LightsOut 486 Report post Posted May 31, 2020 on a new betting platform to be competitive with the rest of the world, just more bullshit sold to the Industry. Penrith vs Newcastle at half time score 14-6 Panthers and they turn the tap off on the Panthers after having them at $1.01 while the rest of the world were $1.04 and Betfair $1.06. If you are only offering $14 on one team and close book on the other team pay out all the bets on them. You would call them fleas but that would be insulting the flea's of the world. Close the book and while your at it close your business down your cluless. Your going that bad you cant take 100k at $1.04 with 40 minutes to go give up and sack yourselves. ivanthegreat 1 Quote Share this post Link to post Share on other sites More sharing options...
TurnyTom 1,541 Report post Posted May 31, 2020 They have little clues, but hang on in there as they are there to be plucked as they have sacked the downstairs brains who set the odds. Upstairs have no idea. It's a goldmine for us. Yesterday at the dogs they gave a free bet if your dog finished in the first four in a four dog race. Bookmaking crazy Get in but clean your account ever race day as they will fall over. It is inevitable, they will be gone by December and an Ozzie outfit will get the NZ Tab for nothing. Red Rum and 47South 2 Quote Share this post Link to post Share on other sites More sharing options...
LightsOut 486 Report post Posted May 31, 2020 Ha ha free bet if your dog finished 4th in 4 runner race beautiful. Obviously they changed the wording on that race from 'if your win bet on a greyhound doesn't win but runs 2nd-4th we will give you up to $30 in bonus bets to 'have a bet on any runner in the race and we will credit you up to $30 in bonus bets' at least that doesn't sound so stupid. Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,090 Report post Posted May 31, 2020 Do you think anyone took up the bonus bet offer LightsOut 1 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,090 Report post Posted May 31, 2020 Or are all the punters not shrewd enough LightsOut 1 Quote Share this post Link to post Share on other sites More sharing options...
puha 2,177 Report post Posted May 31, 2020 53 minutes ago, LightsOut said: on a new betting platform to be competitive with the rest of the world, just more bullshit sold to the Industry. Penrith vs Newcastle at half time score 14-6 Panthers and they turn the tap off on the Panthers after having them at $1.01 while the rest of the world were $1.04 and Betfair $1.06. If you are only offering $14 on one team and close book on the other team pay out all the bets on them. You would call them fleas but that would be insulting the flea's of the world. Close the book and while your at it close your business down your cluless. Your going that bad you cant take 100k at $1.04 with 40 minutes to go give up and sack yourselves. 14-14 full time ha Quote Share this post Link to post Share on other sites More sharing options...
LightsOut 486 Report post Posted May 31, 2020 Just shows the reason why the NZ TAB should not be in the business of bookmaking and why the new platform will never pay for itself. Take bets at $1.04 and your only paying out half making good money. Just once again proves how clueless the management are and why the Industry is in financial strife. Baz (NZ) and Tauhei Notts 2 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,090 Report post Posted May 31, 2020 If anyone put 100k on and won how long before their account is restricted Tropical 1 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,090 Report post Posted May 31, 2020 1 hour ago, LightsOut said: Ha ha free bet if your dog finished 4th in 4 runner race beautiful. Obviously they changed the wording on that race from 'if your win bet on a greyhound doesn't win but runs 2nd-4th we will give you up to $30 in bonus bets to 'have a bet on any runner in the race and we will credit you up to $30 in bonus bets' at least that doesn't sound so stupid. Do you think it's good business the tab paying out 3 place diveys in small fields on fixed odds? Quote Share this post Link to post Share on other sites More sharing options...
Patiti 274 Report post Posted May 31, 2020 2 hours ago, mikenz said: Do you think it's good business the tab paying out 3 place diveys in small fields on fixed odds? No Quote Share this post Link to post Share on other sites More sharing options...
LightsOut 486 Report post Posted June 2, 2020 Quote Do you think it's good business the tab paying out 3 place diveys in small fields on fixed odds? no Patiti 1 Quote Share this post Link to post Share on other sites More sharing options...
Maximus 439 Report post Posted June 2, 2020 In our brave new post-Covid world, could we partially solve our pathetic 'TAB Fixed Odds/bookies' problem by allowing bookmakers on-course and licensing overseas bookies to compete with or replace the TAB? LightsOut 1 Quote Share this post Link to post Share on other sites More sharing options...
Stables 577 Report post Posted June 2, 2020 Has been tried and was an abject failure Maximus 1 Quote Share this post Link to post Share on other sites More sharing options...
TurnyTom 1,541 Report post Posted June 2, 2020 Was on course with Robbie Waterhouse at Te Rapa in the early 90s flew up to experience it, was an absolute joke posted odds 10% below tab odds - spoke to him and he said no turnover, no price he basically told me kiwi punters weren't aggressive and played on favourites, the bookies nightmare CJC has a guy in the old National stand doing it 15 years ago was great atmosphere and he was around or over tab odds but I understand he got thumped by a local trainer and lost 25k in one bet and was gone. He was good too. Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted June 2, 2020 On 5/31/2020 at 7:41 PM, TurnyTom said: They have little clues, but hang on in there as they are there to be plucked as they have sacked the downstairs brains who set the odds. Upstairs have no idea. It's a goldmine for us. Yesterday at the dogs they gave a free bet if your dog finished in the first four in a four dog race. Bookmaking crazy Get in but clean your account ever race day as they will fall over. It is inevitable, they will be gone by December and an Ozzie outfit will get the NZ Tab for nothing. Can i get a 1000 on NZTAB being gone by December and sold to Oz bookmaker for nothing. Greg Quote Share this post Link to post Share on other sites More sharing options...
shaneMcAlister 1,425 Report post Posted June 2, 2020 1 minute ago, JJ Flash said: Can i get a 1000 on NZTAB being gone by December or are you just another keyboard bullshitter. Greg Hi Greg You really must work for RITA as you are wanting a bet without knowing the odds To a lot of customers the odds are the main reason for taking a bet. TurnyTom 1 Quote Share this post Link to post Share on other sites More sharing options...
