Al Feilding 292 Report post Posted August 28, 2021 Entertaining afternoon/evening coming up,we’ll over 4000 in, $280oddK in the pot, go get them boys. Gruff and shaneMcAlister 2 Quote Share this post Link to post Share on other sites More sharing options...
Al Feilding 292 Report post Posted August 28, 2021 The  boys need to pick it up, glad my insurance bets have payed my sub. What a pickup for BP. Time to letdown boys. Quote Share this post Link to post Share on other sites More sharing options...
Tyronne Barley 1 Report post Posted August 28, 2021 Jesus they were quiet all day till the last !! Well done on getting out. Does Luke disclose the rebate he gets from the TAB ? fermoy 1 Quote Share this post Link to post Share on other sites More sharing options...
premixer 105 Report post Posted August 28, 2021 Think they got out even with the quinella in the last at Caulfield. Quote Share this post Link to post Share on other sites More sharing options...
Al Feilding 292 Report post Posted August 28, 2021 1 minute ago, premixer said: Think they got out even with the quinella in the last at Caulfield. Go the lads..not done yet. Quote Share this post Link to post Share on other sites More sharing options...
mike28 182 Report post Posted August 28, 2021 what did the bgp syndicate finish up on. The tab also had a syndicate how did they go Quote Share this post Link to post Share on other sites More sharing options...
Baz (NZ) 1,722 Report post Posted August 28, 2021 Quote Share this post Link to post Share on other sites More sharing options...
mike28 182 Report post Posted August 28, 2021 cheers not bad nearly money back Quote Share this post Link to post Share on other sites More sharing options...
premixer 105 Report post Posted August 28, 2021 TAB topped everyone back up to break even so no winners or losers. JJ Flash 1 Quote Share this post Link to post Share on other sites More sharing options...
Spikecity 749 Report post Posted August 28, 2021 Last one for me. Their best bet and early bet was Probabeel ($40,000 to win) and yet when they got desperate they were firing $30K, $50K on this and that on a whim. C Waller had told them his best chance of the day was Coastwatch and they put nothing on it. Yes they got out with a $50K quinella, but when they did (and this was at almost the end of the day) they were looking at meetings at Hicksville to try to bet more. I admire their spirit, enthusiasm and the interest they generate in the sport, but please stop leaving the punting to amateurs mike28, scoobysnacks, JJ Flash and 2 others 4 1 Quote Share this post Link to post Share on other sites More sharing options...
poundforpound 745 Report post Posted August 29, 2021 5 hours ago, Spikecity said: Last one for me. Their best bet and early bet was Probabeel ($40,000 to win) and yet when they got desperate they were firing $30K, $50K on this and that on a whim. C Waller had told them his best chance of the day was Coastwatch and they put nothing on it. Yes they got out with a $50K quinella, but when they did (and this was at almost the end of the day) they were looking at meetings at Hicksville to try to bet more. I admire their spirit, enthusiasm and the interest they generate in the sport, but please stop leaving the punting to amateurs Sour grapes ! They do a great job fir the industry ….can’t you applaud them instead of putting the boot in ? drewandjo and JJ Flash 2 Quote Share this post Link to post Share on other sites More sharing options...
We're Doomed 4,867 Report post Posted August 29, 2021 6 hours ago, Spikecity said: Last one for me. Their best bet and early bet was Probabeel ($40,000 to win) and yet when they got desperate they were firing $30K, $50K on this and that on a whim. C Waller had told them his best chance of the day was Coastwatch and they put nothing on it. Yes they got out with a $50K quinella, but when they did (and this was at almost the end of the day) they were looking at meetings at Hicksville to try to bet more. I admire their spirit, enthusiasm and the interest they generate in the sport, but please stop leaving the punting to amateurs Punters clubs are all about generating turnover, not making money for their members. If they were $1m up after three races they wouldn't have stopped, they would have kept turning it over. That is the nature of the beast. JJ Flash 1 Quote Share this post Link to post Share on other sites More sharing options...
Mazz and Dalts 15 Report post Posted August 29, 2021 1 hour ago, poundforpound said: Sour grapes ! They do a great job fir the industry ….can’t you applaud them instead of putting the boot in ? Nobody is disputing that PF4 but this whole punters club was pretty poorly run considering they had almost 300k involved. Luke, at the conclusion, noted a 90% return to all stakeholders whish is slightly misleading. A 90 % return would normally be based on 90% plus the return of the original capital. Not 90% of the original capital Quote Share this post Link to post Share on other sites More sharing options...
Charlie Bukowski 411 Report post Posted August 29, 2021 3 hours ago, Mazz and Dalts said: Nobody is disputing that PF4 but this whole punters club was pretty poorly run considering they had almost 300k involved. Luke, at the conclusion, noted a 90% return to all stakeholders whish is slightly misleading. A 90 % return would normally be based on 90% plus the return of the original capital. Not 90% of the original capital For the love of Mary ..... tasman man and JJ Flash 2 Quote Share this post Link to post Share on other sites More sharing options...
Archer 296 Report post Posted August 29, 2021 22 hours ago, premixer said: TAB topped everyone back up to break even so no winners or losers. So the TAB gave the BGP $ 28,000 back ? Quote Share this post Link to post Share on other sites More sharing options...
