TVG must be really hurting

[lamboguy]

does anyone know the pick 3 rules in Canada pertaining to the consolations procedures? i was wondering if you get a consolation or the post-time favorite with a scratched horse.

[classhandicapper]

Originally Posted by thaskalos

In every other business or investment venture...people put a relatively large amount of money down, and are satisfied with a small percentage of it as a yearly net return. Only in gambling do some people think that they can rapidly turn a toothpick into a lumber yard. I wish them good luck...because they are sure to need it.

Making large sums at the track is a LOT harder than opening a profitable business.

Let's say I'm an excellent chef with a big following and decide I want to open my own restaurant. The biggest obstacle is the money. If I have the money and experience, it's going to happen.

Let's say I am winning horseplayer. The gap between just winning and making a living goes well beyond just the bankroll. You have to find enough profitable wagering opportunities to get enough money through the windows and as you raise the stakes it could easily start impacting your judgement and turn you into a loser. The bankroll is probably 3rd on the list after the skill and psychological makeup.

[thaskalos]

Originally Posted by classhandicapper

Making large sums at the track is a LOT harder than opening a profitable business.

Let's say I'm an excellent chef with a big following and decide I want to open my own restaurant. The biggest obstacle is the money. If I have the money and experience, it's going to happen.

Let's say I am winning horseplayer. The gap between just winning and making a living goes well beyond just the bankroll. You have to find enough profitable wagering opportunities to get enough money through the windows and as you raise the stakes it could easily start impacting your judgement and turn you into a loser. The bankroll is probably 3rd on the list after the skill and psychological makeup.

I'll supply the skill and the psychological makeup. Will you put up the money?

[classhandicapper]

Originally Posted by thaskalos

I'll supply the skill and the psychological makeup. Will you put up the money?

If you have the skill and psychological makeup you should be able to create your own bankroll eventually.

For me, psychological makeup is far and away the biggest obstacle to making large sums.

[ReplayRandall]

Originally Posted by thaskalos

I'll supply the skill and the psychological makeup. Will you put up the money?

It's not always easier to bet someone else's money, the psyche makeup may suddenly change to pressure again...

[thaskalos]

Originally Posted by ReplayRandall

It's not always easier to bet someone else's money, the psyche makeup may suddenly change to pressure again...

Years ago, I was sitting at an OTB table with an acquaintance of mine...who loved the horses but was perpetually broke. He saw my voucher on the table and asked me if he could use it to make a bet for himself. I handed him the voucher...and when he returned it to me I saw that he had used up about $80!

"I didn't know that you were such a heavy bettor"...I told him. And he replied..."I wasn't afraid to burn up my own money. I'm gonna be afraid to burn up YOURS?"

[sharkey11]

did he cash it?

[Ahorsewithnoname]

Does anybody get this also with will pays on TVG? How can horses with long odds pay way less than a favorite? Im guessing they cant write out the prices for longshots and shorten/abbreviate the payout. I have a tough time trying to figure out the correct payouts. Do they expect you to know to add a few 0's when reading prices.

[Ahorsewithnoname]

Originally Posted by Ahorsewithnoname

Does anybody get this also with will pays on TVG? How can horses with long odds pay way less than a favorite? Im guessing they cant write out the prices for longshots and shorten/abbreviate the payout. I have a tough time trying to figure out the correct payouts. Do they expect you to know to add a few 0's when reading prices.

This is for longshot prices in Pick 3's, 4's, 5's, etc.

[thespaah]

Originally Posted by cj

Betfair.

Paddy Power/Betfair is owned by a holding company named Flutter Entertainment.
Wow/....This company owns a lot of sh...I mean Stuff.
LOL
https://www.flutter.com/

[thespaah]

Originally Posted by lamboguy

to eliminate the problem, they should pay to the penny like they do in Great Britain. but I doubt that will ever happen, the ADW does gain the breakage and that amounts to a lot more than what they get hit for with negative pools..

the negative pools can be very expensive for the bet taker. they lose more than ten cents they pay you for winning the bet due to net pool pricing these days.

i believe that if they eliminate breakage, the handles would shoot up like Starship Gallactica.

i got bounced by TVG as well... some of it was negative pools, but most of it was for playing low takeout bets like some certain pick 5's. when I got shutoff i was actually beating the pick 5's. that was about 5 years ago.. today the CRW got a lot tougher and I have no chance basically at anything regarding parimutuel wagering.

i think I am going to take up the contests at some point. i just have my problems going for a full card.

A question to get some clarity.
IN reading your post, I am seeing you describe how ADW's shut your accounts because.....You won too much?

[Hedevar]

Where is Todd Schrupp?

[andicap]

Originally Posted by cj

Oh no doubt, I was mostly talking more about the weekend type warrior that is firing away but doesn't do it for a living. They have left the straight pools and are firing away at P4/5/6s. That in turn makes the grind even harder IMO.

Wouldn't that mean you can find more value betting these horizontals?

[thespaah]

Originally Posted by Marshall Bennett

He tries to be an actor and fails miserably.

I'm SOOOO Sick of the man crush he has on Del-MARRR.
Schrup is just a box of popcorn....

[AskinHaskin]

Originally Posted by moneyandland

FALSE, The ADW offered the wager as it was on its menu, NYRA Bets routinely eliminates the option to make a show wager on potential minus pools. TVG chooses to put the onus on the bettor to determine if the pool has the potential to be negative. That's my issue with this. IF A WAGER is available on the board it's not my responsibility to determine if it will effect the bottom line of the bet taker. The problem is it's not my wager making the pool negative so how is it my responsibility to have to determine that and then say oh sorry I don't want the good people at TVG running a business to take a loss so I better forgo my own winnings for the sake of Big Business.

If they don't want me to bet it, be proactive and turn off that wager like NYRA Bets does. Don't have bean counters scan bets 2 weeks after there made and say oh you know what we didn't profit on every bet made we made 14% of 3700 but twice we had to pay $30 and that means our profits weren't as high as they could be the whole while neglecting the fact that I wouldn't of bet the 3700 in other bets if I don't make all the plays

I would totally understand if the only bets I was making on the platform were large minus pool wagers.

You don't understand what you're (writing) about - still.


The track "offered the wager". Your ADW does nothing but facilitate parimutuel wagering. This isn't like Vegas of old where the casino was merely booking bets.

There remains no "onus on the bettor to determine if (any parimutuel wagering) pool has the potential to be negative". Any bettor with a remote amount of understanding of parimutuel wagering knows that all parimutuel pools have the potential to be negative.



Nobody "routinely" "eliminates the option to make a show wager on potential minus pools". Every single pool out there is a "potential minus pool".

If you have no understanding yet as to how parimutuel wagering works, just ask somebody.


And please tell the crowd how one random person on an internet message board effects the bottom line of a bet-taker? What the heck does that gibberish even mean?


At the end of your time with TVG, you were habitually making wagers that each saw money coming out of your ADW's pocket to pay them off. The only negotiating point beyond that is amount.

For the same reason that the person betting $30 at the track should be afforded nearly all of the same courtesies known to a $300 bettor, the guy who is hitting his ADW for the negative pool on a $30,000 wager should be treated in the same way as the guy habitually hitting his ADW for the cost of the negative pool on his $30 wagers. You're both just as guilty - beyond that you are just the bean counter in your equation.


Nice try though!