Tote building a card house which will tumble?

Given that there are many issues around the base product, the tote win pool payouts, with regard to changes to the dividends, after the jump, during the race and even past the winning post, it must be risky to add more products on top of the disputed base.

The new product offering (ATC) is a perfect offering, which will be implemented by many other tote operator around the globe.

Hence, for pioneering this new product offering, SATOTE (all RSA tote) must be commended.


Strategically it is truly a step into the future.
Operationally unprecedented to add new products on a disputed base.

Hence, one wonders if the intention of the Tote is to cover the operational flaws on the win pools, by re focussing the punters attention on the newly added product (ATC) and thereby get away without having to address the operational flaws.

Be that the strategic decision, the operational flaws will only destroy the entire base once the new product is added.

Customer centric, CRM (customer relationship management), organic growth of the customer base, etc are perhaps concepts that have been replaced by Dictatorship?

Amazed at the management styles we find in racing? Even the Lebs that go to primary school and then to Turffontein would do a better job at CRM!

Interesting post Andrew

Hence, one wonders if the intention of the Tote is to cover the operational flaws on the win pools, by re focussing the punters attention on the newly added product (ATC) and thereby get away without having to address the operational flaws.

How does this new bet differ from the All-Up bet?
This bet was introduced in the Cape in 1986, based on a successful Hong Kong formula.
It was a dismal failure in the Cape, punters shunning it.

From the other thread

www.africanbettingclan.com/forum/phorum-...15/read.php?3,148325

Cape can't read or write - the guys that stayed behind when the Voortrekkers left?
Bookies will take to this - insurance bet?

Andrewest Wrote:

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> Cape can't read or write - the guys that stayed
> behind when the Voortrekkers left?
> Bookies will take to this - insurance bet?


so you still living in your ossewaar

Here is a bookies view, have no idea why they would take the bet?

Hi Dave,

Hollywood (and most bookmakers) have always laid this type of bet, it is effectively just a multiple/all-to-come.


The big advantage in taking this bet with bookmakers is that it is not restricted to one race meeting, one particular day, or even to only horseracing.

You can include all horse bets from all centres, with all sports bets, in any permutation you as a punter may choose.


In terms of whether we’ll be laying it, we leave the choice with our valued punters. In the unlikely event that they want it, we’ll lay it.

We have always given our clients the choice of bets, allowing them to get the best of the various available odds.


With the weird restrictions that are imposed, e.g. max R15k onto the final leg, and only allowed at one meeting on one day, I cannot see why punters would see any point taking this particular TAB bet.

Also, it will be a terrible scenario to have R15,000 going onto your final leg on say a 4/1 shot for a place, where the weight of the R15,000 ensures a R1.00 payout – i.e. your horse has to run a place for you to get your money back! (never mind the normal volatility of the payouts currently happening).


Another huge problem with this Tote bet is each leg of the bet will be subject to the 6% taxation deduction, which amounts cumulatively to a 6% chunk of the customer’s return being subtracted as each leg goes through, whereas when taken with a bookmaker the same bet will only be subject to a single 6% tax deduction, at the final leg.


Clearly, the bookmaker option offers much greater value to the client as the wager is not subject to, what is effectively with the Tote, a compounded deduction.


We’ll, as always, leave the choice up to the punter.

Kind regards,


Clyde.

The problem is that you all make it a problem.

chicken 'n chips Wrote:

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> The problem is that you all make it a problem.


hehehehX(ehe CnC...

The big advantage with the tote is :

I put R5,000 on horse no 1 paying 4/1
R15,000 goes forward to the next horse and I collect R5,000

The next horse wins paying 3/1
I collect R30,000 and R15,000 goes to the next horse

The next horse lose
I collect a total of R35,000 for my R5,000 or 6/1

If I played a patent with R5,000
3 singles, 2 doubles and 1 treble at the same prices, what does the bookie offer given that I will catch only 2 x singles and 1 x double?

Which bookie is going to tell the punter :
1. So much of the R5,000 on the 3 single bets
2. So much of the R,5000 on the 2 doubles bets
3. So much of the R 5,000 on the treble.

IF I put R800 on the 3 singles, I collect -
R3,200 less tax + R800 for the first single
R2400 less tax + R800 for the second single
R16000 less tax. + R800 for the double
Around R23,000 ? For my R4800. (6 bets at R800 each)

Explain the sums to me please?

Thats good in theory, so lets try in the morning

You give me the horse paying 4/1 on the tote that I can put the R5K plus the 3/1 in the second leg and I will pick the loser in the 3rd
(team work) <

we can do 2 woodruff longshots for place...will pay 4/1 and 3/1....getting the loser...well we pick the woodruff fav....
then we are in the pound seats....
the tote bet wil take off...not so sure that the tote has the math's and marketing know how to market the bet