Wallawalla Forum Posts
Place betting advice
1yr 2mth ago
Where does one get this guarantee? Have you checked your place SP Betfair results against any TAB. I use Betfair SP for win and have found Betfair beats best of three totes 16% of the time and after paying 5% commission to be 2% increase in return.These results are just for February,as i can only go back about 21 pages for my account.
does anyone bet BEST TOTE on country & prov
1yr 3mth ago
Thankyou Aussielong for bringing up this topic.All punters are playing in a game where the odds are unfair against them,in the range of 5% to 18%. Obtaining value is one of the most important aspects of gambling.I have also been looking to achieve the best win odds.Currently using Betfair SP. but i am dissappointed in the odds obtained. A quick check of returns for my winning selections posted on this site for January showed best of three totes better than Betfair SP.The 5% commission made Betfair worse, i would have lost less using best of three totes. Tomwaterhouse.com appears to be the only bookie offering best of three totes for a win bet covering ALL Australian racing.If this important topic keeps going i will put up the figures for my results.Having access to Betfair 5 minutes before a race is not an option for a lot of punters,also there is a good chance they will not get in at the top odds.
does anyone bet BEST TOTE on country & prov
1yr 3mth ago
Sinestro if you nominate a price early, there is a good chance you will not get matched or take unders.A punter that knows the starting price of a horse accurately will never have to work again,just trade on the difference.They used to be called crushers.A big drop in price in the Paddock,they run into the Ledger and the Flat and take overs.Then lay the horse with a friendly bookie in the Paddock.Giving a win to nothing. Also done by Tic Tac between the stands.
LADDERBOARD
1yr 3mth ago
Was wondering if the ladderboard could show a tipsters complete record .The test of time is the best test.
Anyone else on here that punt for a living.
1yr 3mth ago
MEMO to tonystips. You say you can do it.We believe you. Now show us.
Hong Kong Jockey Club Faces Biggest Risk
1yr 3mth ago
Hong Kong Jockey Club Faces Biggest Risk in 126 Years From Web
2011-02-15 16:01:00.1 GMT
By Frederik Balfour
Feb. 16 (Bloomberg) -- For 126 years, the Hong Kong Jockey Club has survived equine flu, bribery scandals, the Japanese invasion and the return to China. Now the operator that takes more money per race than any other faces a bigger challenge: the Internet.
As members gather in private boxes this weekend, to dine on steamed sea perch with crushed fava beans and sip Chateau Margaux at the Mercedes-Benz Hong Kong Classic Cup, about one third of the money wagered on the thoroughbreds will bypass the club's monopoly and go to unauthorized Internet betting sites.
"Competition is just a mouse click away," said Winfried Engelbrecht-Bresges, 55, the Jockey Club's German chief executive officer. "Our competitiveness is at risk."
There's even more at stake for the government. The Jockey Club, the city's sole provider of horse racing, football betting and lotteries is also its largest single taxpayer. Hong Kong gets about 7 percent of tax revenue --HK$12.8 billion ($1.64
billion) last year -- from the club, helping keep income tax rates in the former British colony among the lowest globally.
The operator is also the city's biggest source of charitable donations, spending HK$1.52 billion in the year ended June on everything from hospices for single mothers to art archives.
About HK$105 million is bet on every race, according to William Nader, the club's executive director for racing. That's more than 50 times the average at U.S. tracks in 2010. After prizes and winning bets are paid out, the Hong Kong government takes at least 72.5 percent of what's left in taxes. That compares with 25 percent in Singapore.
Better Odds
The windfall for Hong Kong is threatened by a rise in unauthorized Internet betting sites, which avoid paying gambling taxes or royalties to the track, enabling them to offer more attractive odds, said Engelbrecht.
"Online gaming has eroded racing's capacity to ensure it achieves a fair return from all the wagering that takes place,"
Andrew Harding, chief executive officer of Sydney-based Asian Racing Federation, said by telephone.
Some tracks are trying to fight the problem of "free riding" by online bookmakers by linking with race courses in other countries to take bets on each other's races. The system, called commingling, broadens the pool of gamblers the race operators can access, allowing them to offer better odds.
