Forums

General Betting

There is currently 1 person viewing this thread.
These 198 comments are related to the topic:
whos idea is decimal odds trash

Post your reply

Text Format: Table: Smilies:
Forum does not support HTML
Insert Photo
Cancel
Page 4 of 5  •  Previous | 1 | 2 | 3 | 4 | 5 | Next
sort by:
Show
per page
Replies: 198
By:
cantwinwontwin
When: 07 Jan 10 15:44
Personally as an ordinary punter the main points that would make me go racing are:

1) Entrance price, if you are going to go with a group of friends of which half are probably not gamblers but want a small punt on each race (eg £2 or £3's) then the do not want to spend the equivalent of half their betting money getting in. I like a punt as do a few of my mates, but we prefer to go with the other halves who do not want to pay £10 - £15 to go somewhere that "is not there cup of tea"
2) Good service, with 30 minutes between races you want to be able to pick up your winnings ;-), put on your bet and be able to get a drink, not queue up for the whole 30 minutes to get a drink because there are only 2 staff on.
3) reasonable priced food and drink, you wnat them but not to eat into your gambling money.

4) Not to be screwed with 1/6th the odds on eachway bets on 12 runner handicaps!!

5) Decimal pricing is not an issue for me, but I can see how it would benifit newcomers when punting for the first time, my missus would understand alot more 3.0 means you get back £3 if you bet £1, and surely these are the people that you need returning to bring attendances up, the die hard punters would bet if you put it in heiroglyphics!!

6) other activities for non punters, Take the Derby this year, no funfair for the first time in over 100 years to make way for a car park for the corporates, the same people who will only go once a year. Have a few side shows to keep the WAGs happy and you have a nice earner there too.

Just my humble opinion, hope this helps from an occasional attendee.
By:
sickoflayinwinners
When: 07 Jan 10 15:51
there we have it from excuse the pun "the horses mouth" the above poster is thekinda person we are talking about i.e occassional racegoer. hes not bothered about decimal odds ,he wants reasonably priced entrance and decent faccilities, weve added maybe some family sideshows and thats the best we can do.
By:
kenilworth
When: 07 Jan 10 17:03
yoyo, Royal Ascot ? Where they come up and ask for a £5ew on a 6/4 shot and offer you a fiver? Ask Barry Dennis about Ascot. We are talking about betting on horses at the races, not Royal Ascot. That's completely different. and has nothing to with betting. lol.
By:
CJ
When: 07 Jan 10 18:25
Robin, you sound like you don't even like horse racing calling it a poor excuse for gambling. You're wrong, end of, and the Towcester model proves it.

Compare Towcester with Wawick, a few miles apart but similar fayre on offer, one £18 entrance, one free...giving the choice which fixture would you take the family too?
By:
CJ
When: 07 Jan 10 18:28
...and for Big Mac to claim that the racing public are put off by racings quirkiness, that's a bit rich from someone who's fame stems from being a career eccentric.
By:
Robin Ewe
When: 07 Jan 10 18:44
the towcester model proves if you make something free then yes people will attend. Not exactly a great advert for racing though is it - the only way they can get people through the doors is by not charging! Its probably not particularly commerically viable either otherwise every other racecourse would have adopted it.
By:
CJ
When: 07 Jan 10 19:24
Of course Towcester is an extreme model, but simple economics of price and demand tells you that even a small increase will encourage race goers. Larger attendances, means increased revenue for bookmakers, bars, eateries. Courses need to stop using entrance fees as their sole source of income.

Racing is as good a day out as there is, but the general public are increasingly looking for value for money, which racing isn't offering.

On New Years day at Cheltenham, tatts was £25 to get in if you indeed could, there was 1 cash til at a main entrance, one for cardsl, and at least 2 thousand people were queueing outside. Inside, every bar had endless queues, each food stand had long queues, and it was impossible to sit down anywhere without another charge. How many of those once or twice a year punters will go back next new year?
By:
taximan
When: 07 Jan 10 19:31
Here's the solution to the crisis that is hitting the On-Course Game

1)...Over priced admission.

