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Racehorse TALK » Racing Talk » Topic: Tabcorp
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Author Topic: Tabcorp  (Read 64162 times)
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Bubbasmith
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Original Post 2010-Oct-15, 09:11 PM

I have posted this discussion on the Racing Talk Australia banner although it relates to Tabcorp's declaration on Supertab on race one this evening on Singapore race one won by Rocket Man as I believe the thread would get lost posting under International Racing banner.

Supertab co-mingles its pools with the Singapore tote, however on its website Tabcorp has the following rider...
Key points where the Singapore betting rules differ from the SuperTAB betting rules are as follows:

    * Dividends are rounded down to the nearest 20c.
    * For the Win pool:
          o Minimum dividend is $1.20
          o Minimum starters is 4 

Prior to the running of the race the Supertab not only displayed the approximate win dividend of $1.20 for Rocket Man but showed the pool was co-mingled.Rocket Man paid $1.20 on the Singapore, the guaranteed win dividend, however Supertab declared a win dividend of $1.04. I rang customer service to seek an explanation why the dividend on Supertab was not declared as $1.20 but was told that the Singapore tote, for "technical reasons", had withdrawn the Supertab investments from their co-mingled pool.I was then told all other up-coming races will be co-mingled.

Praiseworthy, I would be pleased to know why Singapore would want to exclude Supertab investments on this particular race where Tabcorp are winners at the expense of punters who backed the winner ?
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calgary
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2010-Oct-15, 10:27 PM

The response here will be interesting 
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jfc
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2010-Oct-16, 04:48 AM

Look at the free money opportunities available at UNiTAB

1.20 Guaranteed minimum from Victorian TAB
67   UNiTAB Fixed prices
126
51

Market = unbelievable 87.5%


http://unitab.com/racing/2010-10-15/race-SS1.html

Anyone clever to have exploited that would be brought down to earth by the curious amendment down to $1.04.

Considering UNiTAB introduced post result dividend changes, maybe Singapore is just following suit?

With the minor difference that Singapore adjusts downward.
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praiseworthy
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2010-Oct-16, 06:36 AM

yes I did note that last night Bubba - I will have an answer hopefully today or worst case Monday.
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Bubbasmith
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2010-Oct-16, 07:33 AM

Jfc

Singapore tote did not adjust down but paid the guaranteed $1.20. Tabcorp, alone, reduced the dividend to $1.04, when for "technical reasons ", shy Singapore excluded Supertab investments from their pool.
« Last Edit: 2010-Oct-16, 08:11 AM by Bubbasmith » Logged
praiseworthy
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2010-Oct-16, 11:59 AM

The response here will be interesting 


well calgary, bubba - here it is;

At 21:19 47 the link dropped between Singapore and Tabcorp
At 21:20:13 the link was re-established
At 21:20:43 Race 1 jumped (close sell message from Singapore not received by Raceday so manually closed)

Although the link had been re-established, Tabcorp's final collations were not received by Singapore and they decided to remove us from the pool.

As a consequence, local minimum dividend rules were automatically applied and $1.04 was paid for the win. ($1.20 was paid in Singapore) .

Most importantly, this morning the adjustments were made of 16 cents in the dollar to winning investors - so if you backed it you will now have the correct dividend.

pw
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calgary
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2010-Oct-16, 12:07 PM


Most importantly, this morning the adjustments were made of 16 cents in the dollar to winning investors - so if you backed it you will now have the correct dividend.




Good move  Thumb Up
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Peter Mair
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2010-Oct-16, 06:39 PM



ON THE 10 SING RACES THE NSW TAB PAID DIVIDENDS ONE-THIRD MORE THAN VIC TAB

Tabcorp punters betting on Singapore races should have an account with the NSW TAB.

The co-mingling of the VIC TAB pool with Singapore means VicTAB punters face a substantiolly higher take-out from the pool.

Last night, the 10 sing winners paid a total of $70 on VIC TAB but $90 on the NSW TAB -- which takes only 15% and not 20%  from the pool.

This is another example of Tabcorp not protecting its customers in Victoria -- for decades VIC TAB punters have got a raw deal from a Tabcorp that does not protect its customers.
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Bubbasmith
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2010-Oct-16, 07:10 PM

PW

What happens to a punter who bet in cash at a TAB ( eg. Crown Casino Supertab ), got paid $1.04 and went home ?
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Peter Mair
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2010-Oct-16, 08:34 PM




THE HYPOTHETICAL PUNTER AT CROWN CASINO ONLY GOT 'ROBBED' OF 15% -- THE TOTAL 'ROB' ON THE NIGHT WAS 30%+
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2010-Oct-16, 10:22 PM

PW

What happens to a punter who bet in cash at a TAB ( eg. Crown Casino Supertab ), got paid $1.04 and went home ?


Surely they only placed that bet so they could show their grand children they backed Rocket Man ?
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praiseworthy
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2010-Oct-16, 10:33 PM

bubba - in answer to your very reasonable question. Fortunately the bulk of the money was on account - clearly it is harder to ensure all cash punters get the adjustment - and perhaps the example of someone who has had a big night at the casino, collected and gone home is the worst case scenario. I think there was something like 40 tickets from the retail network impacted.

Do bear in mind that whilst not ideal, the 'process' that happened lst night was correct in terms of once singapore excluded tab vic from the pool then local rules applied - of course the 'right'  thing to do was to pay the $1.20.

Now onto Peters comments. Yes the takeout is higher - because local rules apply when you pool. I am bemused by Peters comments as the fact that australia is the 2nd lowest parimutuel take out in the world is usually disregarded by folks like him.

The liquidity due to pooling with singapore is 50 to 60 times greater but the takeout is slightly higher. So for a $5 punter pete may be right, but for a serious punter I suspect you'd take certainty offered through the liquidity.
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2010-Oct-16, 10:38 PM

Fixed odds is closed for internet users for the UK tonight, is it still available on TAB-ACTIVE ?
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praiseworthy
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2010-Oct-16, 10:42 PM

you talking nsw tab? if so no matter what device you won't get fixed odds

vic is open form what I can see
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2010-Oct-16, 10:47 PM

  Thumb Up
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