NZ TAB embarrassing itself yet again '$50,000,000

[LightsOut]

on a new Betting Platform will make us more competitive with the rest of the world they said'. Ten Fixed odds markets on the NZ Trotting Cup from 10 outlets and your only getting $1.01 if you guess which one has the worst 'book' percentage. Remembering this is the NZ Trotting Cup not the Australian Trotting Cup and the form one would suggest is a little disclosed as a Cup field always is.

For the home Country of the race to have the worst race % smacks of one thing 'no idea, no knowledge and gross incompetence (including the new Board) but really should one be surprised. At least the GM of Wagering is on his bike out of there,shame he can't take his $50,000,000 betting platform with him and dump it in the Tasman where it belongs on his way home.

They want to retain NZ customers so start getting competitive so at least the monstrosity of a Betting Platform can start at least paying for the interest on itself. 

NZ TAB NZ Trotting Cup Fixed Odds at 10:00am raceday is 128.74% 

Other overseas book %'s at the same time. 

[LightsOut]

1:15m NZ Cup 'book'  % is 129.30 verse 128.74% at 10:00am mmmm usually closer to the race it should be getting less % wise.

Now highest book % from 11 outlets.

 

 

[talk]

Some factoring in of the Spring Fling. I don't bet overseas as I am a very small punter, but I an certain punters would take smaller odds when the benefit of the Spring Fling is included.

[LightsOut]

What is a Spring Fling? Sounds like a  gay rendezous to me

[Baz (NZ)]

Everyone attached and involved with purchasing this $50,000,000 piece of (at the Industry's expense!) should be sued and dumped in the Tasman!

YOU HEAR that John Allen, Glenda Hughes and you board full of useless corporate suits!

[nomates]

1 hour ago, Baz (NZ) said:

Everyone attached and involved with purchasing this $50,000,000 piece of (at the Industry's expense!) should be sued and dumped in the Tasman!

YOU HEAR that John Allen, Glenda Hughes and you board full of useless corporate suits!

4 of the management team at the TAB that were part of the shambles kept their jobs and are still there , where's the accountability . 

[pakari]

What does the new platform have to do with overrounds? 

They were $41 the 2 when others were $67 or more and $31 the 7 when others were $51 or or more. There is at least 5% there

[Dissident]

44 minutes ago, pakari said:

What does the new platform have to do with overrounds? 

They were $41 the 2 when others were $67 or more and $31 the 7 when others were $51 or or more. There is at least 5% there

Believe it or not, the new system was pitched as being capable of being more competitive with overseas betting agencies. Particularly to make it more attractive to "elite" customers who spend over $100,000 a year and have been converted to offshore betting agencies in droves over the last few years by much more attractive service and features. 

Adding the cash out option for example was meant to be one of those, but it's a waste of space the way it's done, who would bother to cash out for less than your actual bet amount. 

At the end of the day it's just one of many examples of how the tab is failing to show any promised increase in market competitiveness. Whether that is because the system is incapable or the failure is due to it needing constant manual overrides to function as intended it is still a $50 million dollar ++ failure. With some of those accountable still collecting their 6 figure salaries.

[Dockers]

20 hours ago, LightsOut said:

on a new Betting Platform will make us more competitive with the rest of the world they said'. Ten Fixed odds markets on the NZ Trotting Cup from 10 outlets and your only getting $1.01 if you guess which one has the worst 'book' percentage. Remembering this is the NZ Trotting Cup not the Australian Trotting Cup and the form one would suggest is a little disclosed as a Cup field always is.

For the home Country of the race to have the worst race % smacks of one thing 'no idea, no knowledge and gross incompetence (including the new Board) but really should one be surprised. At least the GM of Wagering is on his bike out of there,shame he can't take his $50,000,000 betting platform with him and dump it in the Tasman where it belongs on his way home.

They want to retain NZ customers so start getting competitive so at least the monstrosity of a Betting Platform can start at least paying for the interest on itself. 

NZ TAB NZ Trotting Cup Fixed Odds at 10:00am raceday is 128.74% 

Other overseas book %'s at the same time. 

Out of interest . How do you calculate the percentage?.

[Nukkledragga]

4 hours ago, Dockers said:

Out of interest . How do you calculate the percentage?.

Dont know exactly how but a simple explanation of the percentage total is if it  it is converted to dollars it is the amount you need to spend to win $100 so 128 %=$128 to win $100 spread over all runners so smaller is better for punters.SHORTER PRICES INCREASE THE % TOTAL.Roughly a$2 fave accounts for 50% $4 =25% etc but the complicated bit is between $1 and $2  where it goes from 50% to 100% the shorter it is priced, a small move in dollar terms is a big % move.Also we seem to be copying the overseas bookies who are paying increased poc taxes racefields levys etc but we do not have those costs yet so we should get better prices, the tab should have a competitive advantage , instead they are milking us AND enjoying an advantage over the opposition.

[LightsOut]

Quote

Out of interest . How do you calculate the percentage?.

Use the web site below if you wish to work out racing or sport book %'s.  Example on Race 9 the Lindauer Stewards at Riccarton today odds as at 12:30pm raceday. The race percentage  is 125 so the books overlay in their favour is 25%. The tote win % is 115.

https://overroundcalculator.com/

 

[LightsOut]

 The Lindauer Stewards  NZ TAB Fixed Odds are competitive with overseas which is in stark contrast to the NZ Trotting Cup market yesterday.

 

 

 

[Baz (NZ)]

 

[scoobysnacks]

They should also check their definition of "star"

[pakari]

On 11/11/2020 at 5:10 AM, Dockers said:

Out of interest . How do you calculate the percentage?.

1 divided by the odds x 100 then add them all up

[pakari]

On 11/10/2020 at 9:04 PM, Dissident said:

Believe it or not, the new system was pitched as being capable of being more competitive with overseas betting agencies. Particularly to make it more attractive to "elite" customers who spend over $100,000 a year and have been converted to offshore betting agencies in droves over the last few years by much more attractive service and features. 

Adding the cash out option for example was meant to be one of those, but it's a waste of space the way it's done, who would bother to cash out for less than your actual bet amount. 

At the end of the day it's just one of many examples of how the tab is failing to show any promised increase in market competitiveness. Whether that is because the system is incapable or the failure is due to it needing constant manual overrides to function as intended it is still a $50 million dollar ++ failure. With some of those accountable still collecting their 6 figure salaries.

1% difference on 1 race isn't really a good sample size. 

I doubt cash out would be factored into market percentage they bet at. Cashing our lower than your stake is par for the course across all bookies.

[Tauhei Notts]

Yet another example of how our TAB is out of control.

Race 2 at Remington Park today.  Where is Remington Park?  I don't know and I don't care.

Total turnover figures were win $4, place $4, quinella $2 and trifecta $3.

Why, oh why, oh why, do those clowns continue to offer betting on an outfit that any illegal pub bookie would consider to be uneconomic to handle; that is a $13 bet.

I am beginning to understand now just why the taxpayer had to bail out to the tune of $73mil an industry run by imbeciles.

There is material here for a cartoon in Ripley's "Believe it or Not".

Edited November 22, 2020 by Tauhei Notts
spelling

[Dissident]

Anyone else had this problem? Winning bet still not paid out more than 2 hrs post race? The place bet has paid