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Thread: BETFAIR coverage starts tomorrow

  1. #11
    Senior Member 4YO Don Corleone has a spectacular aura about Don Corleone's Avatar
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    Ray Fidow
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    Quote Originally Posted by mickeyh View Post
    Completely different models. How can you compare a corporate bookmaker or betting exchange to a tote? A tote relies on takeout percentages to make their money so charging them on turnover is completely different to charging an exchange or corporate bookie. Btw, I'm no fan of corporate bookies so am not sticking up for them - just looking at this objectively. A corporate could turn over for example $1M on a Saturday but actually make a loss. You and NSW say that they should be taxed on the $1M. Certainly not a level playing field given that the tote can not lose. Can't think of anywhere else in life that you can be taxed for making a loss.
    Hey mickey, I can think of something else in life where you still get taxed for losing..........Harness Racing. I haven't trained a winner this season and I am still getting taxed. Also...........Death. NZ's Death duty just rose by 15%.............

  2. #12
    Super Moderator Stallion mango will become famous soon enough mango's Avatar
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    Hi Mickeyh
    Go to harnesslinks main page there have been some comments on the Betfair issue, it talks about what the tab pays and what betfair want to pay. Gives a good insight to the difference between the tab and betfair.

  3. #13
    Junior Member Weanling mickeyh will become famous soon enough
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    LOL. Fair point mate!

  4. #14
    buster
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    every is forgetting, the tab is bad for punters, betfair is good for punters.

    since betfair came to nsw, the tab has introduced the number 1 club rewards, increased race sponsorship, bought the rights to menangle race course and melton as well, had promo days were the take out rate is lower, started offering fixed odds on all gallops and alot more on harness and dogs

  5. #15
    Super Moderator Stallion mango will become famous soon enough mango's Avatar
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    Hi Buster
    Yeah betfair might be good for the punter, but how does that help the people who breed and race the horses it doesn't as they don't pay the same as the tab has to if they did there would be no problem. Go to Harnesslinks home page and read the posts there about betfair and see the difference that they both pay.

  6. #16
    Member Yearling Shakamaker will become famous soon enough
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    And so how will this be good for NZ Harness Racing when Betfair refuse to make any payments to it?

    Why should the TAB be required udner legislation to pay $130Million back to the Racing Industry while Betfair can come along and start accepting bets and it pays nothing? Fair? - Hardly!

    If Betfair are allowed to continue with their stance of not paying any commission or profit back to NZ Harness Racing, there will be a lot less harness racing in 5 years time for the Punters to bet on.

  7. #17
    buster
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    because the tab was handed a monopoly on an industry?

    punters dont care if there isnt any racing tomorrow because they can go and play poker, pokies anything at the casino

    without punters the breeders and owners would be racing for ribbons

    the person bagging betfair on the homepage clearly has no idea how betfair actually operates as a low margin exchange and wouldnt know how to put a bet on - i rekon he could be the ceo of rnsw or hrnz

    if you want to bag betfair first go and open an account with them and have a bet on there for a month and then come on here and tell me it isnt the future of racing, dont sook on here repeating the words of the tab ceo

  8. #18
    Super Moderator Stallion mango will become famous soon enough mango's Avatar
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    Hi Buster
    As an owner breeder which i am i don't see why betfair shouldn't have to match the same as the tab, yes the tab has had the monopoly for years but they have also paid a fair price to racing which goes to raising prize money. Question Buster what has betfair done for the racing industry. And why would i want to go bet with betfair when i know nothing is being put back into the industry.

  9. #19
    buster
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    betfair currently pay a fee imposed by rnsw in aussie after originally not paying anything
    give them time and id imagine nz will come up with the same legislation

    it just really annoys me as a punter that the industry wants know nothing about betfair and blame it for dropping turnover and less prizemoney etc etc which are problems that were here long before betfair arrived

    without betfair my turnover would lucky to be 1% of what it is now, betfair has created competition to force the tab to work harder and benefit the punter

  10. #20
    Super Moderator Stallion mango will become famous soon enough mango's Avatar
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    Hi Buster
    I agree that it is good for the punter and is good for competition, but prize money will fall as the tab will not be holding as much which means they still pay the same percentage of a lesser amount which in turn means less to the racing industry.

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