Skip to main content

Thoroughbred Racing SA kicking goals at the right end, unlike Racing NSW

Good article here from Bill Saunders, describing how South Australian racing is moving forward (granted, it was in rather poor shape) by rolling the sleeves up and dealing with the modern age, rather than trying to stick to believing in a Flat Earth like their counterparts in New South Wales.

South Australia Shows How It's Done

Long considered a basket case by the rest of Australian racing, South Australia is suddenly showing strong growth from a combination of embracing non-TAB wagering operators, government taxation reform and self help from rationalisation of resources and cost cutting.

The net result is a stunning year to year turnaround in performance by TRSA, from a loss of $2.1 million in 2007-08 to a profit of nearly $6.8 million in 2008-09.

By far the biggest factor in the improved performance was race field contributions from the bookmaking sector, which boosted gross revenue for TRSA by $9.2 million for the 9 months of the year that the contribution was paid.

After paying other racing jurisdictions for the use of their product, TRSA netted $5 million from the new levy. Giving the lie to suggestions that competition from the non-TAB sector would decimate TAB contributions, Unitab's funding also increased - up by more than $2 million.

Add in a further $2.7 million from wagering tax relief provided by the South Australian state government and its easy to see how gross revenue for TRSA increased by nearly 40% year on year from $29.1 million to $40.6 million.


Wow, the wonders of negotiation in business rather than tyrannical control....

Similarly, in the UK, the dispute over pitch positions for bookmakers has been resolved through negotiation at Towcester Racecourse, the only course which is not a member of the Racecourse Association. Towcester has moved to mostly free admission racedays, and thus needed to move to different funding models, and also to charge bookies (who usually pay a fee of five times the admission cost).

The pigheadedness of so many people in the racing industry is what holds it back from moving with the times. It could be worse, it could be a basket case with 50 different states and sets of rules like the US.

Comments

  1. Hi Scott,
    off topic question here but I have just had an instance where i decided to take the advice of 4 tv pundits just moments before a race started. They were adamant a particular horse would win and gave all sorts of compelling reasons. Of course the horse came in stone motherless last. The thing that bothers me here is that its happened before a couple of times, I should have learned my lesson by now. Do they do this on purpose???

    ReplyDelete
  2. if they were good punters, they wouldn't need to work on TV....

    ReplyDelete

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

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...

Racing has a Ponzi scheme - and the fallout will be enormous

When the term 'Ponzi scheme' is mentioned these days, the names Bernard Madoff and Allen Stanford instantly spring to mind. The pair of them ran multi-billion dollar frauds (US$60bn and $8bn respectively) that destroyed the lives of thousands of investors who had put their life savings into a 'wonderful' investment strategy. How so many people were sucked into the scheme is baffling to those on the outside. The lifestyle, the sales pitch, the success stories of the early investors - I suppose it all adds up.

So where does this link to racing you ask? A prominent Australian 'racing identity' this week has been reported to have lost access to a bank account with punters' club funds of $194m in it. Firstly - is there a worse term for anyone to be labelled with that 'racing identity'? It ALWAYS ends up meaning shonky crook! Secondly - who the hell has a punters' club with an active bankroll in the tens of millions? It simply can't be done.

The…

damage control when trading goals

When trades go bad, some people will say cut your losses immediately, others will recommend having a bit of patience as events tend to level out (i.e. games with two goals in the first 10 mins never end up with 18 goals in 90 minutes). This is something I like to do on certain matches.

Background:
1. You've backed Under 2.5 goals, trying to nick a few ticks at a time as the clock ticks.
2. You've been caught out by a goal.
3. The market has gone sharply against you.

On this particular match from a couple of weeks ago, there was an early goal (sixth minute) before I got involved. The period immediately after an early goal regularly shows a sharp drop in the Under price, so I was trying to capitalise on that. But Watford then scored again after 14 minutes. The Back price I took (3.95) was now out to 12 - I could close out for a big loss (not my style) or wait and wait for the price to come back to somewhere I could close out for minimal damage. But at 2-0 after 15 minutes, it w…