BOOKIE WAR

[mighty_tiger_79]

BOOKIE WAR

i went to Gawler on tuesday for the final of the anniversary cup and all the talk on track was about the happenings of the previous thursday evening at Angle Park.

apparently Curly rocked up and started betting 95%!!!!!!!!!!! that is unbelievable, i just wish i didnt have work commitments and was able to be on track.

that would have created some serious competition between the two bookies. i wonder how the competition felt about it all.

i have bagged the Seal outlet but on this occassion they deserve a compliment for giving punters something that is comparable to the tote. normally most dogs on the tote are 'overs', but with 95% markets there is some value to be had.

i hope that in the future the Seal outlet continue with the low % on the dogs and even extend there foray into the service and rock up on monday nights as well as thursday nights. wednesday mornings???????????????? pretty please!!!!!!!!!!!!!!!!!!

Bookies should bet about the 115% that the TAB bet too, they would get more business that way.

[another grub]

here here....

[Dutchy]

good news, the more competition the better for the punter

[Wedgie]

Im lucky to get to 1 galloops/trots/dogs event a year, and when I do go I end up betting with the tote because of the crap odds offered by the bookies.
If they improved their odds I'd definately get along more often.
Perhaps orgs like the SAJC and the other relevent orgs should threaten/offer incentives to the bookies.

[another grub]

youd think making money... would be a good incentive wouldnt ya???

[mighty_tiger_79]

if the bookies bet the same percentages as the tote then they would get more business and if the punters could make money then they are likely to keep rolling up to the track, whereas most punters stay at home or the pub because they know that the tote is more likely to be the value.

[mal]

Im lucky to get to 1 galloops/trots/dogs event a year, and when I do go I end up betting with the tote because of the crap odds offered by the bookies.
If they improved their odds I'd definately get along more often.
Perhaps orgs like the SAJC and the other relevent orgs should threaten/offer incentives to the bookies.

wedgie and others, tonight I went to the Angle Pk dogs
to see for myself, I had not been to a monday/thursday meeting
for several months, tonights findings were interesting.

Congratulations to the 2 Bookmakers Peter Dammerell and Curly Seal.
I took notice of the % they bet after last thursdays exhibition where both
Bookies bet about 95 % between them.
Most races finished at 110/120% between them, an average close to 115%
That is very good bookmaking at acceptable %
Add the tote and most races you could get to about 105/110 % which is
absolutely brilliant for the punters.
Both Bookmakers should be commended for this initiative, they are trying
thier best to attract crowds and to maintain them.

The 2 bookies are without a shadow of doubt the leading bookies in Australia.
The interstate prices from the other states was absolutely disgracefull
here is a run down of the % bet.

ADELAIDE............ 115%
MELBOURNE......... 150%
SYDNEY................150%

We have all been Bookie bashing for a while but lets commend these 2
bookies for the great service we get on course.
Its now up to the clubs to attract the crowds back.

[Wedgie]

Good to hear mal, it could be the start of punters returning to the track if this continues.

[bayman]

this betting 95-115% is good but when they're betting this there is one BIG DIFFERENCE between the tote & bookies & that is winning !!, yes the tote wins on every race where as a bookie CAN lose on races, lets look at this, why is there 2 bookies at the trotts & dogs ? the answer is you cannot lay everything in a race you'll predominately lay the top 3 or 4 picks & thats why the % is up (usually) & why is there at least a dozen at the gallops ? less favourites win, more ruffies, & they lay more horses, i dont think its the crowd as i'm led to believe (heard on radio) that more go to the trotts than the races on ordinary days (not special race days) & basically bookies win at the races & lose at the dogs & trotts as the smarties like mal,mt & dutchy know as much if not more than the bookies operating its late will add more later

[Punk Rooster]

What is disgraceful, is eeing a local Gallops bookie known as "Bollywood" betting 230% in a race.
Criminal (allegedly).

[Coorong]

As a regular race goer over here ie most saturdays. Mostly a moderate punter say $20.00 per race unless I am confident. But still remember the day a south australian trotter called Fearless Quick carried $3,000 of mine at Kilmore, to lose to a champ called Good To Win by a short nose 25 years ago. Since that day rarely lay anything larger than $100.

I mostly bet with the tote, but watch the bookies odds too. Aways noted the percentage thing but never bothered to question it.

Can someone give me an abridged explanation on how the %age is calculated and just what it means?

[Punk Rooster]

4 horse race, all horses 2/1 (33%), the bookie is betting 4 x 33%= 133%. His take is 33% if 4 people (each btting $1000) each backed a different horse, the bookie would take $4000, yet pay out $3000.
Same race, he bets 3/1 (25%)- 4 x 25%= 100% (no profit) he takes $4000, yet pays out $4000.
"" he bets 4/1 (20%)- 4 x 20%= 80% (guaranteed loss) he takes $4000, yet pays out $5000
His ideal bet for the race would be to have each horse at 11/4 (26%)- 4 x 26% = 104% he takes $4000, yet pays out $3750, thereby keeping 4% for himself ($250) no matter who wins.

[mighty_tiger_79]

THE way i understand the % to work out is you work out how much money you need on each runner in the field to get a return of $100.

[mal]

THE way i understand the % to work out is you work out how much money you need on each runner in the field to get a return of $100.

Spot on MT79

The TAB bets about 115 %
Means you need to invest $115 to get $100 back if you back

for example in a 5 horse race

$2-00.........50%......you put on $50 to get your $100...
$4-00.........25%......................$25..................$100...
$10-00.......10%......................$10..................$100....
$20-oo.......05%.......................$5...................$100....
$4-00........25%........................$25.................$100.....

total..........115%....................$115................. $100

if you back the 5 horses you need to put on
$50,$25,$10,$5,$25 = $115 to get a return of $100

CLEAR ?