Lost Revenue
Hong Kong's tax regime makes such deals prohibitive because the city doesn't make allowances for double taxation, said Engelbrecht. The jockey club's overseas revenue would be taxed twice -- in the country where the bet was made and in Hong Kong
-- removing any profit. The city's government said in an e- mailed response it is "willing to review the taxation structure for inbound commingling."
Engelbrecht estimates annual revenue for illegal bookmakers from Hong Kong horse races is equivalent to between one-third and 100 percent of the Jockey Club's receipts. That means the government lost at least HK$2.6 billion in revenue, based on the
HK$7.9 billion in racing taxes the club paid in the year ended March 2010.
Growth in the club's racing revenue is failing to keep up with global online betting. Hong Kong's gross racing revenue grew 3.6 percent to $1.5 billion in the year ended June.
Internet gambling last year grew 10.4 percent to $11.9 billion, according to GBGC gambling consultants.
One way to beat the Internet operators is to join them. The jockey club already gets 30 percent of its earnings from online soccer betting and Engelbrecht wants the government to legalize expansion into other sports, such as basketball.
Online Poker
That would help it compete with companies such as London- listed Betfair Group Plc, which takes bets on everything from horse racing in Tampa Bay to online poker.
"It's more and more difficult for Hong Kong to maintain its monopoly and have a thriving business when there are so many competing alternatives out there, both illegal and legal," said Stephen Burn, Betfair's Global Racing Director. "There is a tidal wave of people who want to use the new technology." Burn said Betfair doesn't take bets on Hong Kong horse races.
Many gambling websites are based in locations such as Vanuatu or Curacao where outside authorities are powerless to shut them down. They don't pay racing levies or share revenue with race operators and hence can offer better odds.
"They will always return better money than we do," said Louis Romanet, chairman of the International Federation of Horseracing Authorities, said by telephone. "We have to pay for organization of the races and tax."
Malarial Swamp
Horse racing has been a pastime in Hong Kong since the British drained a malarial swamp to form a racetrack at Happy Valley in 1841. Races have taken place there ever since, except for a few years during the Japanese occupation in 1941-45, according to the jockey club's website.
A second track and clubhouse were built at Sha Tin in 1978 to offer weekend races, including the Cathay Pacific Cup, which has a purse of HK$20 million, more than the $2 million in prize money at the Kentucky Derby. The club was forced to suspend racing for one month in 1992 when a third of the horses were afflicted by equine flu, though none died. Four years later the word "Royal" was dropped from the club name before Britain handed Hong Kong back to China in 1997.
The club's reputation was tarnished when one of the committee of 200 people among its more than 21,000 members allowed to nominate new entrants, was sentenced to two years in jail in June 2009 for taking bribes worth HK$450,000. In December last year, the city's Independent Commission Against Corruption said three other members were under investigation for similar abuses.
Who's Who
Neither the ICAC nor the jockey club would comment on the current case. Engelbrecht said the 2009 case was an exception and "we rely very much on quality control of the 200 voting members made up of a who's who in Hong Kong society."
Those members include billionaires such as billionaires Victor Fung, chairman of Li & Fung Ltd. and Vincent Lo, chairman of Shui On Land Ltd.
The club has retained a reputation for weathering storms.
During the financial crisis, some members transferred a combined
HK$2 billion into their betting accounts (the club doesn't provide credit) from banks "because they trusted us more,"
said Engelbrecht.
That reputation may help the club expand into Internet betting because gamblers take a bigger risk entrusting their money to unregulated sites, said James Hollins, equity analyst at Evolution Group on London.
"In the ideal scenario you have one brand and platform for sports, poker, casino and bingo," said Hollins.
The seeds of the club's future may also have been sown in
1997 with the prospect of a new, much larger market in mainland China, where horse racing is currently illegal.
To attract the swelling ranks of Chinese high rollers, the Hong Kong Jockey Club spent $100 million to build a clubhouse in Beijing where it now has 1,000 non-betting memberships.
"It's important to establish ourselves as a brand," said Engelbrecht. "Ten years ahead, I'm pretty convinced there will be horse racing in China."
