Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
23 Apr 13
20:06
Joined:
Date Joined:
05 Jan 10
with betting scam to pay for designer clothes
•Elliott Short claimed he could make money from successful bets on races
•But 26-year-old lost £1million of his own money and cash from investors
•One man invested £200,000 in Short's scheme but never saw cash again
•Man became suspicious after reading about system in News of the World
By Mark Duell
A gambler who allegedly conned family friends out of £620,000 through a bogus betting scheme spent thousands of pounds shopping for designer clothes at Harrods and Ralph Lauren.
Elliott Short, 26, who lived in Chelsea, central London, was said to have claimed he was able to place successful bets on races and make large sums of money using a layered betting scheme.
But the horse racing expert lost more than £1million of his own money and cash given by investors through unsuccessful gambling and lavish lifestyle, Southwark Crown Court heard.
Christopher Antoniou allegedly invested £200,000 in Short’s betting system, hoping for huge profits - but he never saw the cash again and began to become suspicious after reading an article about the scheme in a newspaper.
The story in the now-defunct News of the World, which claimed Short had made £21million from his scheme, was rubbished by Betfair - which said the figures given by Short were impossible.
Mr Antoniou often visited Short to talk over his investment and said he saw him placing bets by phone while watching races on TV and marking wins by chanting: ‘Who is the Betfair King?’
After becoming friends Mr Antoniou and Short met socially, and Short would go out to trendy clubs and bars in Chelsea and Knightsbridge, a few times each week, the court was told.
Short would ‘typically pay for everything and anyone, showing off his supposed wealth’ and ‘the bills he would run up were usually in excess of £1,000’, Michael Hick prosecuting, said.
The court also heard how Short spent thousands of pounds on designer clothes and hotels.
Bank statements show during 2009 he spent £4,549 at a Hilton hotel and £460 at Christopher Louboutin. The documents also showed a £7,015 spend at Ralph Lauren and £1,825 at Brinkley’s Wine Gallery in Chelsea.
He also allegedly splashed out on a chauffeur-driven Mercedes, jetted off on holidays to Marbella, stayed in plush hotels and frequented top clubs including exclusive Eclipse in Chelsea.
‘Some smaller sums were going to Betfair, whilst bigger sums were going to places like Harrods and the Hilton,’ Mr Hicks said. ‘The money was in fact being spent on maintaining an extravagantly lavish lifestyle.
‘What Mr Short’s bank statements do show is that this money was in fact spent on maintaining a lavish lifestyle - spending money in exclusive clubs, eating out, shipping in various luxury brand shops and going on a holiday to Marbella.’
When the article appeared in 2009, Mr Antoniou confronted Short, who alllegedly said the Betfair statement had been issued by the firm at his request as he wasn’t happy with the story and publicity
Mr Hick said: ‘This was another false story, made up by Mr Short to make him appear successful, and no doubt to convince his investors to keep providing him with money and to attract new investors.
‘However the story prompted Betfair to release a public statement countering the article, stating the claims made were not possible. As a consequence, the News of the World was forced to make a retraction.’
As a result, Betfair allegedly cancelled all of Short’s accounts with them so he could no longer trade.
Short, of Chester, Cheshire, is accused of defrauding James Crawford out of £400,000, Mr Antoniou out of £200,000 and Melinda Barrett out of £20,000 between September 2008 and August 2009.
Mr Crawford, who met Short via his mother and step-father, Rosemary and Tom King, handed over £400,000 after mistakenly believing he was trading successfully, the court heard. He was allegedly told he would receive monthly dividend payments of £70,000, but they allegedly never materialised.
Short is charged with 13 counts of fraud and one count of making or supplying an article for use in fraud. The trial is expected to last three weeks.
Read more: http://www.dailymail.co.uk/news/article-2313618/Gambler-called-Betfair-king-conned-friends-600-000-bogus-betting-scam.html#ixzz2RJaDAGzV
Follow us: @MailOnline on Twitter | DailyMail on Facebook
•Elliott Short claimed he could make money from successful bets on races
•But 26-year-old lost £1million of his own money and cash from investors
•One man invested £200,000 in Short's scheme but never saw cash again
•Man became suspicious after reading about system in News of the World
By Mark Duell
A gambler who allegedly conned family friends out of £620,000 through a bogus betting scheme spent thousands of pounds shopping for designer clothes at Harrods and Ralph Lauren.
Elliott Short, 26, who lived in Chelsea, central London, was said to have claimed he was able to place successful bets on races and make large sums of money using a layered betting scheme.
But the horse racing expert lost more than £1million of his own money and cash given by investors through unsuccessful gambling and lavish lifestyle, Southwark Crown Court heard.
Christopher Antoniou allegedly invested £200,000 in Short’s betting system, hoping for huge profits - but he never saw the cash again and began to become suspicious after reading an article about the scheme in a newspaper.
The story in the now-defunct News of the World, which claimed Short had made £21million from his scheme, was rubbished by Betfair - which said the figures given by Short were impossible.
Mr Antoniou often visited Short to talk over his investment and said he saw him placing bets by phone while watching races on TV and marking wins by chanting: ‘Who is the Betfair King?’
