Dismayed
Amidst the numerous newspaper article on the casino issues, was surprised that it is a relatively low percentage for betting in horse racing.
I'm surprised.
If the number is true, which may not be the case most of the times, then the dividend payout is miserably low.
We are talking about less than 15% of the population indulge in horse racing, which works out roughly to be 600,000 of our 4 mil population. If everyone of them place only a single Win bet on each race, then it works out to be 3mil of bets with STC! Which is very neat profit for the organisation! After less the price money of sightly above $100K, which is only a very insignificant portion of the total bets... Given the benefit of the doubt, maybe another portion will goes to the maintaining and upkeeping of the infrastructure and the system, but the point is, the low dividend payout is simply illogical!
We have heard that STC is trying to bring more hobbist to the sport, but what is more effective than higher odds! The people at the STC should realised that it is the money that attracts people to the game, not the varities of bettings.
***
Seems like there's not a day goes by without seasoned punters talking about the poor management decision by STC.....
The 'LIVE telecast over SCV' was one issue that highlights the need for a complete change in STC management.
Telebet Account Holders were invited to subscribe SCV as according to STC, they will telecast 'LIVE' races in April. However, as widely anticipated, they did a U turn on that quoting technical reasons, withoutany committement in resolved dates! Dismayed!
Now we know that Astro will be offering 'LIVE' races for all Malaysian fixtures. Seems like our Malaysian counterparts are finally one step better and advanced than our self proclaimed 'International Standard' STC!
***
Well, my interest in Horse Racing has nose dived quite a fair bit since my lucky FT win on 23 Feb 05 (Happy Valley). $543 exactly. Which i must say that there is a huge discrepancies between the STC payout and the HKJC payout.HKJC pays roughly HKD4000, which converts to around SGD1000.... Kind of being cheated.
And not forgetting the numerous time we saw a STC $6/$5 odds for a hot favourite when bookies can offer at least $10/$8!
Think i will join in with the majority in Soccer Betting....
Maybe i should change the Title to ' One day in the life of a Soccer Punter '.
I'm surprised.
If the number is true, which may not be the case most of the times, then the dividend payout is miserably low.
We are talking about less than 15% of the population indulge in horse racing, which works out roughly to be 600,000 of our 4 mil population. If everyone of them place only a single Win bet on each race, then it works out to be 3mil of bets with STC! Which is very neat profit for the organisation! After less the price money of sightly above $100K, which is only a very insignificant portion of the total bets... Given the benefit of the doubt, maybe another portion will goes to the maintaining and upkeeping of the infrastructure and the system, but the point is, the low dividend payout is simply illogical!
We have heard that STC is trying to bring more hobbist to the sport, but what is more effective than higher odds! The people at the STC should realised that it is the money that attracts people to the game, not the varities of bettings.
***
Seems like there's not a day goes by without seasoned punters talking about the poor management decision by STC.....
The 'LIVE telecast over SCV' was one issue that highlights the need for a complete change in STC management.
Telebet Account Holders were invited to subscribe SCV as according to STC, they will telecast 'LIVE' races in April. However, as widely anticipated, they did a U turn on that quoting technical reasons, withoutany committement in resolved dates! Dismayed!
Now we know that Astro will be offering 'LIVE' races for all Malaysian fixtures. Seems like our Malaysian counterparts are finally one step better and advanced than our self proclaimed 'International Standard' STC!
***
Well, my interest in Horse Racing has nose dived quite a fair bit since my lucky FT win on 23 Feb 05 (Happy Valley). $543 exactly. Which i must say that there is a huge discrepancies between the STC payout and the HKJC payout.HKJC pays roughly HKD4000, which converts to around SGD1000.... Kind of being cheated.
And not forgetting the numerous time we saw a STC $6/$5 odds for a hot favourite when bookies can offer at least $10/$8!
Think i will join in with the majority in Soccer Betting....
Maybe i should change the Title to ' One day in the life of a Soccer Punter '.
posted by nocean at 10:26 AM
0 Comments:
Post a Comment
<< Home