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I agree with leftit - but I have a question - perhaps it shows my naivety - but these accounts with which he bets in the Saturday hcaps - presumably he's significantly up on them (or most of them) over a year or so - don't the firms notice that and close/restrict them? He seemed to be saying that because he had a bunch of losers amongst the occasional winner on them (obviously, if he's betting at 8/1+), the firm aren't notricing that the account is a winning one. How is that so? Do they not check the account 'balance' - or even the 'horse racing balance' - over a longish period?
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I suspect that he is so blase and magnanimous about the bookmakers not honoring the terms of their licenses because he is no longer a serious punter, relying on his poker winnings for his income.
Judging by the type of betting he still indulges in and the fact that he can get bets on he would appear to be a recreational punter only on horse racing these days. He appeared acutely aware that openly criticising the bookies for their questionable methods was a no no on a bookmaker sponsored channel. |
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watched ruk until about 7pm wasnt was glad to switch over, what a waste of time NC was, really annoyed me that he seemed to think he would be below the bookmakers radar by betting on big saturaday handicaps and also seemed to suggest that you can bet what you like on premier league games, the bookmakers software is very sophisticated and a winner on anything is quickly found and restricted
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*was glad to switch over
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You have to remember that RUK will have thousands of subscribers that have no desire to be a professional or even win significant money. That's different from many Betfair customers and especially ones that post here.
There's no way any pro is going to come on tv and give you the exact methods he uses. Having said that people that say he is not a horse pro may be right. The best point on this tread was that bookies don't want live bets. If you keep backing 8/1 shots that go 4/1 you will get your account closed it they all lose. |
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The best point on this tread was that bookies don't want live bets
What exactly is a LIVE BET? If the books don't want to take early money then simply don't put your prices up early. I long to go back to the days when only a few tough handicaps were priced up in the morning  |
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a live bet is when you use oddschecker to get the best odds
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I'm with IDKW. The model is flawed but such is the supine nature of (almost) all of the racing media that because they are seemingly unaffected personally nothing is said.
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be great if neil highlights any bookmakers that derestrict his accounts since his tv appearances started and will now take a bet providing he keeps quiet
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Cretin on ATR now from Coral sums up the Bookmaking Industry just perfectly.
Who killed Lucy Beale ffs  |
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leftit, i've never said he was a bad person...and i dont doubt people (inc. him) can get on with the bookies if they stick solely to the events the bookies WANT you to bet on. But to devote practically the whole show to talking about bad EW races and arbing, as if they're the only reason a bookie would ever knock you back, just seemed bizarre to me...everyone knows about those avenues and that the bookies will be onto you sharpish if that's your game (which is fair enough). Old news...nothing to see here...waste of an hour.
think it's a bit insulting to be honest if you are going to go around calling someone who isnt pulling any strokes whatsoever a 'dinosaur' for actually thinking the bookies might want to lay a bet at an advertised price or keep your account open beyond 2 winners...these racing channels implore us to come join the Ladbroke Life or to 'stick one on it' all day long...forgive me if i'd like a bit of balance |
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i think another point he was trying to get across was ,that bookmaker have been doing this for near 10 plus years ,its time for people to stop crying about it ,its a simple fact of life .this is how it is .with the close down of accounts ,yet ever week some one is on here crying about the same crap .It really is time to move on from this subject ,yes its not right and i dont agree ,but its simple ,this is how it is now and its not going to change .
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I'm an old person and I've changed my betting habits a lot, and I'm always looking to change again. But I strongly disagree with the idea that just because things are the way the are that people should put with it. That's exactly how people get trampled on by governments and big companies - who rely on fuss dying down after a while to do what the hell they want. I don't moan about the closing of accounts, but I wish more power to the people that do, and I wish the racing press were more vociferous about it, though I understand the points Neil Channing was making about why should a business take on unprofitable business - but they should be shamed about it - publicly - loudly and often = don't give up!! - ever!!!!
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this is how it is now and its not going to change
the reason it wont change is only that it is accepted, even by pro punters obv...if instead, every single person who was thinking of 'joining The Ladbrokes Life' and opening their first betting account was made aware, very clearly, that this fun new pursuit of yours is only going to last IF YOU LOSE (and 90-odd% of you ARE GOING TO LOSE), the bookies would have to totally reassess how they make money, and they may actually have to go back 20+ years to being proper bookies again, instead of being feral capitalist leeches trying to induce the unsuspecting with free bets etc then steering them towards arcade, bingo instead |
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but the truth never stands a chance against corporate marketing budgets, as the younger generation keep reminding us
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the trouble with having a sport mainly followed by older people is that they're almost unable to cope with change.
Most of the young I have met think betfair is a bookmaker and have no idea what an exchange is. |
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The old are the new revolutionaries. The young have been brainwashed by the phone companies, and have coalesced into an amorphous lump by facebook and twitter - they're all mindless morons now.
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We are not new revolutionaries ged. We were already that in the 60s
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It really makes me laugh to hear them going on about "Cash Out". They probably think that's revolutionary.
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Now you're talking sparra. If I wasn't worried about me false teeth falling out I'd have a good laugh about that one.
