MULTIPLE BETTING.

bookielover · July 2015

Not talking about murders, TRK, but unfortunately,suicides.

therealkramer · July 2015

bookielover said:
Not talking about murders, TRK, but unfortunately,suicides.

It's still unsavory, whether it's suicide or murder. Not so keen to take my gf there anymore :-q

SHOVHOG · July 2015

I wonder how many people on here would admit to being a gambling addict ? I think it's a fair bet that we all have overstepped the mark at some point. i love a punt but I also hate the damage that gambling does to families. Gambling advertising will be gone sooner rather then later and it can only be a good thing in my eyes. It's everywhere and you can't escape it. Sportsbet are just taking the complete piss as are ladbrokes with they're $2 Friday fav's (limit of $20 give me a bloody spell)

thefalcon · July 2015

the young demograph with their apps (whatever that is) is the problem.
half full of singing syrup with their mates betting on sports be it afl,nrl,golf,cycling, tennis etc...that IS the problem.
plus they are more inclined to chase their losses.
we older heads are more sensible....aren't we?
I know I am...predominantly only bet Perth on a Saturday....trying to pick winners all over oz and internationally is folly.

SHOVHOG · July 2015

The old school is much more patient & disciplined no doubt about that.i remember my grandpa years ago told me that he had made a profit 3 years in a row but when he worked out the cost of the 13 number calls he ended up losing so he gave it away. The problem with the new generations is that they want to earn a living without putting in much effort which lends itself to the wannabe pro punter.

therealkramer · July 2015

Oh no, not the generation gap again!....if younger punters want to use their disposable incomes to punt good luck to them...the 'old school' are most like on fixed incomes now so their discipline is more down to circumstance than any perveived level of innate financial prudence. Oh for the days when I was younger and fearless and a drifting fav wouldn't make me second guess the way it does when one gets the drifts in perth :-S

tony · July 2015

If you think the older generation are disciplined gamblers go into any pub in the east and see the money being ploughed into the pokies.

thefalcon · July 2015

pokie mania is a sickness.
we have one "machine" in my local and a guy pours hundreds into it looking for the $500 jackpot.
I had a chat to him saying how futile it was..suggested he take 50 one dollar mysteries instead..more chance there.
he admitted it was futile and said he just could not help it.....
a sickness, sadly.

SHOVHOG · July 2015

My best mate does seminars for problem gamblers and the majority are pokies. Most of these people started out as lonely and they all know they aren't going to win but they are addicted to the bottom. There is something enticing about being without food and being at Rock bottom that appeals to them.

thefalcon · July 2015

sadly true, hoggie.
I have heard of women p*ssing themselves rather than leave their machine, even though leaving a hankie or something on the machine to show its reserved.
thank God we have not got them here apart from the casino.
all my fav. old pubs in Sydney are now wall to wall pokies.... X(

Fastmoney · July 2015

Could be a few rorts when they start betting on Lawn Bowls.

http://www.theage.com.au/victoria/gambling-spreads-to-lawn-bowls-with-bowls-australia-eligible-for-revenue-share-20150719-gifpg3.html

therealkramer · July 2015

@thefalcon I was in the Russian Club at Strathfield here in Sydney a few years back after work with a few workmates and they had signs on the sides of the pokies that said "the odds of the jackpot paying out on this machine are greater than 1,000,000-1". It didn't stop them doing a roaring trade :-??

rustyh · July 2015

Great news multi players.
New formulas for multis now available on TABtouch.
Sweet.

WHAT IS MULTI FORMULA?
Formula betting is an extension of Multi which allows you to invest upon the various combinations contained within your standard Multi selections.

For example, if you selected a 4 leg Multi, contained within the legs are the following combinations:-

4 x Singles
6 x 2 Leg Multi (referred to as Doubles)
4 x 3 Leg Multi (referred to as Trebles)
1 x 4 Leg Multi
By using Multi Formula you can opt to place a bet on all, or a selection of, the available combinations via a single transaction.

HOW MANY LEGS CAN BE INCLUDED IN A MULTI FORMULA BET?
Formula betting is available on any Multi bet that contains between 2 and 6 legs. If a Multi bet contains 7 or more legs, only standard Multi functionality is available.

DO ALL AVAILABLE FORMULA OPTIONS HAVE TO BE TAKEN?
You can choose which of the available Multi Formula options you wish to invest upon.

For example if you built a 4 leg Multi bet, they could then choose to only invest upon the Doubles (i.e. 6 x 2 Leg Multi bets) contained within the selections and not the Singles, Trebles or even the standard Multi.

Formula bets that contain only Singles (Formula 1) will not be permitted. You will need to select another Multi Formula option in conjunction with Singles for the bet to be accepted (i.e. for a 2 Leg Multi bet an investment upon the standard Multi as well as the Singles option would be required).

You can also choose a differing spend amount for each Formula option.

