Australian racing

The sport of kings.
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Euler
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Location: Bet Angel HQ

I'm up early to see out the festival. Hope to round it off today.
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mcgoo
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Joined: Thu Jul 18, 2013 12:30 pm

All the best.Amazing how happy 18 markets with av $20 stakes can make you
Horse Racing: AUD14.43
hehe :D
Still leaving money on the table but feel like some of those video lessons are starting to stick Mr Webb (its been 12 months..) .Losses far less of a worry.Training my ISTJ personality is huge challenge :)
Update: Finished with a $3 trade on $50 stake.Small potatoes I know but grinning :D :D :D Half a case of beer paid for :lol:
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Euler
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Markets have been very messy today IMHO
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Naffman
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Agree even for Aussie racing its been very volatile today, only really Flemington holding up well.
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Naffman
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Sad scenes at Northam, worker putting divits back in been hit by lightning, currently being given CPR.

Lets hope he/she pulls through!!
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mcgoo
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Can't read the markets today (less than usual anyway :) ) .Small profit.Walked away-well to beer fridge :)
This made me chuckle though.Not seen 4 horses with such similar names :D
Update: Got back in after a settling beer...+ $20...another half a case paid for :mrgreen: Not sure how to get better at this - just more practice I guess... or flying to UK for a PW course (this might be as good as I get though) but it is a fun journey
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Last edited by mcgoo on Sat Nov 18, 2017 7:01 am, edited 1 time in total.
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Derek27
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I'm enjoying Rosehill. It looked like there were three in with a chance 2 furlongs out, when the front runners were swept away by the field. Didn't catch the front runners IR prices.
Lord Kingsley, 2-55 Rosehill.jpg
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Derek27
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mcgoo wrote:
Sat Nov 18, 2017 3:28 am
Can't read the markets today (less than usual anyway :) ) .Small profit.Walked away-well to beer fridge :)
This made me chuckle though.Not seen 4 horses with such similar names :D
I only noticed the second time I looked at the graphic, all four have the same connections.
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mcgoo
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Derek27 wrote:
Sat Nov 18, 2017 4:12 am
mcgoo wrote:
Sat Nov 18, 2017 3:28 am
Can't read the markets today (less than usual anyway :) ) .Small profit.Walked away-well to beer fridge :)
This made me chuckle though.Not seen 4 horses with such similar names :D
I only noticed the second time I looked at the graphic, all four have the same connections.
Yes true--didn't notice either...... :? :)
Lutruwita
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http://www.afr.com/business/gambling/ja ... 123-gzrz0g
James Packer's Crown Resorts is set to divest its 62 per cent stake in online bookmaker CrownBet, a move that could spark merger and acquisition activity in the betting sector.

Crown is understood to consider CrownBet a non-core asset and is keen to shift it from its balance sheet and concentrate on its core casino assets in Melbourne and Perth as well as the construction of its Barangaroo casino and hotel. Crown has land in Las Vegas for sale and also sold its stake in Macau's Melco Crown this year.

CrownBet could shift into a new entity and combine with the local operations of a rival, such as William Hill, a deal CrownBet chief executive Matthew Tripp first discussed with William Hill management in late 2016.

Mr Tripp is understood to have held further talks this week in the United Kingdom, where William Hill is listed on the local stock exchange. The stock rose 2 per cent on Thursday night.

William Hill's Australian operations are run by Tom Waterhouse.

Crown said on Friday it was in discussions concerning the future of its 62 per cent stake in CrownBet, which it acquired almost three years ago when it agreed to a joint venture with Mr Tripp's then BetEasy.

In a terse statement released to the market, Crown said it noted media speculation about "consolidation in the online wagering industry" and specifically a potential tie up with William Hill.

"Crown evaluates opportunities regarding its investments from time to time," the company said.

"Crown confirms that it is in discussions concerning its interest in CrownBet. There is no certainty as to whether any transaction will eventuate."

Australia's crowded online wagering sector is seen as ripe for consolidation, as existing players come to grips with soaring marketing costs and fight for market share as the pending merger between Tabcorp and Tatts Group creates a market giant.

Corporate bookmakers such as CrownBet are in a race to scale up to compete with Tabcorp and Sportsbet, now the biggest online bookmaker in Australia, and deal with regulatory challenges, such as a new point of consumption tax in several states and a ban on credit betting.

CrownBet's accountants for the 2017 financial year showed the company spent a whopping $99 million on marketing expenses in the year to June, up from about $80 million in the previous year,

The 2017 figuring included CrownBet's big wagering partnership with the AFL, sponsorship of sports such as Supercars, horse racing advertising and spots on live television sports and events throughout the year.

CrownBet broke even before tax, depreciation and amortisation in 2017, with gross revenue of about $1.5 billion and wagering revenue of $224 million, up from $157 million in the previous year and halved its pre-tax loss from $24 million to $12.7 million.
Crown owns Betfair Australia, so what will happen to Betfair?
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gazuty
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hmmmm, interesting.

PS Group 1 race in Perth this afternoon, should work for our English friends.
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Naffman
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gazuty wrote:
Sat Nov 25, 2017 1:18 am
hmmmm, interesting.

PS Group 1 race in Perth this afternoon, should work for our English friends.
Ended up probably being the worst Ascot market of the day, no money and fill rate poor.
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Euler
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Ascot has never traded well. It seems all the west coast stuff doesn't attract the same liquidity as the east.
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Derek27
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Rosehill was good for me last night, despite not a lot of money in the market.
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gazuty
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Naffman wrote:
Sat Nov 25, 2017 9:02 am
gazuty wrote:
Sat Nov 25, 2017 1:18 am
hmmmm, interesting.

PS Group 1 race in Perth this afternoon, should work for our English friends.
Ended up probably being the worst Ascot market of the day, no money and fill rate poor.
Yep, bum steer there, agree was really poor.
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