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-   -   AusTote versus TAB Limited (http://forums.ozmium.com.au/showthread.php?t=12058)

moeee 13th December 2005 10:10 PM

Quote:
Originally Posted by jfc
http://www.austote.com/results.asp

I note many here use them. But why aren't the others.

I think my figures suggest that after rake you'd be at least 12% better off.

If we only bought cheap stuff from China we would be over 12% better off.
Until we lost our jobs because our boss couldn't sell his Australian made stuff.
The world is not only mathematics JFC.There is also a humanity side of things to consider.

moeee 13th December 2005 10:15 PM

Quote:
Originally Posted by Winston_Smith
Thank you. Winston.

Winston.For someone with an ordinary grasp of English grammar,you are a very good speller.

moeee 13th December 2005 10:21 PM

Quote:
Originally Posted by Winston_Smith
mr kenny victor
yes austote similar in that it is parimutual pool like TAB. but with two major advantage. one it only take 5% or less from winning and two it round to 5c not 10c.
two items to be careful about. one dividend it show on page is before commission so $2.00 on austote is not as good as $2.00 on TAB and two pool sizes are small and be effected by large bet
i like austote interface very quick and very nice. it also have dutchbook calculator built in.
Thank you. Winston.

Got ya this time Winston.
Parimutual is actually spelt parimutuel.
parimuteul.paremutual.
No I don't seem to know how to spell it either.
I'll just put this triangular hat back on my head and get back in the corner then shall I?

jorgo 13th December 2005 10:25 PM

Quote:
Originally Posted by darkydog2002
Analyisis paralyisis / Yes ./It then just becomes tedious and boring and the whole point of the thread is lost.

I for one will gladly accept your figures with thanks.

Cheers.
darky

Me too

jorgo 13th December 2005 10:25 PM

Quote:
Originally Posted by slowman
SILLY BOYS IS ALL CHOPPER HAD TO SAY

once is funny, twice is sad

moeee 13th December 2005 10:25 PM

Quote:
Originally Posted by Winston_Smith
Thank you. Winston.

I think Winston and Haychee are the same person.
What do you think darkydog?

darkydog2002 14th December 2005 01:30 AM

mooee
 
i sure they are.
could not be 2 in same vein.
good for laugh here in siberia.
maybe mr winston give me 100/1winner at xmas not in january.
you think.
mr darky.

Bhagwan 14th December 2005 03:38 AM

Dear Mr Moeee,
What make you think they one in same.

My friend Sloborvan think not.
This TAB better than Old Country.
We only had paramilitary pools instead or par-mutual pools.
This TAB in country is how you say, "is grouse". But the take is how you say "a bit of a rip" for all states, except TAS

I not understand when certan commrads "come raw prawn" over semantics.
Me feel this "munted" way to behave in such supercillious manner.
Me feel sorry that there is much showing of disrespect.

Yours Sincerely,
Bogdan.

slowman 14th December 2005 06:59 AM

thats right jorgo,and the first one was a joke but the 2nd one is to show that two people who seem at first glance to be quite switched on how sad and petty they have become..........im sure if they put all that energy and time into a racing system it would be one of the best in the world by now.........

Moderator 3 14th December 2005 08:00 AM

"Winston_Smith" will not be making any more posts on this forum.

Moderator.

moeee 14th December 2005 09:44 AM

Quote:
Originally Posted by darkydog2002
i sure they are.
could not be 2 in same vein.
good for laugh here in siberia.
maybe mr winston give me 100/1winner at xmas not in january.
you think.
mr darky.
No I didn't end up in Siberia.
They let me off after I pleaded insanity.

KennyVictor 14th December 2005 12:08 PM

You guys amaze me. Winston underscore smith is the same as someone else, Zoe is someones wife. This person is that person. What happens? Do you guys meet down the pub after a session on the forum and know each other?
Guess I'm just niave (no that's not the name of another member).

KV

darkydog2002 14th December 2005 12:33 PM

kenny victor
 
mr winston gone to gulag.
not here from him no more.
mr darky.

jfc 14th December 2005 07:18 PM

Quote:
Originally Posted by Winston_Smith
i could have launched into statement calling farcical your reference as "surprisingly high". justified in light of $557 pool size for race 1 at caloundra that day. but i did not.
in fact your post actually ask why others not use Austote. (again, click above link to read actual post). my post is direct response to mr chrome prince question and your question. it explain clearly why i not use austote for serious bet.
Thank you. Winston.


I'm surprised that no one has picked up on this farcical pool of $557.

Compare that with CALOUNDRA 1 (the equivalent race) last Sunday you'll find the pool was $18,499!

That $557 in November was clearly something abnormal, particularly when you note how later races that day picked up substantially.

