Verifying bookie claims ?

what makes you believe you have the right to such info old chap?

Maybe we dont but I think they are conning us and if they have  laid sizeable bets what is the big deal in verifying same.

They cut a price on the basis of a phone call sq1, they dont even have to lay a bet.

trader or bot looks at Oddschecker and BF, then cuts the price accordingly without laying a penny, normal practice these days

Squirrel, it's like a little cartel - bookie uses the media to advertise price, bookie slashes price having barely laid a bet, bookie then tells media that it has been 'taken for thousands', media then print or broadcast these lies.

Co-incidentally, obviously, the racing and betting media and the bookmaking industry are now each others' most important commercial partners (and the Racing Post is a bookmaker, through its horrible App joint venture with Billy and Lads)...

do they create their own steamers to attract those who follow the so called money..

Of course they do.

How would this work? Who would the bookies verify to? How would this not be an invasion of punters' privacy?

In any case, where is it stated that bookies can't alter prices without taking a bet?

Big Boss is spot on.

Bookies do what they like. They cut prices without having to take bets the second any remotely successful tipster puts a horse selection up.
They don't have to justify anything as there are more than enough mugs out there betting on the casino games and football accumulators to keep their shareholders in profit.
90% of football bets placed across the country yesterday went down instantly because of 1 result. They are weeding out the people with half a brain and selling their bingo, virtual racing, footy acca's and casino games to the 95% without a brain. The income generated from these people means there is no need whatsoever to take any risks from anyone else. Especially when it comes to any horse single bets over £25. Or £10 for the crappy bookies like paddies, boyles, stan James, skybet, etc etc.

@siralex is basically right.

Though I suspect the reason Sir Hugh's tips are slashed is because all Sir Hugh's followers phone up for a bet, rather than because bookies are paying someone to hit refresh on their browser every two seconds on the ATR site. And the same for all the other tipsterers.

Ramruma, as usual, I fear you are being way too generous...

Way too

@millhouse -- think about it. What is the point of paying someone £30k a year to monitor tipsters? It makes more sense to wait for punters to tell them.

I'd be surprised if their computers weren't monitoring Betfair, other books and most importantly their own position in real time but I very much doubt they pay people to phone Henry Rix's hotline.

True story: years ago I used to put tips up on one of the information services used by City traders. Prices would be slashed, yet I knew for certain that none of the bookies had access to our terminals. Prices disappeared because I was tipping to people who'd have fun bets in tons and monkeys.

traders bet with traders simple as.

traders bet with traders simple as.

Traders betting with other firms will look like punters to the layers. Whether traders should be allowed to front-run customer bets is a whole other kettle of fish.

Ram . . . . . your wrong mate, most traders know the other traders. . . one bloke from stoke rang up wanting a lump with another firm . . . the trader knew who he was and offered him £3.65p at the price he wanted.

Ram . . . . . your wrong mate, most traders know the other traders

Yes, but I meant that for the OP's purposes (talking about laying a bet before cutting the price), laying a bet to other traders is the same as laying a bet to anyone else. The bet has been laid so now there is a liability.

Gottcha.

Ramruna..

I fear that you are not quite with it.

"Sir Hugh" and his merry men get on, then the tip is released.

The sheep bet at any price and cannot possibly win as the price has gone.

Usain Bolt has even given up betting....

^ no he ain't.... he bets on distances !