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Very hard to read that chunk of text above, but two things stood out for me:
1) Ramsden was buying share rights that offered both him and the seller a $1,000 profit (minus transaction fees and taxes, of course). But because Ramsden's profit represented 100% of his initial investment, while the seller's was only 20%, then somehow Ramsden's grand was more valuable than the seller's. I don't see that at all. All I see is bits of paper flying around, and the more they fly around the more money disappears in transaction fees and taxes. 2) These warrants were bearer bonds, so could be traded completely anonymously. You always start to get suspicious about what could be going on out of sight with that sort of thing. Happy to be put right by anyone like The Knight, who (unlike me) actually understands these things. |
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It was arbitrage equity transactions exploiting differing prices for the same asset in Ramsden's case Japanese warrants. He gambled on a rising market and got it right. Would have been around the same time Lesson was gambling with Barings money on the Nikkei. Both nailed by market crashes. I can't help feeling they both were in the right place at the right time and then in the wrong place at the wrong time, rather than being super clever at what they did.
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One of his gamlbes mentioned here:
https://www.gambling.com/news/4-unforgettable-cheltenham-festival-betting-gambles-1796400 |
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Bird's photo betting. I've had another look at chapter two and it seems Bird only bet when the optical illusion favoured the far side and he thought the near side had got up, so he'd be backing one when almost everyone else thought the other side had won. That makes it easier to understand how he got his bets on.
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On course bookies would have wised up pretty quickly and shut him down to small stakes on photo finishes. I remember seeing Ida's Delight win in a very tight photo finish at Ascot and I was perfectly positioned in a box and ran dwon to the ring to get a bet on. Even though they were betting 4/6 Ida's Delight nobody would take a £500 bet. One bookie told me I could have £500 on the other one.
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nice aftertime stormzy
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glasgow - I enjoyed Calling the horses as well. The Guvnor (Noel Murless) was another enjoyable read and Steve Donoghue`s too.
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Still, Nobody has answered the original question,
Where is he ? |
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locky7
before bookies shut for lockdown used to see Terry in various betting shops in Blackpool, enjoyed some of his stories about his times as the biggest gambler in the world. Above posted earlier in the thread. That must be more heartbreaking than losing one`s fortune in the shares crash. I`m sure Terry would get over that, no problem, but how can anyone come to terms with swapping California, Bahamas, Bermuda, etc. for Blackpool ![]() |
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Dambuster,why do you care where Terry is,does he owe you? Like the majority who know I would not tell you for any price.He deserves some peace from the vultures who would not even ask if he was still at the top?
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Having known many wreckless gamblers over the years, I came to the conclusion that they only were happy once they had blew the lot. It seemed to be a relief for them when they were skint.
I hope that Terry is well and happy in life and I hope one day he writes that book which is long overdue. He could make some real dough from the book. |
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I think dambuster was just being cynical Glen. Good to see you back btw.
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I got that MM,was just playing devils advocate.As most know my user name is 50/50 Terry's company and Toby Tobias,so many opinions still floating around as to his character etc,mostly valid tbh but the bottom line is he is a human being with human frailties which make him no different to the average human?
Hope you and yours are ok mate..ditto dambuster and everyone else. |
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I believe it was Ladbrokes who went public and pulled
the plug on Terry.Not content with tens of millions in their pockets off him,they rigously persued 20 million he still owed them. |
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We are all fine Glen. Thanks for asking. Were you banned mate or away on business?
I never knew that about your username until I read your earlier post when someone revived this old thread. I never knew Mr Ramsden, but he always struck me as a good guy and a generous man. He was a great character and I wish him well and hope that he bounces back. All the best! |
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gt i thought your user name was to do with glen hoddle and toby inns mate
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He was just a "barrow boy" MM according to the pundits,lazy bastard types who were happy to suck on the teats,they have done it with Sir A.Sugar et al.
Their "like" I hated but there were plenty of individuals like Terry who would and could have just gone back to earning a living through hard graft,the 80s was a nightmare imo,thankfully I was still just an employee of the MOD. |
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chavman nice aftertime stormzy
ffs chav grow up. |
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twas said in jest i apologise if any offence was perceived
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np mate, I'm well into my Friday night virtual drinking so probably over reacting
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Cutter shaked his manhood and smiled at the idiots like Chavgirl on here.
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He doesn't owe me and i'm not being cynicle, i'd love to meet him again, met him once and thought he was a top bloke,
would love to see him back in the game, we need more Terry's in racing. |
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Trouble is dambuster, characters like Terry and Harry Findlay not wanted by the powers that be in racing
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Tbh that was true of his woes in the city too.another person would probably have been bailed out & given the office to go again.but he wasn’t their type.
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Nice picture of Tel dinning out on Ben Keiths twitter acount looks well.
Iam Terry Ramsden i am a stockbroker from Enfield i have long hair and like a bet. great times Tel the 80s and 90s great times as the song went those were the days my freind, sad to say for a lot of us they did cant stop, going to luck after the fobts. hope you are all well Ronnie. |
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Fearless to the extent it was stupid , Laddies just loved him . He was everyones betting idol including mine . I hope he's enjoying life .
Last I'd heard he was doing okay punting smallish in America.. |
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For anybody who is interested Rammo is on Ben Keiths betting people from tomorrow,enjoy
hope you are all well regards Ronnie. |
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thanks ronnie will watch ! hope you are well also. good luck.
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just watched it ronnie ,very good top bloke terry r
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still got the mullet ,he has had the barnett since he was 18 why change it now!
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Anyone else remember a TV documentary about Alex Bird aired in the 1980s? Although he did most of his volume on photos, it wasn't the be all and end all to him. Memory is vague now, I remember him being asked to select from a TV race whilst at home. If memory serves, he picked an Eddery mount (each way) at around the 9-2 mark. I think it placed, but not 100% sure - mists of time and all that...
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Thanks ronnie.....great viewing. Looking forward to see what comes next.
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You are on the money stark I remember it as well, his each way selection definitely placed, didn't win, that's a long time ago.
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Just watched part 1 of the interview with TR. Great stuff and invokes memories of a golden age for horse racing.
It is funny how so many of us remember TR fondly when, in reality, on the horses he was an absolute plonker of a punter! But he did his cobblers with style, and we just do not see people like him today. As for Alex Bird, well his book and the stories about him have never rung true with me. To start with, if he was such a legendary judge of photo=finishes, why did the bookies just have people stand in front of him again and again??? No, instead he stands there stock still with an edge over how he views the tight finishes, bets accordingly, and nobody thinks to stop him by the most simple mends going! Doesn't ring true for me. |
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When asked which he prefered, a 3 mile chase or a 5 furlong sprint, T.R. replied, " the sprint, it's a quicker death". Can't say fairer than that.
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Any updates on how life is for Tel in 2024?
In mean time some old footage and chat with Tel https://twitter.com/horsevault/status/1595104393397145600 https://twitter.com/search?q=terry%20ramsden&src=typed_query&f=top |
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I spoke to him at the last Curragh meeting and hes doing great , mullet still in place if a little greyer...
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