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Old 28th June 2012, 11:45 AM
norisk norisk is offline
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Default NSW Prizemoney increase - class elevation?

Just wanted to throw an idea out there –

I currently don't bet on most NSW country meetings (Tatts race code 'CR') as, along with South Australia & some Queensland 'QR' meetings, I have never been able to generate positive returns out of any of the systems/methods I run which I have always put down to the lower class of these meetings - the saying 'pay peanuts, get monkeys' is how I look at it.

Now from July prizemoney increases for all NSW racing comes into effect & there has been plenty of talk around the traps that owners & trainers from other areas will look to take advantage & send their better horses to some of these NSW meetings.

So I am hypothesising that –

a) along with ‘NR’ meetings, we will see a spike in the quality of many 'CR' meetings &

b) a corresponding decrease in the quality of southern Queensland provincial/country meetings.


I am unsure of the effect on some Victorian meetings as I haven’t heard of any plans to increase prizemoney there yet, & until both QLD & VIC do so I suspect that results in these states might get a bit ‘wobbly’ for a while.

What I am hoping is that these 'CR' meetings will become viable prospect for my approaches & as such will be keeping a close watch on these meetings for the next 6 months or so, as well as closely monitoring results from the VIC & QLD meetings I currently bet on.

Thought?
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Last edited by norisk : 28th June 2012 at 11:48 AM.
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Old 28th June 2012, 12:17 PM
garyf garyf is offline
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Default

And another snippet re this issue.



Clinton Payne
28/06/2012
Queensland cash in on NSW’s High Court win

Racing Queensland has announced their Race Information Fees for the 2012-13 racing season which will see most bookmakers paying a premium for turnover on the Queensland winter carnival next year.

The racing administrator has implemented what it calls the "Net Assessable Turnover model”.

The Net Assessable Turnover model will see wagering operators pay 1 percent for the first $5 million of annual wagering turnover. If turnover is greater than $5 million the fee will increase to 1.5 percent and 2 percent for its premium product during the months of May and June, provided more than $5 million is turned over.

Racing Queensland is also giving wagering operators the option to elect a gross revenue model.

If they are to take up that option they will pay 20 percent of their gross revenue. If a bookmaker takes up that option it would be a requirement that the fee payable is greater than the "Race Information Fees” paid, or would have been paid, in the previous financial year under the Net Assessable Turnover model

Cheers.
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