After becoming friends Mr Antoniou and Short met socially, and Short would go out to trendy clubs and bars in Chelsea and Knightsbridge, a few times each week, the court was told.
Short would ‘typically pay for everything and anyone, showing off his supposed wealth’ and ‘the bills he would run up were usually in excess of £1,000’, Michael Hick prosecuting, said.
The court also heard how Short spent thousands of pounds on designer clothes and hotels.
Bank statements show during 2009 he spent £4,549 at a Hilton hotel and £460 at Christopher Louboutin. The documents also showed a £7,015 spend at Ralph Lauren and £1,825 at Brinkley’s Wine Gallery in Chelsea.
He also allegedly splashed out on a chauffeur-driven Mercedes, jetted off on holidays to Marbella, stayed in plush hotels and frequented top clubs including exclusive Eclipse in Chelsea.
‘Some smaller sums were going to Betfair, whilst bigger sums were going to places like Harrods and the Hilton,’ Mr Hicks said. ‘The money was in fact being spent on maintaining an extravagantly lavish lifestyle.
‘What Mr Short’s bank statements do show is that this money was in fact spent on maintaining a lavish lifestyle - spending money in exclusive clubs, eating out, shipping in various luxury brand shops and going on a holiday to Marbella.’
When the article appeared in 2009, Mr Antoniou confronted Short, who alllegedly said the Betfair statement had been issued by the firm at his request as he wasn’t happy with the story and publicity
Mr Hick said: ‘This was another false story, made up by Mr Short to make him appear successful, and no doubt to convince his investors to keep providing him with money and to attract new investors.
‘However the story prompted Betfair to release a public statement countering the article, stating the claims made were not possible. As a consequence, the News of the World was forced to make a retraction.’
As a result, Betfair allegedly cancelled all of Short’s accounts with them so he could no longer trade.
Short, of Chester, Cheshire, is accused of defrauding James Crawford out of £400,000, Mr Antoniou out of £200,000 and Melinda Barrett out of £20,000 between September 2008 and August 2009.
Mr Crawford, who met Short via his mother and step-father, Rosemary and Tom King, handed over £400,000 after mistakenly believing he was trading successfully, the court heard. He was allegedly told he would receive monthly dividend payments of £70,000, but they allegedly never materialised.
Short is charged with 13 counts of fraud and one count of making or supplying an article for use in fraud. The trial is expected to last three weeks.
Read more: http://www.dailymail.co.uk/news/article-2313618/Gambler-called-Betfair-king-conned-friends-600-000-bogus-betting-scam.html#ixzz2RJaDAGzV
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Show More
I'd forgotten this. It made quite a stink 4 years ago on here. I thought Elliott Short was not his real name. Try saying it quickly with a bit of slurring.
Short story on Betfair system is pure fiction
Greg Wood GUARDIAN.CO.UK Tues 30-june-2009The Guardian
The News of the World's piece about a punter who made easy money on internet betting exchanges is drivel from top to bottom
There was good news for punters everywhere this weekend – great news in fact, though if you don't take the News of the World, you may have missed it. Nearly 300 years after organised horseracing began in Britain, one punter has the game absolutely cracked. Elliott Short is his name and laying horses on Betfair is his game.
Short, so this weekend's newspaper assured us, is a 22-year-old former trainee City trader who has made £20m in a year, using a system of such deceptive simplicity it is a wonder no one thought of it before. He lays the favourite and one other horse in every race of the day and, since favourites lose more often than they win, he just watches the money roll in. Ker-ching!
Nothing grabs the attention quite like the promise of easy cash and there must have been plenty of new accounts opened at Betfair on the back of Sunday's story. The only problem, of course, is that it was drivel — and dangerous drivel at that — from top to bottom, as anyone with even a faint acquaintance with Betfair could see.
Short's Betfair account, for instance, an alleged screenshot from which was reproduced in the paper, is apparently the only one in history that deals in nice round numbers. We can only speculate as to why the person who doctored it — and the exchange confirmed yesterday that "the figures shown in the account statement screenshot ... do not reconcile to any Betfair account" — decided to ignore the pennies. An obvious possibility, though, is that it just made it easier to get everything to add up.
Betfair is bound by the Data Protection Act and therefore unable to comment on individual accounts. Nonetheless the exchange also addressed several other claims made in the newspaper article yesterday, in a statement on their website's forum.
Short claimed to have made £1.5m when Binocular was narrowly beaten at Cheltenham in March, yet the exchange says that "no Betfair customer won £1.5 million or anything even vaguely approaching that amount" on the Champion Hurdle. Ditto the half a million Short claimed to have taken on Monsieur Chevalier at Royal Ascot.
The most charitable explanation of how this baloney came to end up in a national newspaper is that the journalist in question was having his chain yanked. As the late Rocky Ryan proved so frequently, there are no end of "stories" that fall into the category of too good to check. A tale of £20m won for very little effort will not be the last of those.
But it is a reminder, too, of the complete ignorance that persists in much of the mainstream media when it comes to the business of betting. Something that many followers of racing take for granted, often on a daily basis, is still regarded with a mixture of awe, puzzlement and deep suspicion in the "outside" world.
