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Author Topic: Luxbet...living up to it's reputation?  (Read 12054 times)
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Steve M
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Original Post 2009-Aug-21, 11:30 PM

Anyone able to remind me how Luxbet marketed itself upon it's launch? Where innovative/revolutionary part of the spiel or am I a bit off the mark?

Just clicked onto the Warwick Stakes market to have a look and no market available wtf wtf?? just the standard best tote available.

Where the hell is the innovation in that? Where are the superior products, the superior services - give us punters something. What a poor outfit - full of hollow promises - they have turned out to be.

Any chance a journalist might care to review them and their worth to the punter and industry?
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Gintara
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2009-Aug-21, 11:59 PM

and the punters pal Ol'Pete Mair though they were a saviour  lol

As pointed out at the time they were nothing more than run of the mill, didn't offer anything different and have faded into insignificance as predicted 

Did we truely expect anything else from the TAB though 
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Steve M
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2009-Aug-22, 12:18 AM

Good point Gintara - we shouldn't have expected anything else.

If only a journalist might care to evaluate  them against their original promises - that would be something for the punters.
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Bubbasmith
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2009-Aug-22, 09:49 AM

Most of the journos ( Nicholson, Thomas etc ) on the Eastern seaboard can hardly be critical of Luxbet, a Tabcorp controlled entity, as half of their newspaper stories are Tabcorp media releases.
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Gintara
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2009-Aug-22, 10:54 AM

I'd be interested in O'l Pete Mair's assessment seeing he had them as the saviour.

Pete? Any chance we can get your opinion?
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dubbledee
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2010-Feb-21, 03:10 PM

Full marks to Luxbet for providing a quality form guide FOC.
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PoisonPen7
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2010-Feb-21, 03:46 PM

I really like their "Best Of Best" (BOB) product.

You have to get your bet on earlier, but suits me as per my style of punting.
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dubbledee
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2010-Feb-21, 03:59 PM

What's the go with BOB, PP?
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PoisonPen7
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2010-Feb-21, 04:08 PM

What's the go with BOB, PP?


They give you best Tote or the official on-course top fluc DD.

Must bet 40 minutes before the first race, and only operates on Sydney and Melbourne at the moment.

And only for Win betting.

https://www.luxbet.com/index.php?content=betting_products

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Little Hawk
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2010-Feb-21, 04:50 PM

I really like their "Best Of Best" (BOB) product.

You have to get your bet on earlier, but suits me as per my style of punting.


Yep, to be fair to Luxbet that is an excellent product 
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triple7
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2010-Feb-21, 05:16 PM

Saw a banner add recently where Tom Waterhouse is now offering Top Fluc from opening prices up until the jump (as opposed to having to place your bet before the market opens). Not sure of any fine print.
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dubbledee
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2010-Feb-21, 05:26 PM

Thanks for that, PP. Thumb Up
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Arsenal
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2010-Feb-21, 06:10 PM

Yep, to be fair to Luxbet that is an excellent product 


Doesn't apply to Brisbane races Wot are they scared of stop
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Peter Mair
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2010-Feb-21, 07:03 PM



NOTHING SPECIAL ABOUT LUXBET -- MY ACCOUNT WILL BE CLOSED

It is timely to question my continued support for Luxbet -- my experience is that there is little in it for punters betting close to the jump, and my understanding is that Tabcorp is creaming off funds that would otherwise be used (albeit mainly misused) to fund unwanted racing.

I bet to win (on Luxbet) only when I believe it is a 'good bet': my experience is that the bets on offer at Luxbet are confusing as to the best bet.  My experience, yesterday, with 3 separate bets of equal value (on Danleigh), suggests little dividend difference in the options offered and little difference also in the dividend paid between the 3 options (averaging about $8.30) and as compared with the TAB dividends paid in NSW and Vic (+ 5%) and Unitab (nil).

An additional 5% from Luxbet is significant but the question is whether betting with Tom Waterhouse would be a better bet -- but he may not value taking my small bets unless his facility is a 'costless' addition to an automated website operation.

There is another factor in play here -- people concerned for 'fairness' in their dealings will often take a lower dividend (pay a higher price) if a supposed competitor is simply taking from one (the industry) to give to another -- the erstwhile TAB punter.

Luxbet has not met my expectations: I will talk to them about the best Luxbet option (perhaps betting early -- tipping them off?) and reconsider my relationship with them.

To this end I would appreciate advice, please,  based on the experience of punters placing small bets with other internet operators.

