to boost a few other races, but not much. So anyone thinking of Saturday minimums of $35,000 is dreaming. Besides, the increased Saturday stakes so far haven't really achieved much, just look at Trentham this weekend. The other thing that hasn't been commented on is the optimising of the racing calendar. I wonder what they mean by that? Quote Share this post Link to post Share on other sites More sharing options...
puha 2,177 Report post Posted April 21, 2017 1 hour ago, Sandpiper said: Leggy thanks for posting that table. FOB racing has taken a big hit comparatively, impact of offshore bookies poaching? A mate of mine has been smashing a local sport lately and doing well. His bets have been harder to place lately and the TAB reps have requested a talk on the phone . You know the odds and we won't let you win consistently. Quote Share this post Link to post Share on other sites More sharing options...
Leggy 4,089 Report post Posted April 21, 2017 3 hours ago, Midget said: I'm amazed more people haven't expressed concerns about the Bernard Saundry situation. It does make you wonder if this industry gets what it deserves and deserves what it gets. Well this is all rumour at this stage isn't it? But you'd have to wonder how he could possibly even be interviewed if in fact that is true. Left RV under claims of tacitly supporting bullying and with member clubs reportedly “bleeding’’ and desperately needed funding. Just what we need I guess. Quote Share this post Link to post Share on other sites More sharing options...
Midget 4,489 Report post Posted April 21, 2017 4 hours ago, Leggy said: Well this is all rumour at this stage isn't it? But you'd have to wonder how he could possibly even be interviewed if in fact that is true. Left RV under claims of tacitly supporting bullying and with member clubs reportedly “bleeding’’ and desperately needed funding. Just what we need I guess. It's true. Quote Share this post Link to post Share on other sites More sharing options...
Trump 2,741 Report post Posted April 21, 2017 The good ones are kept. Saundry is finished in Melb so really, NZ is really a backward step for him. Good luck to all if he's the chosen one. Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,842 Report post Posted April 21, 2017 When will we ever learn..?? You would have thought the Andrew Brown appointment would have put them off overseas applicants for a lifetime, but what do we get...Purcell, Bayliss, Saunders et al and now Saundry....???? As Midget says, we get what we deserve..... Quote Share this post Link to post Share on other sites More sharing options...
Don't You Believe It 93 Report post Posted April 27, 2017 On 4/21/2017 at 8:27 PM, Sandpiper said: Leggy thanks for posting that table. FOB racing has taken a big hit comparatively, impact of offshore bookies poaching? Means nothing without considering the gross yield / revenue / gross margin. I recall JA saying something about losing a few big punters. Probably due to not paying enough rebates. The lack of transparency makes it difficult to assess anything more. The overall NZTR decline looks consistent with the decline in races - due to weather? this year. gary1 1 Quote Share this post Link to post Share on other sites More sharing options...