But, if there is a positive spin to be found in a story that may well have persuaded hundreds of innocents that laying favourites is a certain path to millionaires' row, it is that it just would not have been the same without horses in the middle of it. Racing is still seen as the definitive betting medium and, if someone is going to win £1.5m by gambling, a horse race just feels like the right way to do it. But it is not, and never will be, an easy way, for Elliott Short or anyone else.
------------------------------------
Betfair Customer Services 29 Jun 2009 13:13
We have been contacted by several customers in relation to an article in Sunday’s News of the World. We would like to make it clear that Betfair was not asked to comment on, or validate any aspect of, the article ahead of publication.
Although we cannot comment on the activities of any specific customer, some facts which may be relevant to some of the claims made in the article include:
the biggest winner in the relevant Britain’s Got Talent market (Susan Boyle winner - Yes/No) won less than £3,000.
No Betfair customer won £1.5 million or anything even vaguely approaching that amount betting on the Champion Hurdle.
No Betfair customer won £500,000 or anything even vaguely approaching that amount laying Monsieur Chevalier at Royal Ascot
The figures shown in the account statement screenshot in the News Of the World do not reconcile to any Betfair account.
The monies present in a Betfair account are obviously no indicator of the sums won or lost on the account.
We would encourage customers to be wary of the claims of anyone purporting to have a profitable system or strategy.
We would encourage customers to retain a healthy degree of scepticism toward any claims made in the press which are not validated by Betfair.
Greg Wood GUARDIAN.CO.UK Tues 30-june-2009The Guardian
The News of the World's piece about a punter who made easy money on internet betting exchanges is drivel from top to bottom
There was good news for punters everywhere this weekend – great news in fact, though if you don't take the News of the World, you may have missed it. Nearly 300 years after organised horseracing began in Britain, one punter has the game absolutely cracked. Elliott Short is his name and laying horses on Betfair is his game.
Short, so this weekend's newspaper assured us, is a 22-year-old former trainee City trader who has made £20m in a year, using a system of such deceptive simplicity it is a wonder no one thought of it before. He lays the favourite and one other horse in every race of the day and, since favourites lose more often than they win, he just watches the money roll in. Ker-ching!
Nothing grabs the attention quite like the promise of easy cash and there must have been plenty of new accounts opened at Betfair on the back of Sunday's story. The only problem, of course, is that it was drivel — and dangerous drivel at that — from top to bottom, as anyone with even a faint acquaintance with Betfair could see.
Short's Betfair account, for instance, an alleged screenshot from which was reproduced in the paper, is apparently the only one in history that deals in nice round numbers. We can only speculate as to why the person who doctored it — and the exchange confirmed yesterday that "the figures shown in the account statement screenshot ... do not reconcile to any Betfair account" — decided to ignore the pennies. An obvious possibility, though, is that it just made it easier to get everything to add up.
Betfair is bound by the Data Protection Act and therefore unable to comment on individual accounts. Nonetheless the exchange also addressed several other claims made in the newspaper article yesterday, in a statement on their website's forum.
Short claimed to have made £1.5m when Binocular was narrowly beaten at Cheltenham in March, yet the exchange says that "no Betfair customer won £1.5 million or anything even vaguely approaching that amount" on the Champion Hurdle. Ditto the half a million Short claimed to have taken on Monsieur Chevalier at Royal Ascot.
The most charitable explanation of how this baloney came to end up in a national newspaper is that the journalist in question was having his chain yanked. As the late Rocky Ryan proved so frequently, there are no end of "stories" that fall into the category of too good to check. A tale of £20m won for very little effort will not be the last of those.
But it is a reminder, too, of the complete ignorance that persists in much of the mainstream media when it comes to the business of betting. Something that many followers of racing take for granted, often on a daily basis, is still regarded with a mixture of awe, puzzlement and deep suspicion in the "outside" world.
But, if there is a positive spin to be found in a story that may well have persuaded hundreds of innocents that laying favourites is a certain path to millionaires' row, it is that it just would not have been the same without horses in the middle of it. Racing is still seen as the definitive betting medium and, if someone is going to win £1.5m by gambling, a horse race just feels like the right way to do it. But it is not, and never will be, an easy way, for Elliott Short or anyone else.
------------------------------------
Betfair Customer Services 29 Jun 2009 13:13
We have been contacted by several customers in relation to an article in Sunday’s News of the World. We would like to make it clear that Betfair was not asked to comment on, or validate any aspect of, the article ahead of publication.
Although we cannot comment on the activities of any specific customer, some facts which may be relevant to some of the claims made in the article include:
the biggest winner in the relevant Britain’s Got Talent market (Susan Boyle winner - Yes/No) won less than £3,000.
No Betfair customer won £1.5 million or anything even vaguely approaching that amount betting on the Champion Hurdle.
No Betfair customer won £500,000 or anything even vaguely approaching that amount laying Monsieur Chevalier at Royal Ascot
The figures shown in the account statement screenshot in the News Of the World do not reconcile to any Betfair account.