2)...Over priced food stalls

3)...Some on-course books,taking the p1ss with 1/6th or even 1/8th of odds

4)...Area's for book's + punters when the weather is not to pleasant

5)...l think some of the prices do need adjusting..ie: get rid of things ending in 4 + 8,all prices being something to 5 if odds against.ie: 11/5 instead 9/4,and if odds on something to 10,ie: 9/10 instead 10/11.+ 7/10 instead of 8/11 etc

6)...l suppose the reason admission + food is so expensive could be the dreaded business tax the greedy government inflict on businesses these days,so if the courses charge the food stalls over the odds ,only one thing is going to happen,the expense is going to be pass on to the punter

7).. Less racing..to many like for like meetings,better race meeting planningie:,dont have sandown +lingfield racing on the same day,stupid dont you think.Dont worry what the so-called big 3 say,they rather take bets on cartoon racing,and the dreaded F.O.B.Ts
By:
taximan
When: 07 Jan 10 19:35
Oh l forgot...........get rid of the simpleton who thought up the idea of decimal odds ,as JimRoyle would say 2.2 my @rse
By:
Zola's Back Heel
When: 07 Jan 10 19:39
"I like the racing. I like the majesty of the animals doing what they're bred to do.
I just can't be arsed with all the uppity **e that goes with attending the courses."

Unfortunately that (misplaced) opinion is fairly common among people I talk to.

However the main meetings throughout the year don't do much to dispell the myth that its a toffs sport and not for the great unwashed (unless they are happy to be segregated and looked down on).

This is to the detriment of the bread and butter meetings.
By:
Zola's Back Heel
When: 07 Jan 10 19:41
Inability to change only enforces this view.
By:
Lori
When: 07 Jan 10 19:57
There are 10 sorts of people who understand Binaries. Those who do and those who don't.
By:
Robin Wonder
When: 07 Jan 10 20:45
The problem I'm afraid is the decline in education. Everyone should be taught decimals and fractions.
What next? Shall I cut this pie into quarters or 0.25's ffs!!
By:
Robin Wonder
When: 07 Jan 10 20:48
As regards admission to racecourses - Towcester seem to be doing ok.
By:
LBC213
When: 07 Jan 10 21:54
decimals are the way of the future as I see it. What is the point in fractions? Am I missing something or is it because some people are just attatched to it? How long will it take to work out an accumulator bet that is in fractions compared to decimals?
By:
Pleasegivemeanailedontip
When: 07 Jan 10 22:52
The racing for change people seem to think that 'dumbing-down' is the way forward. Easier to understand odds, easier to understand terms. One of the best things about racing (and gambling on) is the depth of the sport and that you can study it for a lifetime and keep learning new things about it. If you can hook people to take a look at the sport first of all - hold them with some characters - then the depth and nuances and strange fractions will keep people coming back for years.

I agree with someone else on here who said that RFC need to concentrate on RACING. Organise some knock-out competitions or a league or something. Then promote characters in the game - horses and jocks (discourage retiring 3yr old champions on the flat).

The sport doesn't need massive change - it just needs to promote it's best aspects
By:
Pleasegivemeanailedontip
When: 07 Jan 10 22:54
The racing for change people seem to think that 'dumbing-down' is the way forward. Easier to understand odds, easier to understand terms. One of the best things about racing (and gambling on) is the depth of the sport and that you can study it for a lifetime and keep learning new things about it. If you can hook people to take a look at the sport first of all - hold them with some characters - then the depth and nuances and strange fractions will keep people coming back for years.

I agree with someone else on here who said that RFC need to concentrate on RACING. Organise some knock-out competitions or a league or something. Then promote characters in the game - horses and jocks (discourage retiring 3yr old champions on the flat).

The sport doesn't need massive change - it just needs to promote it's best aspects
By:
REPORTED^
When: 08 Jan 10 01:12
Got to admit how many under 35's ask for 100/16 or 100/12, very few id say. Its all the old timers

you would get more people to bet in decimals. get 2 complete novices
Show person 1 how to work out a bet at fractional odds,
Show person 2 how to work out at decimal odds
ask person 1 how to settle you a different bet at fractional odds
ask person 2 to settle you a different bet at decimal odds

