Horses and Fools

[Coorong]

After a discussion with Drebin last night, I got to think'n just who profits from Race Horses.

Owners: Nah only people like Tony Santic, the Inghams and the Brown Brothers, but all made their money elsewhere and enjoyed it this way.

Punters: Nah, you see a few running around over here "dripping" gold around the neck and fingers but I have witnessed some big plunges fail. Then seen the same gold laced bignoters leave in beat up old commodores.

I reakon; The Bookies and The Trainers. Look at the lifestyle, the cars etc.Yeah they are the ones that have all the dosh. Where do I apply for a bookmakers license.

[Booney]

No need to think about it Coorong,gambling is only an industry because the punter never wins.

Why else would a multi-millionaire buy a casino? They make money,thats why.

I recall seeing a story about a fellow in Vegas who's job it was to lure the likes of the late K.Packer into the casino.
He said he had seen KP lose $12M in a sitting,and on one occasion win,WIN $15M,playing 4 black jack hands at a time,$250K per hand.The bloke said,of all the punters out there,KP was the best,he went in understanding his chances of winning were small,but,I guess thats why he won alot,he was willing to take a risk.

Not often you see a bloke in the TAB drapped in gold driving a Porsche,most of them stink and drive old Commodores. LOL

[blink]

Not often you see a bloke in the TAB drapped in gold driving a Porsche,most of them stink and drive old Commodores. LOL

....and drink metho.

I also heard a story that Tony Santic put $100,000 on the nose of Makybe Diva the first year it won the cup at something like 12/1 (I think, someone correct me if this is wrong or all a load of sh*t!).

Blokes that can afford to lose are usually the ones who also win big.

[Coorong]

He would have to haveto have had it on the TAB. Try a bet of $500 at a 3/1 or more shot here with a bookie and watch him RUN to the TAB girl to offload it. Full off shit this lot.

And to be honest I am STRONGLY of the opinion a bookie should hold the bet and not offload it, except to another bookie. Stuffs up the odds on the tab with some sizable, last second offloads.

[Punk Rooster]

He would have to haveto have had it on the TAB. Try a bet of $500 at a 3/1 or more shot here with a bookie and watch him RUN to the TAB girl to offload it. Full off shit this lot.

And to be honest I am STRONGLY of the opinion a bookie should hold the bet and not offload it, except to another bookie. Stuffs up the odds on the tab with some sizable, last second offloads.

Have you read "The Gambling Man", by Kevin Perkins? It's sub-judice, I believe, or Bill Waterhouse didn't like what was written, as it's not available. I have a copy on loan at the moment (I lent my own out & never got it back ). It's a great read tho.
Bookies will be like the Dodo soon... You can't make a proper book these days anyway, they're gambling as much as the punters. Also, when plunges come off, you can't cover/recover it anytime soon, basically, the mug money ends up on the TAB, the Professional money gets set with the books at fixed odds.

[Sheik Yerbouti]

Try a bet of $500 at a 3/1 or more shot here with a bookie and watch him RUN to the TAB girl to offload it. Full off shit this lot.

Oh please, at the red hots maybe, but are you serious about that with the likes of Webster, Seal, & Easom still holding court ?
(forget the Seal pots, that issue is far from done & dusted) As much as it pains me Punks around the money on his above posting.
Laying off of big (not your $500 goes) bets, usually on roughies btw, has been around since Jesus drew breath, the art of bookmaking is writing a book to have every runner posting you a profit, around 110%.Of course you'd lay off a wager for a substantial amount at odds if laid & you can bet it back at sometimes better odds. This was possible in the days before Sky, open TABs in pubs, internet betting ect. & you had a large open betting crowd, & an equally large betting RINGS.
Coorong, put yourself in a bookies shoes for a bit.
So your licence fee is all paid up (plenty) & you've submitted your ''bond (around 200k) & bought your gear. Beauty, let's catch the bounty from this magic money tree.
Well, first up forget a regular job, this wont be possible as to run a book these days is a proffesional gig. You've got to Database & rate the horses yourself, attend trackwork & trials, to lazy to do that? well you'll be paying someone to do it. Pay off slings to get a bit of inside info, & keep your bookwork up to date.
So you've got all this up to date ?, lets bookmake!
Hang on, when you first started (you'll need at least 10 years experience on the bag, or standing in) the crowd was bigger than this, with around 70% ''mug money'' flowing, not so today, the profs are controlling around that, the days of Robbie Robertson & The Manuels being the only punters with the good stable oil have been well & truely passed.
At the end of the day you've survived with a small profit, good on you ( most probably laid off that plunge from that country Victorian stable from 20's to 8's). Just have to pay the turnover tax now, what you say, turnover tax? that's right, you pay tax on your turnover, not your profit, so take that with wages ect, how much do you reckon you need to clear before your in the black?

I'm not saying that the fielders don't make money, but she's not all beer & skittles as you've alluded to, & the comment
Try a bet of $500 at a 3/1 or more shot here with a bookie and watch him RUN to the TAB girl to offload it. Full off shit this lot.
is at best, posted without thought, & at worst, a bitter pot after losing plenty on the punt.