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Racehorse TALK » Racing Talk » Betting, Tips & Ratings » Topic: New Super Multi parlay bet option is not sensible
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Author Topic: New Super Multi parlay bet option is not sensible  (Read 2589 times)
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Peter Mair
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Original Post 2012-Jan-24, 07:27 PM



New Super Multi parlay bet option: How could this be a good idea for punters?

TAB Sportsbet will launch a new 10 leg multi-bet that allows punters to link bets from each of the three racing codes with any sport.

Ahead of this issue being buried in the bottomless Tabcorp pit, it would be interesting to have some quick reactions to the sense of punters accepting this invitation from Tabcorp -- on a 10 leg bet the cumulative tax takeout, at 15 to 20 per cent per leg, is hardly likely to offer value to the punter taking a winning bet across ten events.

Anyone wanting to bet on 10 individual outcomes would be better advised to place each bet separately with Betfair and parlay-up all or part of the winnings progressively, as might seem sensible.

One would like to see the Tabcorp paperwork that delivered this initiative -- it should be filed with the paperwork which delivered Spinner and, more recently, the BIG6 and DUET options.

Is this the best Tabcorp can do?

Taking advantage of TAB customers hardly reflects well on Tabcorp -- it should be arguing strongly for much lower tote takeouts generally and the abandonment of 'roundig down' dividends, among other things that would ensure punters get a fair go.
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2012-Jan-24, 08:10 PM


New Super Multi parlay bet option: How could this be a good idea for punters?

TAB Sportsbet will launch a new 10 leg multi-bet that allows punters to link bets from each of the three racing codes with any sport.

Ahead of this issue being buried in the bottomless Tabcorp pit, it would be interesting to have some quick reactions to the sense of punters accepting this invitation from Tabcorp -- on a 10 leg bet the cumulative tax takeout, at 15 to 20 per cent per leg, is hardly likely to offer value to the punter taking a winning bet across ten events.

Anyone wanting to bet on 10 individual outcomes would be better advised to place each bet separately with Betfair and parlay-up all or part of the winnings progressively, as might seem sensible.

One would like to see the Tabcorp paperwork that delivered this initiative -- it should be filed with the paperwork which delivered Spinner and, more recently, the BIG6 and DUET options.

Is this the best Tabcorp can do?

Taking advantage of TAB customers hardly reflects well on Tabcorp -- it should be arguing strongly for much lower tote takeouts generally and the abandonment of 'roundig down' dividends, among other things that would ensure punters get a fair go.



Peter this product tested extremely well. For anyone who likes a bet and understands it , the bet offers a nice combination of what they want, namely;

1. option to cross sport and racing
2. the parlay or system option that enables you to win even if all contingencies don't win
3. Flexi betting to make it affordable

Yes the more legs one has the higher the margin for the operator - but this doesn't matter whether you place the bet 10 at once or leg by leg - so that is irrelevant. Of course on betfair by the time you got to the 10th leg you might be trying to match a few hundred thousand on something, so good luck with that on many sports and racing.

I've got $10 straight out with you that this product is very popular and successful for Tabcorp.

RW
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Steward
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2012-Jan-24, 08:13 PM

I take it it is up to 10 legs not minimum of 10 ?

Is there a link to find it ?
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2012-Jan-24, 08:15 PM

Yes, up to 10.

There has been a media release I suspect but best I can find is;

http://www.heraldsun.com.au/sport/superracing/super-divvies-with-super-multi/story-fn67siys-1226250869884
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VoRogue
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2012-Jan-24, 08:18 PM

let's say someone has got their first 9 legs of whatever they took up, and the lot is going on a horse as their 10th leg, at what point does his money register in the win pool...how many minutes before the race, say there's a 2 hour gap between leg nine and leg 10, once leg nine wins, is it straight after correct weight ? I've never been sure of this process with all-ups either  Shrug
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Steward
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2012-Jan-24, 08:21 PM

Can you tell us how much it would cost ?

A much will 7-8-9 or 10 legs cost ?
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Steward
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2012-Jan-24, 08:22 PM

let's say someone has got their first 9 legs of whatever they took up, and the lot is going on a horse as their 10th leg, at what point does his money register in the win pool...how many minutes before the race, say there's a 2 hour gap between leg nine and leg 10, once leg nine wins, is it straight after correct weight ? I've never been sure of this process with all-ups either  Shrug


I am guessing it is fixed odds isn't it ?
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VoRogue
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2012-Jan-24, 08:24 PM

ok well the question still remains, with all-ups ?
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Runway
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2012-Jan-24, 08:25 PM

yes it is fixed odds.

I think, from memory, it is same rules as flexi - as long as you've got a min 1% you are ok, with I think a min bet of $5. philby will likely know what say a 10 leg system 10 for 5% would cost.  
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Gintara
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2012-Jan-24, 08:25 PM

Can you tell us how much it would cost ?

A much will 7-8-9 or 10 legs cost ?


It's flexi betting Matt so you can outlay what you like, you could have a straight 10 leg for whatever you like or you can 'parlay' your options which would see the cost rise.
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Steward
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2012-Jan-24, 08:27 PM

Yep, thanks Gin but how much would 100% of 7-8-9 or 10 legs cost ?
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Peter Mair
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2012-Jan-24, 08:56 PM



Where are the Tabcorp operatives: surely the minimum 'all up' bet one-by-one is either 50 cents on-line or $1 at an agency

.......however, if the invitation is for a parlay up to 10 legs,  the Tabcorp maths men might also say what a 10 by 9 by 8 ................to, by two would cost at $1 per unit.

My recollection is that a 4-race parlay costs $11 so a 10-race parlay would cost what ..?

Whatever it may cost it would not be a sensible bet  in preference to betting one-by-one in sequence with Betfair.

More generally,  it is usually not sensible to place any bet on a win or place outcome with any TAB in preference to betting with Betfair.

TABs are best placed to market 'exotic' bet options but there is nothing 'exotic' about parlays -- they only feed Tabcorp profits and should be ignored by punters, along with B6s and Duets and anyother nonsense that Tabcorp is planning.
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sobig
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2012-Jan-24, 08:58 PM

Yep, thanks Gin but how much would 100% of 7-8-9 or 10 legs cost ?




I think about 160 Matt
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Jim Pike
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2012-Jan-24, 09:07 PM

You know why they treat Punters like idiots and get away with it?? Because obviously the Majority are!! lol   lol
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Steward
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2012-Jan-24, 09:15 PM

Its not cheap Sobig.  Thumb Up  I think it might be a heck of alot more than that to take all the combos.
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