Management's 'Best Tote' thread

[shoto]

Are Austote's quoted figures after their takeout has been calculated?

I'm all for Austote and it's attempt to offer a fairer deal, but their habit of comparing TAB final dividends with their own dividends - before the takeout is deducted - is misleading. What you see is not what you get, therefore the comparisons are deceptive.

It's a pity - someone offering a better deal and shooting themselves in the foot in the way they present themselves.
-----------------------------------------

Shoto,
Please Note:
The comparisons on this site were made by us, not AusTOTE.

We are checking with AusTOTE the basis of their past declared dividends. We assumed they included a deduction.

If they do not include a deduction then we will make the adjustment when we compare odds.

However, logic must tell us that if 95% of the pool is returned to punters then the dividends MUST BE consistently better than if only around 85% of the pool is returned to punters.

Put simply, if there is $1000 bet on a race and $950 is returned to punters the dividends will be consistently better than if only $850 is returned to punters.
Management.

<font size=-1>[ This Message was edited by: Management on 2004-09-16 15:52 ]</font>

<font size=-1>[ This Message was edited by: shoto on 2004-09-16 16:21 ]</font>

[noel]

what i can't understand is how it works.....is this really the norfolk island tab??....if so with pools so small divvies will get very distorted ....

cheers,
noel

[Chrome Prince]

The pools are growing quite well and also the number of meetings being covered.

The average pool on a country race is now up to around $6,000 per race.

[Management]

If AusTOTE take out only 2% to 5% of the tote win pool, it stands to reason that most of their dividends will be significantly better than any tote that takes out around 15% of the pool.

95% to 98% of the amount bet on a race returned to punters in dividends MUST consistently be better than just 85% of the amount bet on a race returned to punters. That is just simple maths.

[shoto]

Management - I couldn't agree more. I just think they are not helping their cause for the reason I outlined.

[Management]

Why should punters be left with only 85% of the pool just so the TABs can maintain huge profits?

Get 95% to 98% of the pool returned!

This is a safe and legitimate alternative for punters who are fed up with paying substantial commissions to totalisators.

The differences are staggering.
To find out how you can get much better tote odds:
<a href="http://www.austote.com/?ID=4757" target="_blank">[b]Click here

[partypooper]

Sounds like good stuff to me but I have to admit I'm confused.


Can anyone tell me what the divis were for last Sat. on Austote for PR 1-4 pr6-2 and PR 8-4, I mean the divis AFTER commisions or whatever it's called,
by way of a comparison

[Freak]

Hi there PP. In answer to your question re Belmont last week R1-4 paid $2.05 R6-2 paid $2.80 and R8-4 paid $4.05 as against $2.10, $2.60 and $3.40 on the tote on the big V

[Management]

AusTOTE's past dividends on their site are before their maximum 5% deduction.

So if AusTOTE have a past dividend of $4.00 on their site, with 5% commission that would become a dividend of $3.80.

On a tote that takes out 15% what you would see would be a dividend of just $3.40 if it was to pay $4.00 before the tote's commission.

AusTOTE also have various ways of rewarding punters - that is why a commission as low as just 2% is possible.

To find out how you can get much better tote odds:
<a href="http://www.austote.com/?ID=4757" target="_blank">[b]Click here

[shoto]

That simply makes my point - what you see is not what you get. They should in good conscience show the dividend the punter actually receives after the 5% commission, and note if they wish that you could do even better by betting early, or state clearly that the dividend shown is before the commission has been deducted.

By any reasonable judgement, comparing after-takeout TAB dividends with pre-takeout Austote dividends (and not stating this implicitly) is misleading and not a true comparison.

(I'm all for Austote and the better deal that they offer - this issue is raised as a constructive criticism, because it puts more than a few people off.)

<font size=-1>[ This Message was edited by: shoto on 2004-09-18 10:54 ]</font>

[partypooper]

Freak, thanks for that, $9.90 as against $8.10, but is that b4 commision or after, and in fact I use iether best fluc OR maxi divi. So it's not quite as easy as that. eg.
Lets say after a deduction of 15% (from the pool) we actually receive a divi of say $3, as aginst a MUCH better deal whereby we recieve after only a 2% deduction (from the pool) $2.80c.

I ask you,.... which DIVI would you prefer?????? $3 where you are being ripped off (really) OR $2.80 where you are getting a GREAT deal????

[Hammers]

Do they round down after the 5% take?

If so, take a horse at 2.09. 5% commission brings it into 1.9855, rounded down to 1.90.

With pools so small you would have to pray a decent sized punter is not backing the horse you are.

Fixed price is the only way to go.