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REVISITED : THE FAIRNESS OF INRUNNING BETTING

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Replies: 621
By:
Muqbil
When: 30 Nov 09 13:52
(from wiki)

Thatcherite:

Ones whose walls are covered by pictures Baroness Thatcher, the greatest Prime Minster in the history of British Politics. Recites those famous words on the hour every hour;
To those waiting with bated breath for that favourite media catchphrase, the U-turn, I have only one thing to say: You turn if you want to. The lady's not for turning!
By:
artie
When: 30 Nov 09 14:02
So what has she to do with in running betting ? Is she a player?
By:
chrisblues
When: 30 Nov 09 16:34
Thatcher town at an elevation of 2,900 feet. is in the Gila River Valley approximately 160 miles southeast of Phoenix, 120 miles northeast of Tucson and four miles northwest of Safford in Graham County.
By:
Feck N. Eejit
When: 30 Nov 09 17:05
artie, it's rumoured she's the raw feed guy. She's said to be seething at these course trading rooms starting up.

Doubled is Mark Thatcher (IMO).
By:
SHAPESHIFTER
When: 30 Nov 09 20:02
I believe Mark has extensive knowledge on events in Africa.
By:
Muqbil
When: 01 Dec 09 10:32
Mark would have trousered a good few nicker had his cunning plan been succefully applied.
By:
Moon Light
When: 01 Dec 09 10:34
He seems to have got through the fortune his mother gave him from the Saudi arms deal.
By:
SHAPESHIFTER
When: 01 Dec 09 10:38

Muqbil 01 Dec 11:31
Mark would have trousered a good few nicker had his cunning plan been succefully applied.


Yes, while the rest of the world works to get onto the property market, he would have an entire country :)
By:
Moon Light
When: 01 Dec 09 12:34
He's a reminder of the utter worthlessness of the people at the top.
An antidote to the Daily Mail propaganda which tells us that they are wealth-creating risktakers and utter geniuses.
By:
Rueben
When: 01 Dec 09 12:58
HOW ARE ALL THE MOANERS TODAY ? MAKING SHED LOADS AS USUAL HERE :)
By:
"Stringer" Bell
When: 12 Dec 09 16:26
Panorama is a good shout. Let's put the cheeting course **kers out of the game. Horses going 1000 before the hurdle and then falling a second or two later. Sounds fair pmsl.

Why the 1 second delay? Totally pointless if the TV pics are 3 and 4 seconds behind. If its caveat emptor lets have 1 second or no seconds in football too.
By:
The Magician (100)
When: 12 Dec 09 16:30
spoke to the BHA this week....

fallers CANNOT win.... they WILL be disqualified 100% certain.... accoridng to the BHA
By:
"Stringer" Bell
When: 12 Dec 09 16:33
A longer bet placement delay may be necessary then. Because its not just faller backers who get stung. Lay something else just as a faller comes down and you are hoovered also.
By:
DOUBLED
When: 12 Dec 09 16:41
you can bet 0-0 in football matches after a goal is scored and I don't think 0-0 is still possible !!
By:
"Stringer" Bell
When: 12 Dec 09 16:48
I doubt the sums lost by 0-0 backers compares to the sums one and lost when a hot favourite falls over jumps and 30 desperadoes at the track all have a fastest finger first to make their money for the day.
By:
"Stringer" Bell
When: 12 Dec 09 16:49
*won
By:
DOUBLED
When: 12 Dec 09 16:54
Sorry thought your point was if something cannot win then the bet should be void
By:
"Stringer" Bell
When: 12 Dec 09 16:57
No, my point is the bet placement delay shd be longer than or equal to the delay in the pictures the vast majority are using. Either SIS or ATR.

If there's 8 seconds in football, why 1 second in racing? if the second horse passes the leader near the line this is more significant than a goal in football in my opinion.
By:
The Magician (100)
When: 12 Dec 09 16:59
doubled.... it should be...

but the crazy regulators deicded if a bookie knew a horse had lost ( ie the race was over) they could still accept losing bets - and that was still legal

madness.... labour party... policed by a conservative party that was even more daft than them

caborn
jowel
wittingdale
moss
mcintosh

my god..... these clowns build the gambling act - and NEVER understood it
By:
DOUBLED
When: 12 Dec 09 17:01
A word of advice Stringer - you know how it works and if you don't like it then nobody is forcing you to play .... simples really :)
By:
"Stringer" Bell
When: 12 Dec 09 17:02
Once there is a longer bet placement delay and IR liquidity goes down and the thieves are out of the game and bf's profits are down, the picture speed issue will soon be miraculously resolved (NAP).
By:
DOUBLED
When: 12 Dec 09 17:04
the "thieves" will have made so much by then that it won't matter to them - keep on moaning for a year or so while the boys fill their pockets ;)
By:
"Stringer" Bell
When: 12 Dec 09 17:06
I may include that line in my email to Panorama. Any other pearls of wisdom?
By:
DOUBLED
When: 12 Dec 09 17:07
Panorama - PMSL ........... another delusional and bitter/jealous loser :)
By:
"Stringer" Bell
When: 12 Dec 09 17:16
Dear Panorama

Yes there is a trading room at racecourses where people go and make thousands laying horses that are on the floor. Other people have made millions with raw feed pictures.

In both cases the public at home are betting on something they might not realise has already happened and are being fleeced.

Betfair turn a blind eye to this and even take an extra 20% of the profits.