--Editors: Adam Majendie, Frank Longid
2011-02-15 16:01:00.1 GMT
By Frederik Balfour
Feb. 16 (Bloomberg) -- For 126 years, the Hong Kong Jockey Club has survived equine flu, bribery scandals, the Japanese invasion and the return to China. Now the operator that takes more money per race than any other faces a bigger challenge: the Internet.
As members gather in private boxes this weekend, to dine on steamed sea perch with crushed fava beans and sip Chateau Margaux at the Mercedes-Benz Hong Kong Classic Cup, about one third of the money wagered on the thoroughbreds will bypass the club's monopoly and go to unauthorized Internet betting sites.
"Competition is just a mouse click away," said Winfried Engelbrecht-Bresges, 55, the Jockey Club's German chief executive officer. "Our competitiveness is at risk."
There's even more at stake for the government. The Jockey Club, the city's sole provider of horse racing, football betting and lotteries is also its largest single taxpayer. Hong Kong gets about 7 percent of tax revenue --HK$12.8 billion ($1.64
billion) last year -- from the club, helping keep income tax rates in the former British colony among the lowest globally.
The operator is also the city's biggest source of charitable donations, spending HK$1.52 billion in the year ended June on everything from hospices for single mothers to art archives.
About HK$105 million is bet on every race, according to William Nader, the club's executive director for racing. That's more than 50 times the average at U.S. tracks in 2010. After prizes and winning bets are paid out, the Hong Kong government takes at least 72.5 percent of what's left in taxes. That compares with 25 percent in Singapore.
Better Odds
The windfall for Hong Kong is threatened by a rise in unauthorized Internet betting sites, which avoid paying gambling taxes or royalties to the track, enabling them to offer more attractive odds, said Engelbrecht.
"Online gaming has eroded racing's capacity to ensure it achieves a fair return from all the wagering that takes place,"
Andrew Harding, chief executive officer of Sydney-based Asian Racing Federation, said by telephone.
Some tracks are trying to fight the problem of "free riding" by online bookmakers by linking with race courses in other countries to take bets on each other's races. The system, called commingling, broadens the pool of gamblers the race operators can access, allowing them to offer better odds.
Lost Revenue
Hong Kong's tax regime makes such deals prohibitive because the city doesn't make allowances for double taxation, said Engelbrecht. The jockey club's overseas revenue would be taxed twice -- in the country where the bet was made and in Hong Kong
-- removing any profit. The city's government said in an e- mailed response it is "willing to review the taxation structure for inbound commingling."
Engelbrecht estimates annual revenue for illegal bookmakers from Hong Kong horse races is equivalent to between one-third and 100 percent of the Jockey Club's receipts. That means the government lost at least HK$2.6 billion in revenue, based on the
HK$7.9 billion in racing taxes the club paid in the year ended March 2010.
Growth in the club's racing revenue is failing to keep up with global online betting. Hong Kong's gross racing revenue grew 3.6 percent to $1.5 billion in the year ended June.
Internet gambling last year grew 10.4 percent to $11.9 billion, according to GBGC gambling consultants.
One way to beat the Internet operators is to join them. The jockey club already gets 30 percent of its earnings from online soccer betting and Engelbrecht wants the government to legalize expansion into other sports, such as basketball.
Online Poker
That would help it compete with companies such as London- listed Betfair Group Plc, which takes bets on everything from horse racing in Tampa Bay to online poker.
"It's more and more difficult for Hong Kong to maintain its monopoly and have a thriving business when there are so many competing alternatives out there, both illegal and legal," said Stephen Burn, Betfair's Global Racing Director. "There is a tidal wave of people who want to use the new technology." Burn said Betfair doesn't take bets on Hong Kong horse races.
Many gambling websites are based in locations such as Vanuatu or Curacao where outside authorities are powerless to shut them down. They don't pay racing levies or share revenue with race operators and hence can offer better odds.
"They will always return better money than we do," said Louis Romanet, chairman of the International Federation of Horseracing Authorities, said by telephone. "We have to pay for organization of the races and tax."
Malarial Swamp
Horse racing has been a pastime in Hong Kong since the British drained a malarial swamp to form a racetrack at Happy Valley in 1841. Races have taken place there ever since, except for a few years during the Japanese occupation in 1941-45, according to the jockey club's website.
