OPEN BET, MUGS BET...?

Is the Open bet really worth the effort ? I understand that there are some that have had issues with the Operators, perhaps been turned down for jobs which they have applied for, perhaps had a run in with one or other person in power in Racing or some are just anti establishment by nature.

But, one thing is for sure. Any logical, normal punter will surely want the best deal when betting. So, the open bet is definitely not the way to go, for these punters, given the full facts on the open bet.

My reasons for opposing the open bet are as follows -
1)It undermines the tote.
2)It undermines the tote pools.
3)It has many restrictions and limits.
4)It pays tote dividends or LESS.
5)It robs Owners of stakes.
5)it has cost many punters vast sums of winnings due to the restrictions and limits as mentioned in 3 above, such limits and restrictions from their fine print and of which the average punter is unaware until it is time to collect.

The reality of the matter is the fact that bookmakers, in their purest form, have become few and far between. Nowadays, it appears easier to rob the tote and then cry foul when opposed. And whilst the whole open bet debate continues, it creates the perfect smokescreen for the modern bookmaker's restrictions and limits.

and it's dead convenient if you have an account with Hollywood or Betexchange

louisg Wrote:

---

> Is the Open bet really worth the effort ? I
> understand that there are some that have had
> issues with the Operators, perhaps been turned
> down for jobs which they have applied for, perhaps
> had a run in with one or other person in power in
> Racing or some are just anti establishment by
> nature.
>
> But, one thing is for sure. Any logical, normal
> punter will surely want the best deal when
> betting. So, the open bet is definitely not the
> way to go, for these punters, given the full facts
> on the open bet.
>
> My reasons for opposing the open bet are as
> follows -
> 1)It undermines the tote.
> 2)It undermines the tote pools.
> 3)It has many restrictions and limits.
> 4)It pays tote dividends or LESS.
> 5)It robs Owners of stakes.
> 5)it has cost many punters vast sums of winnings
> due to the restrictions and limits as mentioned in
> 3 above, such limits and restrictions from their
> fine print and of which the average punter is
> unaware until it is time to collect.
>
> The reality of the matter is the fact that
> bookmakers, in their purest form, have become few
> and far between. Nowadays, it appears easier to
> rob the tote and then cry foul when opposed. And
> whilst the whole open bet debate continues, it
> creates the perfect smokescreen for the modern
> bookmaker's restrictions and limits.

Most would not argue with a lot of your sentiments ....................so how come it won't go away?................in fact it just gets stronger and stronger...............must be confusing the hell out of your perception of "good business sense" :

I've mentioned before that my humble opinion is that bookies should stick to fixed price betting and not have the "open bet"...

For the betting I do, mainly wins and places, I'll stick to the bookie as the tote offers too much uncertainty with respect to my potential payout, what with a still unidentified mystery overseas punter affecting the payouts in a illogical manner...

Each to their own...another thing I'd like to add is that I will only bet on that which I can watch, be it racing or sports...and there are probably others of the same thinking so the current impasse between bookies and operators and the restriction of what racing is broadcast cannot be doing turnover any good, take-outs any good, profits any good, stakes any good, dividends any good, etc, etc, etc...

The longer the impasse lasts, the less good is being done to the industry that the operators rely on greatly as the bookies do a lot more sports betting turnover (from the figures in another thread) than racing betting turnover...my view is that it is in the greater long terms interests of the operator to see things resolved asap but I see that many bookies have already cracked as evidenced by the fact that I now walk into any Marshalls outlet and I watch even overseas racing...

As long as you keep getting MJ horses you will think that way.

Re the open bet

Is it really an open bet?

Are you guys telling us all that bookmakers are not laying off their open bets to the tote and if so do they receive commission off the tote?

....what about me the kippie.....have not ever willingly had a open bet with a bookie.....but my fav. hangouts like Monte Casino, Meyersdal offer nothing else.....I am the last of a die hard breed of TAB punters so I punt from home on TAB only.....in this year alone I have had to take shit place odds on HK and Singapore racing because the pools are consistently being manipulated .....landed up with a negative tote balance when a race result at Dundalk was temporary reversed.....denied a potentially high swinger payout when the last televised Hong Kong meeting had a race declared Null and void for not having correctly carded runners on their free TAB sheet.....

If the operator wants to retain their punter customer base.....they should at least try and up their game....:S

Louis plenty of the big timers seem to think its worth persevering with the open bet, it's what they do so I won't argue with them

TNaicker Wrote:

---

> I've mentioned before that my humble opinion is
> that bookies should stick to fixed price betting
> and not have the "open bet"...
>
> For the betting I do, mainly wins and places, I'll
> stick to the bookie as the tote offers too much
> uncertainty with respect to my potential payout,
> what with a still unidentified mystery overseas
> punter affecting the payouts in a illogical
> manner...
>
> Each to their own...another thing I'd like to add
> is that I will only bet on that which I can watch,
> be it racing or sports...and there are probably
> others of the same thinking so the current impasse
> between bookies and operators and the restriction
> of what racing is broadcast cannot be doing
> turnover any good, take-outs any good, profits any
> good, stakes any good, dividends any good, etc,
> etc, etc...
>
> The longer the impasse lasts, the less good is
> being done to the industry that the operators rely
> on greatly as the bookies do a lot more sports
> betting turnover (from the figures in another
> thread) than racing betting turnover...my view is
> that it is in the greater long terms interests of
> the operator to see things resolved asap but I see
> that many bookies have already cracked as
> evidenced by the fact that I now walk into any
> Marshalls outlet and I watch even overseas
> racing...

Marshalls are(or certainly were up until a few months ago) official TAB agents so would get the full coverage.................but they lay the open bet too!!
In fact,when I used to visit their Kloof premises (now closed I'm told) you had to be careful as to which you were taking/given!

I only play the open bet out of convenience, better facilities etc

Muhtiman Wrote:

---

> ....what about me the kippie.....have not ever
> willingly had a open bet with a bookie.....but my
> fav. hangouts like Monte Casino, Meyersdal offer
> nothing else.....I am the last of a die hard breed
> of TAB punters so I punt from home on TAB
> only.....in this year alone I have had to take
> shit place odds on HK and Singapore racing because
> the pools are consistently being manipulated
> .....landed up with a negative tote balance when a
> race result at Dundalk was temporary
> reversed.....denied a potentially high swinger
> payout when the last televised Hong Kong meeting
> had a race declared Null and void for not having
> correctly carded runners on their free TAB
> sheet.....
>
> If the operator wants to retain their punter
> customer base.....they should at least try and up
> their game....:S

There's high risk, high return
There's low risk, low return
And then you have the operators...no risk, maximum return...:S

I've even stopped (this week) my miniscule win/place bets with the bookie and with that the 3% that was going on the occasional winning ticket...repeat this exercse many many times and you get the idea of what is going to happen in due course...

Aligned with TNaickers view.

Bookie offers 4/1, and I let's assume I put R500 on the horse, I am guaranteed to get R2000/R500, before the 6% deduction,provided there are no late scratchings(a separate issue). So I would get back R2380.

If the tote offers R5.20 for the same horse, and I placed a bet of R500, I would at that point, lets say 30 seconds before race time,believe that I could potentially win R2600.

I follow the betting on tab online website, and see race closed, and the horse still shows R5.20 for a win, and I watch the race live.

I then go back to tab online payouts, and the winner now shows R3.80, after showing race closed. So my R500 on the tote returns R1900, versus R2380 with the bookie.

Which betting option would you use?.