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Carryover Plea-TAB Responds

'Fluid situation that is monitored daily'

A TAB player phoned the Sporting Post recently to plead that carryover policies be amended to allow daily opportunities to win back investments on the numerous smaller meetings, in the absence of local racing.

Read that plea here

TAB write that their long-established carryover policy objective remains to maximize such monies for the benefit of all customers by deploying them on suitable events at suitable times and in amounts that are sufficient to grab the attention of customers.

Pick 6 and Quartet carryover schedules are compiled well in advance in order to ensure they can be comprehensively and marketed.

The actual carryover  amounts are based on what is likely to have accumulated in the respective stockpiles come the actual race meeting, as well as how much is needed to ignite the interest of horseplayers.

As stated previously, if there are insufficient monies in the Pick 6 and Quartet stockpiles to fund the advertised carryovers, TAB makes up the shortfall until more carryover money flows as has happened on occasions.

Carryovers to other bet types are stockpiled until significant amounts are accrued and then these monies are deployed as carryovers as effectively as possible.

All carryover amounts are strictly accounted for, and audited, and do not form any part of day-to-day operations.

TAB sees no reason to alter its existing carryover policy at this stage in the current coronavirus pandemic.

But it’s a fluid situation that is monitored daily and TAB will utilise carryover monies as effectively as possible.

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9 comments on “Carryover Plea-TAB Responds

  1. Rian says:

    Absolute rubbish coming from TAB, who actually wrote the response and to day that’s it’s a fluid situation is Crap, nobody believes them
    Have a look at the Tab outlets and the service punters get, as well as opening times it’s the same old, same old doff mentality
    They can’t change a nappy

  2. Cecil Pienaar says:

    Sounds like an automated response on Hello Peter

    Stockpile, Grab the attention of customers ?
    Pls don’t grab too much, it is Punters money after all.

    I remember not long ago, The Cape Derby day, with more than a handful of listed and graded races wasn’t seen as

    ” To ignite the interest of horseplayers ”

    K#k storie, I agree with Rian

  3. Philip Goldberg says:

    In the light of transparency, can Tab publish just how much is sitting in the carryover pools at present.(qtet, pick6, pa and bipot). And as per the response, can they kindly advise on which dates, over the past 6 months, they kicked off a quartet carryover.

  4. Rian says:

    They like Robots Cecil, I remember late 80s spending a wednesday in Howick, at the pump station, as it was a National Key Point, not to far from Albert falls as the crow flies, beautiful country

  5. Gman says:

    That was the fastest response ive seen from tab ever.Thats giving us the big middle on both hands(Stone Cold Steve Austin style) because Tab said So!!!!

  6. Cecil Pienaar says:

    Rian, best move we made, out of City Life

    Good Night, be safe 👍

  7. Brian says:

    OK fellow punters, it has now been confirmed that in spite of my having a BA, LLB and a post graduate from Cambridge, I do not understand simple arithmetic.

    Maths? No not me!

    So, the way I understand it is this. Today there is a P6 carryover. Has 1 guy won the pick 6 today he may have won 1 000 000. But no one did so, on the next meeting 1 000 000 gets added to that days pool and the number of winning tickets share the spoils?

    Correct?

  8. Hilton witz says:

    Seeing that tab is so transparent please could you ex plainwhy firstly interest accrued on carryover money is not added to the carryover pools .secondly why isnt the money that runs into millions when dividends are lowered from 1.89 to 1.80 or 3.76 to 3.70 for example why isnt that added to punters pools seeing it is their money and the tote has taken out its cut for that particular bet type?unclaimed refunds and unclaimed winning bets is another that just gets added to the bottom line of operators…another question would be the interest earned on telebet account holders money….maybe whoever answers can put a name to the answer that would make a change ..

  9. Leon Smuts says:

    Hilton you are spot on but would we be that concerned about this if the operator was running racing for the benefit of racing and its stakeholders rather than a handful of shareholders? Probably not but under the circumstances a very valid question to ask.

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