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Bookmaker hits out over rule 4 'sharp practice'
BY JON LEES 9:31AM 4 JAN 2017
A PROMINENT racecourse bookmaker has described the shortening of the odds of horses who appear likely to become non-runners - and therefore cause a rule 4 deduction from winning bets - as a "sharp practice" that is occurring too often.
Andy Smith, of Festival Racing, claimed it was well known for bookmakers to cut the odds of potential non-runners as it was confirmed Cockney Wren, the horse who was listed in the betting when already ruled out of the last race at Cheltenham on Sunday, was cut to 14-1 before the off. That price ensured a deduction of 5p in the pound would be charged.
Cockney Wren was priced up in the market for the 3.40 race despite having been declared a non-runner before the previous race. The information was announced on the course but not picked up in the betting ring or passed on to the off-course market until the race had started.
The non-runner was posted on the Racing Post's raceday live service at 2.57, but was not available on the BHA's racing administration website owing to a technical issue.
****, the exchange into which course bookmakers hedge, confirmed the horse had drifted to 26.32 at the off. But in the betting show relayed to shops Cockney Wren shortened to 14-1 (from 16) at 15.39.08s, after easing to 16-1 (from 14) at 15.38.46s.
Smith, who has pitches across the West Country, including at Cheltenham, was not in the ring on Sunday but said: "I'm very strongly against some of the sharp practice with rule 4s - it's getting out of hand.
"It's a known practice of some on-course bookmakers. I've been approached a few times to shorten a horse who is playing up or running loose and looks like it's not going to run.
"A horse can be 10-1 and you see bookies shorten it up to 9-1 late when it's loose to get a bigger deduction - it's probably 16-1 on the exchanges. On £1,000 they are saving themselves £50 if it's a 5p deduction.
"The people who are going to save the most are the off-course firms, but I've never known an off-course firm ever to want to shorten in this way. It's very hard to stop, but I'd never go along with it. I'd be more a rebel in wanting to play ball."
No rule 4 is applied on horses priced above 14-1 and the Horseracing Bettors Forum (HBF) said it had flagged up the issue of policing betting markets with the Gambling Commission.
In a statement, the HBF said: "The Starting Price Regulatory Commission has made it clear they see their job as reporting starting prices and not in ensuring the wider integrity of the betting market. This vacuum presents an opportunity that the unscrupulous could seek to exploit and so it is left to the likes of Racing Post and HBF to highlight legitimate concerns without having the authority to improve matters.
"HBF is currently engaged with the Gambling Commission in an attempt to make that body aware of just how unsatisfactory this situation is. Without proper vigilance, incidents like the one at Cheltenham are liable to happen without any body or individual being tasked with ensuring all was above board."
BHA spokesman Robin Mounsey said: "We have identified what caused the technical issue with the Racing Admin website on New Year's Day. This has been rectified to ensure that the system failure, which has never occurred before, will not be repeated in the future so that news of non-runners is made widely available as quickly as possible."
BY JON LEES 9:31AM 4 JAN 2017
A PROMINENT racecourse bookmaker has described the shortening of the odds of horses who appear likely to become non-runners - and therefore cause a rule 4 deduction from winning bets - as a "sharp practice" that is occurring too often.
Andy Smith, of Festival Racing, claimed it was well known for bookmakers to cut the odds of potential non-runners as it was confirmed Cockney Wren, the horse who was listed in the betting when already ruled out of the last race at Cheltenham on Sunday, was cut to 14-1 before the off. That price ensured a deduction of 5p in the pound would be charged.
Cockney Wren was priced up in the market for the 3.40 race despite having been declared a non-runner before the previous race. The information was announced on the course but not picked up in the betting ring or passed on to the off-course market until the race had started.
The non-runner was posted on the Racing Post's raceday live service at 2.57, but was not available on the BHA's racing administration website owing to a technical issue.
****, the exchange into which course bookmakers hedge, confirmed the horse had drifted to 26.32 at the off. But in the betting show relayed to shops Cockney Wren shortened to 14-1 (from 16) at 15.39.08s, after easing to 16-1 (from 14) at 15.38.46s.
Smith, who has pitches across the West Country, including at Cheltenham, was not in the ring on Sunday but said: "I'm very strongly against some of the sharp practice with rule 4s - it's getting out of hand.
"It's a known practice of some on-course bookmakers. I've been approached a few times to shorten a horse who is playing up or running loose and looks like it's not going to run.
"A horse can be 10-1 and you see bookies shorten it up to 9-1 late when it's loose to get a bigger deduction - it's probably 16-1 on the exchanges. On £1,000 they are saving themselves £50 if it's a 5p deduction.
"The people who are going to save the most are the off-course firms, but I've never known an off-course firm ever to want to shorten in this way. It's very hard to stop, but I'd never go along with it. I'd be more a rebel in wanting to play ball."
No rule 4 is applied on horses priced above 14-1 and the Horseracing Bettors Forum (HBF) said it had flagged up the issue of policing betting markets with the Gambling Commission.
