Please select your home edition
Edition
Henri-Lloyd Dynamic Range

America's Cup: Test your knowledge against the TAB - how it works and prices calculated

by Cody Benck TAB 12 Feb 2021 09:07 UTC 12 February 2021
Luna Rossa and INEOS Team UK- Waitemata Harbour - January 23, 2021 - Prada Cup - 36th America's Cup © Richard Gladwell / Sail-World.com

Fans now have the opportunity to test their America's Cup knowledge against the bookmakers at the TAB and maybe make a return of a few lazy dollars.

As well Yachting New Zealand, as a sports controlling body who permits gambling on their sport, receives a dividend from the TAB based on the turnover against the sport/event. Several New Zealand sports bodies receive a very substantial return going into seven figures each year, which is put back into the development of the sport.

Wagering on the America's Cup has been possible in New Zealand for almost 20 years going back the 2000 and 2003 America's Cups in Auckland. Since then some regulatory provisions have been introduced so that the national sporting bodies benefit.

Even if you are not a serious punter it is very interesting to see the prices and odds offered and how these move around after each day's racing. Since the start of the Prada Cup we've been following these as closely as we can, as the TAB prices are really the only way of checking how the market sees the results and where the various team performances are headed.

To check the latest prices and options for the Prada Cup click here

Here's how the TAB have seen the America's Cup Regattas unfold - and the changes in prices since INEOS Team UK had a disastrous America's Cup World Series which saw them paying $41 for each $1 of investment, for the Brits to win the America's Cup. That price dropped considerably when INEOS Team UK was first qualifier for the Prada Cup Final.

In the America's Cup Final sailing fans can bet on each or all of five outcomes:

- Outright winner - Correct score in the best of 13 series - Individual race winner for every race: both pre race and live. - Individual markets specific to each race, eg. team to cross the start line first, number of lead changes, teams to be leading after each leg, teams to capsize, etc.

These can change race-to-race

Historic look at Team New Zealand’s prices:

- Opened last year at $1.40. They moved down to $1.25 at one point during the Christmas Cup Regatta after dominating Luna Rossa on day 1, and then moved back out to $1.37 when that regatta finished after losing to American Magic and showing they were beatable to the market.

- Ever since the Prada Cup began on January 15 2021, their price has been drifting out. The market has adjusted after having a look at the other teams - particularly the dramatic improvement around Team UK - which has forced their price in. As Team UK firmed, Team NZ drifted to the point where they are now $1.70. While the rumours around Team New Zealand and their new foils have been encouraging, all the interest has been for the challengers as they showcased their boats and skills in the Prada Cup, while Team New Zealand have been practicing by themselves away from public scrutiny for the most part.

Example of Price Moves: Team UK improving vs American Magic worsening.

- A industry classic example of how things can change is the comparison of the prices between American Magic & Team UK. Team UK opened at $10 to win the America’s Cup, which moved to $41 after a disastrous Christmas Cup campaign. As news dripped in around their improvement, they slowly firmed to $12, before a dominant display on the opening day of the Prada Cup saw them slashed to just $4. Having qualified automatically for the Prada Cup final they then shortened even more to $2.70.

- American Magic however, opened at $6, which firmed to $4 after a promising Christmas Cup Regatta. This then moved out to $8 as they struggled in the early stages of the America’s Cup, before the capsize and near sinking saw their price plummet to $31. As their boat rebuild took place and things appeared better than the team first anticipated, punters' confidence in the miracle increased and their price got all the way back into $8 before the semi final vs Luna Rossa began.

Looking Forward:

Historically, as obvious as it seems, the fastest boat usually wins the America’s Cup, regardless of tactics. The first race of the America’s Cup final will therefore be crucial. Punters can expect some dramatic price changes early on in the series as we finally see how Team New Zealand stack up against the challenger when it really matters.

If you think you know who has the better boat, the smart play would be to get your bets on before this is shown on day 1 of the America’s Cup final.

Race conditions are also a crucial price mover. Team New Zealand will look to have a very versatile boat across all wind ranges. Luna Rossa prefers the light winds, Team UK the strong winds. Depending on who makes it through to the final, you can expect race winner prices to vary based on the conditions and how they suit each boat.

For an exclusive sign up offer for the Sail-World readers, visit here: click here

To check the latest prices and options for the Prada Cup click here

Related Articles

Simena is born
Ares Yachts launches its first superyacht ARES Yachts has reached a major milestone. The Antalya-based shipyard has made a bold entry into the world of superyachts with the launch of SIMENA, its first vessel in the 60+ metre range Posted today at 8:14 am
The value of insurance.
Fire and boats are never a good mix. It used to blamed on gas, now it is electricity... Fire and boats are never a good mix. In the old days much of it ended up being blamed on gas, whereas today, electricity is often the route cause. Posted on 3 Jul
Jazz Turner Faces Everything and Rises
Non-stop, solo, unassisted British Isles navigation has captivated sailors & non-sailors alike Jazz Turner's Project FEAR, her non-stop, solo, unassisted navigation of the British Isles in her Albin Vega 27ft yacht has captivated sailors and non-sailors alike. Posted on 2 Jul
60m Perini Navi Sailing Yacht Katana delivered
An important milestone in the relaunch of the Perini Navi brand The Italian Sea Group is proud to announce the delivery of S/Y Katana, a 60-metre sailing ketch. This marks an important milestone in the relaunch of the Perini Navi brand, now fully integrated within the Group. Posted on 2 Jul
Packing for a Summer Sailing Weekend
Just because it's summer doesn't mean you're going to stay warm and dry all the time Just because it's summer doesn't mean you're going to stay warm and dry all the time, particularly when you're out on the water. The day may start windless, with a little dew on the ground, but a sea breeze can pick up in the afternoon. Posted on 1 Jul
Jazz Turner completes Project FEAR
Drama right to the end in her non-stop, solo, unassisted navigation of the British Isles Jazz Turner has completed Project FEAR, her non-stop, solo, unassisted navigation of the British Isles in her Albin 27 yacht. A flotilla of supporters met her in Seaford Bay, which grew and grew the closer they came to Brighton Marina. Posted on 1 Jul
New Zero Weight 2-in-1 Shorts from Henri-Lloyd
When the weather's hot, there's nothing better to keep you cool on or off the water When the weather's hot, there's nothing better than Henri-Lloyd's Zero Weight 2-in-1 shorts to keep you cool on or off the water. Posted on 30 Jun
Barton Marine Partners with Amarcord Marine
To Distribute Product Range in Hungary Barton Marine continues to expand its distribution network through the appointment of Amarcord Marine Ltd in Hungary. Amarcord Marine is the sister company of Galco Yachting Ropes, a well-established family-owned manufacturer. Posted on 30 Jun
Preparing my boat for crossing the Atlantic
Nico takes you aboard Sine Finis, revealing essential steps in preparation for an ocean crossing Sailboats navigate through harsh environments, saltwater, waves, wind, and high forces, sometimes violent. Whether sailing for an hour or preparing for an ocean crossing, ensuring my boat is ready and well-equipped is always a priority. Posted on 30 Jun
Grand Soleil 65 Performance
A new chapter in the Plus line Following the success of the Long Cruise version, Cantiere del Pardo unveils the new Grand Soleil 65 Performance: the sportier evolution of a model already celebrated for its elegance, build quality, and onboard comfort. Posted on 29 Jun
GJW Direct - Yacht 2019 - FooterCrewsaver 2021 Safetyline FOOTERPantaenius 2022 - SAIL & POWER 1 FOOTER ROW