Small fry punters and bookmakers caught up in this one by the looks of it.
6 held for betting during India-SA ODI
Six persons were arrested in New Delhi for allegedly indulging in betting during the One Day International between India and South Africa on Friday. The gang was using website www.betfair.com for obtaining the latest fluctuating rates for the stake and betting on the cricket match, Chhaya Sharma, Deputy Commissioner of Police (Outer), said.
Stake money worth Rs 72,000 was recovered from the house in Rohini Sector 16 in Outer Delhi.
Gotta love how Indian journalism traditions forces them to list the entire website address rather than just referring to them as Betfair. Surely not publishing the URL would be a better idea if it was banned there?
Meanwhile, huge amounts were being traded on South Africa at 1.01 today before Yusuf Pathan scared the willies out of the money-buyers with 105 runs off 74 balls.
Showing posts with label punters. Show all posts
Showing posts with label punters. Show all posts
Wednesday, 26 January 2011
Sunday, 9 January 2011
Scoop6 rollover after punters struggle
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Wednesday, 5 January 2011
punters shafted again by lame rules and poor stewarding
The UK racing industry insists on running these low standard all-weather meetings to generate turnover to pay the Levy. The Levy fund isn't enough to provide decent prizemoney for these rubbish events. Ireland, slated recently for not having their all-weather track open during the depths of winter, at least maintain a standard - they have minimum prizemoney levels they refuse to break, meaning they won't just run rubbish races for the sake of it with prizemoney of a case of Guinness.
At Lingfield on Thursday, two low-grade handicaps - Class 6 - the lowest of the low in Britain, and described as "..shit, low-grade handicaps" by the trainer in question, were won by horses which were entitled by 20/1 shots at least, with zero recent form on the board. Both horses were backed into favouritism (which to be honest, wouldn't require millions on such poor races) and won comfortably. The humble punter who wasn't in on the information is entitled to throw his hands in the air and give up when formlines like that can be overcome.
The trainer here, Noel Quinlan, has done nothing wrong - he has simply exploited weak points in the current system, like numerous other trainers have done in the past. But he shouldn't be allowed to do so. Punters fund the industry. It is their losses which go to the bookmakers. It is the bookies' profits which pays the levy which funds racing prizemoney. Keep treating punters like idiots and they will find something else to bet on - football, darts, X-Factor, politics... it's a very long list these days.
Punters deserve to be informed. If trainers are running their horses for prizemoney paid for by PUNTERS MONEY, then they should be forced to declare ALL vet treatment. Australian racing has just brought in a nationwide requirement to report any treatment on a horse appearing for a race:
Trainers will soon have to report all relevant procedures administered to a horse. At present, wind operations, bone-chip removals, etc, do not have to be reported, although there is a rule where a trainer has to report to stipes anything that may affect a horse's performance in the week before a race. ''The rule currently is in relation to what's happened in the lead-up to a race,'' Murrihy said. ''Stewards believe it should be mandatory to report things like wind operations and this will be made public.''
Bookmakers concerned Lingfield betting coup will alienate punters
The stewards at Lingfield on Thursday asked no direct questions of the trainers who landed a betting coup in each of the last two races, it emerged yesterday. Noel Quinlan said he spoke only to the stipendiary steward after the easy victories of Bishopbriggs and Tell Halaf, from the Newmarket stable which he shares with his brother, Michael.
Both horses had started at double-figure odds and been well beaten in their six most recent outings but were sent off as favourites at Lingfield after strong late support. Representatives of the major bookmaking firms said that such events could alienate punters from the sport.
"I didn't go into the stewards' at all," Quinlan said, "The stipe took notes off me, took them to the stewards and they've accepted my explanations. I couldn't see why they wouldn't. We're talking about shit, low-grade handicaps."
Bookies aren't particularly whinging about this case, other plunges have cost them far more financially, it's just the industry will slowly die unless something is done about it.
