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How Many You Are Happy If Gst Rings Death Bell To

By Smart-still-poor-punter | 27-May-2017
Hi Everyone,

There has been so much talk on HT about the proposed GST threatening to draw the curtains forcefully on racing in India. How fast it's going to happen or how best the racing clubs are going to evolve a common plan to overcome the situation is not clear as yet. In this situation, as an ordinary punter how you are going to take it in case if GST comes to ring the death bells to racing?

To be honest, tens of thousands of families will heave a huge sigh of relief because if it's "happy pass-time" for race-goers, it's a "torrid troublesome time" for their families back at home. Not many Sunday evenings will really be a pleasant occasion to celebrate in the houses of a majority of punters.

Hardly there are punters who make a living from racing. Maybe, there are others - like the ground staff and the cutters working in the bookies - who may be rendered jobless. But if they think there is no other occupation that can fetch them this paltry sum, they have to blame themselves. I personally feel this will be the right time for them to make the change and move towards greener pastures.

Ask the owners and trainers, "What you people are going to do?" I wonder if many of them will be seen in beaches or amusement parks where they will be running their famed horses on rounds to collect a few hundred rupees. Yes, it will be these cunning owners and trainers, who all these days have been fooling the punters in the name of racing who may have to pay a heavy price.

I am looking forward to many of you join this post. Thank you GST!!
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8 Replies

Cannavaro said ...

29-May-2017
When 4o percent plus taxed jackpot pool with additional personal Income tax is still popular with punters and thriving,28 percent on tote shall survive after some hiccups!!?

Reformed Punter said ...

29-May-2017
What does this GST has in store for online betting??

Can online betting be reality in india.. If so then it doesn't matter what happens Indian racing.. We can bet on international races.. :)

Ashok Kamboj said ...

29-May-2017
We should wait for the fine print to understand its implications. One is not sure whether the GST is not commission or on turnover. If it is on turnover, it will surely have a very bad effect on racing and cause many clubs to close down.

Manish said ...

28-May-2017
How many punters just gamble on horse racing? Almost all are involved in some other type of gambling also, may be matches, cards, casino etc.

So, no punters family will be happy if racing comes to an end. Racing punter would resort to other means.
Once a gambler, always a gambler

Heera said ...

28-May-2017
Hi,

All punters need to think about their life again...if you dont think now, you will die with your family...no club or government will help you or show mercy on you.

Currently in any business the profit is going up to 35-40%...it is better all punters should switch to business and become owner and trainer of your own business. The club will loot punter at any cost.

All the best!

Dax Shekar said ...

28-May-2017
Horse racing will keep on going no matter GST or any other tax. In case horse racing closes, punters will shift to some other form of gambling which is worse than horse racing ..horse racing is far far better.

Mad Max said ...

28-May-2017
@ SFP

Punters wont mind even if Tax+Commission is 35% or 45%.
Custodians of BTC wont stop horse racing or horse betting -they will continue it at the expenses of race goers.

At RWITC Super Jackpot is being played by punters despite 55% tax+commission. Punters are fighting each other for the net pay out of 45% from the entire investment. Jackpot all over has a cut of 44%. We get only 56% of investment back. The mentality of the punters is simple... whatever amount they get over their investment is EASY MONEY. Even if the pay out is 11 or 12 or 13 or 14 they will play... that is their easy money. They have no other options.

At the moment Clubs have eased the reins on trainers and we witness every day 2-3 flukes win without any form or merit. There is no enquiry whatsoever, nobody questions why horses sprout wings all of a sudden. Illiterate punters have no problem, they relish higher dividends. Until a section of punters are happy the racing will continue.

CLUBS can do one thing. Most probably they will advise the trainers and owners, dont try on favourites. That is the only remedy to show big dividends. This way they can loot the majority punters and satisfy a meagre section with higher dividends.

Mind it, this is going to happen. From July onwards favourites will win ONCE IN A BLUE MOON.

Dr Harun said ...

27-May-2017
Tens of 1000s of Punters who lost everything, for them closure of racing if at all is too little too late