Gold Circle Pty (Ltd)

Today's Racing :

Don't miss Inside Racing tonight

Phumelela chief executive (SA) David Attenborough and Patrick Loker, Gold Circle’s commercial director, will appear on Inside Racing on Tellytrack (channel 232 DStv) on Monday night 18 January to address all aspects of the significant late changes to TAB payouts caused by large international wagers taken just before pools close.
Overseas bets currently comprise more than 30% of TAB Win and Place pools and the growing volume of international bets with TAB often results in significant differences between the final official payouts and those displayed at the start of a race.
Pools are closed immediately a race starts and no bets can be taken within South Africa or overseas after that. But it can take up to a minute after pools have closed for TAB’s computerised betting system to receive final pool totals from its international tote partners.
Immediately these are received, TAB’s system instantly does a final scan and generates the final payouts. Given that huge amounts of money are bet at the last moment, it is unfortunately unavoidable that payouts shown at the start of a race change, sometimes significantly, once the TAB system does its final scan.
Obviously ways are continually being sought to reduce the time between the start of a race and the final pool scan.
Inside Racing starts at 8pm and Attenborough and Loker will be first up on the show.

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