Maximus Posted May 6, 2021 Share Posted May 6, 2021 Marsh Racinng recently organised a Betting/Racing Syndicate - as below - that sold out quickly. Nice concept. (Info here is 'cut and pasted' from them. $25 a week is all it will be and only 50 slots will be sold! Below is a quick outline. 35 Weeks @ $25 per week.The syndicate will kick off punting starting the week of 24th May.Automatic payments must be set up the week before we kick offIn Winter we will have 1 punter invest $500 a week and the other $750 will be banked!From October 11 once Spring Racing is upon us we will let 2 punters have a crack per week spending $300 each and the other $650 banked.Once the syndicate is finalised we will draw all names out of a hat as to which week you will be punting.At the end of the 35 weeks, if we dont have 1 collect there will be guaranteed kitty of $24000, if we haven’t even had 1 collect we should all give up the punt anyway We will use our kitty and go to the Sales in Karaka 2022 to buy a yearling and find our next star With 50 people / slots available each person will get a 2% share (ongoings after that will be billed directly to you)The highest money earner for the year gets official naming rights of the purchased horse. Quote Link to comment Share on other sites More sharing options...
pete Posted May 6, 2021 Share Posted May 6, 2021 38 minutes ago, Maximus said: Marsh Racinng recently organised a Betting/Racing Syndicate - as below - that sold out quickly. Nice concept. (Info here is 'cut and pasted' from them. $25 a week is all it will be and only 50 slots will be sold! Below is a quick outline. 35 Weeks @ $25 per week.The syndicate will kick off punting starting the week of 24th May.Automatic payments must be set up the week before we kick offIn Winter we will have 1 punter invest $500 a week and the other $750 will be banked!From October 11 once Spring Racing is upon us we will let 2 punters have a crack per week spending $300 each and the other $650 banked.Once the syndicate is finalised we will draw all names out of a hat as to which week you will be punting.At the end of the 35 weeks, if we dont have 1 collect there will be guaranteed kitty of $24000, if we haven’t even had 1 collect we should all give up the punt anyway We will use our kitty and go to the Sales in Karaka 2022 to buy a yearling and find our next star With 50 people / slots available each person will get a 2% share (ongoings after that will be billed directly to you)The highest money earner for the year gets official naming rights of the purchased horse. Great idea. Apparently sold out very quickly. Quote Link to comment Share on other sites More sharing options...
Maximus Posted May 6, 2021 Author Share Posted May 6, 2021 (edited) and why couldnt this concept be emulated here ...? Edited May 6, 2021 by Maximus Quote Link to comment Share on other sites More sharing options...
pete Posted May 6, 2021 Share Posted May 6, 2021 1 hour ago, Maximus said: and why couldnt this concept be emulated here ...? Because none of us are great tipsters and we would really struggle to get 50 participants. Quote Link to comment Share on other sites More sharing options...
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