RACING VICTORIA LIMITED RACING VISION– new business model
RVL has overseen the 'reform' of a racing franchise that was once the best for a most-punter set 'doing the form', confident that race results would be reliably connected. Now, apparently, RVL has a business model that substitutes 'quick-gambling' for 'thoughtful wagering'.
Talk about re-formed. One key to the new business model is the payment of substantial prize-money, down to 10th place, to increase field sizes and betting turnover. In my book, inflated-field racing devalues the racing industry as predictably 'rough results' compromise the integrity of the business across the board. Punters cannot trust the form – nor can any one else.
That said, has RVL's business continued to prosper because, for time-pressed customers, betting akin to casual pastime-gambling is more attractive than time-intensive form-study?… parochial vision
There is something special about the parish of Victoria. Long denied poker machines, the parishioners have a strong cultural attachment to Victorian racing.
One interesting illustration is the determination to foster a state-based industry embodied in the VOBIS scheme. One can only wonder what is going on. Use these links to compare the lists of sires and service fees in Victoria and NSW: https://vobissires.com.au/2020-nominations-2/ https://www.racingnsw.com.au/wp-content/uploads/BOBS-SIRE-LIST-2024-4.pdf
In my experience, racedays limited to VOBIS horses are best avoided, the inflated prize-money is not indicative of quality racing.media confusion
Racenet yesterday had a confusing take on what's happening at RVL.
The story started with …...........…........... Racing NSW’s move to boost that state’s prizemoney from July 1 played no part in the organisation’s thinking.......... a consultation process lasting months before announcing the prizemoney upgrades........... when we think about prizemoney in Victoria, we think about what’s the most important for Victorian racing,..........don’t think necessarily that it’s a head-to-head competition between Victoria and New South Wales.
It’s what we think is best for Victorian racing and that’s why we’ve taken the approach of spreading the increases right across the whole ecosystem, …... it’s really important not to just feed to the top end of town …........the Melbourne Cup Carnival …..... also for the grassroots as well.That’s what really feeds the 25,000 that are reliant on the sport in Victoria and the nearly 100,000 that participate in the sport.”
The story finished with a different toneRacing Victoria has fired a broadside in the interstate horse racing wars, with a supercharged $30m Melbourne Cup Carnival including three “Champions” races on Stakes Day at Flemington with a combined $9 million in prizemoney.
Flemington’s new Champions branding will anger NSW authorities as they created Sydney’s The Championships autumn race series in 2014.
The bitterness of the interstate rivalry was clear on Monday night when, in a direct attack on Victoria, Racing NSW rushed out a shot gun press release declaring Sydney’s Golden Eagle, a 1500m race restricted to four-year-old horses, will carry a $10m purse this year – $2m more than the Melbourne Cup.
NSW racing has made increasingly desperate and expensive attempts to steal some of the gloss from Melbourne’s world-class calendar, highlighted by the Spring Racing Carnival.