BOOKIES £60 million down this week at Cheltenham ! True or false ?

You mean they havnt won their usual 60 million

£100 milllion now

FOBT's will have made it back and more

But another three well backed favourites win today !

£100m

Absolute boll ocks, one of the big four actually won on Tuesday hth.

irish gave it all back on ruby today

Did the OP hear that on BBC OR is it true ?

Ireland's economy needs it, when they get back home its 5 euros for a pint o the black stuff...if they get home

why is it always a nice round figure like £60m £100mill, why cant it be £97,345,367 not forgetting the 52p as if

Always makes me smile. Bookies pay six figures for a pitch at Cheltenham and throw money at promotions for one week of the year. Enhanced doubles, enhanced trebles, money back if your horse gets beaten by the favourite, money back if you come second to any horse, etc.

All that, just to lose another £60 million.

I think there is a chance - a small chance - that they might just be talking nonsense.

up £100m after that festival, mighty stuff

if they lose then surely the horses were incorrectly priced

Geof Banks said on the Morning Line today the total bookmaking losses over the 4 days would be £100 MILLION at least .Think he said that B E T 3-6-5 had lost over £10 million on their own !
That will take some getting back
If the £100 million figure proves to be correct then we can expect a drop in Bookmaker share prices when the Market opens on Monday morning .
The Cheltenham Festival used to be a Golden Goose laying golden eggs for the Bookies -but not any more apparently!

I agree with them. I mean I won about 4 million myself so I can see where they're coming from.

How much are they up from cutting the SP of favourites just before the off throughout the year, do they just spend this and forget about it or save it for a rainy day/festival?

or shortening horses when they are aware of them being a non runner for a greater % deduction?

anyway of seeing these bookies accounts?

Might be the profit form half a FOBT wiped out.

imagine all the accounts that will be getting culled because they back a few winners at cheltenham

Just a stat I pinched from another thread that some might have missed . Plenty of FAVS won but £100 staked on every Fav at SP produces a LOSS of £144 over the 4 days

The loss was actually 1.44 points at sp but how many people bet sp at Cheletenham.

mkj
if you have £4m in your account
why do you gamble?

wouldnt suprise me at all if its the only time there telling the truth ,everyone i know won loads best meeting ever.pipe and jonjo  did well all the faves won ,only faves beat were the non mullins ,irish won everything on st paddy day

nina won her race even the cross country was won by art currency placed before

What about the other 51 weeks of the year when they're coining it?? F C U K 'em!!

and people doing the shortie multis could get 6/4 if they win by so many lengths and ruby was trying to get the distances

do they coin it in on racing though ,if they need fobts to subsidize offering odds on racing fcuk it it let them do it

i expect they did every bit of 60million, but it will be to genuine punters who crack away so I wouldntg shed many tears!

Mar 19, 2016 -- 11:35AM, DIK DASTARDLY wrote:

Geof Banks said on the Morning Line today the total bookmaking losses over the 4 days would be £100 MILLION at least .Think he said that B E T 3-6-5 had lost over £10 million on their own !That will take some getting back If the £100 million figure proves to be correct then we can expect a drop in Bookmaker share prices when the Market opens on Monday morning .The Cheltenham Festival used to be a Golden Goose laying golden eggs for the Bookies -but not any more apparently!

Given that 365 made a £410m profit last year, even if the £10m figure is correct, it will only take them about a week to make it back, so I wouldn't lose any sleep for them

BET365 didn't TAKE £10 Million nevermind lose it. WHO exactly did they Lay?

Surpised it isn't a billion ......Min & Un De Sceaux both losing must have cost them a fortune .

can we all crowdfund a f.o.i request?

Mar 19, 2016 -- 12:11PM, bullraider wrote:

mkjif you have £4m in your accountwhy do you gamble?

I have a fiver bet with JP to see who has the biggest bank by August

ae
19 Mar 16 12:19 Joined: 01 May 03 | Topic/replies: 293 | Blogger: argosy's blog
BET365 didn't TAKE £10 Million nevermind lose it. WHO exactly did they Lay?


365 have a massive customer base, just because "we" cant get on, dont for a minute think they dont take millions of bets of "recreational punters" ... or mugs as we call em

send
That's 2 Million x £5

how do you lose such money without laying a bet ?

I'm sure the Press release was drafted a couple of weeks ago to justify them not signing up to the ABP as they couldn't afford it. BAstards.

Geoff Banks...

You have to look at the language - if they 'paid out £60 million', they probably took in £61 million, imo.

Most of them (those listed on stock exchanges anyway) have to report this in their published trading statements, so would hazard the £60mil was close to the mark.

Would have been a lot worse had Squatter landed a blow, reckon a fair few would have been blindly backing the fav, as so many were going in.

min was obv the best result if the week, esp for billies. think how much the 4 timer would of copped and people who had it would of been betting bigger as with more cash in pockets.

for billies, in theory every losing bet was to be refunded up to 700 quid total as well if 4 timer was landed.

AS we all know -they will get it all back one way or another-and without trying too hard .
I would estimate that 70% of punters are of the 'mug" variety,who bet too often and chase losses and bet in the races that favour the bookmaker . Three years experience as Manager of a very busy betting office in Nottm has led me to know that there are VERY few punters who make it pay .

Just had an e mail from s bet we are tightening controls on your account no offers bog and reasons are possible abuse of offers not me but general we will monitor accounts for behaviour we consider to be against the spirit of our company. Recently i have been betting in small stakes on huge acc or golf and twice i won over £300     on these sort of bets. Is this abuse of the company i wanted a £1 patent and was offered 71 pence!

they always lose loads just before someone asks them to pay for the product.

how many of those losses actually became winners when they laid bets off with other books or on here. 

maybe if they counted the losing bets punters had as well as the winners then their figures  wouldn't be so bad.

it must be true
still waiting to get paid from magic sign and billy liars
go in shops and they say GOT NO MONEY
come back tomorrow but tomorrow never comes