Until NSE and Demat came, individual stock exchanges were there. Reforms come slowly in India till then we should play in other countries?

With uniform gst common tote is inevitable sooner or later.It will help mumbai and Chennai clubs most.Both have dismal collections and discourage punters from placing heavy bets on tote.

My thought is on Revenue sharing, how will this be done keeping in mind different mechanisms of club spends and amount of collections.  I have seen this common tote business happening in the US, but unaware how the revenue is split and taken to respective clubs. 

Small still poor punter:

We should welcome, those people also who speak negatively.  I myself has mentioned that  both for & against ideas are welcome.  For that matter, I will not consider "NO" as negative.  I asked their views.  And they replied.

Regarding that punter who got very small dividend, nothing can be done.  The only thing BTC could do is it should at least consider running a combined tote with Mysore.

Srinivasan,

I do not know what are the powers and responsibiliies of Turf Authority of India.  I am not even sure whether it can give directions to its members. (the turf clubs).

Ravi

Software is not & should not be a problem.   The question is whether all the turf club  officers are willing to at least start a discussion.

Cherian,

National tote or All India tote is o k.  But, if at all  National tote is introduced, simultaneously local totes should cease to function.  As on date there is very little business in the tote.  So, I do not think the idea of one more independent tote is realistic.

BVS Prasad,

The HRC steward has a point.  The club is doing roaring business on jackpot pool.   If the unit bet is hiked, that may considerably bring down the sales.  So, he is justified in demanding that other clubs should also fix the unit bet at 5/-.   

Lucky Laxman,

In this case, other turf clubs should have no objection to reduce the unit bet.  I do not think any punter will object either.  Instead of giving 100/- and asking for 10 tickets, the punter will hereafter ask for 20 tickets.

The jockpot of Bengaluru, Mysuru, Madras and Pune are combained. Only Hydrabad, Kolkatta and Delhi are not involved.

If TAOI takes a dicision to do then every club has to follow and make changes in tote according to that.

Where there is a will there is a way.

You cannot implement a common dividend policy, as it is pool betting - it is to be expected that different pool dynamics will yield different results. All India tote can work if it is co-mingled using specific software - allows for net pools to be joined, not gross pools. 

Very possible..but won't be done that's another story. In this digital era, all you need is central processing unit and it will be done. 

You need a set up an independent NATIONAL TOTE  which is not dependent on the venue tote and give members an option to bet either of them. Like we have the National Stock Exchange or Bombay Stock Exchange. I can buy stocks on either of them. 

Already discussions are going on this matter in between clubs the HRC chairman has given green signal on one condition of all the clubs makes Rs. 5 tote on all pools. So if the clubs join wd HRC conditions this may happened. Nothing is impossible let's hope for the good.

I am not able to understand the word 'night mare' used by you in the context. Kindly explain.

there is no impossiple. illegal bookie advise fall ride at good horese at jockey. total loose breeder and horse first owener.

All India common tote is not possible because HYDERABAD RACE CLUB consists highest tote centres than any other club. . And each race minimum 15 lakhs altogether for each race collection by HRC. No club in india is.not getting such huge collection.  

Hi Mr Raghavan,

     That's an interesting post written with purpose but you see how easily those who have responded so far have easily said 'No'. That's the attitude of a majority of our people - here read punters for who have raised this issue in the first instance?

     I believe that anything is possible if the goal is set and work is carried out in that direction to achieve the same. Nothing prevents from Chennai and Hyderabad to hike the tote amount to Rs.10/- and what's the big hurdle that race clubs face in giving shape to a common national tote policy?

     I felt really sad to read about the pittance received by the Mysore punter after breaking an Exacta that's really worth close to a lakh rupees. The amount would have been much more had it been a common tote, isn't it?

     You might have read in newspapers today that six workers of a jewellery shop in Kerala cracked the 'Onam Bumper Lottery' together to share the first prize of Rs.12 crore. In the process, the Kerala Govt also stood to earn a whopping Rs.50 crore through sale proceeds? What does it mean? The more the collections, the more will be the benefit in terms of dividends for all the stakeholders involved that includes the clubs and the punters.

     Of course, there may be certain hiccups initially like delay in payment but all those things can be overcome over a period of time and things will fall in place sooner than later for those who want to earn (and also lose) fast. 

     You know very well that I know more advocate punting but at least for those who enjoy the temporary happiness of winning here and there, let them enjoy it big. That's all. 

     For others who have responded to Mr Raghavan's post with a disappointing 'No', I am sorry to say that your approach to life, in general, and racing, in particular, may also be the same. Let it not be so anymore. Be positive and think positive.....and, if possible, give up racing and start enjoying the real life in full. Thank you

Yes friends.  Any kind of punter friendly measures will not be approved by the Government.  Leave alone Government approval.  The team responsible for conducting clean races are in deep slumber.   And they have no inclination to put up even for consideration one or two aspects that is to the punter's benefit.

Anyway let us wait and see.  Hope, stewards will wake up and indulge in some good act in the coming 3-4 years.

No this wont happen in night mare also

Not possible 

All Turf Clubs have to implement a Uniform Commission policy and now one club to another it varies. So a united tote is difficult

Very difficult to co-ordinate 9 different racing centres with hundreds of brain working in different directions. After the race pay out will be delayed atleast by one race. 

No is the simple answer .