Keep screwing punters sideways and they'll find something else to do. The addicts will switch to the soulless FOBTs and virtual racing, the more sensible might just keep their money in their pockets.....Posted byScott Fergusonat17:04
At Lingfield on Thursday, two low-grade handicaps - Class 6 - the lowest of the low in Britain, and described as "..shit, low-grade handicaps" by the trainer in question, were won by horses which were entitled by 20/1 shots at least, with zero recent form on the board. Both horses were backed into favouritism (which to be honest, wouldn't require millions on such poor races) and won comfortably. The humble punter who wasn't in on the information is entitled to throw his hands in the air and give up when formlines like that can be overcome.
The trainer here, Noel Quinlan, has done nothing wrong - he has simply exploited weak points in the current system, like numerous other trainers have done in the past. But he shouldn't be allowed to do so. Punters fund the industry. It is their losses which go to the bookmakers. It is the bookies' profits which pays the levy which funds racing prizemoney. Keep treating punters like idiots and they will find something else to bet on - football, darts, X-Factor, politics... it's a very long list these days.
Punters deserve to be informed. If trainers are running their horses for prizemoney paid for by PUNTERS MONEY, then they should be forced to declare ALL vet treatment. Australian racing has just brought in a nationwide requirement to report any treatment on a horse appearing for a race:
Trainers will soon have to report all relevant procedures administered to a horse. At present, wind operations, bone-chip removals, etc, do not have to be reported, although there is a rule where a trainer has to report to stipes anything that may affect a horse's performance in the week before a race. ''The rule currently is in relation to what's happened in the lead-up to a race,'' Murrihy said. ''Stewards believe it should be mandatory to report things like wind operations and this will be made public.''
Bookmakers concerned Lingfield betting coup will alienate punters
The stewards at Lingfield on Thursday asked no direct questions of the trainers who landed a betting coup in each of the last two races, it emerged yesterday. Noel Quinlan said he spoke only to the stipendiary steward after the easy victories of Bishopbriggs and Tell Halaf, from the Newmarket stable which he shares with his brother, Michael.
Both horses had started at double-figure odds and been well beaten in their six most recent outings but were sent off as favourites at Lingfield after strong late support. Representatives of the major bookmaking firms said that such events could alienate punters from the sport.
"I didn't go into the stewards' at all," Quinlan said, "The stipe took notes off me, took them to the stewards and they've accepted my explanations. I couldn't see why they wouldn't. We're talking about shit, low-grade handicaps."
Bookies aren't particularly whinging about this case, other plunges have cost them far more financially, it's just the industry will slowly die unless something is done about it.
Keep screwing punters sideways and they'll find something else to do. The addicts will switch to the soulless FOBTs and virtual racing, the more sensible might just keep their money in their pockets.....Posted byScott Fergusonat17:04
do Irish punters have any rights at all?
Irish racing stewards post a strong case for most useless in the world, allowing races to start while jockeys aren't yet on board, suspending a jockey for overuse of the whip despite the fact he dropped it at the start or an on-course bookmaker doing a runner after a history of struggling to pay up. Now we have another dagger in the back of Irish punters, but this isn't one under their direct control - this is a government issue, a government who set a very high standard for financial mismanagement and cluelessness.
Irish bookmaking chain Celtic Bookmakers have gone into receivership with debts of over €6m, yet are still allowed to trade, taking money off punters as if everything was OK. If a bookmaker shows the slightest sign of insolvency, they should have their licence suspended immediately to protect the industry and the faith of punters.
Yates bookmaking firm in receivership
AIB has appointed a receiver to Celtic Bookmakers Ltd.
A statement from the directors, former minister Ivan Yates and his wife Deirdre, said significant job losses at the betting shops were inevitable.
The receiver, Neil Hughes of Hughes Blake Accountants, will try to sell as many of the shops as possible as a going concern.
Mr Hughes said the company would continue to trade as normal during the receivership and all existing bets would be honoured.
.
.
