Hi Gil, I cant remember when I saw it but I got the very clear impression that their holdings were akin to a part time bookie in Picnic day at Upper Grong Grong Mattong. BTW are you any relation to the Business Equipment boys I met aeons ago during Decimal Conversion in NZ?
TC - http://www.racepert.com Bringing it all together > -----Original Message----- > From: Gilbert Dymock [mailto:[EMAIL PROTECTED] > Sent: Friday, 10 December 2004 5:24 PM > To: [EMAIL PROTECTED] > Subject: [racebase] Fixed Odds > > > I saw a report somewhere over the past week where the TAB's bookies were > claiming their reason for keeping Xcellent safe in the Derby (he's in to > $4.50) was that they had a liability of $60,000 on him. > > Surely, $60,000 is bugger all. > > After I saw him win his maiden first-up I put a lazy $40 on him at $16, so > it seems that I'm responsible for 1% of the TAB's liabilities. Apparently > the horse was backed at $50 and $30-odd before he'd started, was brought > in > to $20 immediately after the maiden win, then quickly shortened again to > $16. > > If bets were written at $50 they must have been fairly lightweight wagers > . > . . I mean, a thou at that price would account for all of the TAB's risk > on > the horse, yet you'd have to imagine there were plenty like myself (and > I'd > have guessed more than a hundred) who knew nothing of the horse until he'd > run but were impressed enough to have a tickle. > > The only conclusion I can come to is that the TAB's fixed odds operation > must be closer to church fete dimensions than the high-roller outfit it's > cracked up to be. > > Gil > > > > > > > Yahoo! Groups Links > > > > > > ------------------------ Yahoo! Groups Sponsor --------------------~--> $4.98 domain names from Yahoo!. Register anything. http://us.click.yahoo.com/Q7_YsB/neXJAA/yQLSAA/9cOolB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/racebase/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
