I actually don't have a major issue with taking 1/5th on these big handicaps when you consider that the top half of the market is very competitive on the win portion in comparison to what you'd get here after commission..and the relationship between the win and place markets on here often translate to 1/5 anyway.  But 1/6 is totally out of order. I think bookmakers should be given a choice; either bet the EW terms set-out by the tracks on the day of racing..or bet win only. The Each Way terms could be fixed by the ring manager when the pitches are done, based on the general 'feel' of the market at that time....a similar mechanism to how the SP deductions for a withdrawn horse works.

I think some of the bookmakers contributing to this thread actually underestimate the awareness of the punter. Most of the punters I've encountered who bet with any semblance of 'weight' do actually have an appreciation of the EW terms on offer. I'd imagine Hazzell's turnover was definitely (negatively) impacted by going 1/6th. His boy on the stool was getting increasingly desperately....

I've asked this question on a previous thread but never got a reply. What % of your take is for a place ?  I bet it's not 20%.  As a to win  punter, I want the best win price and the books going a 1/6, 1/7 etc do  generally, have the best prices.  If books are forced to lay standard terms, then it seems to me that the win only punter will lose out.

red lorry' for my own benefit i have just tallied up my hedging business from my last 10 days work from my "meeting summary printout" stakes received £53214 total hedging/exchange £2330 i make that approx 4% of my field that i have hedged so i find your figures miles off the mark well certainly in my case.

flashy
the example was purely 4 the likes of bdh and bonkers
would think "traditional"bookies like your goodself are a lot less than 10% of their take
cheers

adgy

think our best guestimates must be very similar re above figures

my earlier comments were to highlight how important the place book is depending on the type of bookmaker :

1] your goodself treats it like a betting shop [excluding the FOBT] taking what comes and may /may not have the favourite as a loser ~ u will probably hedge very little

2] flashy is more traditional and will probably hedge between 5 and 10% of his take as he attempts to make a conventional book ~ in both scenarios the place hold is approx 15/20% of the net hold

3] others may get rid of 40/50% of their take and concentrate on making the place hold maybe 40% or more of what they are holding so it is crucial they maximise their place terms hence the bad press currently being generated

4] others try to green up and hedge 50%+ and don't really give a monkeys cos they will when every race HOWEVER whether or not they win enough every race to cover their fixed and variable costs is another story ~ some do , some are incapable ,some tell porky pies

it is from the advanced course, section 3 sub-section 4

there will be a practical session taking place on saturday at haydock at quite a reasonable fee I may add 4 those interested in becoming a better bookie

Many thanks.

went to fakenham today, first time since 1992 ....bet / worked near that new chap s..... j.....    He agreed to bet sensible and even suggested a higher margin.First time i've really spoke/liased with him ....maybe there is a future after all.
    Bigger than s.p. available all winners , so before the uneducated have a squeal no fleecing took place just common sense for a change.
   And had free entertainment with not only the great Thommo but the legend that is CASHLESS

rlyl did you get anywhere with that portable tablet gaming fobt for your joint,have you applied for the licence yet.

Not leading from the front at hexham rlyl?

in transit almost as we speak
just diverted chesh from warwick so he can bet in front of us