Id be very surprised if person 1 did as well as person 2 on fist attempts

no novice get something like £10@8/13 unless they are sharpish at maths, but decimals simples
By:
kenilworth
When: 08 Jan 10 08:24
A pound at 1.55 doesn't have to be worked out,
a pound at 4/7 does. It's not a argument.
By:
CurlyBlues
When: 08 Jan 10 08:28
Even someone "sharpish" at maths probably wouldn't be able to divide by 13 easily and regularly. Whether the average person would be able to multiply non multiples of 10 by 1.62 is probably just as debatable.
By:
[x] These checkboxes suck
When: 08 Jan 10 08:37
REPORTED^ 08 Jan 02:12
Got to admit how many under 35's ask for 100/16 or 100/12, very few id say. Its all the old timers


I ALWAYS ask for the bits
By:
kenilworth
When: 08 Jan 10 08:51
What the bookmakers expect punters to do today, is probably what they couldn't face doing themselves in 1971, that is converting. They, as a group, didn't want to work out the decimal equivelent to the archaic prices they work to, especially the odds on chances. All they had to do with them was reverse the odds against prices, I've even seen 40/85 on the occasional board, get your head round that !! Even at the moment bookmakers use 2/5, and 4/5 but not 3/5. They also use 6/5, but not 7/5, 8/5 or 9/5. Why? Because they dont want to. Perhaps some of them don't know which is biggest 13/8 or 8/5.
By:
Treble_Underscore
When: 08 Jan 10 09:15
Pleasegivemeanailedontip 07 Jan 23:52
The racing for change people seem to think that 'dumbing-down' is the way forward. Easier to understand odds, easier to understand terms.

But it is the way forward - its the only way forward. The problem is, IMO, that as betfair and exchange business gets bigger and bigger, without the dumb on-course bookmaking has no future. As soon as you realise the simple fact that 99% of racecourse bookmakers these days are just middlemanning, and offering you 5/2 when 11/4 is available in volume, you might well be inclined not to bet with them. The "mystique" around being a bookmaker is vanishing rapidly. The decimal odds system will just make it more transparent that they are simply taking the current market price and shaving off a margin, and hedging as and where it suits them as they please (in the vast majority of cases)

The sport doesn't need massive change - it just needs to promote it's best aspects

But the problem is, what do you promote? That the game is riddled with corruption? That without hundreds of murky betting practices that go on each day, the game wouldn't even exist in anywhere near its current form?
By:
Lay Low
When: 08 Jan 10 10:47
Are we just guessing the Racing for Change is proposing the betfair system. Every newspaper I have read say that they are simply decimalising the fractional odds e.g 5/2 changes to 2.5/1. This messes up the suggestion that they are bringing bookmakers in line with the Tote and the Exchanges. This should not be a big problem for the on-course bookmakers. My local newspaper has told me that they just used the information on Racing for Changes press release. The Daily Mail has used exactly the same example.
http://www.dailymail.co.uk/sport/racing/article-1240605/Racing-makes-decimal-point-traditional-betting-faces-chop.html?ITO=1490

Has anyone got any information directly from Racing for Change?
By:
brendanuk1
When: 08 Jan 10 10:56
would be to simple for them to use a recognised format
By:
Lori
When: 08 Jan 10 10:59
The Times and The Guardian online have it as the betfair system

http://times.cluster.newsint.co.uk/tol/sport/racing/article6975963.ece

http://www.guardian.co.uk/sport/2010/jan/05/betting-decimal-odds-racing-for-change
By:
Lori
When: 08 Jan 10 11:03
This claims to be a copy of the initial release and they only mention "decimal" with no examples that I can see on a quick scan through. To me Decimal is the European (betfair ) system , but anything's possible of course.

http://www.ors-racing.co.uk/RacingForChange1.html
By:
brendanuk1
When: 08 Jan 10 11:09
http://www.independent.co.uk/sport/racing/bookies-odds-make-way-for-decimalised-age-1858700.html

Between 2-1 and 3-1, traditional starting prices will tend to be returned only in fractions of 9-4, 5-2 or 11-4. Decimal returns would express these as 2.25-1, 2.5-1 and 2.75-1 but would potentially offer many shades in between.

McCririck predicts that bookmakers will slow down any easing in the odds as a result.
By:
Sandown
When: 08 Jan 10 11:15
Whether or not fractional odds is a barrier to young people going racing is easily answered through proper market research using a large sample of people.

On a sample of 2 people who I know in depth - my own children who are now in their 30's - and who have been exposed to their father's passion for horse racing all their lives, have been taken to many meetings including the Arc and the Breeders Cup, I would say that their lack of interest in going racing or betting come to that has absolutely zero to do with archaic fractional odds.

