The "frustrated at race scheduling" thread

[andyfuller]

You are assuming he wins at Kempton and reinvests at Listowel.

The strong likelihood is that he will lose at Kempton and will have no money to bet on Listowel.

Tha's why you are wrong.

And you cannot assume he would bet at Kempton regardless.

If Listowel and Kempton are the same time, the Irish punter is much more likely to bet on Listowel.

You have missed my point again.

I am by no means saying all Irish punters are betting on Kempton racing (nor are you).

What I am saying and I do not think it would take a big leap in faith that there may just be the odd Irish punter who is betting on Kempton today as well as the other 2 meetings left on.

And from that pool of Irish people there may just be the odd one who wins on their bet at Kempton. By no means all but I think we can say there may be a few.

Of those few there may be just one or two perhaps who would reinvest their winnings from Kempton at Listowel if they were given enough time to get that bet on.

By putting Listowel back by 5 mins now Muss is off you are increasing the likelyhood that these people who have won at Kempton and are betting in Ireland may bet on Listowel.

But with Listowel not being put back you are more likely to have the above Irish people place their winnings on the next available race to them which happens to be Brighton from which Irish racing gains no benefit.

For those Irish people who lose at Kempton I agree HRI get no benefit, but surely HRI are better getting the people I mention above betting on the Irish racing and not Brighton with their Kempton winnings?

As long as the benefit HRI potentially can gain by putting back Listowel out weighs the cost of doing so it seems a no brainer to put it back and pick up the extra Levy the above people would generate for HRI.

I shall not comment further on this specific discussion as I have made my point quite clearly
and I hope most people can easily understand it and see the logic and we are just going round in circles.

[payuppal]

You are indeed going round in circles.

You define the punter as definitely betting on Kempton. Without thius assumption, your argument makes even less sense.

But he is no more committed to betting there than in Ireland, and anything HRI does to make it easier for him to do so is not in their interest.

Simples.

[Ferru123]

Let's say just 10% of the punters bet on Kempton - either because they've won at Listowel and think they're on a roll, or because they've lost at Listowel and want to win back their money.

Would it not be in the bookmaker's interest for the races to be a few minutes apart?

Jeff

You define the punter as definitely betting on Kempton. Without thius assumption, your argument makes even less sense.

[payuppal]

No, because the amount of money the betting shop punter loses each day is more or less fixed, and the average net result of betting on a race is going to be a loss.

Bets on UK races will take away from that fixed sum, reducing the amount to bet on Irish races and reducing HRI's take.

So HRI's best course of action is to make it as difficult as possible to bet on a UK race.

Given that an Irish punter is more inclined to bet on an Irish race, it makes no sense for them to alter the times if a UK and an Irish race clash.

Which is where we came in.

[Ferru123]

No, because the amount of money the betting shop punter loses each day is more or less fixed.

That's a big assumption. IMHO, the more races there are per day, the more a bookie will turn over per day on average.

I'll ask my local bookie tomorrow whether he takes more bets in the middle of the summer, when there are 80 odd races per day, or on a 2 meeting day in the middle of December, but I think I know what he'll say...

Jeff

[payuppal]

You know a bookmaker..how quaint and old fashioned.

And you have solved racing's funding problems. The answer is to run races every minute; people will come in with piles of cash.

'But where will the extra money come from?' I hear someone at the back say.

'Run the races and it will appear' comes the reply.

In any case, it is always in HRI's interest to get Irish punters to bet on Irish races, so there is never a reason for them to alter their race times to avoid a ckash with the UK.

Which is where we came in.

[Ferru123]

And you have solved racing's funding problems. The answer is to run races every minute; people will come in with piles of cash.

If you ever visit ye olde bookie shop, you might be surprised at how many people bet on the virtual races that take place every 15 minutes in the morning...

Jeff

[Euler]

Early night for me I think. Dundalk 13 mintues late and clashing with Wolv. Not exactly great trading conditions!

[Euler]

LOL, Dundalk off so late the next race is only 8mins away now.

[Euler]

What a complete farce today is!