• Abstract and Figures
• Public Full-text

FRIDAY, 2 SEPTEMBER, 2016 SIX AUSSIE RAIDERS FOR APPLEBY BIGGEST DANGER TO THE Godolphin trainer Charlie Appleby will have his first Australian POPULARITY OF BETTING runners during the spring carnival, and the Newmarket-based conditioner will look to make a big impact with six shippers, according to Racing.com. Scottish (Ire) (Teofilo {Ire}) was on Wednesday assigned a weight of 54.5kg (120 pounds) for the G1 Caulfield Cup Oct. 15, and Appleby told the site, "I am happy with that weight. He is an adaptable horse with a high cruising speed, who I think will be ideal for Caulfield.@ Scottish is one of five nominated by Appleby to the Nov. 1 G1 Melbourne Cup, and the trainer said, "All of the five in my stable have completed their preparations over here [in Newmarket] and they are ready to go into quarantine on Sept. 15.@ Cont. in Worldwide News p11 IN TDN AMERICA TODAY The restriction of successful bettors is hurting racing | Racing Post THE BALL’S BACK IN HENNIG’S ‘COURT’ Op/Ed by Kevin Blake Owing in large part to an influx of quality horses from Don Horse racing, in common with any sport, has its share of Adam’s Courtlandt Farm, trainer Mark Hennig is very much on opportunities and challenges as it fights for the public's the upswing. Brian DiDonato reports from Saratoga. attention and support. The world of sport and entertainment Click or tap here to go straight to TDN America. has never been more competitive than it is now, and with it being a world that is ever changing and evolving, those sports that fail to adapt to their customers' needs and wants are being left behind. Of all the challenges that horse racing faces in Great Britain and Ireland, one of the biggest dangers is also the one that is the least discussed in the racing media. It is a problem that has been growing steadily for the better part of a decade and now represents one of the biggest threats to the future financial stability and popularity of horse racing. That problem is the rampant practice of bookmakers severely restricting the stakes it allows bettors to place on the outcomes of horse races. Listening to the plethora of bookmaker's PR reps that are omnipresent in the racing media, an outside observer might think that modern bookmakers are aggressive operators that take on all comers both big and small. However, unless you are an incompetent or ill-informed bettor that is a long-term loser, the reality couldn't be further from this image. Cont. p2 TDN EUROPE/INTERNATIONAL • PAGE 2 OF 12 • THETDN.COM FRIDAY • 2 SEPTEMBER, 2016 In that time there has also been a notable change in bookmaker behaviour that has led the betting industry to the situation it now finds itself in. Biggest Danger To The In the past, bookmakers took pride in their bravery in taking on all comers, being willing to take losses from individuals in the Popularity of Betting cont. from p1 hope that they would beat that customer in the long run. While bookmakers will do everything they can However, the modern reality for bookmakers is that the to court, accommodate and encourage bettors bean-counting accountants have taken over. The type of that have proven themselves to be consistent customer they primarily want to deal with is the small-staking losers, bettors that show even a hint of recreational bettor that will bet all day long without any regard competency and seek to avail of a competitive price can expect for value, strategy or discipline. to have their stakes with online bookmakers How they seek to achieve this is by either severely restricted, often to literally cents and “Bettors that show even a hint closing the accounts or more commonly pennies. The situation isn't much better in of competency and seek to avail severely restricting the permitted betting betting shops, with bookmakers employing all of a competitive price can stakes of any of their customers that show sorts of methods to make it as difficult as expect to have their stakes with competency in their betting. possible for skilled bettors to place bets of online bookmakers severely The danger of this policy should be obvious anything bar small stakes with them. restricted, often to literally to all. Horse racing is an incredibly complex The betting world has unquestionably cents and pennies.” sport in which the betting odds are undergone significant change in the last 15 fundamentally fixed in the favour of the years or so, primarily due to the popularity of the internet and bookmakers. Becoming skilled and disciplined enough to have a online betting. This has made it easier for bookmakers to chance at making a long-term profit by betting on it takes monitor their customers, but it has also led to bettors becoming thousands of hours of work and only a very small percentage of