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30 Jan 13
10:45
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21 Jan 05
Those figures are scary but a 65% (€282m-€98.4m)drop in on course turnover over 5 years is unbelievable. Whilst a lot of factors can be contributed to that (economy etc) the boys on course can take a large portion of the blame for that.
Why if you were at say Navan on a Sunday would you take 7/4 on course when you get 2/1, 9/4 elsewhere on a free phone number Whilst I’d admit it hard to compete for these boys betting to 140% etc each race will be the final nail on course
I'd also point out that at these recent all weather meetings in the UK were there are only 5/6 bookies been hammered by the off course bookies to shorten markets up there does be uproar if there a race bet to 130% etc but the sad thing is its an everyday occurrence in Irish racing
Why if you were at say Navan on a Sunday would you take 7/4 on course when you get 2/1, 9/4 elsewhere on a free phone number Whilst I’d admit it hard to compete for these boys betting to 140% etc each race will be the final nail on course
I'd also point out that at these recent all weather meetings in the UK were there are only 5/6 bookies been hammered by the off course bookies to shorten markets up there does be uproar if there a race bet to 130% etc but the sad thing is its an everyday occurrence in Irish racing
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They drove the punters away also how much of that 282 million was faithful money.
The converse is to say that today's turnover was 186% higher five years ago-no surprise there with lots of easy cash around. Of today's figure how much is from off-course bookies, how much from Betfair, how much is being laundered and how much is double-counted? There's hardly a living for any on-course bookmaker i suspect.
The era of on-course betting is dead until an alternative technological product is offered and racecourses provide very modern services to the sport's lifeblood, punters. This seems very far away as HRI is a mess of pottage being both myopic and ruled by sectional interests that will never pull together for the greater good.
Roddy Ryan, former head of Arthur Andersen, financial whizz in our industrial complex, vice-chair in HRI and chief steward makes a momentous speech two weeks ago that amounts to the usual squeak: "Please sir, Mr Minister, can we have some more?"
The era of on-course betting is dead until an alternative technological product is offered and racecourses provide very modern services to the sport's lifeblood, punters. This seems very far away as HRI is a mess of pottage being both myopic and ruled by sectional interests that will never pull together for the greater good.
Roddy Ryan, former head of Arthur Andersen, financial whizz in our industrial complex, vice-chair in HRI and chief steward makes a momentous speech two weeks ago that amounts to the usual squeak: "Please sir, Mr Minister, can we have some more?"
The punters still turn up WMFB. The only difference from 5 yrs ago is that the big hitters have their smart phones with them.
These are only the 6 months figures, its now virtually february, and so inept are they they can't come to an annual figure, and nothing about how they dispensed with the annual goverment gift?.
Just figures, not a sign of an audit?
Just figures, not a sign of an audit?
I only really go to the Curragh and Thurles now but I certainly miss my old punting friends,they are neither going or betting sadly.
Faithful money is money from Offaly,the most missed of all.
Faithful money is money from Offaly,the most missed of all.
They are the full year ststistics for 2012.I'm not sure where you are getting the idea that they are for 6 months.
They are not audited because they are statistics not accounts.I think you are getting the statistics confused with the Annual Report which is audited(by the Comptroller and Auditor General I think).As far as I am aware the 2011 Annual Report which should have been released months ago has still not been published.It is the Annual Report which details the way monies received were spent and gives other interesting facts such as the profitability (or not) of the Tote.
They are not audited because they are statistics not accounts.I think you are getting the statistics confused with the Annual Report which is audited(by the Comptroller and Auditor General I think).As far as I am aware the 2011 Annual Report which should have been released months ago has still not been published.It is the Annual Report which details the way monies received were spent and gives other interesting facts such as the profitability (or not) of the Tote.
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