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Opened an a/c with tem mid-Oct 23. Staked £750 and lost £376. Last month I staked £3880 and lost £1925. My usual stake is £30 e/w on Sat tv races on outsiders. My own selections, which have been really poor. Biggest bet has been £100 win. Last weekend I was contacted to say that they had set my losses to £7k a year as they felt I could afford that. This weekend, and 0 bets later, I'm contacted to say they have restricted my account and I can no longer place bets. I'm staggered to be honest.
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Replies: 41
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Have it all their own way, they need to act like bookies but sadly those days are well gone.
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I know, and I don't know why I'm staggered as I know the current bookie situation. I just thought it was preposterous they made me go through the affordability checs one weekend and then restricted me the next (which according to them was nothing to do with affordability.) How do you keep an account open nowadays?
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If you’re placing singles then this place is far better for that. Keep your bookie accounts for the accas.
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Yes, pricewise I'm sure. Used to get some better place odds, free bets etc with Corals and last week they gave me money back on Shishkin. I'm old fashioned. I like a bet with a bookie but I guess that's not really possibler anymore.
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Look at the share price that will make you smile always a silver lining somewhere says it all Ronnie might have something to say.
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I can understand that, TLF.
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Free bets and money back are for a reason and none of that is being "old fashioned".
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The REAL reason horse racing finances are taking a hit is Very simple. The Racing Post won't highlight because they are owned by Casinos. It's not Affordability Checks you need to worry about, it's bookmakers closing lifelong horse racing fans accounts, claiming it's a"trader's decision". Just use the Betfair Exchange and stay well away from bookmakers.
There are no real bookmakers now, they are Casinos ready to fleece the vulnerable. |
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My usual stake is £30 e/w on Sat TV races on outsiders. Just to point out if you wait 1 min before the off on big Saturday races you should get your £30 EW on, and at Much Bigger odds if you're backing outsiders. I, too, enjoy backing outsiders, EW. Good Luck!
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^ On the Betfair Exchange I forgot to point out.
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You seem to really admire bookmakers thelastfling when you talk about "having to go to exchanges" as if it was something almost illegal and shameful.
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I'm probably not far off your age lastfling but I do realise that multiples can't be done on here, other than that its quite simple to bet online.
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I had a Coral account, only used it for £2/£3 multiples, mainly on big race days and saturday.
No pricewise, no arbs, no dodgy EW just my own selections. got restricted to £0.00 after only losing £91 in a month. i tried to open a Ladbrokes after, but chinned before i placed a bet, as they're the same company i'm told. |
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The only reason to ever have bookie accounts is for matched betting, using free bets, until you inevitably get gubbed.
Otherwise dont place a single bet with them. stick to the exchanges. |
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Dambuster,
Yes coralls and laddies are the same outfit. |
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Never a coral when you "bet" with quarrel.
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They must I suspect like all bookmakers be losing custom and customers and revenue hand over fist do the stats/figs back that up? How do you turn that around? What happens when there is nobody left except the planks and woohoo's surely AC's have to get to the shops and FOBTs soon.
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They thought they were being smart a few years ago gutting rid of experienced traders and having a strategy of fleece high rolling addicts and restrict normal racing punters (hiring 20 year olds on 20k a year to trawl through accounts and restrict them) - However surely its clear now in this landscape that you need to go back a few steps and actually embrace the normal racing punters business (expecially as all concessions are gone and margins increased)
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racing 6699,
Essentially their business model is impossible now betfair is here, much lower running costs. Unless you can match bet with them they are totally redundant. so yes, they can't exist in the long term. For the 99.5% of horse racing punters betfair liquidity is totally adequate, so bookies cant even win there. The only hope was to try and close down exchanges, which they failed to do 10 years ago. Anyone rememeber their campaign that suggested EVERY single lay bet was ****! Very rarely in the business world do you see a product being marketed which is exactly the same as another's product but at a clearly higher price. Waitrose do add value due to its customers as they feel special. I feel special when I get 2.68 (after commission) instead of 2.56 about EXACTLY the same horse. |
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I've been a punter for over 4 decades, but not been to a bookie shop for over 2 decades except to use the toilet. Now, this is only as the last resort as the "custodians" of fobt are usually unwilling or rude like the 'baldie' in Carshalton. Otherwise a major supermarket is the better alternative.
There are still too many high street bookies surplus to requirement despite a major culling as a result of a reduction in max per spin to £2, and their reluctance to take bets. I believe any high street should not have more than 2 bookies (one at either end). Anymore is an eye-sore with youngish-able-bodies standing outside smoking a ****. |
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Turnover on the horseracing markets seem to drop every year on here. I would have thought it would drop in the shops but increase on here. I think horse racing has an uncertain future.
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Coral have just gubbedme on the greyhounds - Maximum win now £2.50 FFS
GET A TRADER TO COMPILE YOUR ODDS _ NOT A MICKEY MOUSE COMPUTER!! |
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Goddess,
Have you made the mistake of taking too many free bets off them? |
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Only play around 4 races per day, even then I was restricted to win a pony. Cannot see why these firms do not use people like me as a mark, save them fortunes in the long run.
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Just looking at the Coral monthly P/L, hardly bookie breaking!! October +£300, November +£200. More losing selections than winners!
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Profit margin was 28% on stakes of just over £1800
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Just looking at the Coral monthly P/L
they're not looking at that. they're looking at the odds you took. betting 15/8 shots at 11/4 will anger them beyond belief. even if the dog finishes 6th. lost there but long term they know you'll be a winner, which isn't acceptable. |
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if you open an account with any of these characters, you bet £20 at 6/1. goes off 4/1 they will already be all over your account. do it again it will be referred to a trader, a third time you'll be gubbed. all lose, down £60, account limited to peanuts.
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Hulk is spot on.
Have a good day. Ronnie. |
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Point is - if they were traders they would realise their prices are wrong and put them right.
Young kids sitting in front of computers claiming to be traders - Sorry they are fecking CLUELESS. |
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stick trader on their linkedin profiles to make people think they're some kind of cityboy on £350k a year and a half million bonus. reality more £18k, bonus is the boss buying you a half lager in Wetherspoons every April and there's a pile of photocopying over there with your name on it.
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I will post my thoughts for the first 6 at Brough Park today
2.04 1 3/1 2.19 1 10/3 2.36 4 11/4 2.54 6 13/2 Not a huge fan of handicaps but 3.09 6 2/1 3.26 The obvious choice would be 5 (11/4 in a place - general 6/4) but for me T2 @ 3/1 Lets see how they go as SP beaters. |
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Bookies' traders are like the majority of betting shop managers these days eg no clue about odds or settling even an easy double or treble. They are mainly custodians of fobt and toilets instead..
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I will post my thoughts for the first 6 at Brough Park today
2.04 1 3/1 SP 11/4 Traders  2.19 1 10/3 SP 4/1 Traders  2.36 4 11/4 SP 9/4 Traders 2.54 6 13/2 SP 5/1 Traders 3.09 6 2/1 SP 15/8 Traders 3.26 2 3/1 SP 7/4 Traders  Traders Decision - Account closed. |
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impossible123
I know several “old school” bookies traders. They are all smart cookies! |
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If so, why do bookies so reluctant to take bets? Also, why are these old school bookie traders working for bookies who are reluctant to take bets?
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You must be pretty observant impossible in your pit stops to the bookies toilets or you must use them pretty regularly, for someone who hasn't used them in 20 years you have a very strong opinion in what happens or the abilities of those who works in them.
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