BOOKMAKERS MANIPULATING Returns in UK Horse and Greyhound Racing
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- čas přidán 21. 12. 2023
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Uncover the truth with our latest HQ short reel, "1990 Dispatches: Against The Odds," now on our CZcams channel. This video delves into the eye-opening exposé by Dispatches, revealing how large bookmaking companies manipulated return prices on course for racehorses and greyhounds in the United Kingdom. It's a must-watch for anyone interested in the history and integrity of betting in horse and greyhound racing.
This 1990 investigative program offers a rare glimpse into the darker side of the betting world, highlighting the tactics used by some bookmakers to influence the return prices in racing. The exposé stirred significant controversy and brought to light practices that impacted bettors and the racing industry alike.
Featuring in-depth analysis and interviews, this video provides a comprehensive overview of the methods used by bookmaking companies and the implications for those betting on horse and greyhound races. It's an essential piece of racing history that underscores the importance of transparency and fairness in the sport.
For fans of horse and greyhound racing, as well as those interested in the ethical and regulatory aspects of betting, this Dispatches program is an eye-opener. It not only sheds light on past practices but also prompts reflection on the current state of betting and racing.
Be sure to like, share, and subscribe for more insightful content. Our channel is committed to exploring all facets of horse and greyhound racing, from the thrill of the race to the complexities of the betting industry.
#1990Dispatches #AgainstTheOdds #BettingManipulation #UKHorseRacing #UKGreyhoundRacing #RacingHistory #BettingEthics #RacingIntegrity #BookmakingScandal #RacingBetting #HorseRacingUK #GreyhoundRacingUK #RacingHQ #HorseRacingFans #BettingInsights - Sport
OUTRAGEOUS behaviour from Ladbrokes, Hill and Corals. The betting people being scammed / ripped off.
Great upload !!!
Have you got anymore interesting vids in the archive that you haven't uploaded yet !!!
Thanks
The good old days now days are no good the game is finished
There is no law against greed and corruption if you know the right people.
Lots of flashers white mac's on show here 🤔
I'm American, so bear with me. If I place a bet on an 8:1 horse at my corner bookie in Birmingham don't I get that price no matter how the odds move later on? If bookmakers are simply trying to "balance" their overall exposure by adjusting the odds offered, then no problem. If that doesn't work, let them lay off their risk through the "Tote." So long as it doesn't affect my fixed odds payout of 8:1, why should I care?
Of course in America we don't have fixed odds race betting. We have to rely on rhe Tote. We get whatever the closing combined pools say we should get. It is quite common to see a horse go off at 2:1 and see the final odds drop to 3:2 a minute later after all sources are accounted for. Because your big books take bets on American racing, I suspect that they are at least partially to blame for this phenomenon.
If I am mistaken, please correct me. Thanks in advance.
I don't know how it works in Britain but that is how it works in Australia. Bookies are gutless these days though, they all wait until the tote puts up their prices & follow accordingly. The days of the big gambling bookies are over - in Oz at least.
@@garygraham2934 Thanks for your response. I have been to Randwick and Flemington. Not tuned in to Oz racing. We are spoiled in America with all our data. I never bet the Tote when I was there. When I won, I always got better odds from the bookies.
The downside is that I was also in the UK. I remember winning a few that I bet locally at 3:1 and the Tote ended up paying 9:2.
Back in the early 1970s I ran an unofficial "book" in Chicago. Guys could drop off their bets at a few neighborhood bars based on my lines. The bartenders would call them in to me. I would use my university computer time to figure out my exposure. If I was at serious risk, I would go to the track and lay off to balance. In those days, off-track betting was not allowed, and there was no simulcasting. Also, the telephones were cut off a half hour before post time. These were small potatoes; my limit was $10 USD per bettor, per bar. That's about $100 USD today. Sheesh.
Anyway, if I had to go to the track I also had a taxi license. So, I'd rent a cab and go to Arlington, Hawthorne or Washington Park where I always got preferred parking for free. Usually, I'd get a return fare at least. If not, I'd cruise the airports, train stations and hotels. No dispatch service or cell phones in those days. Anyway, it was fun.
The big books did not take action on horses back then. I was filling a niche. But, when word got around, I got a "talking to" from a couple of guys from Cicero (Al Capone's HQ). Either I paid them, or I'd have to quit. Because I was graduating soon, I said I would quit. So, they said that if I would show them the business, they would pay me a consultancy fee to teach them how it worked. Cool. Once we got to know each other we became friends.
Well, a few months later some shops opened up in Illinois. Anyone could walk in and make bets. Winners had to pay a service fee. These places were legitimate for a couple of years, until the tracks got jealous and opened up their own Off-Track parlors. I like to think I might have had something to do with it. Probably not.
All that has changed now; probably for the better. Punters can get action 24 hours a day, anywhere, by telephone or lap top.
Okay, one last tid bit. In Illinois simulcasting came late. In the early 90s there was a period of time where the local tracks took bets but they were not co-mingled with all the rest. I was at an OTB and liked a horse at Hollywood in LA. He was the favorite at about 2:1, but there was no money in the show pool at Arlington, so I bet a tenner. He won and paid $5,80 to win, I think. But he paid over $80.00 on a $2.00 bet to show.
Okay, one more. At Aksarben (Nebraska spelled backwards), a track in Omaha, a horse at 99:1 aired the field. He paid nothing to win, because no winning bets were placed on him. But, he paid over $400 to place because the win and place pools were combined to compute the payout. That was only the second time I had ever been to the races. My first was in 1955 when Nashua got revenge on Swaps.
Memories. Cheers.
Rob, In Britain a punter could choose whether to "take a price" - taking the odds that are available at the time of bet... Or take "SP" Starting Price. These on course bookmaker agents betting late to shorten prices of those who've been well backed during the morning only alter the starting price, not those who've taken a price. However, when a punter was known to the bookmaker as a good judge they would refuse to allow that punter to take a price. But tbh Why anyone would bet without knowing what price they'd got is beyond me. ... Bookmakers would also not use the British Tote because the whole point of the late bet is to shorten a price in order to lessen their liabilities - to shorten the SP. Betting on the Tote would do nothing to the industry "Starting Price".
If you know what you are doing the bookies will not take a bet from you Hills, Coral's, Ladbrokes, have all given me the sack at this moment in time I can only bet with two bookmakers on line one bookmaker gave me the sack after a couple of weeks funny thing i was losing money with them.
Give me some hints and tips for horse racing please
I was on the panel of a Grand National Preview with a bookmaker('s rep) who had banned me. So in the interval I asked why? He told me that they were no different to any other bookmaker. If any punter's winners beat Starting Price by an average of over 20% the account is closed... Whether it's a winning or losing account. Because if it is currently losing, then if continuing to beat SP by 20% + means he won't be a losing punter for long. Two bookies closed my accounts but the rest just restrict stakes to an extent it's not worth having a bet. All my betting is done on betfair nowadays..
@@markchapman2933 The bottom line they only want losing punters I have started to go racing again I have my phone with Betfair up compere the prices and bet according the thing is nearly every bookmaker at the course also has betfair open and are just looking to arb.
It's the punter that's getting dune every day
Of course. This video is a hidden gem. The likes of Ladcookes and Bentfred the worst.
Forget bookmakers. Just bet on betfair. It is easier to make a profit than most people believe.