"Our big days are still as good as ever," says O'Gorman. "But whereas we used to make a living midweek, nowadays we don't. I struggle midweek."
In fact, turnover can be so poor that a few years ago bookmakers, during the coldest, quietest period between December and February, were given an attendance allowance to bet at Lingfield all-weather meetings to ensure there were never fewer than three layers and a starting price could be returned.
On a long-term basis, a bookmaker cannot realistically expect for more than 12 per cent of their turnover to be profit. With expenses for an average midweek meeting often eclipsing £300, a layer must take over £2500 in bets from the sparse crowd just to cover expenses – assuming results go their way.
https://www.racingpost.com/news/in-dept ... ker/299807
How true is the famous saying 'you never meet a poor bookmaker'?
I knew 2 bookies who committed suicide, due to the game.
If anyone says its easy, they are wrong.
If anyone says its easy, they are wrong.
Stats for fav/2nd fav courtesy of Adrian Massey.com... slightly higher strike rate in the nineties,but so much more racing there days.
2016 stats are on the site but i missed them off !!
and you can break them down by any criteria you want
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- Dublin_Flyer
- Posts: 692
- Joined: Sat Feb 11, 2012 10:39 am
Figures from Horseracebase reconcile almost exactly with Adrian Masseys, at a guess the difference is due to photo finish/void race/disqualification kinda thing.
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