Idolmite 2,560 Report post Posted August 29, 2021 5 hours ago, Mazz and Dalts said: Nobody is disputing that PF4 but this whole punters club was pretty poorly run considering they had almost 300k involved. Luke, at the conclusion, noted a 90% return to all stakeholders whish is slightly misleading. A 90 % return would normally be based on 90% plus the return of the original capital. Not 90% of the original capital That would be a 190% return in most eyes, I suspect. 190% return = 90% profit. Return/Profit. That's where you're getting confused.  90% return = 10% loss. JJ Flash 1 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,091 Report post Posted August 29, 2021 1 hour ago, Archer said: So the TAB gave the BGP $ 28,000 back ? Gee if they would do that for me I would get into punting in a big way, what would I have to lose? Quote Share this post Link to post Share on other sites More sharing options...
We're Doomed 4,867 Report post Posted August 29, 2021 12 hours ago, Archer said: So the TAB gave the BGP $ 28,000 back ? I don't know what all the breakdowns are these days but I assume they spent well over $500,000, so the TAB probably made about $50,000 from various deductions. The big winner of course would have been the Govt with GST and other duties, we shouldn't really begrudge them that, they need all the money they can get these days. The big problem with punters clubs is that some punters invest their $10 or so and that is their total direct investment for the day, they then get their interest for the day from following the club bets rather than putting on any more bets of their own. So the Club needs to churn the money over as much as possible so there is a net benefit for the day. Baz (NZ) 1 Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,136 Report post Posted August 29, 2021 12 minutes ago, We're Doomed said: I don't know what all the breakdowns are these days but I assume they spent well over $500,000, so the TAB probably made about $50,000 from various deductions. The big winner of course would have been the Govt with GST and other duties, we shouldn't really begrudge them that, they need all the money they can get these days. The big problem with punters clubs is that some punters invest their $10 or so and that is their total direct investment for the day, they then get their interest for the day from following the club bets rather than putting on any more bets of their own. So the Club needs to churn the money over as much as possible so there is a net benefit for the day. Well said, it was once again a marvelous effort by BGP to get others interested in TB racing. As a bonus it was cheap marketing/advertising for NZTAB given the likely future multiplier effect of the promo. It also IMO showed how  each party worked with the other to get a positive outcome for both entities. Baz (NZ) and mckenzie 1 1 Quote Share this post Link to post Share on other sites More sharing options...
Mazz and Dalts 15 Report post Posted August 29, 2021 13 hours ago, Idolmite said: That would be a 190% return in most eyes, I suspect. 190% return = 90% profit. Return/Profit. That's where you're getting confused.  90% return = 10% loss. I'm not confused at all. When Milford or Fisher Funds or any Fund announces a, for example, 23% return for 2021 what do you think that means?? they don't announce a 123% return. Quote Share this post Link to post Share on other sites More sharing options...
Idolmite 2,560 Report post Posted August 30, 2021 4 hours ago, Mazz and Dalts said: I'm not confused at all. When Milford or Fisher Funds or any Fund announces a, for example, 23% return for 2021 what do you think that means?? they don't announce a 123% return. But on that case doesn't your original investment stay in place? So yes, if you're only taking the interest your return IS 23% in that case. That's not the case in something like a Punter's Club. You get your share of everything left at the end of each day, so the return included your original "investment". JJ Flash 1 Quote Share this post Link to post Share on other sites More sharing options...
Mazz and Dalts 15 Report post Posted August 30, 2021 1 hour ago, Idolmite said: But on that case doesn't your original investment stay in place? So yes, if you're only taking the interest your return IS 23% in that case. That's not the case in something like a Punter's Club. You get your share of everything left at the end of each day, so the return included your original "investment". I can see your point mate. Perhaps, in order to be less ambiguous, the correct statement would have just been ' a 10% loss'. It is neither here nor there though, good for racing and good for the TAB and good for the Government so, net net, its positive Quote Share this post Link to post Share on other sites More sharing options...
Leggy 4,090 Report post Posted August 30, 2021 6 hours ago, Mazz and Dalts said: I'm not confused at all. When Milford or Fisher Funds or any Fund announces a, for example, 23% return for 2021 what do you think that means?? they don't announce a 123% return. Exactly. A return is defined as a profit on an investment. This is not a return it is a loss. Even after the TAB top up there is no return. Calling it a return is very misleading. Baz (NZ) and barryb 2 Quote Share this post Link to post Share on other sites More sharing options...
tasman man 742 Report post Posted August 30, 2021 6 hours ago, Mazz and Dalts said: I'm not confused at all. When Milford or Fisher Funds or any Fund announces a, for example, 23% return for 2021 what do you think that means?? they don't announce a 123% return. Racing jargon in use is somewhat different to the norm. Maybe the gambling aspect dictates this or having a flutter refers to the money being thrown into the wind to flutter around or simply blown away. Or flushing the money down the dunny......the expectation for it to return is low. The same jargon is commonly used in horse ownership. The return to NZ owners is 23% [ NSW is 48%] and that means stakes money paid back equates to 23% of the costs....loss of 77%. I've heard it said that only 5% of those folk betting on horses actually make money......to get 90 % of your flutter back is a happy result ...mostly ! Quote Share this post Link to post Share on other sites More sharing options...
rancho 19 Report post Posted August 30, 2021 Don’t let the perfect get in the way of the good. I put $25 into BGP club and was also on the zoom call with about 200 other participants for the afternoon.  It was a heck of a lot of fun & a great way to spend a wet locked down Saturday afternoon! BGP have asked for feedback on what could be done differently next time - plenty of opportunity to provide feedback through their social media. I’ll be in the next one.   JJ Flash, Patiti, Kloppite and 4 others 5 2 Quote Share this post Link to post Share on other sites More sharing options...