The monies present in a Betfair account are obviously no indicator of the sums won or lost on the account.
We would encourage customers to be wary of the claims of anyone purporting to have a profitable system or strategy.
We would encourage customers to retain a healthy degree of scepticism toward any claims made in the press which are not validated by Betfair.
I don`t understand why it ended up in court.They weren`t forced to invest in it,did they not think to look into his p/l records.
Always wondered what became of him.....he was on Facebook for a while....open profile.....all photos of him liking he life of luxury.....
the only question here is, how did the mugs that gave him money, come upon it, in the first place.
A SACKED 22-year-old trainee City trader today reveals how he won a staggering £20 MILLION in a YEAR . . . betting on the horses.
News Of The World EXCLUSIVE
By Simon Ward, News Of The World 28/06/2009
Serial gambler Elliott Short was teetering on the verge of bankruptcy with thousands of pounds worth of debts when he came up with a way of winning regularly that has eluded millions of punters since the dawn of racing.
And today Elliott – who scooped £500,000 from one race while he was giving the News of the World this interview – wants to share his secret with YOU.
“It was just a random idea of mine – and it just suddenly started to work out in a big way,” says Elliott who has won £1.5 MILLION on a
SINGLE RACE using his system. “I had my idea – and I stuck to my guns and now I’m a millionaire. It’s unbelievable but true.”
And you can see just how true it is by having a look at his account with online gambling giant Betfair shown on the right. This was how it stood just four weeks ago when his winnings stood at more than £17 MILLION.
Since then, Elliott has won a further £3 MILLION after a hugely successful Royal Ascot week.
His secret – the Holy Grail of the gambling world – lies within the old betting adage: “There’s only one winner – and that’s the bookie.”
Clever
Add to this a clever system – a basic knowledge of racing – and a few hundred quid to get you started.
“The biggest mistake punters make is that they pick up the paper, see the favourite and put all their money on that horse,” says Elliott.
“That way the only real winner is the bookmaker because they are the ones picking up the hefty stakes every time these horses lose.”
So Elliott decided to turn his betting world upside down – and stop being the punter to BECOME the bookie instead. And gamble on the favourite LOSING.
“On Betfair anyone can become a bookie – and when I discovered this, the money started to pour in,” says Elliott.
Members of Betfair – the world’s largest internet betting exchange – can back horses in the traditional way – but they can also ‘Lay’ bets – which means taking bets from other members around the world, just like a bookmaker.
Elliott’s system is this: Every morning he picks up the Racing Post and in each race he selects the favourite plus another longer-priced runner.
He then invites punters on the website to bet on these horses winning the race and he acts as the bookmaker, taking a maximum bet of £1,000 on each of the two mounts.
More often than not, the favourite doesn’t win – and because Elliott is the bookie, he cashes in. But even if the favourite DOES win the race, Elliott’s system means that all the money punters have bet with him on the LOSING second horse can help him offset any losses. “It is much easier to predict which horses are going to lose, rather than which horse is going to win,” says Elliott.
“There is nothing crooked or illegal about it – I don’t have any inside information on races. I am basing my decisions on the form of horses which is available to all punters.
“The other key fact is that normal bookies take bets on ALL the horses running in the race. That means that they have to pay out on the winner in every single race.
“I don’t. I only take money on two horses – and do a lot of homework to ensure that both those horses will be losers.”
The only overhead on Betfair is the two per cent commission the site takes on all bets laid. Betfair has changed the face of the betting industry and works like the Tote on a race course – where all the bets are put in a pool and an individual horse’s odds is calculated according to what proportion of the pool is staked on it.
The odds on Betfair are broadly similar to the starting prices in the bookies – but the site attracts high rollers who want to bet in huge sums. And Elliott is only too happy to take their money.
At the famous Champion Hurdle at Cheltenham Festival in March, Elliott won £1.5 million because 6-4 favourite Binocular was narrowly beaten.
At the same meeting he scooped £900,000 when 6-5 favourite Kasbah Bliss toiled home more than 20 lengths behind the winner in the World Hurdle. “Even I was surprised about how poorly it did,” says Elliott. “I was jumping up and down on my sofa.” Even as Elliott met with our reporter, an 11-8 favourite, Monsieur Chevalier, was losing at Royal Ascot making him a cool £500,000. “It was one of my favourite races – a five furlong sprint. All kinds of things can go wrong for a horse,” says Elliott.
“The race can be lost in a split second. And that is what happened with Monsieur Chevalier.”
Yet there was a time when the former public schoolboy with A Levels in Economics, Maths and English was a loser himself.
Thrill
He caught the gambling bug at prestigious Malvern College. “I used to bet on everything with my friends and it was an immediate thrill,” he says. And he was sacked from his £22,000-a-year job as a trainee City trader because his firm caught him betting during office hours.
“I am ashamed to say I turned to drink and was losing thousands of pounds on stupid bets. My mother was particularly worried. I thought I could bet my way out of trouble. I was wrong.” His debts meant he was verging on bankruptcy. But then he decided to throw the dice one last time and join Betfair. To get started laying bets he borrowed “a few thousand” from his stepfather and a school friend. “You can limit how much you have to pay out on Betfair – so losses can’t spiral out of control on one race,” says Elliott.
