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07-10-2021, 08:43 PM
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#1
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Registered User
Join Date: Jul 2007
Location: Saratoga, NY
Posts: 393
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TVG must be really hurting
TVG cancelled my account because of a few small bets which they deemed as negative breakage. Over the last 2 months most bets were small WPS pyramid wagers. Wagering totals over 2 months were $5493.20 and of those there was roughly $1700 over 13 wagers which paid the minimum. Only 1 wager exceeded $162. A minimum payout doesn't even necessarily mean a negative breakage. I don't have records of all the pools but I do know one of the bets they cited wasn't even on the favorite. I bet the 2nd choice at MNR in hopes the favorite would be out increasing my payout. From my recollection there was only 4 races in which were actual minus pools and 2 of them I wasn't even betting on the horse with the big % of the pool.
Just like everything else it's become about a blind side bottom line approach. Never mind the profit they made on the $3700+ in regular wagers, roughly twice they had to cough up $30 on there end so they don't want anymore wagers. Yet another sign the game is dead.
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07-10-2021, 09:09 PM
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#2
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Registered User
Join Date: Jan 2006
Posts: 28,544
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A chicken-shit move if ever I saw one. A betting outlet offers a wager...and then punishes the customer for making it.
__________________
Live to play another day.
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07-10-2021, 09:13 PM
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#3
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Registered User
Join Date: Feb 2003
Location: Dark Side of the Moon
Posts: 5,870
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Quote:
Originally Posted by thaskalos
A chicken-shit move if ever I saw one. A betting outlet offers a wager...and then punishes the customer for making it.
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what till fixed odds wagering comes, anyone who wins at any regularity will not be around very long.
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07-10-2021, 09:17 PM
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#4
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Registered User
Join Date: Feb 2017
Posts: 590
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just who is TVGs parent company anyway ? wouldnt be fox would it .sounds awfuly like they want out of the wagering buisness . otherwise they wouldnt be shiting all over the custmers
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07-10-2021, 09:26 PM
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#5
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,826
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Quote:
Originally Posted by GMB@BP
what till fixed odds wagering comes, anyone who wins at any regularity will not be around very long.
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They'll take your action at greatly reduced limits.
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07-10-2021, 09:27 PM
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#6
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,826
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Quote:
Originally Posted by sharkey11
just who is TVGs parent company anyway ? wouldnt be fox would it .sounds awfuly like they want out of the wagering buisness . otherwise they wouldnt be shiting all over the custmers
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Betfair.
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07-10-2021, 09:38 PM
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#7
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Registered User
Join Date: Feb 2017
Posts: 590
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ahh run by limey beancounters they expect the sterling to run one way there way. another ripoff outfit well as louis albano said ****em
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07-10-2021, 10:28 PM
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#8
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Registered User
Join Date: Sep 2019
Posts: 251
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In the UK it doesn't even matter if you win or lose. If you place just a few bets that are deemed as 'value' you will quickly get flagged as a risk and account closed or strictly limited to a £ or so. Like many horse-players here I don't have a single account left where I can get more than £5 on.
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07-10-2021, 10:35 PM
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#9
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Registered User
Join Date: Sep 2014
Posts: 313
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The NJ legislation expressly allows any fixed odds racing account to be closed at the books' discretion, so anyone who looks a winner will be quickly closed.
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07-10-2021, 11:30 PM
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#10
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Registered User
Join Date: Apr 2019
Posts: 518
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This problem goes away with penny breakage
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07-10-2021, 11:51 PM
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#11
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by thaskalos
A chicken-shit move if ever I saw one. A betting outlet offers a wager...and then punishes the customer for making it.
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^^This
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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07-10-2021, 11:52 PM
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#12
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by The_Turf_Monster
This problem goes away with penny breakage
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Good point.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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07-11-2021, 08:20 AM
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#13
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,732
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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.
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07-11-2021, 09:11 AM
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#14
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,633
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Did something change? I thought TVG just got a percentage of what they handled like an OTB, and the track took the hit on a minus pool. I can't believe they are canceling people's account without warning.
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07-11-2021, 09:30 AM
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#15
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,732
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Quote:
Originally Posted by Inner Dirt
Did something change? I thought TVG just got a percentage of what they handled like an OTB, and the track took the hit on a minus pool. I can't believe they are canceling people's account without warning.
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TVG and other ADW's pay the host track and keep the rest. they might pay as much as 6% of the takeout and pay the host. they are now responsible for any deficiencies which includes negative pools.
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