Unless my mind is playing tricks on me, there was some sort of system problem early that day.

Clearly that $557 is an inappropriate instance on which to base an argument, but presumably taking the trouble to find meaningful data would have been too much of an imposition for my former correspondent.

slowman 14th December 2005 07:33 PM

i think you won jfc............but it was only a T.K.O.

lomaca 14th December 2005 08:30 PM

Quote:
Originally Posted by KennyVictor
You guys amaze me. Winston underscore smith is the same as someone else, Zoe is someones wife. This person is that person. What happens? Do you guys meet down the pub after a session on the forum and know each other?
Guess I'm just niave (no that's not the name of another member).

KV

Hi KV!
A couple of days ago I posted a message along those lines, but ten minutes later I thought better of it, and deleted the post. My suspicion was aroused by the correct spelling and the way the arguments were presented. The broken english reminded me of Paul Hogan's Luigi. Remember? Only a native english speaker would make those deliberate mistakes.
Cheers

jfc 15th December 2005 05:14 AM

La Mer,

I would have thought that "watch the pool size" (no matter who your service provider is) is so obvious to all that it's not worth mentioning.

And how realistic is your example of $200 on a 20-something? For a start the winnings exceed bookmakers' obligations so would any fixed-price operator accept that much exposure, unless the client was a known consistent loser?

The pool size is very prominently displayed so it's unlikely that any sane person would try plonking that much on a longshot.

If they did then they would get real-time feedback on much they had crushed the pool. That dramatic reality-check would probably leave them with a lesson they'd remember for the rest of their life.

I'd imagine that if Mr Big Enough was trying to put substantial bets like that on AusTote then he would merely put a number of smaller bets, monitoring the effect of the diminishing returns each time.

Once the premium got squeezed then maybe he'd try shopping around elsewhere, although I suspect that Triple-Tote limits of a $100 means he could only plonk on $4. I wouldn't know.

I remind all of my new table which combines my original data with KennyVictor's BestTote figures, and suggests that AusTote is still a clear winner.

That should be the important issue here, rather than speculation about Winston's alma mater.

jfc 8th February 2006 02:53 PM

Intriguing AusTote gambit on Sandown 4. Massive pool of $94,769.

Winner Perfect Feeling paid 5.30 versus 2.50 at Tab Limited.

http://www.nswtab.com.au/today/MR04DIVS.HTM

http://www.austote.com/results.asp

Whoever plonked the big bucks on AusTote must be licking his wounds, unless this was some form of new sting!

jfc 16th February 2006 12:52 PM

More weird (but nice) stuff at AusTOTE.

Pools significantly bigger today. The accompanying immense overs are a sublime sign.

Hawkesbury 1 = $37.65 versus $10.30 in NSW!

Obviously many of you still haven't dipped your toes there - otherwise you'd be unable to contain yourselves.

moeee 16th February 2006 01:44 PM

Quote:
Originally Posted by KennyVictor
You guys amaze me.

Guess I'm just niave (no that's not the name of another member).

KV


Stop Guessing.
Be more assertive.
You'll do much better.

jfc 14th March 2006 03:47 PM

I was looking forward to see what new incentives AusTOTE was foreshadowing a few days back.

Now I know.

In the best tradition of Mark Read's mediocre-Plus they are hiking the rake to a uniform 5% with no early-bird or high turnover kickbacks.

Betfair must be ecstatic at their now effective monopoly now that AusTOTE's opted out of the fight.

"however in the near future AusTOTE will be offering incentives and bonuses which will more than compensate for any special rates some customers might have enjoyed."

I won't be holding my breath.

lomaca 14th March 2006 07:16 PM

Quote:
Originally Posted by jfc
I was looking forward to see what new incentives AusTOTE was foreshadowing a few days back.

Now I know.

In the best tradition of Mark Read's mediocre-Plus they are hiking the rake to a uniform 5% with no early-bird or high turnover kickbacks.

Betfair must be ecstatic at their now effective monopoly now that AusTOTE's opted out of the fight.

"however in the near future AusTOTE will be offering incentives and bonuses which will more than compensate for any special rates some customers might have enjoyed."

I won't be holding my breath.


Yup! read the blurb, sounds to me, like "let's have a flat tax because it's easier to administer" . What a load of baloney!!
Betfair, to me at least, is not the complete answer.
Good luck.

jfc 15th March 2006 12:39 PM

http://www.**********************.com.au/index.asp

The FREE 5-outfit live markets are very useful.

From today they show AusTOTE markets as ~109%.

A curious figure for an alleged uniform 5% rake.

Obviously AusTOTE now conveniently deducts 5% then even more conveniently rounds down that figure!

