Skip to main content

Racing NSW rhetoric completely ignores the key participant

Racing NSW are at it again, whipping up hysteria over the real world having changed from those wonderful old days when their mates in government could ban any rivals to their monopoly. Chairman Alan Brown addressed a meeting last Friday about concerns over the funding of racing in NSW. You can read his address here. He babbles on about paying for racing, how the corporate bookies and Betfair have changed things around etc... not once does he mention that the monopoly he is trying to support is now a privatised company working first and foremost for its shareholders. Not once does he mention that perhaps its time the punter got a fairer deal instead of being constantly shafted by that monopoly for the best part of a generation.

The world has changed. Margins for EVERY business and industry in the world have tightened. Monopolies are being outlawed by governments worldwide. Organisations who waste millions on ridiculous legal fees or because they are too stubborn to merge for the improvement of the industry as a whole deserve a major kick up the clacker. Time to catch up with the real world and learn how competition drives efficiency and better services for the end consumer, the poor old punter, who is the one who funds racing, and is always ignored in these campaigns.

The breeders at the top end of the industry invariably do well out of the sport - all their success comes from racing, the results are the ones that set the prices for their stallion fees. How much exactly do they put in to be able to reap the end rewards?

Comments

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

The Melbourne Cup preview 2019

We're back again for the greatest race on turf, the world's richest staying race and the only race in the world which creates a public holiday for millions of locals.




Once again a fine international field has been assembled and it's worth a deep look at the race. So get a cuppa and find a comfortable seat to plough your way through my preview!

--------------------------------

The Lexus Melbourne Cup
Group 1, Handicap, 3200m
AUD 7,750,000
Flemington 1500 local, 0400 GMT
Broadcasters - Network 10 (AUS), Racing.com (worldwide), SkySportsRacing (UK)


1. Cross Counter
Trainer - Charlie Appleby (one previous Cup win)
Jockey - William Buick
Breeding - Teofilo - Waitress
Drawn 5, Weight 57.5kg

Last year's impressive winner who doesn't get the 3yo weight advantage this time. Won first up at Meydan in March but has run fourth, third, fourth in the big set weights staying races in England and Ireland, never quite making it as the next big staying star. While running close behind Stradivar…

hope for investors in the Centaur scandal?

In a breaking story, it has been reported that directors of the failed sports investment fund Centaur have had their assets frozen in order to repay investors. It is believed that managing director Keith Sobey skipped town trying to avoid prosecution however he either naively thought Ireland was a safe enough place to hide or had a lingering feeling of guilt and sat waiting for that knock on the door.

Sobey, the name behind Centaur (read the original story here), is believed to own four houses, worth more in total than the missing £1.6m. His willingness to sell them to repay investors is likely to keep the matter out of the courts, and at least one other director, Andrew Cork, will apparently follow suit.

All this adds weight to anecdotal evidence that the collapse of the fund came down to mismanagement rather than fraudulent deeds. As costs grew (why would you set up a training academy in central London?), margins evaporated and keeping the business afloat went through money like a…