“Say if you wanted to lay a favourite at 1-2 odds and you had £200 in your account, you would be able to take bets up to a total stake of £400.
“If the horse wins you lose the £200. But if it doesn’t, you get the £400 worth of bets. And that’s how you start to earn big bucks. It does sound easy, but it is risky and you have to have capital available to cover the bets if it doesn’t go your way.”
When Elliott started out, he would limit his potential losses by taking bets of £1,000 on two horses in each race.
But as favourite after favourite was beaten his winnings spiralled into tens then hundreds of thousands. That gave Elliott leeway to take even bigger bets.
“I’ve had my knocks and my off-days, says Elliott who once lost £1.9 MILLION on a day – but only when he was already a multi millionaire. “But the profits have by far outweighed any losses and the system has shown itself to work on most occasions, I have paid back all my debts, along with giving both my friend and stepdad a nice commission for their faith. Not many people would have bet on me.”
Now single Elliott – who split with his girlfriend just before he made it big – is planning to close down his Betfair account and bank his TAX-FREE £20 million winnings. But he’ll start gambling again with a £2 million float after some time off.
“I’m going have a holiday and buy a couple of properties. That’s the plan anyway,” he says. “Then I’ll start again. These days I don’t rigidly stick to my system because now I’m more experienced.
“But I think if you’ve got the courage and the determination, and someone who will back your idea in the early stages, then you can earn a lot of money in this manner.
“And if an academically lazy jobless guy like me can succeed, then so can anyone.”
Biggest win
I won £1.5m in one race
IT was Elliott’s biggest win – and by a split second. Binocular was hot favourite for the Champion Hurdle at 6-4 – but Elliott was convinced it would lose.
So he abandoned his system and took bets totalling £1.5 million on the Nicky Henderson-trained runner. “I was in my office and had the TV on. I remember every inch of the race vividly because it was so close. I could see how hard jockey Tony McCoy was whipping Binocular to get it to the front.
“My heart was in my mouth as Binocular, Celestial Halo and Punjabi, a 22-1 outsider, were heading for the line together at Cheltenham. When 22-1 outsider Punjabi won I leapt up in celebration. Then I got my breath back and worked out how much I had just won. That was a very good day at the office indeed.”
Biggest loss
I lost £1.9m in one day
HIS worst day began with a horse called Main Aim. Elliot expected it to lose at Newbury – but it won. And then he made the fundamental mistake of trying to chase his losses.
“I threw all my rules out of the window and tried to win back my money, but I got it horribly wrong,” he says. “I put a packet on the favourite in the next race. But it was won by a 25-1 outsider ironically called Never Lose. And in the next two races neither favourite won. If I had actually stuck to my system I could have probably earned back my winnings.
“It proved to me once and for all why regular gambling is a mug’s game. And when I looked at my bank balance, I had racked up losses of £1.9million Luckily, by then, it didn’t dent my profits too much.”
Tips
ELLIOTT’S tips for picking his ‘winning losers’ are:
* CHOOSE favourites in short distance sprints – like five furlongs. “A short race is always congested and the favourite can get hemmed in. It’s a real lottery.
* WATCH trainers’ form. “When a stable is doing badly, often these horses are not well with a mild virus and they go into races with little chance. Trainers can go for weeks without having a winner.”
* WATCH your second horse’s weight. “Avoid laying runners with the bottom weight in a handicap. Lightly weighted horses can often win at long odds.”
THIS MIGHT LOOK EXTREME ,BUT THE COURTS ARE FULL OF GAMBLERS WHOSE COMMITED CRIMES BECAUSE OF THEIR GAMBLING ADDICTION
And today Elliott – who scooped £500,000 from one race while he was giving the News of the World this interview 
– wants to share his secret with YOU . .Thanks but no thanks
– wants to share his secret with YOU . .Thanks but no thanks
the only question here is, how did the mugs that gave him money, come upon it in the first place.
“The other key fact is that normal bookies take bets on ALL the horses running in the race. That means that they have to pay out on the winner in every single race.
Elliott’s system is this: Every morning he picks up the Racing Post and in each race he selects the favourite plus another longer-priced runner.
He then invites punters on the website to bet on these horses winning the race and he acts as the bookmaker, taking a maximum bet of £1,000 on each of the two mounts.
More often than not, the favourite doesn’t win – and because Elliott is the bookie, he cashes in. But even if the favourite DOES win the race, Elliott’s system means that all the money punters have bet with him on the LOSING second horse can help him offset any losses. “It is much easier to predict which horses are going to lose, rather than which horse is going to win,” says Elliott.
“There is nothing crooked or illegal about it – I don’t have any inside information on races. I am basing my decisions on the form of horses which is available to all punters.
Has to be won of the most amusing pieces of "journalism" of all time
He then invites punters on the website to bet on these horses winning the race and he acts as the bookmaker, taking a maximum bet of £1,000 on each of the two mounts.