In a statement, the HBF said: "The Starting Price Regulatory Commission has made it clear they see their job as reporting starting prices and not in ensuring the wider integrity of the betting market. This vacuum presents an opportunity that the unscrupulous could seek to exploit and so it is left to the likes of Racing Post and HBF to highlight legitimate concerns without having the authority to improve matters.
"HBF is currently engaged with the Gambling Commission in an attempt to make that body aware of just how unsatisfactory this situation is. Without proper vigilance, incidents like the one at Cheltenham are liable to happen without any body or individual being tasked with ensuring all was above board."
BHA spokesman Robin Mounsey said: "We have identified what caused the technical issue with the Racing Admin website on New Year's Day. This has been rectified to ensure that the system failure, which has never occurred before, will not be repeated in the future so that news of non-runners is made widely available as quickly as possible."
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Nice of Mounsey to say that the "system failure" will not be repeated in the future, yet not a word about the shortening of horse to gain the rule 4. Is every person who works at the BHA a complete waste of space?
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They need to address E/W betting too. We need to start having a reserve horse in these 16 running handicaps. You could actually offer odds on which horse will be the none runner.
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chelt 235
New Year's Day rule 4 50%  |
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Should be "an opportunity that the unscrupulous can and do seek to exploit"
IMO. |
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and whilst we are here, the shortening up of drifting favs near the off on the gaff tracks
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They need to address E/W betting too. We need to start having a reserve horse in these 16 running handicaps.
Reserves are a pita imo. |
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Interesting points (imo) in the OP are:
1) it is the on-course books that are the problem, not the big off-course chains 2) it is no-one's job to worry about the integrity of the SP system |
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an 8
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Ramruma
Not all on course books are a problem there are plenty who would not want or try something like this and plenty who would not even bother taking a 5p reduction. |
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the corruption in this game never ceases to amaze.
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Happy to be corrected if I;m wrong but hasn't Andy Smith just about sold up on course?Certainly sold his good pitches at Cheltenham and Newbury.
As for the on course books being the problem utter nonsense imo,there are plenty of idiots when they see a horse bolt before the start they follow the drift out on here and often double its proper odds before the inevitable withdrawal therefore jeopardising any deduction they may be entitled to. Secondly rule 4 is massively in favour of the punter in most cases. |
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ttt
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ribero , no point trying to explain that r4 favours punters as they just don't understand
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Andy Smith talks a lot of tosh if you ask me.
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Rule 4 is probably the biggest advantage a punter has over bookmakers. For that reason it's always better to keep quiet when these kinds of controversies arise, just in case some busybody sees it as an opportunity to take a look at the whole business of Rule 4.
Back in the happy days before Betfair, when I used to go racing, Andy Smith was as much a punter as a bookmaker, so I can see why he'd be pee'd off with this sort of thing. |
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ribero,I would like to point out to you that the shortening of likely withdrawn horses has been going on for many years,as you only too well know.It has gone unchecked,and as highlighted by another poster,nobody seems to want responsibility.
From your many posts on here you come across as a decent bookmaker,so why defend the con merchants,and their sharp practices.It is yet another nail in the coffin,and decent bookmakers should tell their members to "toe the line",not only with this farcical practice,but with other things,like crazy e.w. terms,that ruin the ring for you,and other decent layers. |
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Exactly Screaming.
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the problem , unbiased , is that we do not choose the bookmakers who are responsible for betting shows or starting prices and can have no say in the tricks that they may or may not get up to. there are the vast majority who offer bigger prices which hold up in the betting ring ..
as regards andy smith [ who was not present on the course ], he is selling up and getting out so a clear mischief maker |
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Bet next to andy smith in family enclosure at epsom,second year.couldnt stop himself from bragging how good it was.
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bookmakers do lose out big time on Rule 4's so I can fully understand why they would want to claw a bit back, however underhand the method behind it
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Waiting to bet ,a family of four approached and asked "what do we do"
My shoulders slumped as my wife patiently explained.stake and number etc. £2.50 ew 2 £2.50 ew 4 £5 ew 6 And £25ew the 7 for me please. I then heard my wife say "have your numbers ready to save queing twice when you drawing"she then looked at me,winked and said "im getting the hang of this" I was still laughing ten minutes later. |
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2.5 ew , 2.50 ew 5 ew and 25 ew, give the guy a diary.