TurnyTom 1,541 Report post Posted June 2, 2020 JJ you weren't the Dog Bookie who set them up for a hit were you Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted June 2, 2020 10 hours ago, TurnyTom said: JJ you weren't the Dog Bookie who set them up for a hit were you No but I'm also not the idiot who said the TAB would be broke by December and in the hands of Ozzies . Put up or shut time Tom and I think we a know your running already Greg TurnyTom 1 Quote Share this post Link to post Share on other sites More sharing options...
shaneMcAlister 1,425 Report post Posted June 2, 2020 1 hour ago, JJ Flash said: No but I'm also not the idiot who said the TAB would be broke by December and in the hands of Ozzies . Put up or shut time Tom and I think we a know your running already Greg Hi Greg His statement is not that outlandish, RITA/TAB was two days away from being broke till it got $50M from Winston Peters. $27M was needed for immediate debts. During lockdown RITA have been making changes, however these changes can hardly be classified as revenue growing. We could potentially find that RITA turnover post lockdown is much further down than anticipated. Hopefully not. I have a friend that works for Australian bookmaker and he said during lockdown their turnover is way up. Reason for this is that apparently 30% of aussie turnover is done in clubs, pubs and TAB outlets. With these closed customers have set up some new online accounts. This will have happened in NZ to some extent too. RiTAs model for growth seems to be to produce a worse product (Less presenters, less cameras, less face to face betting, less prize money, less quality horses etc) and get the government to make it law that we must do our betting on this, through a shit overpriced betting platform. Don’t get me wrong I think Dean is obviously very capable and the RITA board have all been professionally successful but this current ruination of our domestic product is very concerning and appears to me (little experience) to be short sighted. dock leaf and TurnyTom 2 Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted June 2, 2020 11 hours ago, shaneMcAlister said: Hi Greg You really must work for RITA as you are wanting a bet without knowing the odds To a lot of customers the odds are the main reason for taking a bet. Dont work for RITA or previous crowd. Your correct about price sensitivity Greg Quote Share this post Link to post Share on other sites More sharing options...
TurnyTom 1,541 Report post Posted June 2, 2020 Not outlandish at all, I suspect a further bailout will be required this year and it will not be given, herein the potentia sale. My odds very short Quote Share this post Link to post Share on other sites More sharing options...
Berri 2,131 Report post Posted June 2, 2020 45 minutes ago, shaneMcAlister said: Hi Greg His statement is not that outlandish, RITA/TAB was two days away from being broke till it got $50M from Winston Peters. $27M was needed for immediate debts. During lockdown RITA have been making changes, however these changes can hardly be classified as revenue growing. We could potentially find that RITA turnover post lockdown is much further down than anticipated. Hopefully not. I have a friend that works for Australian bookmaker and he said during lockdown their turnover is way up. Reason for this is that apparently 30% of aussie turnover is done in clubs, pubs and TAB outlets. With these closed customers have set up some new online accounts. This will have happened in NZ to some extent too. RiTAs model for growth seems to be to produce a worse product (Less presenters, less cameras, less face to face betting, less prize money, less quality horses etc) and get the government to make it law that we must do our betting on this, through a shit overpriced betting platform. Don’t get me wrong I think Dean is obviously very capable and the RITA board have all been professionally successful but this current ruination of our domestic product is very concerning and appears to me (little experience) to be short sighted. This is an insightful post. You are right Shane but the problem still lies with the execution of a business model that remains unclear. On the 14th December (seems like such a long time ago) an internal note recommended approaching the Minister for a bailout of $21m. This was later revised to $26m (coincidentally the amount they were going to default on) and then Covid did its thing. What is obvious is that there seems to be little in the way of direction in respect of strategy. The reason the bookmakers did/ are doing well through a lock down is exactly as Share said, if you like gambling and went to the local to do it, then you needed to get on-line. Just take a look at how many people started getting their favourite produce on-line. I supported the local butcher because I thought it unfair to both the farmers and the butcher that they couldn't sell their stuff but it was OK that we give our money to the Australian sharks who own the supermarkets. Figure that. So I bought my meat on-line. Dam good meat too I might add. So what strategy was made public to RITA's customers to get them betting? Nothing. In there lies the problem. shaneMcAlister 1 Quote Share this post Link to post Share on other sites More sharing options...
Stables 577 Report post Posted June 2, 2020 It is my understanding that the Australian Government has already introduced legislation preventing Australians from betting on overseas betting agencies Quote Share this post Link to post Share on other sites More sharing options...
shaneMcAlister 1,425 Report post Posted June 2, 2020 3 minutes ago, Stables said: It is my understanding that the Australian Government has already introduced legislation preventing Australians from betting on overseas betting agencies If this is true, it must be taken in context that Australia probably still has at least 10 bookmakers to choose from, hence still competition. NZ wants just the TAB. To make matters worse we still want to be able to let overseas customers use our TAB. Can’t have cake and eat it. Huey 1 Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted June 2, 2020 59 minutes ago, TurnyTom said: Not outlandish at all, I suspect a further bailout will be required this year and it will not be given, herein the potentia sale. My odds very short What odds are you offering on this and how much can we get set for. C'mon son put your balls on the line and back up your stupidity Greg TurnyTom 1 Quote Share this post Link to post Share on other sites More sharing options...