New Posts For Thread: ........Kevin Blakes Article in Todays Field......https://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-fieldRe betting tax , several tweets suggesting punters will revolt and go elsewhere ..Maybe even underground , it begs the question , what value do they put on the betting man and his contribution ..Zilch seems to be the answer ..Punters are not represenwe agree Wildman but what makes this all futile is that, knowing the Tote markets are very imperfect, you cannot rely on the machine to reward a bit of shrewdness-markets too illiquid, unpredictable and god knows what else. I think the 1/50 dividendshttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540712515#540712515we agree Wildman but what makes this all futile is that, knowing the Tote markets are very imperfect, you cannot rely on the machine to reward a bit of shrewdness-markets too illiquid, unpredictable and god knows what else. I think the 1/50 dividendsThu, 31 Jul 2014 07:37:05 -0500Its a recurring theme to me ( definitely not a criticism) that people with a knowledge of form and betting markets always assume that others have the same in my experience they don't.The vast majority of punters in Galway are recreational ones,they ahttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540712299#540712299Its a recurring theme to me ( definitely not a criticism) that people with a knowledge of form and betting markets always assume that others have the same in my experience they don't.The vast majority of punters in Galway are recreational ones,they aThu, 31 Jul 2014 07:11:14 -0500You would be way more knowledgeable than me in regards the workings of it R A,I haven,t looked at a tote return in ages,that jackpot stunt seems to me to be a half measure of desperation,not ideal to be putting itself in that position. But then as ihttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540711899#540711899You would be way more knowledgeable than me in regards the workings of it R A,I haven,t looked at a tote return in ages,that jackpot stunt seems to me to be a half measure of desperation,not ideal to be putting itself in that position. But then as iThu, 31 Jul 2014 06:35:07 -0500pa, if i'm correct in my assumptions the Tote guaranteed €200k in the Pick6 yesterday in a pool that wasn't won and just €36k is carried forward today into a €100k guarantee. The Tote were facing a loss of well over €100k if the pool had beenhttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540711707#540711707pa, if i'm correct in my assumptions the Tote guaranteed €200k in the Pick6 yesterday in a pool that wasn't won and just €36k is carried forward today into a €100k guarantee. The Tote were facing a loss of well over €100k if the pool had beenThu, 31 Jul 2014 06:20:05 -0500Every foal , yearling , horse in training sold , should pay a percentage maybe 1% ..That would be sure to bring in a healthy amount ..As has been said already , punters are sick to the teeth of paying for something where they have no say in how THEIhttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540711457#540711457Every foal , yearling , horse in training sold , should pay a percentage maybe 1% ..That would be sure to bring in a healthy amount ..As has been said already , punters are sick to the teeth of paying for something where they have no say in how THEIThu, 31 Jul 2014 06:01:52 -0500The books would hardly absorb the extra 1.5%,hard to blame them and would probably result in even tighter books. I can't see the fairness of the tax being implemented on events outside Ireland if the tax is in response to raising revenue for Irish rahttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540711441#540711441The books would hardly absorb the extra 1.5%,hard to blame them and would probably result in even tighter books. I can't see the fairness of the tax being implemented on events outside Ireland if the tax is in response to raising revenue for Irish raThu, 31 Jul 2014 06:00:10 -0500You are correct in arguing your corner and naturally you don't want to lose your edge but most punters don't think that way,which is probably why they are asked to pay all the time.Royal Academy has some interesting points on funding for racing,tax shttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540711335#540711335You are correct in arguing your corner and naturally you don't want to lose your edge but most punters don't think that way,which is probably why they are asked to pay all the time.Royal Academy has some interesting points on funding for racing,tax sThu, 31 Jul 2014 05:49:32 -0500Fair enough.I think the reason punters pay the commission on here is because of the % book being in their favour.It gives the punter a chance of profit/break even.The average punter has no chance with the bookmakers margin and if you charge the puntehttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540711167#540711167Fair enough.I think the reason punters pay the commission on here is because of the % book being in their favour.It gives the punter a chance of profit/break even.The average punter has no chance with the bookmakers margin and if you charge the punteThu, 31 Jul 2014 05:30:59 -0500I am not dismissing your point at all,its a valid one I was just making the comment that punters accept deductions here but as they don't consider it tax they don't seem to mind.You are also correct in assuming I didn't avail of the theoretical percehttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540711103#540711103I am not dismissing your point at all,its a valid one I was just making the comment that punters accept deductions here but as they don't consider it tax they don't seem to mind.You are also correct in assuming I didn't avail of the theoretical perceThu, 31 Jul 2014 05:24:53 -0500The 5% commission does not operate in the same manner as the old betting tax.If you have a winner here you pay commission on the winnings.Therefore €100 at 2.0 wins 100 and you pay €5.In the old system you paid the tax on the total returns not thhttps://community.betfair.com/irish_sports/go/thread/view/94110/30313513/kevin-blakes-article-in-todays-field?post_id=540710911#540710911The 5% commission does not operate in the same manner as the old betting tax.If you have a winner here you pay commission on the winnings.Therefore €100 at 2.0 wins 100 and you pay €5.In the old system you paid the tax on the total returns not thThu, 31 Jul 2014 05:03:16 -0500