Before that change it was easy for early-birds to endure only a 3% rake. But now that has nearly TRIPLED!

jfc 16th March 2006 10:06 AM

I cannot believe that I'm the only one who's published anything about this bombshell.

For a 5% rake with NO round-downs the market should be 100/95 = 105.26%.

However after manually calculating Warwick Farm 1 yesterday the market comes out to 109.10%!

To note the impact of round-downs I added 5 cents to each dividend.

That market is 107.05%!!!!

What has happened!

AusTOTE no longer seem to publish markets any more which suggests they have now hiked the rate above 5% and forgot to tell anyone!

And they also forgot to mention that their claims about 43% best prices and 19% better return are unlikely to now apply.

I urge everyone to independently check my calculations then decide if there isn't better value elsewhere.

Stix 16th March 2006 10:13 AM

Quick question
 
Hi All

Just a quick question - What (if any) betting sites, other than the TAB's ( e.g. Sportingbet etc.), provide exotic bets (i.e. exacta bets)?

If you don't want to incur the roth of Officialdom, please email me at stix17 @ dodo . com . au

Thanks in advance

KennyVictor 16th March 2006 10:16 AM

IAS do pretty good prices on Exacta and Quinella.

KV

Stix 16th March 2006 11:11 AM

Quote:
Originally Posted by KennyVictor
IAS do pretty good prices on Exacta and Quinella.

KV

Thanks KV

Much appreciated...

Merriguy 16th March 2006 11:16 AM

With you there jfc. Was enjoying their competitive prices!

jfc 17th March 2006 06:30 AM

So what precisely is this mystery AusTOTE rake?

Rake _ Market
8.0% = 108.70%
7.5% = 108.11%
7.0% = 107.53%

Yesterday the lowest AusTOTE market was 108.3% so the rake should almost certainly be 7.5%.

Now that they have removed any disclosure as to their actual rake it will be very easy for them to keep hiking it without notice.

I'm amused that this important issue has finally made its way to another forum, although some still seem to believe that it's still a 5% rake just because AusTOTE hasn't bothered disclosing the 50% hike.

La Mer 18th March 2006 07:13 AM

Quote:
Originally Posted by jfc
So what precisely is this mystery AusTOTE rake?

Rake _ Market
8.0% = 108.70%
7.5% = 108.11%
7.0% = 107.53%


Reported elsewhere that Austote have advised that the take-out rate is 7.5% plus round-downs.

jfc 18th March 2006 08:33 AM

At least news of the 7.5% & round-down secret rake is filtering through the other forums - albeit excruciatingly slowly.

I'm amazed that one individual (whom I've had no dealing with) still insists in denying this for 3 days. Why can't he go to the official AusTOTE page and calculate the blessed markets for himself? The fact that all will be above 108.11% should be a huge clue!

As to better value elsewhere I suspect that Betfair is now the best bet, but with the problem that the low liquidity doesn't guarantee you'll get matched at your offered price.

I haven't tried this but wonder how offering lays at 10% below estimated true odds might go.

With the 5-outfit live display that lay price would be 90% * Market * Best Price.

For example early on the Market for best might be 80%.

So offer to lay a $10 shot at 90% * 80% * $10 = $7.20 or worse.

La Mer 18th March 2006 09:45 AM

Quote:
Originally Posted by jfc
At least news of the 7.5% & round-down secret rake is filtering through the other forums - albeit excruciatingly slowly.

I'm amazed that one individual (whom I've had no dealing with) still insists in denying this for 3 days. Why can't he go to the official AusTOTE page and calculate the blessed markets for himself? The fact that all will be above 108.11% should be a huge clue!


Who would that be JFC?

jfc 18th March 2006 10:41 AM

Quote:
Originally Posted by La Mer
Who would that be JFC?


La Mer,

I trust you're not trying to lure me into a transgression of the Forum T&Cs. Anyway I don't propose to elaborate on my mild observation as that could stir up a hornet's nest.

The important message from my paragraph is that consumers need to be aware of techniques to protect themselves from questionable disclosure.

AusTOTE is by no means Robinson Crusoe in that department. Betfair recently introduced an invisible commission on liquidity enhancers. TAB Limited (NSW) recently hiked Trifecta and FF rakes even more exorbitantly without bothering to inform Internet patrons.

However at least for Win, Place and Quinella, consumers can check the (well-hidden) effective rakes for themselves by going to the trouble of calculating the markets.

La Mer 18th March 2006 06:55 PM

Quote:
Originally Posted by jfc
La Mer, I trust you're not trying to lure me into a transgression of the Forum T&Cs. Anyway I don't propose to elaborate on my mild observation as that could stir up a hornet's nest.


No at all JFC, just wondering if it was the same person I had in mind.


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