New Posts For Thread: Knock out punch for Australian racing exchangehttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchangeCame across this article and thought it may be of some interest to the BF ForumIn many countries around the world the “betting exchange product” still doesn’t sit well with the powers to be. Even in Australia where it has been licensed for 7 ye30% of gross revenue.....sounds like the Racing industries version of the Premium Charge :phttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539491053#53949105330% of gross revenue.....sounds like the Racing industries version of the Premium Charge :pWed, 21 May 2014 03:41:23 -0500not sure how many made the money back at stud or the sales but there are some very big bets being placed that have very little chance of winninghttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539461879#539461879not sure how many made the money back at stud or the sales but there are some very big bets being placed that have very little chance of winningSun, 18 May 2014 17:13:27 -0500I suppose that's why it's called the "sport of kings"https://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539455925#539455925I suppose that's why it's called the "sport of kings"Sun, 18 May 2014 09:53:07 -0500very interesting stats palhttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539449885#539449885very interesting stats palSat, 17 May 2014 21:30:28 -0500i saw a stat about a month ago that showed it for the farce it is - something like 1 out of 150 or something million dollar yearlings went on to win that back on the trackthey system is brokeni try Thebas, I tryhttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539449777#539449777i saw a stat about a month ago that showed it for the farce it is - something like 1 out of 150 or something million dollar yearlings went on to win that back on the trackthey system is brokeni try Thebas, I trySat, 17 May 2014 21:09:40 -0500the breeding industry .. which from certain chairmen down ... is designed to inflate the price of stallion services and "potential" payoutsthose payouts might NOT eventuate .. but without dangling multi-million dollar payouts ... then NO sale ring wohttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539449759#539449759the breeding industry .. which from certain chairmen down ... is designed to inflate the price of stallion services and "potential" payoutsthose payouts might NOT eventuate .. but without dangling multi-million dollar payouts ... then NO sale ring woSat, 17 May 2014 21:02:24 -0500i hear ya Thebas - looking after the elite, screwing the little guyhttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539449731#539449731i hear ya Thebas - looking after the elite, screwing the little guySat, 17 May 2014 20:56:52 -0500it is getting crazyand none of it (the %) gets to rank & file players in the wonderful sport of horseracingits all to pay for the excessive one-off lottery payouts to the Group winnerstalk about the rich getting richer .. nothing but to bolster a reahttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539449695#539449695it is getting crazyand none of it (the %) gets to rank & file players in the wonderful sport of horseracingits all to pay for the excessive one-off lottery payouts to the Group winnerstalk about the rich getting richer .. nothing but to bolster a reaSat, 17 May 2014 20:49:34 -0500The exchange will pay on gross profit I guess but 30% is getting a bit crazyI agree though, they should stop fielding on the state with the worst fees and see how long it is before they are begging for them to come backhttps://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539449677#539449677The exchange will pay on gross profit I guess but 30% is getting a bit crazyI agree though, they should stop fielding on the state with the worst fees and see how long it is before they are begging for them to come backSat, 17 May 2014 20:43:40 -0500Racing bodies seem to think the only way to maintain revenue is raise the takeout rate. I guess they don't consider turnover/volume will go down.https://community.betfair.com/australian/go/thread/view/93998/30255107/knock-out-punch-for-australian-racing-exchange?post_id=539435391#539435391Racing bodies seem to think the only way to maintain revenue is raise the takeout rate. I guess they don't consider turnover/volume will go down.Sat, 17 May 2014 01:10:38 -0500