More often than not, the favourite doesn’t win – and because Elliott is the bookie, he cashes in. But even if the favourite DOES win the race, Elliott’s system means that all the money punters have bet with him on the LOSING second horse can help him offset any losses. “It is much easier to predict which horses are going to lose, rather than which horse is going to win,” says Elliott.
“There is nothing crooked or illegal about it – I don’t have any inside information on races. I am basing my decisions on the form of horses which is available to all punters.
Has to be won of the most amusing pieces of "journalism" of all time
I only take money on two horses – and do a lot of homework to ensure that both those horses will be losers..................................................and he spends the whole of the article saying he lays FAV's........then gives the game away with this stupid statement.... homework...LOL
academically lazy jobless guy.................lol, and he's talking about homework! the fooking mugs that gave him money, deserve what they got, and thats a NAP
academically lazy jobless guy.................lol, and he's talking about homework! the fooking mugs that gave him money, deserve what they got, and thats a NAP
Wish I could remember the names of the people on here who thought he was the real deal
sounds remarkably like one of bf_f s systems
chavman
or moneytree
chavmanor moneytree
Christopher Antoniou allegedly invested £200,000 in Short’s betting system, hoping for huge profits - but he never saw the cash again and began to become suspicious after reading an article about the scheme in a newspaper.
"There is one born every minute".
Never have there been truer words.
If asnybody could make such figures,why on Earth would they need "Investors" ???
Never have there been truer words.
If asnybody could make such figures,why on Earth would they need "Investors" ???
Don't think anybody thought he was the real deal tbh. The amounts he was quoting always looked silly. What I am surprised ab out is that he is being charged as Elliot Short ( I Lay It Short ffs ).
wait for the movie ....
RAGS TO RICHES AND BACK
footsoldier played by Elliot Short
.... Fill the rest of the cast in yourselfs ...
RAGS TO RICHES AND BACK
footsoldier played by Elliot Short
.... Fill the rest of the cast in yourselfs ...
Winners on bf don't talk about winning on bf.
First rule of fight club....don't talk about fight club
First rule of fight club....don't talk about fight club
that's true dustybin
and no doubt that's partly due to winners engaging in illegal activities. i.e laying the crapolla out of their horses
and no doubt that's partly due to winners engaging in illegal activities. i.e laying the crapolla out of their horses
24/05/2013
4PM CourtNewsUK @CourtNewsUK
Greedy gambler who boasted about being 'King of Betfair' after blowing £620k of investors' cash facing jail
4PM CourtNewsUK @CourtNewsUK
Greedy gambler who boasted about being 'King of Betfair' after blowing £620k of investors' cash facing jail
I don`t understand why it ended up in court. -- it turns out, fraud is illegal. Who knew?
I remember reading it at the time and thought it was bull then.Why are some people such mugs.
fair play to him . wish i could find some mugs to give me money to shop , drink and snort
He's going to have a new system......
6:00 wake up/shower time with Big Mick
7:00 breakfast with Big Mick
7.30 go to work in prison
11:00 30 minutes for lunch with Big Mick
12:00 work
3:00 work day ends/time on prison yard with Big Mick
4:00 return to cell
5:00 30 minutes for supper
6:00 therapy and prayers
8:00 return to cell
11:00 lights out/go to sleep
6:00 wake up/shower time with Big Mick
7:00 breakfast with Big Mick
7.30 go to work in prison
11:00 30 minutes for lunch with Big Mick
12:00 work
3:00 work day ends/time on prison yard with Big Mick
4:00 return to cell
5:00 30 minutes for supper
6:00 therapy and prayers
8:00 return to cell
11:00 lights out/go to sleep
Has his trial started or ended? If ended, what sentence did he get?
May 24, 2013 -- 9:30PM, xmoneyx wrote:
5 years or £100 on every MONEYTREE selection 2013/14
this is all bollocks, his system does work and its because it was revealed and so many people are now winning a fortune that betfair were forced to introduce a new taxation...think it was called pisstake charge or summat
Judge wants to read reports before sentencing probably read the News Of The World article and laugh is asss off
If the lad played up his investors money and blew it gambling and can prove he has done it, what is the
offence he has committed? he has tried his system and it failed, hard cheese. If on the other hand he has
not played it up but trousered it my advice to the lad would eat your porridge whilst it is still hot when it is
cold it is inedible.
offence he has committed? he has tried his system and it failed, hard cheese. If on the other hand he has
not played it up but trousered it my advice to the lad would eat your porridge whilst it is still hot when it is
cold it is inedible.
I'm still trying to get my head around,giving someone 200k of savings to a gambling site
The guy who gave £400000 expected £70000 per month bunce, was he loopy or was he not?
"A gambler who allegedly conned family friends out of £620,000"
If he gets a couple of years for it, the weekly rate is £6k tax free.
If he gets a couple of years for it, the weekly rate is £6k tax free.
Precisely.
They will give him a council house that a single woman would have to pop a kid out for and he's good for benefits for the rest of his life if he is an ex-con. He's set for life, living on our tacks.
They will give him a council house that a single woman would have to pop a kid out for and he's good for benefits for the rest of his life if he is an ex-con. He's set for life, living on our tacks.
