Nerula

Stakes back to 14th

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21 minutes ago, Nerula said:

Licencees and sector groups want this changed. Less trickle down.

It is a bizarre and illogical system invented by someone with little or no idea about anything. It never occurred to them that some races have 15 or 16 starters, and often major races.

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Possibly  one of the only good initiatives they have come up with imo. I have said before I think the distribution maybe needs to be looked (particularly on Saturday i.e. why is running 14th worth more on a Saturday than a Thursday) at but the free racing for jockey payments is a very good initiative. Participation is also a very key factor in the sport that is considerably overlooked, particularly by those who like everything their own way!

Let me guess those who want it changed are the same ones who wanted free racing gone, geniuses that lot. 

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Distribute the stake money 65% the winner, 20% second, 10% third and 5% fourth.

Horses placed fifth through to tenth get their entry fees and riding fee refunded.

The savings in Goods and Services Tax would be huge.

Consider the split to be 62.5% first and 2.5% for fifth for races of $50,000 or more, in which case it would be 6th to tenth get their expenses refunded.

The above system is too simple for the powers that be to comprehend, and guess what the trainer's percentage would be if that trainer was good enough to train a horse to come 9th when the tenth horse was scratched.  Sweet F.A., and F.A. is not the Football Association.

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Sorry guys you haven't thought this through. Most of the payouts after weigh ins go 200, 200 ,200 and on to 14th place. but say the average field size is 11 then there is $600 not paid out say in a day of 9 races that $5400.

So NZTR have plenty of money for an extra race if they have to split a field of noms. But the real reason is they are wanting to build reserves. 

Desperately wanting to see TAB get its act together. But its at the cost of Owners and licencees

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1 hour ago, Tauhei Notts said:

Distribute the stake money 65% the winner, 20% second, 10% third and 5% fourth.

Horses placed fifth through to tenth get their entry fees and riding fee refunded.

The savings in Goods and Services Tax would be huge.

Consider the split to be 62.5% first and 2.5% for fifth for races of $50,000 or more, in which case it would be 6th to tenth get their expenses refunded.

The above system is too simple for the powers that be to comprehend, and guess what the trainer's percentage would be if that trainer was good enough to train a horse to come 9th when the tenth horse was scratched.  Sweet F.A., and F.A. is not the Football Association.

That makes sense to me, I think its important to keep the entry fees and jock fees covered no matter how many in the race.

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1 hour ago, Nerula said:

Sorry guys you haven't thought this through. Most of the payouts after weigh ins go 200, 200 ,200 and on to 14th place. but say the average field size is 11 then there is $600 not paid out say in a day of 9 races that $5400.

So NZTR have plenty of money for an extra race if they have to split a field of noms. But the real reason is they are wanting to build reserves. 

Desperately wanting to see TAB get its act together. But its at the cost of Owners and licencees

So surely a simple formula for distribution should apply to each race? Can't be that hard surely? Still not convinced the payments for running 6th-14th on a Saturday should be any different to a midweek race though.

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This paying to 14 is the greatest robbery (without a gun) of owners I have seen in a long time.  With average runners of 11 per race, NZTR is not paying out for an overage of 3 runners or 6% of ADVERTISED stakes.  NZTR have saved nearly 2 million this season alone.  I personally think this is not right!!!

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So saving now equals robbery?

Where do you think the funding for extra/split races comes from? When the races moved to Saturday (when Derby was moved) and stakes were raised, where did that money come from? And how about when an extra meeting is added?

And don't forget 12 months ago the TAB was virtually insolvent. Having a reserve (savings) for a rainy day might not be that stupid?

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Then there is also the integrity angle, horses may be started to pick up the $200. Like chuck a couple of extra neddies on the truck to get beer money. no good for the horse or the owner.

But the essence is its an aspirational game and mediocrity should not be rewarded

 

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2 minutes ago, berzerk said:

So saving now equals robbery?

Where do you think the funding for extra/split races comes from? When the races moved to Saturday (when Derby was moved) and stakes were raised, where did that money come from? And how about when an extra meeting is added?

And don't forget 12 months ago the TAB was insolvent. Having a reserve (savings) for a rainy day might not be that stupid?

NZTR not NZTAB is southing the dough. Desperate to build a reserve in case the TAB turn to custard again.

Robbo didnt like the TAB board noms as a couple were from the previous trough. In defence of 'TR they have a right to be cautious. But the cost to licencees and owners is an iniquity.

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41 minutes ago, berzerk said:

So saving now equals robbery?

Where do you think the funding for extra/split races comes from? When the races moved to Saturday (when Derby was moved) and stakes were raised, where did that money come from? And how about when an extra meeting is added?

And don't forget 12 months ago the TAB was virtually insolvent. Having a reserve (savings) for a rainy day might not be that stupid?

Pre COVID there were $10k races with winner getting $6,200. Now these races on average are $9.4K and winner getting $5,400.  It’s the owner (and a lot of breeders and trainers are owners too) that is having less money go back into the game. 

Extra races, we are splitting $10k races (not $100k races) and there are actually over 100 less races than last year. 

I would have thought it was the NZTR’s role to pay the money given to the nztr from the tab for prize money to owners. Not save for rainy days, some people still don’t realise it but these are rainy days

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On 3/21/2021 at 9:43 PM, berzerk said:

So saving now equals robbery?

Where do you think the funding for extra/split races comes from? When the races moved to Saturday (when Derby was moved) and stakes were raised, where did that money come from? And how about when an extra meeting is added?

And don't forget 12 months ago the TAB was virtually insolvent. Having a reserve (savings) for a rainy day might not be that stupid?

I don't get saving money should the TAB fold, are they looking to put a $100m kitty together or something? and establish their own betting agency if this occurs?

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People ! TAB do not set the stakes, it is NZTR and the clubs can top that (the stakes)up.

What is desperately needed is TAB to look at there books and come out with projections for the payouts to the codes for next year and and say the one after.

But the Minister is duffing around wanting new nominations to the TAB board. He didnt like what was put up before (and he may have been well advised.)

But the guts is an interim Board may not want to ok a future funding policy as they do not want to impose that on a new Board.

If the affairs of Racing was a racehorse or a dog a good name would be INERTIA.

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