Jump to content
The Race Place

NZ TAB Winsurance - how stupid?


mardigras
 Share

Recommended Posts

So the TAB offers insurance on win bets for your horse placing etc.

So take for example Sanibel in R6 today. Odds are listed as 31s and 6s

If you take insurance to run top 3, you get odds of 23s. If you take insurance to run top 2, you get odds of 26s.

Yet you can take a bet on that horse at those available fixed odds that if it won, you could get effective odds of 26.5 and if it placed top 3, you'd actually make money, not just get your money back. 

That's more than what they are offering on your horse to win (or run 2nd for money back), and about 15% higher than their offer for running top 3. And that's not betting elsewhere, that's betting direct with NZ TAB at their own standard fixed odds.

Insane.

  • Like 1
Link to comment
Share on other sites

1 hour ago, mardigras said:

So the TAB offers insurance on win bets for your horse placing etc.

So take for example Sanibel in R6 today. Odds are listed as 31s and 6s

If you take insurance to run top 3, you get odds of 23s. If you take insurance to run top 2, you get odds of 26s.

Yet you can take a bet on that horse at those available fixed odds that if it won, you could get effective odds of 26.5 and if it placed top 3, you'd actually make money, not just get your money back. 

That's more than what they are offering on your horse to win (or run 2nd for money back), and about 15% higher than their offer for running top 3. And that's not betting elsewhere, that's betting direct with NZ TAB at their own standard fixed odds.

Insane.

This just shows Mardy that these people at the NZ TAB have no fu*king idea what they are doing. You have just explained in simple terms in less than a minute why this is crazy but no one sitting around the table when this was mooted had the brains and the common sense that this was a dog.

  • Like 1
Link to comment
Share on other sites

On 2/12/2021 at 1:32 PM, PWJ said:

This just shows Mardy that these people at the NZ TAB have no fu*king idea what they are doing. You have just explained in simple terms in less than a minute why this is crazy but no one sitting around the table when this was mooted had the brains and the common sense that this was a dog.

They must think we are all completely thick! Calling it a dog is generous imo.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...