A second track and clubhouse were built at Sha Tin in 1978 to offer weekend races, including the Cathay Pacific Cup, which has a purse of HK$20 million, more than the $2 million in prize money at the Kentucky Derby. The club was forced to suspend racing for one month in 1992 when a third of the horses were afflicted by equine flu, though none died. Four years later the word "Royal" was dropped from the club name before Britain handed Hong Kong back to China in 1997.
The club's reputation was tarnished when one of the committee of 200 people among its more than 21,000 members allowed to nominate new entrants, was sentenced to two years in jail in June 2009 for taking bribes worth HK$450,000. In December last year, the city's Independent Commission Against Corruption said three other members were under investigation for similar abuses.
Who's Who
Neither the ICAC nor the jockey club would comment on the current case. Engelbrecht said the 2009 case was an exception and "we rely very much on quality control of the 200 voting members made up of a who's who in Hong Kong society."
Those members include billionaires such as billionaires Victor Fung, chairman of Li & Fung Ltd. and Vincent Lo, chairman of Shui On Land Ltd.
The club has retained a reputation for weathering storms.
During the financial crisis, some members transferred a combined
HK$2 billion into their betting accounts (the club doesn't provide credit) from banks "because they trusted us more,"
said Engelbrecht.
That reputation may help the club expand into Internet betting because gamblers take a bigger risk entrusting their money to unregulated sites, said James Hollins, equity analyst at Evolution Group on London.
"In the ideal scenario you have one brand and platform for sports, poker, casino and bingo," said Hollins.
The seeds of the club's future may also have been sown in
1997 with the prospect of a new, much larger market in mainland China, where horse racing is currently illegal.
To attract the swelling ranks of Chinese high rollers, the Hong Kong Jockey Club spent $100 million to build a clubhouse in Beijing where it now has 1,000 non-betting memberships.
"It's important to establish ourselves as a brand," said Engelbrecht. "Ten years ahead, I'm pretty convinced there will be horse racing in China."
--Editors: Adam Majendie, Frank Longid
CNY Raceday Success Continues Saturday at SHA TIN
1yr 3mth ago
DJ. Please explain, if Hong Kong is the hardest place in the WORLD that you have ever handicapped in ,why would do it. Logically you should concentrate on tracks where you can produce your claimed 50% strike rate.
The Cowra Cup
1yr 4mth ago
Is it possible that Gartman is one the best handicappers on this site.
Consider 1.A selection in every race around 16000 selections last year.
2. Win strike rate21%. Profit on turnover -9%
Place strike rate49%. Profit on turnover -3%
3. In simple terms fair odds add to 100%. All horseplayers are playing in a game with the
odds unfair against them by about 17%. Profit on turnover of -9% and -3% are potential
winning plays .
4. Results for the computer generated Unitab selections for last year are.
16071 races 3724 wins, strike rate 23% .Profit on turnover -14.7%
16071 races 7950 places ,strike rate 49%. Profit on turnover-13.8%.
5. Can any other handicapper on this site equal his performance over a year?.
Any suggestions.
Consider 1.A selection in every race around 16000 selections last year.
2. Win strike rate21%. Profit on turnover -9%
Place strike rate49%. Profit on turnover -3%
3. In simple terms fair odds add to 100%. All horseplayers are playing in a game with the
odds unfair against them by about 17%. Profit on turnover of -9% and -3% are potential
winning plays .
4. Results for the computer generated Unitab selections for last year are.
16071 races 3724 wins, strike rate 23% .Profit on turnover -14.7%
16071 races 7950 places ,strike rate 49%. Profit on turnover-13.8%.
5. Can any other handicapper on this site equal his performance over a year?.
Any suggestions.
11 RACES THIS SATURDAY : NEW YEARS DAY AT SHA TIN
1yr 4mth ago
In 2008 when DJ was doing his self promotion in the general discussion section i posted a simple reply.
'' surely this post should be in the promote your tips section''.My post was deleted by management .The post by DJ .remained, go figure .
'' surely this post should be in the promote your tips section''.My post was deleted by management .The post by DJ .remained, go figure .
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