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bookies of a by-gone era...
bookies of a by-gone era...
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Replies: 173
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Tony Queen (Glasgow)
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Bula, do you remember a smaller Independent named Barratts who had shops in the Lothian area in the 70s? If you do, are they still trading?
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How about some of these names from the East Anglia.
Teeny Manning - Ipswich dogs and horse tracks. Bill Hobley - Ipswich dogs then possibly Crayford or Maidstone. Herbert Cattermole - Ipswich dogs remember him using paper sheets with runners written on an black paper strip for prices! Tom Layzell (Ken) - Ipswich dogs plus two shops. Would lay a good bet. Cut my teeth in his shop back in the 80s. Grog - Yarmouth and Swaffham Dogs Arthur Thompson - Yarmouth dogs (recently passed away). Duggie Pye - Yarmouth dogs and horses. H. Gallant - Yarmouth dogs. smothered everyone in chalk. A.J.H. - Yarmouth dogs - always completely different prices to everyone else. Futters off course firm Yarmouth area. Alan Bunney off course firm in Norfolk. John Slapp off course Norwich area. Ted Chapman off course firm Norfolk. Mike Botwright of Bungay recently sold up. Krullinds of Ipswich. Loved working for them. First shop I worked in was size of a postage stamp. No camera, no burglar alarm, Genie settler( never did get the hang of round robins on that), shop was always packed out. company owned by a lovely guy Bert Hatcher who was always trying to out do the big firms. only a hobby business to him. Made his money selling insurance to American servicemen on local bases. |
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 Bring back memories romajude ? |
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How many 'slips'do you reckon you have Coat ? There used to be very many littering the floor behind glass in the museum at Cheltenham - dont know if they are still there.
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Some from Peterborough area
Scotney Bridgefoots R T Hall Eagle Racing Cracknells Braybrooks |
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themightymac
Bula, do you remember a smaller Independent named Barratts who had shops in the Lothian area in the 70s? If you do, are they still trading? Only just saw this, no wonder you think I'm slow. Not sure but there was a bookie in Dundee until recently traded with that name. Had 6 or 7 shops at most. I actually knew him, stays on the road to the Ferry, and was in his house where he runs the credit side of his business from on a few occasions. |
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There was an independent based in Edinburgh with 20 odds shops who sold out to Hills.
Baratts ringing a bell as the name. |
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adding 15 percent to all your bets? was it vat? can't remember.
limits on winnings too. |
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Betting tax was 10% as I remember. One could choose to pay it on striking the bet, or on any returns on said bet.
Optimists paid it on the first mentioned above. |
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The first bookies I ever bet in had ridiculous place limits for ew bets.
3/1 a place in h/caps 16+ runners and 5/2 all other races. |
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I remember when the actual tax collected by the government was 6.75% of stakes and the bookies charged 9%.
The only 15% I know of is the current situation but that is a tax on bookies profits and not stakes. |
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Bookies definitely used to charge 10% tax, may have been reduced later before it was scrapped.
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didn't realise you a young pup crags
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Wasn't saying they didn't crags but I don't know what the government actually took.
I remember it at 6.75% and 8. something but 9% was the only one I could remember the actual tax the government took. |
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stake 90p tax 9p Evs win 1.80
stake £1 no tax return 1.80 pay on |
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stake 90p tax 9p Evs win 1.80
stake £1 no tax return 1.80 pay on |
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Are you drunk?
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Would be £1 at evens pays £2 less 18p tax = £1.82
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Stake £10- tax £1 = £11 pay on. Odds 3/1 horse wins= return of £40. Profit £29
Same £10 stake with tax paid on winnings = £40 - tax of £4=£36 . profit of £26 |
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10% tax
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and yes i have had a few
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You are paying £1 less in the second bet.
Putting the £11 on to level; it out returns £44 less £4.40 deduction = £39.60. So £28.60 profit v £29.00 if tax paid. |
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ie better to pay tax 1st ?
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lol I've tried to make it as simple as possible. the stake is £10 not £11, the tax doesn't count as part of the stake!
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Yes
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In the bookies tax returns crags a £10 bet with the tax of 10% paid on is shown in the stakes as £11.
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ie it is rung up on the till as £11 and the till tally at the end of the day less/plus over/rings/under/rings are classed as stakes.
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aka has filled in many a monthly return to Greenock imo -all on line these days and 1/4ly
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crags I was a bookie and the £10 plus £1 is rung up as £11 and that is the part you pay tax on.
BTW if you see an old bookies rules it stated the deduction (not tax) is to cover tax and running costs. |
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Was by post and weekly when I did it.
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pigeon ?
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 sorry to laugh, aka,but if I had a £10 bet in the days that we used to pay 10% betting tax, then my bet would still be £10, that is what one would have to pay tax on- not complicated at all- so I would have to hand over £11 if I decided to pay the tax up front. You can't then try to tax it again on the sum of £11!You must be very tired or maybe very drunk? Not going to mention stupid  |
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It's you that's being stupid crags. The bookies deduction is just that a deduction and notional in actual fact.
The bookie pays tax at about 7% on his total stakes as run up on his till. So if he has 2 customers both betting in £10s with one paying tax on and the other not and they both have 5 bets with no winners then £105 in total will be run up. If he did no more business that week he'd send his return off showing stakes of £105 and would pay tax on that amount at whatever the rate was ie less than the 10I% he charged the customers. |
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sorry less than the 10% he charged the customers.
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so crags 10% tax
Evs winner stake 10.00 no tax paid u trouser 18.00 stake 9. oo tax paid9.90 u trouser 18.00 aka don't give a fig if u pay tax or not on his return its 9,90 or 10.00 better for the punter to pay tax on - some do some don't or rather did |
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Lots of customers actually think the bookie takes the deduction he charges for paid on bets and that deducted from non paid on bets winnings and puts it aside.
The bookie only lists total stakes as rung up on the till and the nett total of returns. |
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We're not talking about about bookies reductions though, are we?
it's about the punters choice of paying the 10% when placing the bet, or paying it on any winning that they might have. Simples |