The directors said that due to significant bank debts of around €6m and money owed to landlords for 'top of the market' rents at shops throughout the country, the company was now insolvent.
This may be perfectly normal for a regular business but bookmakers are not regular businesses. They take money from punters in the form of bets which they (may have to) pay out later once the result is confirmed. A struggling hardware chain exchanges cash for goods. A bookmaker gives you a piece of paper and in this case, you have to hope that they will still be in business the next day!
I've said it before, I'll say it again. A bookmaker should not be able to accept bets from the public without A) lodging a sizeable security bond relative to the size of their business, and B) having their financial affairs monitored by a licensing authority to ensure they are still financially liquid.
The bigger firms should be demanding such policies are introduced to serve as a difficult barrier to entry. The tougher it becomes to swing a satchel, the more rigid the industry becomes and the less rogues we have to deal with.Posted byScott Fergusonat13:45
Irish bookmaking chain Celtic Bookmakers have gone into receivership with debts of over €6m, yet are still allowed to trade, taking money off punters as if everything was OK. If a bookmaker shows the slightest sign of insolvency, they should have their licence suspended immediately to protect the industry and the faith of punters.
Yates bookmaking firm in receivership
AIB has appointed a receiver to Celtic Bookmakers Ltd.
A statement from the directors, former minister Ivan Yates and his wife Deirdre, said significant job losses at the betting shops were inevitable.
The receiver, Neil Hughes of Hughes Blake Accountants, will try to sell as many of the shops as possible as a going concern.
Mr Hughes said the company would continue to trade as normal during the receivership and all existing bets would be honoured.
.
.
The directors said that due to significant bank debts of around €6m and money owed to landlords for 'top of the market' rents at shops throughout the country, the company was now insolvent.
This may be perfectly normal for a regular business but bookmakers are not regular businesses. They take money from punters in the form of bets which they (may have to) pay out later once the result is confirmed. A struggling hardware chain exchanges cash for goods. A bookmaker gives you a piece of paper and in this case, you have to hope that they will still be in business the next day!
I've said it before, I'll say it again. A bookmaker should not be able to accept bets from the public without A) lodging a sizeable security bond relative to the size of their business, and B) having their financial affairs monitored by a licensing authority to ensure they are still financially liquid.
The bigger firms should be demanding such policies are introduced to serve as a difficult barrier to entry. The tougher it becomes to swing a satchel, the more rigid the industry becomes and the less rogues we have to deal with.Posted byScott Fergusonat13:45
Friday, 15 October 2010
Relegation battle baffling punters and bookies alike
With Blackpool currently riding high in the Premier League, and Liverpool occupying one of the relegation positions, punters and bookies could well be forgiven for scratching their heads in wonder as to which team they should be backing to be one of the unfortunate three that will not be playing Premier League football next season.
Even though minnows Blackpool have enjoyed a fantastic start to the season, bookies have failed to react and the Seasiders are still a very short price to spend just one season in the Premier League. With this in mind, punters looking to put football bets on Blackpool may well be wiser having a look at their final league position, rather than simply betting that they are going to be relegated.
One bet which rival fans might enjoy getting involved with is backing Liverpool to complete their fall from grace by joining the likes of Cardiff City in the Championship next season, an occurrence that, despite all the troubles both on and off the pitch at Anfield, bookmakers still believe is an unlikely scenario, which therefore leaves betting fans with some rather tempting odds, even if they are not Premier League tips for relegation.
With the likes of Wigan and Wolves still not presenting punters with great odds for failing to avoid the drop, one side that does hold a far greater appeal, and also offers a reasonable chance of punters seeing a return on their money, is Newcastle United. Although they’ve started the season well enough, they are yet to convince bookies that they are not one of the likeliest sides to be relegated.
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Wednesday, 13 October 2010
Going warning for Theola punters in Cesarewitch
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Sunday, 3 October 2010
NEWMARKET: Havant surprises punters in Oh So Sharp
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