If he behaves himself he will be out in 30 months and again if he toes the line
after 6 months he will be in an open prison which is akin to a holiday camp.
after 6 months he will be in an open prison which is akin to a holiday camp.
all these people who lost their money sound like they had far more than they needed - or could handle - anyway ; else they wouldn't have been parted from it so very easily.
Same court same sentence 
Gambler who conned pals in a betting scam jailed for 5 years.
Man who raped girl, 16, in Ilford’s Valentines Park jailed for five years.
Gambler who conned pals in a betting scam jailed for 5 years.
Man who raped girl, 16, in Ilford’s Valentines Park jailed for five years.
Apr 23, 2013 -- 8:40PM, taipan501 wrote:
the only question here is, how did the mugs that gave him money, come upon it, in the first place.
this!
'King of Betfair' who lived lavish lifestyle in top hotels with chauffeur-driven Mercedes and clothes from Harrods after conning family friends out of £400,000 is jailed
Elliott Short, 26, regularly went on holidays and bought designer clothes
Duped News of the World into running story about his apparent success
Claimed he was former City trader who netted £21m from betting system
Dazzled investors with boasts of huge returns - which never materialised.
By Mark Duell 28 May 2013
A greedy gambler who boasted that he was the ‘King of Betfair’ after convincing family friends to sink £400,000 into his bogus betting system was today jailed for five years.
Elliott Short, 26, of Chester, Cheshire, lived a fabulous lifestyle - splashing out on a chauffeur-driven Mercedes, staying in plush hotels and being a regular at exclusive London nightclubs.
Short went on holidays around the globe, spent thousands of pounds on designer clothes from Ralph Lauren and Christian Louboutin in Harrods in Knightsbridge and went to Eclipse nightclub in Chelsea, south-west London.
He even managed to dupe the News of the World into running a story about his apparent success, convincing the now-defunct newspaper that he was a former City trader who netted more than £21million from his betting system.
Short had an impressive office in Knightsbridge and dazzled potential investors with his boasts of huge returns, insisting on paying for expensive items to show off his supposed wealth. One investor was told he would get monthly dividends of £70,000, but they never materialised.
He claimed he could make ‘extremely high returns’ using a system on gambling website Betfair, London's Southwark Crown Court heard.
But the system had never worked and the tabloid was forced to print a retraction after Betfair said the returns Short had quoted were impossible.
A jury convicted him of nine counts of fraud and one count of making or supplying an article for use in fraud, after a five-week trial.
Victims James Crawford - who met Short via his mother and step-father, Rosemary and Tom King - and Christopher Antoniou were each fleeced out of £200,000.
Short was acquitted of four further counts of fraud relating to another £200,000 from Mr Crawford, together with £20,000 invested by Melinda Barrett - a long term friend of Short’s mother.
Sentencing, Judge Peter Testar said Short ‘lied shamefully through his teeth’, adding that he was ‘potentially dangerous as far as the financial interests of others are concerned.’
The judge said: ‘The question is why did these intelligent people with the experience of the world allow themselves to be taken in by you?
‘You proved yourself to be a very accomplished confidence fraud trickster. You left a profound impression of someone who is deeply dishonest and shamefully mendacious. You deployed your charming personality to exploit that instinct in people to trust their fellow human beings.
‘Having conned others you simply poured their money away on hiring helicopters, taking expensive holidays, spending thousands in bars, nightclubs and restaurants and thousands more in shops.
‘You may not have wanted to cause harm to others and through your betting, you wanted to win. Who doesn’t? But the fact of the matter is that of the £400,000 that was paid, very little was actually spent by investing in Betfair.’
Short bowed his head as the sentence was passed, before being led out of the dock. Prosecutor Mark Hick said he had ‘no assets and had some liabilities in relation to utility bills'.
He had been living in rented accommodation until he was convicted and remanded in custody.
Mr Hick said: ‘Despite his claims, Elliott Short did not have a successful betting scheme, and over the period of several months he lost all his investors’ money, either on his unsuccessful gambling, or on funding his lavish lifestyle.
‘Throughout this time, Mr Short continued to reassure his investors that he was making huge profits. Mr Short would celebrate his victories, dancing and chanting things such as ‘Who is the Betfair King?’
‘However, none of his investors received any money back, and it eventually became apparent that Mr Short had been lying to them all along.’
Mr Crawford was told he would receive monthly dividend payments of £70,000, but the cash never materialised. Mr Antoniou lost £200,000 given to him by his mother, Helen.
He too never saw any return on his investment and became suspicious after reading the newspaper article about the scam, although Short managed to fob him off with excuses.
‘Mr Antoniou recalls Mr Short telling him that most of his investors didn’t have a contract for months, if at all, and since he was friends with all of them he would never dream about "f***ing them",’ Mr Hick said.
Mr Antoniou told how Short would insist on paying for everything, shelling out for bills in excess of £1,000, to show off his supposed wealth. Bank statements revealed he spent more than £4,500 on a room at a Hilton hotel and almost £2,000 at Brinkley’s Wine Gallery in Chelsea.