more informed and aware of the importance of value. people that bet on horse racing make it pay. Cont. p3 TDN EUROPE/INTERNATIONAL • PAGE 3 OF 12 • THETDN.COM FRIDAY • 2 SEPTEMBER, 2016 Kevin Blake cont. With the modern reality for successful bettors being that placing meaningful stakes at fair prices is often a bigger challenge than finding winners, one could understand why intelligent, hard-working sports enthusiasts would rather dedicate themselves to getting good at betting on a sport in which they can at least bet in big stakes if they wish to without undue hassle, such as football. What is even more concerning is that risk-averse bookmaker practice doesn't just detrimentally effect profitable bettors. One doesn't even necessarily have to win money off the bookmaker to have their account restricted or closed, as backing horses at bigger prices than they are sent off at no matter whether they go on to win or lose is often sufficient to result in stake restrictions from bookmakers. Worse still, rather than taking these decisions to restrict bettors based on a large sample of bets, in many cases bettors are finding their stakes restricted after a mere handful of bets. This means that countless recreational punters that have been, or are likely to be, long-term losers are being caught up in the crossfire of bookmaker stake restrictions, causing no end of frustration and disillusionment amongst a group that is one of the foundation stones of the racing industry. It is hard enough to attract new customers into horse racing as it is without risk-averse bookmaker practice turning them away from betting on the sport. Given that not all horse racing supporters are regular bettors, this problem is not one that will be familiar to everyone involved in racing. Awareness of the scale and seriousness of the problem has also been stifled by the fact that bookmakers are one of the leading advertisers and employers in the racing media, meaning that precious few racing journalists and broadcasters have been willing to upset the apple cart by raising the issue. Even to those supporters of horse racing that have no interest in betting, the bigger-picture ramifications of all of this should be very clear. Whether one likes it or not, horse racing and betting are joined at the hip. In all bar a handful of super-rich racing jurisdictions, a significant proportion of the funding that funds horse racing comes either directly or indirectly from the betting industry. Whether one is talking about betting tax/levy that directly funds the sport, the lucrative media rights deals that are so vital to the finances of racecourses or the significant sponsorship/advertising revenue the racing industry attracts from the betting sector, all of it is directly linked to the popularity of betting on horse racing. If betting turnover on racing continues to drop, the value of all those revenue streams will drop, which will translate to drastically-reduced funding and media coverage for horse racing. Cont. p4 TDN EUROPE/INTERNATIONAL • PAGE 4 OF 12 • THETDN.COM FRIDAY • 2 SEPTEMBER, 2016 Kevin Blake cont. Horse racing's share of the betting turnover pie has already been significantly reduced in the last 15 years as betting on other sports and wagering mediums has increased in popularity. Increasingly risk-averse practice by bookmakers and active efforts by bookmakers to funnel horse racing bettors into other betting mediums that are more profitable and predictable for them, such as sports betting and casino games, are only serving to accelerate this redistribution of betting turnover. The solution to this very serious problem is simple. A precedent has been set in Australia in recent years whereby the racing authorities in New South Wales made it a requirement for any bookmaker that wished to take bets on races held there to guarantee to accept a bet from any customer to lose a minimum liability of AUS$1,000 at country tracks and AUS$2,000 at city tracks. Despite a great amount of protest from the bookmakers at the time that new rule was introduced, two years into the arrangement reports suggest that the guarantee is working to the satisfaction of both bookmakers and bettors. Indeed, a similar policy is currently in the process of being implemented in Victoria. The closest thing we have to such a situation in Great Britain and Ireland are a set of similar guarantees that were voluntarily introduced by Coral for their British-based betting shop customers, which they have expressed satisfaction with. More recently, a new bookmaker called Black Type Bet has launched in recent weeks that seeks to return to a traditional bookmaking model and offer a guaranteed bet up to a ,500 liability to all comers as well as a promise not to close winning accounts.

Load more

  33

Copy Link