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Peter Mair
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2010-Feb-21, 07:11 PM



A CORRECTION

.................my third last paragraph should, of course, have said that if Luxbet still takes 'too much' for itself -- then punters may well decide to give all the 'too much' to the industry, via the TAB.

[And then hope like hell that the Productivity Commission and the Federal Court both deliver decisions later this week that will see the Australian racing industry put on a properly competitive commercial footing.]
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2010-Feb-21, 07:12 PM

Peter, I get the impression that you are a fan of the horse racing spectacular but not a fan of the industry that puts on the show.
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praiseworthy
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2010-Feb-21, 07:15 PM

night - I get the impression that you may be one of those very rare people that an organisation would be thrilled not to have as a customer (and not because you are a 'winner')
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Gintara
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2010-Feb-21, 07:44 PM

They give you best Tote or the official on-course top fluc DD.

Must bet 40 minutes before the first race, and only operates on Sydney and Melbourne at the moment.

And only for Win betting.

https://www.luxbet.com/index.php?content=betting_products




Sounds a great product but it does give me a chuckle, all this bleating about offering TAB odds from corporates etc and here is the TABs very own mob doing just that 

Hypocrites  bye
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Beachy
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2010-Feb-21, 10:40 PM

Yep, to be fair to Luxbet that is an excellent product 


To be fair it was Centrebet that introduced it first I believe ...
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praiseworthy
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2010-Feb-22, 11:51 AM

To be fair it was Centrebet that introduced it first I believe ...


to be honest I think it was a dead heat - both had the same concept and same name and launched it almost simeltaneously
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Peter Mair
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2010-Feb-22, 01:48 PM



LUXBET: CONFIDENCE RESTORED

Having had the benefit of talking to Luxbet today there are a couple of things to be said in its defence.

First, the sensible strategy, for those who have made their judgments, is to bet on the day well before the first race in the major capitals, taking Luxbet's 'best of the best' option. This locks in the best fluctuation -- with official bookmakers prices and 3 TABs -- in the 30 minutes or so window after betting opens up to the jump.

Betting close to the jump gets at least a 5% bonus on the home-TAB dividend.

Luxbet pays the same industry levies as other corporates -- the questionable racefields levy/or 10% of gross profits -- and has voluntarily offered to pay back to racing a further 25% of its ultimate net profits.

To its credit, Luxbet sees its corporate bookmaking as defensive -- and considers its best of the best product the best on offer in the market.

I will now see how I manage to use the BOB option.
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BillandTony
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2010-Feb-22, 02:08 PM

Don't use them much for racing but they are very competitive on sports. Compare to Betfair a lot of the time on a few sports I bet on.
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Beachy
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2010-Feb-22, 02:32 PM

to be honest I think it was a dead heat - both had the same concept and same name and launched it almost simeltaneously


I was betting BOB at Centrebet about a month before Luxbet launched it from memory
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governor
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2011-Feb-24, 05:39 PM

no bobs for tomorrows metro races let alone early markets?
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Gintara
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2011-Feb-24, 07:48 PM



I will now see how I manage to use the BOB option.


What's there to manage Ol'Pete  what

You get on early and get the best divvi ..... it ain't rocket science 
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Peter Mair
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2011-Feb-24, 09:19 PM





Betfair is the only way to go


...........for win and place betting, I am now convinced that Betfair is the only viable alternative to the TABs: minimiun bet on the net is $5.

The Betfair site works like a charm.
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Gintara
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2011-Feb-24, 09:38 PM

Your preaching to the converted Ol'Pete 
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Walter Watermelon
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2011-Feb-24, 10:09 PM




Betfair is the only way to go


...........for win and place betting, I am now convinced that Betfair is the only viable alternative to the TABs: minimiun bet on the net is $5.

The Betfair site works like a charm.



Minimum bet is a cent. You have a bit to learn, Pete
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PoisonPen7
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2011-Feb-25, 07:54 AM

Just make sure you are aware of the withdrawl rules if you open a Betfair account. Because I made a deposit via a Neteller account that is no longer usable, my Betfair account is effectively frozen and I cannot withdraw funds.

Betfair has good prices if you are willing to sweat on it toward the end of a race. Luxbet's Best Of Best option is great for those who like to bet early. Different types of betting options suit different types of punters.
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PoisonPen7
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2011-Feb-27, 09:34 PM

Backed Lamasery on Luxbet Best Of Best yesterday before going out for the day. Saw it's div on the NSW TAB as $3.10, $3.00 on Unitab and $3.25 SP ... just logged in to see that BOB was $4.60  Thumb Up   Thumb Up  
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