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If you didn't laugh about it ged, you would probably have to cry.
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I know its annoying when you get accounts closed, but there is no law saying they cant do it, and bookmakers are in it to make money.
its all very well saying people should be told they will only be able to continue betting if they lose, but do you think that will stop people from betting ? get real of course it wont to the majority. They advertise on **** it kills you, people still buy them, they tell you sugar and salt is bad for you, people still eat it. |
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**** = cigarettes
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You'd die if you didnt eat suger & salt. FACT.
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Unfortunately you'll die even if you do loper. FACT.
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'When the ONS (Office for National Statistics) started collating figures in 1974, 45% of Britons smoked...in 2013, it had dropped to 18.7%'
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But the brainless young'uns are vaping and giving back all that hard won ground to the big corps!
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But I think punters/viewers would feel an awful lot better if every time a bookies rep appeared on TV, they had to hold up a placard which said, in big letters, "Customers are not allowed have a winning account". Firms could still advertise, they'd all be on the same footing, so none would have an edge over their competitors, and punters/viewers would feel better - they still wouldn't get all they wanted, but they would at least get some satisfaction, and the truth would be told. If cigarette packets have to declare the facts about the risk of death, and foodstuffs have to declare calorific/ingredient content, why not the less-than-pleasant, but not-so-obvious fact about bookmaker's business? All it needs is the TV companies to have some principles.......ah, I see the flaw.
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Ged, I have said that for a long time.
You are bang on. |
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His own words
The worst times started in 2003 and went on into 2005. I was making lots of money from everything – poker, horse racing and I also had a day job working in betting. I was at the races all the time, playing poker as much as I could and working – I never slept. My bankroll got as high as £980,000 and I felt I was untouchable. Then it all started going wrong in the middle of 2003. I was betting around £4,800 every day on horses and had a bad run for four months where I lost every day, and was spending more and more money on pitches at the racecourse – me and my partner invested £600k in that venture before it collapsed and we eventually sold them on for just £30k. And just if I didn’t have enough things to gamble on at that time I lost £100k on the stock market! I was watching all my life savings go away. My £1 million was no longer there. I’d lost it all and now owed 36 people a lot of money! The only way I thought I could get out of it was to gamble some more. |
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Will you post a snippet from his autobiography at the same time everyday, buzzer?
Should be an interesting read. |
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i agree with what people are saying ,but it has all ready been said ,plus if any of you were big shareholders in one of these firms ,i wonder how much of a charity u would be then ,pappy power share price and dividend has grown alot over the last 6 years or so ,and if i had invested there post 08 ,i would be saying this business model is great ,i also agree that people still bet regardless of known there account will be closed down if its a winning one ,but guest what lads ,most people are not trying to make a liven from it ,if bob lose's 50pounds this sat on the footie and then wins 50 pounds next week ,as far as he's concerned he up 50 pounds...............and a bloody legend
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charity
 ...they are bookies ffs, there's supposed to be some f00kin risk...if i open up a restaurant tomorrow, there's a 50% chance it will have gone out of business within 3 yrs...why should bookies have a licence to print money?i have no problem with them cutting odds if 300 punters all come out of the woodwork at the same time to back Hugh Taylor's tip..i have no problem with them taking evasive action with those who merely play bad EW races...but at least do what it says on the job description and be a f00kin bookie |
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The point is they are supposed to be bookmakers; that is make a book which over time will enable them to make money. They have, largely by deskilling their operations (I think they call it "efficiency savings") got themselves into a position where they are so "frit" that anybody with even the slightest ability is knocked back to derisory amounts. The FOBT development has in effect allowed this as it has allowed the off course chains a risk free cash cow that requires no skill nor ability.
The game to survive needs to offer the prospect that by diligent study, discipline and skill it is possible to make money. The BHA by getting into bed with the big off course chains and being dependent on punters. The only solution to this impasse is for a racing owned tote with huge pools to operate off course with on course bookmakers complementing this on the track. Won't happen of course. |
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**The BHA by getting into bed with the big off course chains and being dependent on punters losing is complicit in destroying this possibility.
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The FOBT's are on the way out parispike,I've been looking in a fair fews shops recently and they aren't anywhere near busy. Several times all 4 machines unused. Perhaps the addicts have done their dough? It wouldn't surprise me, the pit was never bottomless. Now the shareholders will still want a dividend from somewhere and perhaps the bookies will have to employ decent odds compilers to get an edge on the sheep and maybe start taking a view again.Shops are undoubtedly going to shut over the next 18 months probably 25% maybe a third. The retail estate is far too large just to take bets if the cash cow is stopping production.
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i agree 100% about the tote bit ,were racing is healty and the price money good ,there is usually a tote monopoly ,but then would u all not give out about the price .but as a casual punter and racing lover ,i would love the tote monopoly
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Ten years ago I would have been strongly against at Tote Monopoly. Now, if the takeouts were fair and it was not run by Fred Done I would be perfectly happy with it.
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Think the "Scruffy One" mentioned how he kept the traders sweet.
Backing 5 horses e`w in big Saturday handy races. 4 accounts would be losers. Never mentioned the staking plan.  |