Any change to decimal odds would have the effect of a single bucket of grit spread over all the snowed up roads in Britain, in changing their behaviour or interest in racing or even sport generally.

People either have an interest or they don't and I'm afraid that no amount of wishful thinking and positive action is going to change that. Years of working in the mass persuasion business taught me that you can waste an awful lot of time and money pi****g in the wind on a wish list. You are always much better off focussing on those that are already predisposed towards something. The RFC people are too afraid to lose their fees or too dumb to recognise this.
By:
Lay Low
When: 08 Jan 10 11:15
Looks like they are having trouble getting their message across

Until they do, I can't see how this thread can progress.
By:
dogwalker
When: 08 Jan 10 11:34
Personally I don't care what form the odds are offered in. I stopped going racing regularly when the off course tax was abolished. That meant two sets of expenses disappeared at the same time. When I did go I found it very poor value for money and I can see from this thread that nothing has changed.
I still go regularly to the dogs and because I do, I get in for the price of a racecard. If it cost the same price to go racing I would return. Its that simple!
By:
Sandown
When: 08 Jan 10 11:41
The RFC people would be better off looking at the reasons why people STOP going racing/betting on horses rather than what needs to change to encourage to go/bet in the first place.

Responses to this thread alone would give most of the reasons, I suspect.
By:
zilzal1
When: 08 Jan 10 11:46
Think that a point has been missed about younger people and betting on horses. All the younger ones i know who have a bet on Poker, Football and other sporting events but shun racing do so for a reason, Its called integrity, most of them who i have spoken to are of the overriding opinion that its**and a sport for insiders.

You only have to look at the plethora of misleading information given by our clerks to see how incompetent the sport is, and as for clamping down on the corruption etc, well lets say thta racing doesnt want to change.
And it doesnt want to give information out, look at the stats you can get in the states, re sectional timing, track variants etc and then look at the way that racing is presented over here on the television

And if you think that the powers to be wont use decimalisation to round down price "In order to simplify things" and 4/6 becomes 1.6 and 4/7 becomes 1.5 you didnt live through the rip off on 1971 when we saw what happened when the currency was altered, it happened again when i was living abroad when the Euro came into force.

It will just hasten a industry sp(just to simplify things LOL)
By:
Treble_Underscore
When: 08 Jan 10 12:48
Quite right the points above about going racing though - it constantly feels like a ripoff and no-one enjoys getting ripped off.

Bad beer, poor service, extortionate entry prices (Towcester aside), monopoly on poor quality food trying to squeeze you for every last penny. Average punter would need a couple of right touches to even pay for the day out.

But surely every race track is free to try something else themselves in this area (not to do with RFC) and no sensible business charges 4.50 for something which they make 3.50 on and sell 10 of, when they could sell for £3 and sell 100 and made £2 on each? Or do they?
By:
kenilworth
When: 08 Jan 10 16:08
When I go racing I carry a sandwich plus a couple of pieces of fruit, and spend practically nothing on course, simply because I resent paying the extortionate prices charged.
By:
zilzal1
When: 08 Jan 10 16:15
Whereas when i worked at Belmont Park in Perth the food and drink was reasonably priced, they even used to have "Dollar" days midweek where admission, a beer and either a small Burger or Sandwich were a Dollar each
By:
kenilworth
When: 08 Jan 10 17:36
I took my lady to Towcester quite recently and had to pay £8 for a burger and ***** consolation though, entrance was free.
By:
yoyo
When: 08 Jan 10 18:21
kenil takes his own sandwiches or treats his lady to burger and *****

shouldn't be allowed to have an opinion about anything
By:
kenilworth
When: 08 Jan 10 18:53
She finds it edible, I don't. Yoyo, the only reason you have for denying me an opinion is that it doesn't suit you. You deal with 2000 punters at Ascot ? Dream on.
By:
sickoflayinwinners
When: 08 Jan 10 18:58
kenil, as you say the entrance was free so u didnt resent 8 quid for entry and burger n *****, that very good value.
Page 4 of 5  •  Previous | 1 | 2 | 3 | 4 | 5 | Next
sort by:
Show
per page

Post your reply

Text Format: Table: Smilies:
Forum does not support HTML
Insert Photo
Cancel
‹ back to topics
www.betfair.com