A couple of weeks back we looked at how Betfair SP and TopBetta’s GOAT SP compared to the more common Best Tote / SP offerings. Based on our samples, TopBetta’s GOAT SP – a derivative of the Global Tote – came out on top as the most profitable option.
No sooner had we done that exercise that there was some further movement in the market of tote dividends.
In a very welcome move, TopSport announced that they’d be offering Best of the Best on Saturday metro racing in Victoria, New South Wales, Queensland, South Australia and Western Australia.
Best of the Best is a fantastic product on face value. Taking the ‘Best Tote / SP’ concept a step further, it offers the best price of the three Australian totes or the top fluc price.
Best of the Best is nothing new and has long been considered the premium industry product. It’s been offered by a number of operators over the years, however most have dropped it: with the recent demise of Luxbet, Ladbrokes was the only mainstream corporate bookie still offering BOB. So getting hold of it wasn’t the easiest.
The TopSport announcement was fantastic for punters. TopSport have an unmatched record of fairness toward their punters, with one of the key pillars of their business being that they don’t restrict or close the accounts of winners. Typical of this, their limits for BOB are very high: $5,000 for Victoria and New South Wales and $3,000 for Queensland, South Australia and Western Australia.
Given this, it’s time to run another sample of races and include Best of the Best to see how it measures up. As it’s only available on Saturday metro racing, we used all of those meetings in Victoria and New South Wales since the start of the year:
- 06-Jan-18: Randwick
- Sun 07-Jan-18: Caulfield (meeting transferred from Saturday due to heat)
- 13-Jan-18: Randwick
- 13-Jan-18: Flemington
- 20-Jan-18: Randwick
- 20-Jan-18: Flemington
- 27-Jan-18: Rosehill
- 27-Jan-18: Caulfield
- 03-Feb-18: Rosehill
- 03-Feb-18: Caulfield
- 10-Feb-18: Warwick Farm
- 10-Feb-18: Caulfield
What We Found
There’s twelve meetings of nine races each, so 108 races in total: 54 in each state. Using the same formula of a $10 win bet on each winner, the results are as follows:
The results are fairly mixed! In Victoria, GOAT SP still reigns supreme even in the face of Best of the Best. But that’s not the case in New South Wales, where Betfair SP is far better performed on Saturdays than our last analysis showed.
Of course, once again, the impact of long-shot winners can’t be discounted as they produce such wild variances across the dividends. So we excluded these six races:
And we came up with this revised results:
So there you have it: based on our sample, Best of the Best is the most profitable product on Saturday metro racing.
A larger sample would be very interesting. We have some work in the pipeline for that, so stay tuned.