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Corporate bookies - Racing Talk - Racehorse TALK

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Offline Bubbasmith

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O.P. « 2012-Mar-12, 05:29 PM »
Can anyone tell me what corporate bookie does not lay off a punter's exotic tote bets on the nominated TAB ?  To test out this theory that they lay off, a mate of mine put four $3 exactas on a NZ dog race with Luxbet when the race was 2 hours away and the pool was $23. He noted the approximate dividends before placing his bets  and when the TAB pool updated the pool only increased by his $12 to $35 and sure enough all four combinations he had placed a bet shortened .
If corporates lay off all exotic tote bets why would a punter elect to bet with them?
Can anyone confirm whether profits from Luxbet's operation are included in Tabcorp's distribution to the Racing Industry ( 1/3 each to Tabcorp, government and racing indusrty ) or whether the profits go straight to shareholders , where the Racing Industry,as a shareholder, would receive a  smaller distribution ?
« Last Edit: 2012-Mar-12, 06:06 PM by Bubbasmith »

Offline Bubbasmith

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« 2012-Mar-12, 06:59 PM Reply #1 »
Another mate of mine placed a fixed price bet with another corporate bookie on a horse at $9.00. My mate knew the odds were a mistake, and should have been $ 2.00. The horse won but soon after he was banned from placing fixed priced bets with them.The moral of the story ,if you take advantage of them you will be banned, however you take $2.00 about a $9.00 chance they will welcome you with open arms.  :biggrin:

Offline chuggers

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« 2012-Mar-12, 07:07 PM Reply #2 »
Bubba,

It is a given---if you win too much on any corporate bookie it is bye bye---they are a business---if you are a liability---gonski...

To anyone---just stick with the TAB's---this will never happen--as they want your turnover--really it is a no brainer...

 :beer:

Offline Bubbasmith

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« 2012-Mar-12, 07:12 PM Reply #3 »
My mate had $100 on the horse at $9.00 and was banned. He snipped them alright, and they than assumed he was a smartie ,and of course got banned.

Offline chuggers

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« 2012-Mar-12, 07:18 PM Reply #4 »
My mate had $100 on the horse at $9.00 and was banned. He snipped them alright, and they than assumed he was a smartie ,and of course got banned.

Yep--thats what happens---Luxbet banned me cause I took there promotional offer of a bonus $300---won $900 on it --and said gone....happy to take the balance and piss off...

Really, in the long term---they would have got it back....

 :beer:


Offline Bubbasmith

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« 2012-Mar-12, 07:36 PM Reply #5 »
I know this is not the same as betting on horses, where a skill level is involved, but I read sometime ago that Perc Galea, who ran an illegal casino in Sydney in the 1960's ,banned a bloke who won a fair bit of money off him at roulette.

When a person wins at any casino any large amount of money the casino will do anything to keep that person in the casino, fully knowing if he walks, he will lose back his winnings at another casino. 

Perc Galea obviously had no idea, but in today's betting enviroment corporate bookies believe all short term winners are smarties, whereas they may have just have had a bit of luck ,which over time might desert them, and they become long-term losers, however they ban them, and will never know.

Offline dubbledee

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« 2012-Mar-12, 07:39 PM Reply #6 »
We had someone on here who was a champion roulette player.  (Even though everyone else who plays for any length of time must lose.)

Could be the same guy.  :chin:

Offline Shake A Little

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« 2012-Mar-12, 07:52 PM Reply #7 »
Bubba, on the Thursday before Doncaster Handicap day last year I noticed one site opened Hood at $30, he was $10-$11 everywhere else. As any reasonably intelligent punter would, I smashed the price purely for the overs they let me on. The rain came in the next few days, the track was eventually downgraded to a heavy 8 and Hood started the $5 favourite and bolted in. I took some deductions due to scratchings but was still left with an incredible over.

I got a call on the monday informing me that a restriction had been placed on my account and I could only place bets in the 20 minutes leading up to any race. Gutless.

The following Saturday I called up about 10 mins before a race and asked for a bet each way on a runner I cant recall.  They said they would only let me on for x amount, which was about 15% of the wager I wanted to have. That was it for me, I closed the account a couple of days later.

I have no sympathy what-so-ever for the corporates, they are a bunch of filthy angle-shooters.

Offline dubbledee

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« 2012-Mar-12, 07:55 PM Reply #8 »
Gawd.  I hope I never start winning.  I don't wanna have to give up the punt. :sad:

Offline chuggers

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« 2012-Mar-12, 08:20 PM Reply #9 »
So forumites--live & learn--TABS is the ONLY place to place your bets....this is not a add for the TAB---it is fact---

I would love Antitabs response....to these postings....

 :beer:

Offline dubbledee

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« 2012-Mar-12, 08:30 PM Reply #10 »
For my small operation, Tattsbet fixed get my business for about half my bets.  The rest would be spread between NSW TAB and corporates.