Racing journalists have been known to bet at the track and at work with faster pictures so have been loathe to discuss the issue.

Staff at SIS are believed to have taken advantage of their faster pictures too and the company charges 7k a year for their slightly slower 'fast pics' they sell on.

The slowest pics are on ATR - a sister company of SIS.

You're right DOUBLED nothing to see here. Lol!
By:
Bet of the Decade
When: 12 Dec 09 17:22
why bet/lay/bother then if you know it's not fair. don't waste your money. simple.
By:
The Magician (100)
When: 12 Dec 09 17:38
to be honest, current tracksiders and courtsiders have nothing to worry about.


Betfair want the comision today over the long term sustainability of thier product ( ie they dont understand)

And the GC ceratinly dont understand and can be fooled into doing whatever gambling opperators want them to do.

read the GC review of IR - it is a inditment on them
By:
"Stringer" Bell
When: 12 Dec 09 17:44
Agree, which is why I believe the only way this issue will be resolved is through bad publicity for betfair - it's the thing they hate most. A Panorama exposé will concentrate a few minds at Hammersmith.
By:
Get On MASSIVE
When: 12 Dec 09 18:06
I look forward to seeing this episode of Panorama.

When is it on please?
By:
chuck6969696969
When: 12 Dec 09 18:11
ive read alot of the post about people being "**s" for taking advantage of fast pics or live at the venue, the bottom line is that they are not doing anything wrong and nor should betfair do anything to stop it its just the way it is.if people bet on something they know may have already happend then its there own fault if there money gets hooverd
By:
Moon Light
When: 12 Dec 09 19:47
While I agree that the tracksiders aren't engaged in wrong-doing, it is not in the public interest for them to be indulged in the way they are now.
It is unlikely that newbies wil understand what is happening to them until they have lost a significant sum. They may then become totally disenchanted and lose all interest in betting on sport, which is not in our interest, never mind BF's.
I don't expect the hooverer's to agree.
By:
chuck6969696969
When: 12 Dec 09 21:45
Joel 19 Nov 01:56
Wouldn't people betting on fallers lose their money anyway whether they have fast pics or not ?:|


this is the most sensible statement on this subject i have ever seen

case closed
By:
"Stringer" Bell
When: 12 Dec 09 21:52
pmsl
By:
GoBallistic
When: 12 Dec 09 23:46
So if no bets can be taken on fallers, how exactly would this be implemented ? Presumably we're not talking about BF suspending the IR market, cancelling all bets and removing the runner for every faller.The alternative seems to point to markets being settled hours after the event
By:
Feck N. Eejit
When: 13 Dec 09 11:38
The tracksiders are **ing betfair, it's betfair the bookmaker who are **ing the dimwits betting from home. Some of these will even be using cable pictures. It's all one saying no one is forcing you to play but if you think everyone reads the forum and knows the degree of the delays then you're delusional about the species you belong to. The fact clowns like Doubled and Reuben claim to be able to make fortunes speaks for itself.

Increasing delays is not the answer as that would just increase the advantage the tracksiders would have. Utilising the bet placement delay to your advantage should itself be looked at.

Betfair realise that giving clear warnings about delays (e.g. pointing all customers to videos showing the raw, sis, atr, cable pictures side by side and illustrating the market maker advantage) would be "ratner-esque" even though they recognise it would be in their long term interests to lose most of the pc payers. The last thing they want is for the dimwits to realise the extent to which they've been **ed in the lead up to a float. I don't think they're looking beyond that.
By:
Moon Light
When: 13 Dec 09 11:49
Wouldn't people betting on fallers lose their money anyway whether they have fast pics or not ?:
this is the most sensible statement on this subject i have ever seen
case closed


We are talking about bets which are unmatched at the time the horse falls, of course.
If the bettor sees the horse fall, he will cancel his bet.
Except it's already been taken, as someone else saw the horse fall some time ago.

hth
By:
frog2
When: 13 Dec 09 11:50
I am not sure how the 'float' really changes things. Wray and Black trousered £15m each for selling 1% each of Betfair to Softbank afew years ago putting a £1.5bn valuation on the company. I doubt the valuation has increased since then.

Surely the float would be to raise new capital to expand the business rather than to payout more to Black and Wray. At the very least I doubt they would sell all their stock. They would still have a longterm interest in the future of the company.
By:
Feck N. Eejit
When: 13 Dec 09 11:54
Maybe so frog but that doesn't change anything I've said. Maybe they'll think more long term after the float but they wouldn't want the boat rocked beforehand.
By:
Rueben
When: 13 Dec 09 12:39
PEOPLE WHO LOSE THEIR MONEY WHEN A HORSE FALLS IN A RACE..... SHOCK. TO ALL THE MOANERS WHY NOT HAVE A FEW QUID ON WITH THE HIGH STREET FIRMS AND SEE HOW MUCH YOU GET BACK IF YOUR HORSE FALLS - DOUGH PEAK HUNTS :)
By:
Feck N. Eejit
When: 13 Dec 09 12:42
Incidentally stringer, I'm not in favour of contacting Panorama. While betfair would deserve all they got I want them to thrive and would prefer they clear up the mess before anything like Panorama happens. Given how corrupt this country now is I'm not even sure this would be on the radar. It pales into insignificance compared to the way we are being shafted by ponces in the financial sector. It's no surprise though that many of betfair's cheeses have a background in that sector.
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