The third victim, Melinda Barrett, a long-time friend of Short’s mother, ploughed £20,000 into the scheme, without ever receiving a penny back. Short denied the charges against him.
Read more: http://www.dailymail.co.uk/news/article-2332115/King-Betfair-stayed-hotels-s...
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Elliott Short, 26, regularly went on holidays and bought designer clothes
Duped News of the World into running story about his apparent success
Claimed he was former City trader who netted £21m from betting system
Dazzled investors with boasts of huge returns - which never materialised.
By Mark Duell 28 May 2013
A greedy gambler who boasted that he was the ‘King of Betfair’ after convincing family friends to sink £400,000 into his bogus betting system was today jailed for five years.
Elliott Short, 26, of Chester, Cheshire, lived a fabulous lifestyle - splashing out on a chauffeur-driven Mercedes, staying in plush hotels and being a regular at exclusive London nightclubs.
Short went on holidays around the globe, spent thousands of pounds on designer clothes from Ralph Lauren and Christian Louboutin in Harrods in Knightsbridge and went to Eclipse nightclub in Chelsea, south-west London.
He even managed to dupe the News of the World into running a story about his apparent success, convincing the now-defunct newspaper that he was a former City trader who netted more than £21million from his betting system.
Short had an impressive office in Knightsbridge and dazzled potential investors with his boasts of huge returns, insisting on paying for expensive items to show off his supposed wealth. One investor was told he would get monthly dividends of £70,000, but they never materialised.
He claimed he could make ‘extremely high returns’ using a system on gambling website Betfair, London's Southwark Crown Court heard.
But the system had never worked and the tabloid was forced to print a retraction after Betfair said the returns Short had quoted were impossible.
A jury convicted him of nine counts of fraud and one count of making or supplying an article for use in fraud, after a five-week trial.
Victims James Crawford - who met Short via his mother and step-father, Rosemary and Tom King - and Christopher Antoniou were each fleeced out of £200,000.
Short was acquitted of four further counts of fraud relating to another £200,000 from Mr Crawford, together with £20,000 invested by Melinda Barrett - a long term friend of Short’s mother.
Sentencing, Judge Peter Testar said Short ‘lied shamefully through his teeth’, adding that he was ‘potentially dangerous as far as the financial interests of others are concerned.’
The judge said: ‘The question is why did these intelligent people with the experience of the world allow themselves to be taken in by you?
‘You proved yourself to be a very accomplished confidence fraud trickster. You left a profound impression of someone who is deeply dishonest and shamefully mendacious. You deployed your charming personality to exploit that instinct in people to trust their fellow human beings.
‘Having conned others you simply poured their money away on hiring helicopters, taking expensive holidays, spending thousands in bars, nightclubs and restaurants and thousands more in shops.
‘You may not have wanted to cause harm to others and through your betting, you wanted to win. Who doesn’t? But the fact of the matter is that of the £400,000 that was paid, very little was actually spent by investing in Betfair.’
Short bowed his head as the sentence was passed, before being led out of the dock. Prosecutor Mark Hick said he had ‘no assets and had some liabilities in relation to utility bills'.
He had been living in rented accommodation until he was convicted and remanded in custody.
Mr Hick said: ‘Despite his claims, Elliott Short did not have a successful betting scheme, and over the period of several months he lost all his investors’ money, either on his unsuccessful gambling, or on funding his lavish lifestyle.
‘Throughout this time, Mr Short continued to reassure his investors that he was making huge profits. Mr Short would celebrate his victories, dancing and chanting things such as ‘Who is the Betfair King?’
‘However, none of his investors received any money back, and it eventually became apparent that Mr Short had been lying to them all along.’
Mr Crawford was told he would receive monthly dividend payments of £70,000, but the cash never materialised. Mr Antoniou lost £200,000 given to him by his mother, Helen.
He too never saw any return on his investment and became suspicious after reading the newspaper article about the scam, although Short managed to fob him off with excuses.
‘Mr Antoniou recalls Mr Short telling him that most of his investors didn’t have a contract for months, if at all, and since he was friends with all of them he would never dream about "f***ing them",’ Mr Hick said.
Mr Antoniou told how Short would insist on paying for everything, shelling out for bills in excess of £1,000, to show off his supposed wealth. Bank statements revealed he spent more than £4,500 on a room at a Hilton hotel and almost £2,000 at Brinkley’s Wine Gallery in Chelsea.
The third victim, Melinda Barrett, a long-time friend of Short’s mother, ploughed £20,000 into the scheme, without ever receiving a penny back. Short denied the charges against him.
Read more: http://www.dailymail.co.uk/news/article-2332115/King-Betfair-stayed-hotels-s...
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Mr Short would celebrate his victories, dancing and chanting things such as ‘Who is the Betfair King?’ What a mug bet'll he'll be ''Queen of the shower'' when the big men get hold of him
What a mug bet'll he'll be ''Queen of the shower'' when the big men get hold of him
98% are losers the other 2% keep their mouth shuts on their holy grail
Post Your Reply
Please login to post a reply.
Wonder
Instance ID: 13539