Offline della

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« 2012-Mar-13, 02:30 AM Reply #11 »
So forumites--live & learn--TABS is the ONLY place to place your bets....this is not a add for the TAB---it is fact---

I would love Antitabs response....to these postings....

 :beer:

You never heard of betfair?

Offline Antitab#

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« 2012-Mar-13, 06:06 AM Reply #12 »
The reason corporates put the exotics back is they/we  are all  receiving rebates from a certain TAB. Therefore every exotic bet is a guaranteed profit.

I can understand the frustration of punters who are barred as it has happened to me. From a business point of view it is a no brainer for the corporates. 10 punters who win $500 a week, which isnt very much, is a 1/4 of a million dollars a year in profit leaving a business. Banning winners is the easy option.

If I was running racing I would make a rule that all corporate bookmakers who wish to bet on Australian racing have to field at at least 2 metropoliton race tracks every Wednesday and Saturday somewhere in Australia. At least then all punters can get on to win a few thousand. It might even bring a few punters back to the races.


Online jfc

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« 2012-Mar-13, 08:44 AM Reply #13 »
Can anyone confirm whether profits from Luxbet's operation are included in Tabcorp's distribution to the Racing Industry ( 1/3 each to Tabcorp, government and racing indusrty ) or whether the profits go straight to shareholders , where the Racing Industry,as a shareholder, would receive a  smaller distribution ?



Luxbet should be no different to any other Corporate.

Therefore distributions should the typical ones for Corporates. Far smaller than from the 2 Tabcorp TAB licences.

Online Gintara

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« 2012-Mar-13, 01:06 PM Reply #14 »


If I was running racing I would make a rule that all corporate bookmakers who wish to bet on Australian racing have to field at at least 2 metropoliton race tracks every Wednesday and Saturday somewhere in Australia. At least then all punters can get on to win a few thousand. It might even bring a few punters back to the races.



Great suggestion Anti   emthup  I would have thought most corp's would jump at the idea?

Offline dubbledee

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« 2012-Mar-13, 05:19 PM Reply #15 »
Great suggestion - if only the racing industry issued wagering licences.  :bulb:

The fact is they're issed by GOVERNMENTS.

Why should a money-hungry govt in NT or Tas give a hoot that they're earning more from racing in other States than they are from racing in their own.

Offline chuggers

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« 2012-Mar-13, 06:36 PM Reply #16 »
You never heard of betfair?

Yes--Della,

Remiss of me---I use Betfair MOST of the time---so can I say BETFAIR and TABS are the only place to bet for the big punters---but Betfair commissions come into play for the largest winners.
Betfair even allow you to be on tote....

 :beer:

Online Gintara

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« 2012-Mar-13, 08:20 PM Reply #17 »
Great suggestion - if only the racing industry issued wagering licences.  :bulb:

The fact is they're issed by GOVERNMENTS.

Why should a money-hungry govt in NT or Tas give a hoot that they're earning more from racing in other States than they are from racing in their own.


Can't see where anyone suggested they be given a free ride  :rolleyes:

Offline whispering

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« 2012-Apr-05, 11:36 AM Reply #18 »
Am going to the golden slipper on saturday, and want to take advantage of the bonuses offered by the corporate bookies, do not have an account with any

What are the best ones going around that anyone knows of? Last week was a free $100 bet on the Guineas with betfair, unfortunately didnt take advantage of it. So if anyone knows of any good bonuses on the weekend let them be known!


Offline calgary

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« 2012-Apr-05, 11:38 AM Reply #19 »
Luxbet will give you a free bet equal to your stake on any Group 1 winner you back.

The promo is up to $100 and only on the first bet you place in each Group 1.

Offline dubbledee

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« 2012-Apr-05, 01:06 PM Reply #20 »
You'll see a great meeting, whispering.   emthup

Did you end up joining ATC?

Offline Skybeau

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« 2012-Apr-05, 06:09 PM Reply #21 »
Luxbet will give you a free bet equal to your stake on any Group 1 winner you back.

The promo is up to $100 and only on the first bet you place in each Group 1.

Luxbet also giving a fee bet win the Sebring code

Offline triple7

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« 2012-Oct-20, 06:30 PM Reply #22 »
Congratulations to BETSTAR on embarrassing yourselves yet again today.

My mail is they had a set limit in place today to lose a maximum of $1,000 for any bet, to anyone.

The same mob promote themselves all over SEN and RSN, obviously looking for the mug punter, yet shite themselves when someone wants to actually have a bet.

They talked up one of those smoke and mirror bets last Saturday, a supposed $94k on Snitzerland at $1.90 in the 20 minutes prior to the race. Utter garbage, they shake at the knees when someone has $940 on an even money pop, or cut the bet in half.

Online jfc

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Offline D-G

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« 2012-Oct-20, 07:21 PM Reply #24 »
Corporate bookies are all  :censored:  being led down the golden road by their clueless Governments!

If anyone at all in a position of power in racing had any idea, they would be lobbying hard for common sense to prevail.


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