Levy changes

[Naffman]

https://www.racingpost.com/news/latest/ ... rts/449877

Yes the govt. has other hands at matter but the levy funding for prizemoney is nothing short of a joke compared to other countries.

Think I remember seeing last years prizemoney was the same or maybe even less than in the year 2000 and that's not even in real terms.

Owners will be leaving the sport in droves with the prizemoney situation and the way they've been treated by racecourses and the BHA over the pandemic and even still.

Could a better turnover charge like what we see in NSW be realistic to get extra funding? I think so...and it would kill the exchange.

[ShaunWhite]

maybe even less than in the year 2000.

.... when they scraped the 9% betting tax. The racing industry has been complacent and not filled the void.

Interesting to see Priti Patel's name all over this. Presumably the same Priti Patel who's recently lost her position as Betfair company secretary.

[spreadbetting]

Mor ethan one Pritti Patel , Shaun

https://uk.linkedin.com/in/pritti-patel ... a5171f5a3e

[ShaunWhite]

Mor ethan one Pritti Patel , Shaun

https://uk.linkedin.com/in/pritti-patel ... a5171f5a3e

Yeah businesses tend to appoint some random with no influence so maybe it was just 'a' Priti Patel from just outside Kolkata.

[ShaunWhite]

Mor ethan one Pritti Patel , Shaun

https://uk.linkedin.com/in/pritti-patel ... a5171f5a3e

I'll hold my hands up when I'm wrong. It's a different one....or at least it's a different spelling.

You've got to admit with her being so involved in the industry it wouldn't have been suprising.

[ShaunWhite]

.... when they scraped the 9% betting tax.

Remembering the 9% tax made me wonder how old my oldest spreadsheet was. Ah the good old days of staking £109, at a price you can understand, and using actual folding money. How quaint.

1998 is a lot redder than this bit, 9% and the bookies 30% overround did me in eventually. Somehow this file didn't end up in the trash, along with my big idea to make a living from gambling at the time. Idiot Thankfully the millenium bug panic made it easy to get my old job back again, tail between my legs obv.

Get in there Splendid Thyne. I bet that was a good Saturday night !

Screenshot_1.png

[Naffman]

Just having a look and it seems prizemoney is about on par last year (we all know how bad it is this year) with the late 90's, you'd think something has to be done and I wouldn't be surprised if they went the turnover route.

[Derek27]

I used to think prize money needs to be focused on the bottom grade races. It's hard to imagine an owner going to the expense of taking his family out to the races and winning a novice hurdle being excited by the financial reward. But when you see the prize money available for group ones down under it makes our G1s seem embarrassing!

[ilovepizza82]

Turning to turnover...dat would really suck.

[alexmr2]

Lower prize money than other countries and no more than 20 years ago... but isn't this just the UK in general?

The wages for many professions here are a joke compared to other countries for a number of reasons. They have basically stagnated ever since the 2008 financial crash

[Naffman]

If crowds aren't back to full capacity in the next 6-9 months then racing in this country is in significant trouble

[LeTiss]

.... when they scraped the 9% betting tax.

Remembering the 9% tax made me wonder how old my oldest spreadsheet was. Ah the good old days of staking £109, at a price you can understand, and using actual folding money. How quaint.

1998 is a lot redder than this bit, 9% and the bookies 30% overround did me in eventually. Somehow this file didn't end up in the trash, along with my big idea to make a living from gambling at the time. Idiot Thankfully the millenium bug panic made it easy to get my old job back again, tail between my legs obv.

Get in there Splendid Thyne. I bet that was a good Saturday night !
Screenshot_1.png

I worked for Ladbrokes when it was 10% - much easier to work out for the average punter

I always remember the massive % of punters who paid their tax before. It showed the eternal optimism of gamblers.......this one is DEFINITELY a winner

[Anbell]

If crowds aren't back to full capacity in the next 6-9 months then racing in this country is in significant trouble

I would guess that is at least 20.0 chance

[Naffman]

If crowds aren't back to full capacity in the next 6-9 months then racing in this country is in significant trouble

I would guess that is at least 20.0 chance

Not if you look at the govt. stance and the incompetence of the BHA

[Anbell]

If crowds aren't back to full capacity in the next 6-9 months then racing in this country is in significant trouble

I would guess that is at least 20.0 chance

Not if you look at the govt. stance and the incompetence of the BHA

I'm saying there's only a 5% chance (IMO) that crowds are back to full capacity within 9 months (on a permanent basis).