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Punt to Win |
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16/5/2003 edition Gold Coast Bookmaker Betting Odds Here is a post on 12th. May by our regular forum contributor "thekey": "Thought I would beat Neil to the punch and point out what a disgrace the Gold Coast bookies were on Saturday. A certain high profile bookie was quoted as saying the betting on the day was a bit of a fizzer. Gee I wonder why? It must have been bad because it even got a mention in the press up here, quite unusual. Perhaps the more amazing aspect was that some horses actually firmed quite markedly even in these already tight markets. I would be interested to know if anybody was on track at the Coast and could shed any light on this farce." "thekey" has made some valid points. Have a look at these markets. The $75,000 3YO Open Gold Coast Guineas had a field of 18. Wide Awake started as $2.50 favourite. Charlie Bub $3.50 was second favourite. That's over 68%. They also finished ninth and tenth. But there was worse to come. The other runners added another 95% so the starting price market was an unbelievable 163%. Top fluctuation was not much better - at 156%. In that market Wide Awake even firmed from $2.90 to $2.50 starting price. How wide awake were its backers at those odds? Or were they comatose? The Group 2 Weight for Age Hollindale Stakes, a $200,000 race had a starting price market of 138%. Top fluctuation was still a very tight 134%. The Group 2 Prime Minister's Cup, a $300,000 race, had a starting price market of 135%. Top fluctuation was 124%. What responsibility to racing do the Gold Coast bookmakers have? Do they have a responsibility to attract betting on the racing? Following those market percentages we've stopped wasting hours of our time pricing horses for Brisbane races. There's no point. It's quite surprising that the Gold Coast bookmakers ignored the serious challenge racing is facing for the betting dollar from from sports betting. Markets are around 104% for head to head sports betting - even better at times. More bettors than ever before now understand market percentages. They know that is impossible to win in 150% horse racing betting markets no matter how good they are at selecting winners. Of course, there are now also betting exchanges. We wonder what reasons any Gold Coast bookmaker could give for having them banned? Gold Coast bookies, have you turned off more horse racing punters and helped them change from betting on horse racing to sports betting? This edition of Punt to Win: You Need Top Odds It
is just about impossible to get a high enough
strike rate backing short priced tote favourites
and the poor value tote horses to make up for
the big unders on the tote. Short
priced tote favourites Copyright ©1998-present. OZmium Pty. Ltd. All rights reserved. |
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