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Regulator's concern
over 'sharp practice' BY BILL BARBER 7:12PM 4 JAN 2017 THE Gambling Commission has expressed concern over allegations that some bookmakers shorten horses to cause or increase a rule 4 deduction and has called for those with evidence of wrongdoing to come forward. The news comes in the aftermath of Cheltenham on Sunday, when Cockney Wren, who was listed in the betting when already declared a non-runner, was cut to 14-1 before the off, ensuring a deduction of 5p in the pound would be charged. On-course bookmaker Andy Smith of Festival Racing said he had been approached a number of times to shorten up horses who appeared unlikely to run, describing it as "sharp practice". Gambling Commission executive director Tim Miller said: "If there is clear evidence that operators have deliberately shortened odds to invoke rule 4 and consequently reduce payouts, we'd be extremely concerned as it would be contrary to the statutory obligation to ensure gambling is fair. We'd encourage anyone with clear evidence of this to share it with us. "The industry needs to remember that its long-term viability is built on customers having trust that they're being treated fairly. Anything that is, or could be perceived as, unfair risks damaging the reputation of the industry as a whole." The Horseracing Bettors Forum (HBF) has said it had contacted the industry regulator about its concerns about the wider integrity of the betting market. Miller added: "We've engaged recently with the HBF on the issue of rule 4s and other concerns they have relating to betting markets - we believe it is essential that we and the industry listen to groups set up to represent the interests of consumers." |
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On certain days I absolute dread hearing of a withdrawn horse I for one don't didn't anything if I'm 16+ a horse and the price as been announced 14/1 and is a 5p deduction.But two days spring to mind in my experience where I felt we were very lucky to get off the track unscathed once at Chester where a 15p in the pound was called and the lack of information over the tannoys resulted in arguments galore for everybody and another at Redcar where a short price Fav was withdrawn at the start resulting in two of us trying to explain to about 20 lads about 35p in the pound deduction
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I was at Beverley one Saturday and had waited ages in a queue to be paid out for an each way bet, unfortunately a horse had been withdrawn and when I finally got paid out the bookmaker told me I was the only one not to query the amount paid.
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Well let's see if anybody has clear evidence then as the gc request.
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WHY ARNT THE USELESS GAMBLING COMMISSION LOOKING INTO THE DAILY OCCURANCE OF SPS THAT ARE RETURNED TO BETTING SHOPS THAT HAVE LITTLE OR NO RESEMBLENCE TO PRICES BEING OFFERED IN THE RING A FAR BIGGER PROBLEM THAN A FEW BOOKMAKERS SHORTENING A HORSE THAT MIGHT GET WITHDRAWN! HOW CAN TIM MILLER COME OUT WITH A STATEMENT ABOUT "THE INDUSTRY BEING BUILT ON CUSTOMERS HAVING TRUST THAT THEY ARE BEING TREATED FAIRLY" WHEN PUNTERS CANT GET PAID OUT ON HORSES THAT HAVE WEIGHED IN WITH BOTH WILLIAM HILL AND BETFRED AND HAVE TO INDIVIDUALY GO TO COURT TO GET PAID,ALSO BETFAIR REFUSING TO PAY OUT ON INRUNNING BETS THAT HAVE BEEN MATCHED,YET A SMALL INDEPENDENT SHORTENS A HORSE UP THAT MIGHT BE WITHDRAWN AND THE GAMBLING COMMISSION STATE THEY WOULD BE "EXTREMELY CONCERNED"THE SOONER THIS NOT FIT FOR PURPOSE QUANGO ARE DISSOLVED THE BETTER!
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Factmachine as I am sure you are aware when a horse gets loose or plays up almost ever bookmaker chases the price out as per exchange instructions nobody shortens them as I say lets see the evidence the gc have requested.
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Maybe the GC should focus on who is forcing them out on here to minimise the % reduction?
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CORRECT FOXY,TOTAL RED HERRING FROM ANDY SMITH WHO QUITE OBVIOUSLY HAS AN AGENDA!
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anyway, a warm welcome back to Lord Facts, you have been sorely missed . . . .
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THANK YOU MY OLD PAL,AND THANK YOU FOR YOU KNOW WHAT ITS MUCH APPRECIATED
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Beatherder,spot on,absolutely dread them,always said the tracks should help us more by putting it up on the big screen for 5 minutes or so instead of 1 feeble announcement.
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Yes good luck Fact with your recuperation,i discovered betfair when I was laid up!
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Ribero I thought Doncaster was very good with the r4 last week but yes in general shocking from the race courses Chester in particular.
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THANKS RIBERO!
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Theres been many shockers foxy but one of the worst was many moons ago when Ponty used to get a terrific holiday crowd on the bank holiday Friday night whe a 4/5 shot got withdrawn at the start for the last maiden (Palace Moon) and there was 60p in the pound off,fortunately i'd had a bit of a lean up to the winner,think it returned 14s and i'd only gone 12s,it was absolute chaos for despite the punters seeing we are paying the money back bigtime to the favourite backers most still didn't understand and I always remember a woman drawing her vastly reduced 12 score the winner,she will have gone home feeling absolutely robbed.
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I paid somebody out a few weeks ago and they had backed the winner & the w/d horse. They had a big hoot about the R4 but then didn't say a word when they handed the ticket over for the NR
I should have tried to take the R4 off the NR just for spite |
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Was any off you at York for the magnet cup when the favourite got slung and it was a dead heat 2nd ?
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