WHAT IS THE MINIMUM BET AMOUNT?
The minimum bet amount for Multi bets placed via Internet or Mobile has been reduced to $0.50.

For Multi Formula, the minimum bet amount for all options, excluding Singles, is also $0.50 (per combination). If Singles are selected as part of a Formula bet, the minimum bet amount for this option is $1.00 (per combination).

If you’re transacting on account via phone betting, Multi Formula bets can be placed at $0.50 per combination, however, the total cost of the wager must be $5.00 or greater.

CAN SPORT AND RACING BE COMBINED IN A MULTI FORMULA BET?
Any outcome from a Fixed Odds market that is available for standard Multi betting can be included in a Formula bet. This includes sport, racing or a mixture of both.

The maximum number of legs for a sport only Multi Formula bet is 6. Non-Formula sport only Multi wagers remain capped at a maximum of 10 legs.

For racing and cross sport/racing Multi and Multi Formula bets, the maximum number of legs has been increased from 4 to 6. Feature Race Multi bets remain capped at a maximum of 2 legs.

The maximum return, per $1.00 invested, for all Multi bets (including Formula), has been increased from $2,501 to $5,001.

Feature Race Multi is the only exception and remains capped at $10,201 per $1.00 invested.

The maximum payout for any Multi or Multi Formula bet remains at $200,000.

ERRORS
If any combination selected as part of a Multi Formula bet fails, for whatever reason, the entire bet will error and will have to be corrected and resubmitted.

Should a change in price or handicap occur during bet placement, the bet will not be accepted. In such instances you will be alerted to the change and be provided with the option of either re-confirming at the revised price/handicap or cancelling the bet.

TRANSACTION RECEIPTS
Once a Multi Formula bet has been successfully placed, you will receive one receipt encapsulating all selected combinations.

Any dividends will not be payable until the last leg of the Multi Formula bet is resulted. No partial payments (i.e. as individual legs resolve) will be made.

RULES
All existing rules pertaining to Multi betting (i.e. interdependency, scratchings, deductions) are also applicable to Multi Formula.

HOW TO PLACE A MULTI FORMULA BET - DESKTOP

HOW TO PLACE A MULTI FORMULA BET - MOBILE

TRANSACTION SUMMARY

rustyh · July 2015

:)]
No stopping us now BL and Falc.
Woo hoo. >:D< :-c

Shortster · July 2015

Can't believe it has taken them so long to implement.

thefalcon · July 2015

come in spinner... 8-}
they know they'll get the suckers in and bleed them dry....kick where u see a head is their motto.....

SHOVHOG · July 2015

Shortster said:
Can't believe it has taken them so long to implement.

Been available with the tab for a long time.

therealkramer · July 2015

Do two-leg multis count @thefalcon? I had $600 on Elite Belle/Buffering on Super Saturday '13 for a $3.5k collect(it would have been $4k if not for deductions). If i had waited until saturday the $2.40 about the buff was more like even money and backing it straight out would have meant I had less on at the premium odds. So multis can be very lucrative $-)

.....and backing a 10-1 shot is no different than backing two or three horses whose odds add up to 10-1. Unless the naysayers are advocating backing short priced and, heaven forbid, odds-on pops? [-X

What was that about running up stairs with scissors? 8-}

rustyh · July 2015

:)]
A multi is 2 legs or more kramer. :-c
Nice collect. but you had better stop now. =;
You keep doing those multis and its a one way street to the poor house!
8-} :O)

therealkramer · July 2015

@rustyh I think hedging your bets(if possible) on the last leg of a multi is a far better option than the 'cash out' gimmick that the TABs & Sportsbet have going atm. It may not be possible for the punters club but it's a definite option otherwise.

bookielover · July 2015

I agree that generally speaking , a multi is two legs or more.

However, my comments, as have Falcon's, been restricted to speaking about 3 or 4 leg multi's, or more.

I know that punters will have an all up bet on two horses. Falcon actually said in the Perth Racing thread, that he had an all up on the last two winners at Belmont on Saturday because they were two stablemates.

I have had an all up on two stablemates in a stable where I have a relationship with that stable. I once had an all up on two horse that I owned which raced at Ballarat one day.

One won, the other didn't. One was 10/1 and it won, the other 4/1 it ran third.

However, I hedged my bets and backed each horse individually. It would have been a massive result if they had both won, but even the 10/1 winner gave me a nice result.

So, while I can't speak for others, common sense, which isn't that common nowadays, would dictate that you should always back each horse in your all up individually, so that if at least one wins, you get a collect.

I just believe that once you start taking 3 or 4 horses or more in an all up win or place bet or a combination of both, in the long run, and frankly in the short run, especially IF YOU MAKE IT YOUR MAIN METHOD OF WAGERING, it is a certain path to the poor house.

But, as a means of having some fun, by all means, like the punters of old who bet with Dookums seeking a large return for a very small outlay, go for it.

