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STS I like your sound approach to punting and your contributions to the forum but I'm amazed at what youve written in your 16.10 post and I would be pretty certain you know very little about the real WM.
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Indeed i know nothing about the man. But you don't have to to hold an opinion based on the evidence provided by his manner in which he conducts himself when being interviewed.
One thing i think we can all agree on however is, nothing with wpm is straight forward. |
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@kavvie -- do people realise how rich mr ricci is?
The clue is in the name. And also in his initials: RR. Punters would do well to remember that owners are at best recounting a garbled and out-of-context version of something the trainer or jockey told them three days ago. |
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not our mr ricci hes razor sharp on all things nh.and imagine an investment banker massively rich having a passion for nh racing in ireland .it was a longshot he would stumble across such a remote sport in the context of where he lives and mingles with..
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So we have a razor sharp, multi millionaire banker, doing this sport for fun. OK.
So as a banker. he will be fully aware of the impact on a financial market when the owner talks about targets. It kind of makes it worse, if it's not for financial gain, that his misleading statements shows a lack of respect for the sport. To argue that he was caught unaware and made these comments flippantly is ridiculous. His Bet Bright were at the forefront of marketing preview nights with RR. |
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never trust a man who wears sunglasses all year round.
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he has an eye condition that leads to wearing them
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Was said in jest Kavvie
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Kavvie, have you got posters of RR on your bedroom wall?
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...and that was said in jest x
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no but i feel hes an addition to the sport.and mostly gets a negative press.he has bought a lot of horses and invested in a hobby that most of us would agree is heavily weighted against making money out it as an owner.
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I think he has a genuine interest in owning horses but i dont think hes bringing anything to the sport. If he didnt buy them someone else would.
I dont think his bookmaking is based on interest in the sport though. It doesnt strike me as a hobby or a fun investment - especially if it means people are questioning his integrity. The obvious reason for his bookmaking is its making him money. And there lies a conflict of interest. |
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RR was a colleague and mate of Bob Diamond, the CEO of Barclays (then) who was told to clear his desk in the midst of the Banking Crisis; he was asked to head an investment division of BZW, a subsidiary of Barclays, and was remunerated handsomely when this division was sold; he bought a huge stake in Betbright from his golden handshake costing next to nothing no doubt trying to emulate the fortunes and growth of B**365, a private entity now capitalised at or equal to that of Laddies/Ok Koral, I believe.
Horse Racing is just a sport to Ricci, and everything he does is geared towards promoting Betbri*** and not horse racing; a character like Ricci can only deter prospective customers/racegoers/punters off horse racing instead of attracting them. |
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Betbright are an awful bookmaker, and he clearly is in bookmaking to fleece the punters and make himself a buck.
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It's an obvious conflict of interest from a punter's point of view but it doesn't matter from his point of view as there's nothing to stop him. The betting industry is so weakly regulated it's no wonder merchant bankers are attracted. Regulation of the stock markets, although still pathetic, is more stringent and in theory you can be jailed for benefitting from inside information. I seem to recall the betfair exchange was set up by city types.
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On a slightly different note, I don't know how BSkyB are allowed to have a 20% stake in Skybet and own a Sports News company.
Surely that's a conflict because they can qoute their "sky sources" on SSN or their website, which can massively effect markets, eg next manager betting odds and promote their own company as being top price on x,y,z. I'm sure that probably doesn't happen but it seems strange to me that one company can have stakes in both because its open to manipulation. |