curious

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R3 #2 Hasstobeyou 100 win @$6

I passed after ticking quite a few buckets!

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#7 Barrel @ 4.20 100 win

41 minutes ago, curious said:

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Tauherenikau	3	7	Lady Rosabella 100 win

Forgot to add @31

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I think one of the main reasons was that they thought they were losing punter spend to off shore FO bookmakers and that would accelerate if they did not offer a competing product.

20 minutes ago, mardigras said:

c) incurs costs that tote does not incur (managing markets/setting prices/managing accounts)

 

Are they still paying Betfair/Paddy Power $40m a year for that, or are Entain/Ladbrokes now providing that?

3 hours ago, Hesi said:

As I said we are not privy to the figures, which is a shame for those interested.  I can recall that the Racing Board allowed costs to balloon to 220 mil with a revenue of about 350 mil

These costs were brought down by RITA to low 200 mil.

So it would be interesting to see what the breakdown is now with Entain's expertise and economies of scale.

The last annual report on the TAB NZ website is 2020

No it's 2022. https://www.tabnz.org/reports

13 hours ago, Hesi said:

We are not privy to all the data, but it would be interesting to look back at Racing Board annual reports to compare what costs were, before and after FO betting was introduced.  I can't remember what year it happened

1995

I did eventually get the yields for 4 years about that time and from memory the gross FOB return ranged from 2+% - 12% p.a. Never did look at the cost increases though.

What's happening on the geoblocking anyway?

11 minutes ago, mardigras said:

if NZ geoblock - they may as well revert to a HK model and go tote only. Gives them better returns and zero risk. No brainer - however, I bet you $5 they won't do it.

Lot lower costs too. Might be the go.

36 minutes ago, mardigras said:

Who can point me to turnover info provided - either NZTR or TAB - such as YoY comparisons/venue comparisons. 

Yes please. I'm looking for that too, especially venue/meeting comparisons.

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Wingatui R5 #1 Hakadecree @$5   $100 win

Friction or a lack of it is maybe the result but it is the surface tension (of the track) that is restricting the water permeating causing the lack of friction between that water layer and the surface below.

3 minutes ago, Hesi said:

Yep I can understand that, but it is not what you could call surface tension

Well, I might be wrong. I think you are taking it as meaning a quality of the water but I think Strathayr are using it to mean a quality of the track surface.

23 minutes ago, Hesi said:

I still don't understand this surface tension thing.  Surface tension is a caused by very weak forces, miniscule compared to the force that a galloping 600kg horse could exert????

I don't think that's the point. Not that you'd find many 600kg horses going round. As I understand it, the higher surface tension pre`vents the water from light rain, such as Ellerslie expēriēnced, penetrating that surface so you have much wetter soil and/or surface water in the top few mms causing a slippery surface.

10 minutes ago, pete said:

I was going to say the same about 'surface tension'. Also no mention  of stuffing up track preparation which was admitted by Wilcox on Weigh In.

A thick layer of roots just below the surface would certainly increase surface tension by preventing water infiltrating, but how could they not know it was there?

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Te Rapa    2    12    First Innings $100 win @ $12

4 minutes ago, Hesi said:

You considered Legarto a past the post proposition to the extent you paid out before the race.  If we take a multi, Legarto to win/Orchestral to win, will you apply the same logic, so that we already have the first leg of our multi in, at whatever the price was.

You could ask the question for sure but I'm pretty sure the answer would be no. They are not in the business of giving even losing punters, large amounts of money in advance and they'd have to make such a deal available to all then wouldn't they?

1 hour ago, mardigras said:

yes, only for futures market. I expect they had very little activity on the futures market - not sure what odds were offered on the horse in the futures market, but if they were low like the raceday market, not likely costing them long term.

Probably, as you suggest, where they are not unduly exposed anyway and they rate the chance of the horse winning close to 100%. So, the promotional value exceeds the risk and it encourages earlier turnover of that money.

19 minutes ago, pete said:

Maybe I should have called myself The Artist Formerly Known As Pete.

Haha

34 minutes ago, Hesi said:

And I note this patronising comment from Ellis.  Well walk the walk Mr Ellis and support NZ racing.

Isn't he doing that in spades already?