And good luck. $-) $-)

thefalcon · July 2015

nothing wrong with a double Kramer, nothing at all.

yes, never run up stairs with scissors...or raise on 2 pair...... [-X

therealkramer · July 2015

I see where you are coming from @bookielover. I remember having an all up where Mr Utopia was the opening leg and it got beaten by a head after settling last in the run. The other two legs won(I think one was Elite Belle, the day Pike hugged the fence and got the dream rails run) RIP EB :x ...but I digress. What would have been a fist pumping 25-1 result was a tale of regret as I had to sit and watch the last two legs get up. Maybe even money shots are not for all ups but I knew Mr Utopia would bolt in the next start and it surely did. So sometimes losing is necessary because an unlucky run can steel your resolve the next time a horse goes around.

Shortster · July 2015

SHOVHOG said:

Shortster said:
Can't believe it has taken them so long to implement.
Been available with the tab for a long time.

Then what's their reasoning behind the major announcement on their home page like it's the next big thing in betting?

tony · July 2015

I presume @SHOVHOG means it has been available on Victorian and NSW tab's for some time not here.

rustyh · July 2015

:)]
Shorty.
I think Shov's talking about the TAB over east, not Tabtouch.
:-??

Shortster · July 2015

Got it. It's been available for years everywhere else.

sonofdooks · February 2016

All you young blokes. Place cards were illegal. The T.A.B was not invented. Every back lane and pub had an S.P. bookie. That's how it was. Dooks was born in Coolgardie, in 1908. His dad,my Grandfather, William( who I was named after) was a mine manager for Tindal Gold mine, the biggest in oz. The family left W.A. probably around 1910. Went to Victoria. Old bill died of black lung disease from the coal mines in Wales when Dooks was 14 y.o.

That's when dooks became a punter. Whippets he trained, won him money through the depression. He made lifetime friendships through that, like blokes of the ilk of Jim Houlahan, best jumps trainer our country has seen. Not to mention Andy Simpson, head of the Greyhound's down the track, and a childhood best mate from Footscray Tech.

My old man was not a crook, as some of you people have suggested, far from it. When he died there was a list of bookies that couldn't pay. that was never persued. he had a heart of gold and I lost count of the people in difficulty arriving at the back gate looking for a handout on a daily basis that always left with something.

Alas all these people are gone, and that era has as well. Don't make judgements about people you know nothing about. Stick to trying to find a winner.

lame · February 2016

Hope its of no offence but it is a bit of banter on here with the all ups/ multis some say you can't win in the long run others try and beat
" Dookums" which legend has it was unbeatable and the best in the game

bookielover · February 2016

Hi William,

Although I had the great pleasure of knowing your late father, it was only through the racetrack that I came to know him. His private life, at least to me as a 14 year old way back then when I first met him, was very private.

So it's great knowing that he has a son.

I lost track of your dad and can't recall when he passed away, but I would imagine that it was more than 30 years ago now.

My late father would tell me stories about all the characters and big and small punters who inhabited the betting ring. Dad was good friends with Andy Simpson, whom he met when dad worked as a bookie at the greyhounds.

I recall Andy telling my dad that Silver Knight would win the Melbourne Cup three months before the race. From my fading memory, I think Andy had some connection with the stable. Dad was a very happy man when it won.

My dad had nothing but the greatest admiration for your father describing him as one of the smartest, nicest blokes in racing, that he had ever met.

It was through my dad, that I learned of your fathers incredible generosity towards those less fortunate than himself.

I re-read all the posts on this thread, and one poster in particular, referred to your dad as being "dodgy". Unfortunately, as you point out, there are those out there who cannot help but make ill-informed judgments about those of whom they know nothing. And even when you try to give them a flavor of the times in which your father operated, they lack the intelligence to understand.

I believe myself to be a law abiding citizen, and obviously in principle, I cannot condone the fact that your dad operated, what was an illegal operation.

However, your dad's critic aside, none of us is perfect, least of all me, and I cannot make a claim to having an unblemished record.

So, when I remember the misdemeanors committed by me as a young, immature lad, it would be the height of hypocrisy for me, to in anyway criticize your father, particularly in light of the fact that no one benefited at all, from the stuff I got up to.

As I tried to explain to your dad's critic, what Dookums did, was a victim-less crime, and as you have pointed out, if,and it is a big if, anyone found themselves in any financial trouble as a result of betting on those 4 placed cards above their means, your father would have been the first one to help them out.

Even though I cannot remember what year your father passed away, I can absolutely recall the conversation on the race track and at the Victorian Club on settling day, about how many bookies owed Dookums when he passed away. It would have been in the thousands of pounds/dollars.

Your father was an extremely humble generous human being. He was a gentleman who engendered far more respect from everyone with whom he came in contact, than his critic or critics,ever will.

You have every reason to be very proud of him.

G'day Punter!

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