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Lockdown Carryovers – Show Us The Money!

'Accumulated in same bet-type stockpiles'

Carryovers during the lockdown phase, when we are punting on a host of various small exotic destinations, have been queried by punters.

The Sporting Post receives regular questions from punters who feel that the aspect of carryovers is not being communicated – never mind, with any transparency.

“Where are the carryover advices? On Wednesday we had about R60 000 carried over, including R21 000 in the Bipot. We just never hear about these relatively minor amounts – which through 35 days of lockdown could add up to substantial amounts. TAB cannot just pocket it. This is punter’s money!” wrote one KZN player.

Another felt that the carryover fund should be available for access and viewing on the TAB website.

“They say they have the policy in place and, fair enough, let them decide how best to use it. But it does not belong to them. It’s ours. It should be held in trust and reflected accordingly. Not be used as part of a troubled entity’s working capital requirements,” said another.

A spokesman for the company told the Sporting Post on Good Friday that in terms of carryovers currently, TAB’s policy remains unchanged.

“They are accumulated in same bet-type stockpiles until the amounts are big enough to get the interest of customers and then used around month-end, when customer participation is at a peak. That simultaneously gives us the opportunity to ensure such carryovers are fully marketed and communicated,” he confirmed.

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12 comments on “Lockdown Carryovers – Show Us The Money!

  1. Colin says:

    This was a Whattsapp message doing the rounds that was received by me on 24 March 2020 which was two days before the lockdown started.

    ■■■■■■■■■■■■■■■

    There have been a few pick 6 carry overs.
    The rules say that

    “5.10.11. CARRY FORWARD: In the event of there being no ticket on any of the winning
    combinations, the net pool shall be carried forward and added to a net Pick 6 pool selected at the sole
    discretion of Operator Management, provided that such carry forward is made within one month of the
    original pool”

    We are about to go into a 21 day lockdown with no racing.

    The 21 day period may extend further.

    Why hasn’t the Tote added the carry over pools to the next two meeting ( i.e. Fairview and Vaal)?

    Does the Tote not know that it may be in breach of its licence or does it not care because it wants to use the carry over money to survive?

    We need answers and quickly?

    ■■■■■■■■■■■■■■■

    Have a squiz at the tabonline website. It does not show the monies that are carried over and says that there are no maxi pool carryover to display.

    The Tote has an obligation to show punters what is standing to their credit on carryovers and how it is calculated. It is all available at the push of a button.

    With the Tote refusing to make the amounts available to us, I have to conclude that something dodgy or wrong is going in.

    The Whattsapp message is on the mark. I would like the Tote to inform punters without any excuses.

  2. Philip Goldberg says:

    Very vague, the company’s policy. I don’t know when last we have had an injection into a quartet pool. Even the last race on a Sunday in KZN has not been boosted since I can remember.
    This should be the carrot dangling on our TT screens.
    When it grows to R100000, it goes into the very next pool of its sort.
    This would be evey 3 or 4 days, as its decent money we are talking about.
    Its been used and abused, and the accountables need to be taken to task.
    Once again, just shows the lack of bad business, by bad corrupt business people ( and I really do not know who any of you are).
    A carryover injection into an Albany quartet pool, every second or third day, as these venues need more customers.
    But how would this company know how to market.
    Anything I have ever seen them try, has had more of a negative, than a positive effect.
    #therocket
    #itsarush
    #themet
    #nhra

  3. Philip Goldberg says:

    Thank you Colin for bring this to our attention. This should be reported to the gambling board with immediate effect. Only way to ensure the customer is getting a fair deal.

  4. Gary Turf says:

    What about Foetsal and Fractional Betting??
    Between the 2 failed ventures,it was 25 million down the tubes!

    1. Editor says:

      How do we know fractional betting was a failure, Gary?

  5. Gary Turf says:

    Correction…..Fractional Timing

    1. Editor says:

      Thanks Gary
      Sectional

  6. Gary Turf says:

    Correction….Fractional TIMING

  7. Rian says:

    Years back we never had the problem with carryovers as they would be carried over to the next race or meeting from that Province
    Clairwood pick 6 carryover would go on to the next meeting in Durban etc etc
    So simple, no bullshit

  8. Rian says:

    Even in Sweden they carry over Jackpots to the next meeting and the pools are huge

  9. Selwyn Elk says:

    When there is a carryover the amount carried over theoretically belongs to the punters.That money is put into an interest bearing account so the interest accrued until the relevant carryover takes place should be added on that particular pool, could the editor please comment

  10. Shanil says:

    Could some of the carry over not be offered in the jackpots during this lockdown period to generate more interest.

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