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I like others I go racing with do not bet on course. There is just no point trying to beat SP as the on course books just wish to trade on the exchanges. Sadly this is a part of the fun of the game which has gone for ever. At the festival meetings it is easier to find value AP/ Early Prices or win only on the exchanges. This also allows more time to visit the paddock by not trekking up and down lines of books displaying the same price which seldom beats SP .
Where does this leave the books profits after paying up to 10 times the enclosure price (as reported in the RP) when surely they in the main can only be taking fun bets and having to compete with the on course betting shop/tote or racecourse betting option.
Where does this leave the books profits after paying up to 10 times the enclosure price (as reported in the RP) when surely they in the main can only be taking fun bets and having to compete with the on course betting shop/tote or racecourse betting option.
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Too many reasons for the demise of oncourse bookmaking, 99%of those left just exchange traders
The on course pro punter as a species was virtually wiped out by the introduction of betting exchanges, which replaced the 'tissue' as a guide to the opening show.
At the same time the entrepreneurial Irish bookmakers, such as Paddy Power, started the practice of providing prices on every British race each morning (strictly limiting liability) to draw in punters and get clues to what was fancied on the cheap.
This meant that the books that chalked up earliest on course (as late as the horses going to post in some weak markets)now had some real prices to guide them, rather than someone's 'guess up' on a piece of paper.
The result has seen bookmakers pricing up the 1st race of the day, invariably a maiden/novice, with confidence an hour before post time with outsiders at anything up to 500/1.
The ricks that were inherent in the 'tissue' no longer existed.
At the same time the entrepreneurial Irish bookmakers, such as Paddy Power, started the practice of providing prices on every British race each morning (strictly limiting liability) to draw in punters and get clues to what was fancied on the cheap.
This meant that the books that chalked up earliest on course (as late as the horses going to post in some weak markets)now had some real prices to guide them, rather than someone's 'guess up' on a piece of paper.
The result has seen bookmakers pricing up the 1st race of the day, invariably a maiden/novice, with confidence an hour before post time with outsiders at anything up to 500/1.
The ricks that were inherent in the 'tissue' no longer existed.
I beat SP with the books at Leic last week a couple of times, though no doubt I could have had a touch more on BF or at BFSP. At top end of the market not all were the same price and some went one increment higher. Undoubtedly the outsiders will have been better on here, especially the ones for which today is not the day.
Not sure how the lads make it pay though. Rails seemed busy enough, but the last bookie in line in the main stand was Gary Wiltshire who never seemed to attract much business all day and was squinting at his screen under the hood every pre-race looking like he was just hedging off continually on whatever small bits he did take.
The ring pre-BF will never return to what it was. That is certain.
Not sure how the lads make it pay though. Rails seemed busy enough, but the last bookie in line in the main stand was Gary Wiltshire who never seemed to attract much business all day and was squinting at his screen under the hood every pre-race looking like he was just hedging off continually on whatever small bits he did take.
The ring pre-BF will never return to what it was. That is certain.
If the offcourse firms did,nt play into the oncourse markets ,how would the oncourse bookmakers exist.
they only "play" with the same six books each day , swampy.
TO THE OP,WALOFB,THE ONLY WAY YOU COULDNT BEAT THE SP WOULD BE IF YOU WERE BLIND(IF YOU ARE I APOLOGIZE),YOUVE OBVIOUSLY NEVER SET FOOT ON A RACECOURSE,COME RACING!
The off course have a £1200/800 that's 2.88 on exchange once a week, is that a business?
ONLY ADVICE ON RACECOURSES,DONT BET EWAY WITH YORKSHIRE BOOKMAKERS
It is a pity that the ring cannot return to what it was but when you think about it, there's no reason why it cannot.
If you view the exchanges as an optional hedging facility, then surely there is more meoney to be earned by traditional bookmaking.
But I hear you say, "That would be no good because the on-course prices would be clearly below the exchange price"
That maybe but there are still some points in favour of betting cash on course namely:-
No commission;
No premium charge;
Liquidity is not a problem;
The possibility of asking for fractions;
No risk of an exchange crash.
If you view the exchanges as an optional hedging facility, then surely there is more meoney to be earned by traditional bookmaking.
But I hear you say, "That would be no good because the on-course prices would be clearly below the exchange price"
That maybe but there are still some points in favour of betting cash on course namely:-
No commission;
No premium charge;
Liquidity is not a problem;
The possibility of asking for fractions;
No risk of an exchange crash.
the majority never get a sniff..but as most on here want to believe course business is poor to non existant good luck to them
20 years ago daily t/o £50K, at least 10 colleagues hedging with me, now, t/o £10K no hedge accounts
20 years ago was much better because the majority of books hadn't a clue what they were doing.
todays modern bookmakers , the same majority still don't have a clue but have the exchanges to bale them out
todays modern bookmakers , the same majority still don't have a clue but have the exchanges to bale them out
20 years ago, only half dozen books would lay £700/400 now with exchange back up all do.
8 YEARS AGO EVERY BOOK IN YORKSHIRE HAD TO BET TRADITIONAL EWAY TERMS EVERY RACE,NOW THERES ONE 
20 years ago, only half dozen books would lay £700/400 now with exchange back up all do
That is so true, the squeaky mice became roaring lions overnight
That is so true, the squeaky mice became roaring lions overnight
INTHEKNOW,THE CORALS BETTING SHOP MANAGER ON TV LAST NIGHT,HOW DID YOU AND HIM GET BRAINWASHED,WERE YOU RADICALISED ONLINE???
WERE AS THE LIONS OF 20 YEARS AGO,HILLS LADS,CORALS DONES,BECAME SQUEAKY MICE OVERNIGHT
Adge 10.49 post,spot on,Loper obviously correct as well,the exchanges have taken most of the fun out of it.Although in other news decent pitches seem to be bringing more than ever.
yes ribero1 , Beverley no 12 with a reserve of 12k just sold for 16k
ntheknow 21 Jul 15 11:54
Facts, you are really quite deluded these days
So true and that has been evident for some time - he lives in Fantasy Land ........
Facts, you are really quite deluded these days
So true and that has been evident for some time - he lives in Fantasy Land ........
barry dennis
Date Joined: 23 Jan 02
21 Jul 15 09:07
Too many reasons for the demise of oncourse bookmaking, 99%of those left just exchange traders*
* arbers
Date Joined: 23 Jan 02
21 Jul 15 09:07
Too many reasons for the demise of oncourse bookmaking, 99%of those left just exchange traders*
* arbers
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