Ayyarnet,
Right. Bookies and stake holders join hands and confuse, fool the punters. But, whether the bookies and stake holders invite you to attend races. And after entering the course, whether any gun man holds revolver pointed at your chest and compels you to bet favorite or other horse? The bookies write, overwrite, odds; they instal no hoper as favorite. They deliberately do everything possible so that you bet on wrong horse and lose. But, for their wish to materialise, you also should bet!
Why are you so much obsessed with the bookie. And why are you betting heavily on a horse that seemingly has decent chance to win? Do one thing. Take a royal oath today and bet not more than 500 or 1000 that too only at tote. Let the bookies do triple somersault; do not bet a pie with them.
If you bet at tote, the Government gets taxes, the club get revenue and of course you have to take discounted dividend. But, that is the price that you must pay. If all the punters start betting at the tote, the stakeholders will have no way to enjoy profit at your expense. Let those stake holders also bet at tote.
And most importantly, tote does not always pays you lower dividend. Some times at least it surprises you with huge bonus. Recently Al-dorado won. It paid 720/-. There are many occasion when tote dividend proves more and more attractive. Today Handsome paid 90+ for place for a tenner. But, I agree that bookies dividends are more attractive many times. That is only because of 10% tax. If bookies run their business strictly following the rules, then there will not be much difference between the two dividends.
I am not telling this because I dislike bookies. I have no enemity with them. Bookies have not eaten one rupee from me during the past 27 years. Prior to that, I was also betting with bookies; and my betting range then was 40/- , 80 and in rare instance 200/-.
Punter after punter, parrot like, speak about the dirty games, tricks that bookies employ to loot them. Arre baba, that is their business. What else you expect. Should they bring in bag load of currency and distribute to the punter? Why are you sheepishly falling in their trap? Is it because you bet at half tax! (10% tax). Is that legal? You are accessory, you are supporting to the massive fraud that bookies are indulging and coming with with sob stories after the races are over.
In the recently concluded BNG season, M/s Amruthaya was the leading bookmaker with field money 45,66,120/-. There were 188 races. That means, the leading bookmaker was collecting average bets of 24300/- per race. When there are so many bettors, who individually wager 10k, 20k, 50k or more bets per horse, the bookies pay a pittance to the club & Government. And for this state of affairs, I hold bookies responsible; and punters actively supporting them.
So, what I say is never come with tales of bookies duping you, cheating you etc. Because, in the first place you are also not at all honest. You are not ready to take lower dividend from totes. You are depriving the Government their legitimate tax. I agree that the taxation rate is too high. But, GST act is passed by the Parliament and we have no option but to obey those rules. OR do not bet even 10/-. No body will ask you to pay tax. You smoke. You pay the 28% tax. You consume liquor. You pay the 28% tax. So if you bet, you must pay 28% tax plus club commission. When punters willingly assist the bookies so that the bookies avoid or evade tax, the punters should not point fingers at the bookies or stakeholders after the races.
You should not ask bookies to function fairly. Race betting is like a war between bookies and punters. Both try to loot each other. And most of the time, the bookies always hoist winning flag.
In Military hotel you can order chicken, mutton. But not idli-sambar.