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TAB / Betting World – Phumelela Reassure Customers

Carryovers will be utilised at a suitable time

Phumelela Gaming would like to reassure all TAB and Betting World customers, as well as horseracing and soccer fans in general, that it’s business as usual as South African horseracing readies to hopefully resume behind closed doors on 1 June.

The company will honour all financial obligations in terms of its betting operations, notably the credit balances of TAB and Betting World accountholders and TAB carryover monies.

No carryovers have been added to TAB pools since horseracing in South Africa and many other countries was suspended, which virtually coincided with all major soccer leagues coming to a halt.

Having no carryovers since then has been in accordance with TAB’s well-documented policy of maximising carryover monies for the benefit of all customers, which has not been possible with limited product and betting restricted to TAB digital accountholders.

TAB customers, however, can rest assured that carryover monies will be deployed to best effect once South African horseracing restarts and a significant number of TAB retail stores reopen.

As is always the case, such carryovers will be added to applicable pools on suitable events and dates, and will play a big role in reigniting interest in TAB betting pools on horseracing and soccer.

  • Press release published on Tuesday 26 May 2020 by Phumelela Gaming

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8 comments on “TAB / Betting World – Phumelela Reassure Customers

  1. MGram says:

    Maybe Phumelela through the good offices of Mr. Evans could stop issuing meaningless statements about carryover monies and give us a reconciliation.

  2. Nicolin says:

    Watching swedish racing and there’s a horse called the Muffin man whos going to win and he says, the Muffin man is not for the catching, his baking a cake

    Where has swedish racing been all along?

  3. Pops says:

    If there is a R 500 000,R 1 000 000 R 2 000 000 carry over at beginning of month waiting to go into Pool at end of month,does this money stay in an interest bearing account? If it does not,why not.
    And if there is interest earned on our/punters monies who gains? Phumelela or owners of money,the punters?

  4. master says:

    My thoughts exactly Pops….

  5. Philip Goldberg says:

    Does Phumelela have authority to issue statements, or should it not come via Mr Evans.
    Whomever, could you kindly produce the carryover list, and please, when allocating, do put it back into the specific pool it came out of.
    That is the problem with your current model.
    Not everybody likes and plays the pick6.
    It is a bet that steals from the poor, and gives to the rich.

    When rescuing, design bets that will benefit all, and maybe this time you will keep your customer.

    From a Phumelea business model, it is the punter that keeps the business wheel churning.
    The Owner supports the breeder, the trainer, vets, feed merchants, accessories, training staff.
    BUT the punter supports the tote. And this is where the money is supposedly made to pay stakes, which pay owners jockeys, trainers and grooms, as well as expenses of the business model and the operations of the business.

    I cannot understand why current players could not work that out.
    Still waiting on further heads that provided the rot to roll, to ensure the right people are appointed in top positions, with an aim to benefitting all, and not just the few.
    (Mr Evans, please ensure all top salaries drop below R60000 per month. That will be a good starting point for those wanting to remain employed)

  6. David Manyike says:

    Will the TAB offices be open on 1June for deposits?

  7. Shimane.manamela says:

    When.is.the.tab.opening.its.branches?

    1. Editor says:

      What area?

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