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Geoff banks robbed at york races

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By:
----you-have-to-laugh---
When: 26 Aug 24 17:12
Finding the bloke may be difficult.
By:
stu
When: 26 Aug 24 17:14
Finding him might not be too difficult, but getting them to admit it was them, or proving that...likely difficult!
By:
stu
When: 26 Aug 24 17:15
Dave - slight segway, but I seem to recall you were one of those discussing with Mr Banks when he was on here, about how he closed your account because you won on maybe a couple of races?

(not directly about this case of course, but seem to recall you were one not happy with how he conducts his business offerings)
By:
dave1357
When: 26 Aug 24 17:23
don't think that was me
By:
stu
When: 26 Aug 24 17:25
Ok no probs - think there's another dave on here that was discussing it then.
By:
dave1357
When: 26 Aug 24 17:25
365 did that to me years ago, so might have mentioned that, before I knew they did it to everyone.   Grin
By:
leif
When: 26 Aug 24 17:29
'Adambunn' -Tw$tter 2022

https://x.com/Adambunn28/status/1479111630201917446



By:
impossible123
When: 26 Aug 24 17:41
I'd just put it down to experience esp if it happens to a bookie (professional).
By:
aberdonia
When: 26 Aug 24 17:42
Banks needs to stop bleating at the clerical error.
By:
impossible123
When: 26 Aug 24 17:56
This happens in the City of London fairly regularly. A trader with a FAT finger would key in the wrong digit many multiples of original. Yet, no mention of the company of the rep. It'd be too embarrassing to admit publicly. Maybe, horseracing bookies are a unique lot eg bookies restrict customers with regularity.
By:
----you-have-to-laugh---
When: 26 Aug 24 22:56
https://community.betfair.com/horse_racing/go/thread/view/94102/31741097/?pg=last#flvWelcomeHeader

..
By:
The Knight
When: 26 Aug 24 23:02
It seems sad that the punter took the money and how the code of honour between the old time bookies and punters has disappeared.

BUT, I do have to laugh at bleating bookmakers.

They totally forget how they used to open up their prices in the old days at outrageous over-rounds hoping to catch the mug punters out.

They also forget the tricks that some of them used to pull, like the slow counting out of notes on a winning bet in the hope the punter would think the payout was done and walk away.

Or, in more recent times with computers, when a bookie had two pitches at a track. 6/4 might be the price of a fancied horse and a punter would bet at that price and then not, foolishly, check their ticket. Horse would win and the punter would then find 11/8 on the ticket. Protests would be met with 'not us, the machine on the other pitch changed the price just as you put the bet on'.

Don't believe the latter? Well when the Queen's Estimate won the Donny Cup eleven years ago, a very good friend of mine who was at Donny for the first time had exactly that trick played on him!

No, while the majority of bookies have always been honest, there have always been a good few who have tried underhand stuff. So, for a bookie to fall foul of a dodgy punter does carry a certain irony!!
By:
Rico-Dangleflaps
When: 26 Aug 24 23:06
banks alluded how this event actually unfolded yit?
By:
1st time poster
When: 27 Aug 24 08:14
the facts are
banks is in the wrong
his team are in the wrong
if the punter decides to give it back ,fair play but it doesn't change the fact the mistakes were on the banks side of the joint/pitch
By:
1st time poster
When: 27 Aug 24 08:15
if every punter on the racecourse resorted to calling plod when ripped off ,there,d be more plod than punters,like the rest of us plebs have to do why didn't banks go through the ring inspector or don't they exist anymore ?
By:
kingsnake5
When: 27 Aug 24 09:00
The full story is in the Guardian in sports racing
By:
sparrow
When: 27 Aug 24 09:47
Talking Horses: Proof punter-bookie relationship has changed for ever
Greg Wood
Mon 26 Aug 2024 17.50 BST


Whether or not Geoff Banks was cheated out of money at York, fractured state between bookmakers and those betting is beyond repairGeoff Banks’s satchel was £3,375 lighter than it should have been when he left York racecourse on Saturday, he said in a post on social media, and the high-profile racecourse bookie was understandably hacked off. “Unsavoury end to York with one of my team confusing a payout of £375 with £3,750,” he wrote on X. “And the ‘punter/thief’ took the money. We informed the police and gave a description. There’s no excuse for this.”

A subsequent report in the Racing Post suggests that the punter who made off with the cash may have been aware that Banks had laid a £1,000 bet at 11-4 on Tropical Storm, the winning favourite in the Roses Stakes, in addition to their own bet of £100 at 11-4. That implies in turn that Banks may have fallen victim to a hastily conceived – but still potentially criminal – act of fraud, rather than a failure by the punter to point out a mistake.

But a sin of omission is a sin all the same, and Banks was disappointed that many responses to his original tweet were less than sympathetic.

“It’s not the same battle between the old enemies that it used to be,” Banks told the Racing Post. “The betting public expects bookmakers to play fair and we expect the same, and then someone goes and does this; I think it’s abhorrent.

“People seem to think that it’s something to make fun of or that we deserve it, but they haven’t considered the impact this has had on my staff member and on how the relationship should be between a bookmaker and a punter. That fairness seems to have gone, and that’s a great shame.”

It is always easy to be misty-eyed about the past, and the odd rogue (or three) has cropped up on both sides of the bookie/punter relationship from its earliest days. A contemporary account of Derby day in the mid-19th century reported that racegoers would hold hands to form a circle around their bookie of choice to stop them running away, while the fake bookie “John Batten” fleeced racegoers to the tune of £10,000 in the unregulated “Hill” enclosure at Epsom in 1997.

At the same time, though, a great deal has changed in betting in recent decades, and certainly since Banks’s father, John, was in his mid-1970s pomp as one of the most fearless and flamboyant layers that the betting ring has seen.

As such, he was an exponent of an approach to betting and bookmaking that had been developed a century earlier by William “Leviathan” Davies, who earned his nickname from the monstrous bets he was willing to lay. Davies was the first bookmaker to gain celebrity status, and his reputation depended entirely on trust – on his part, that bets were honestly struck and on his customers’ side, that he would be good for the money should they win.

Davies famously lost £30,000 – the equivalent of about £3.2m today – to John Bowes, the owner of West Australian, when Bowes’s colt won the Derby in 1853, and insisted on paying Bowes in cash in the winner’s enclosure to cement his reputation as a bookie you could trust. For some of us, meanwhile, his legacy remains to this day. Davies retired to Brighton, and when he died in 1879 – a few hundred yards from where I am writing this column – he left a bequest to the local corporation to buy and preserve the much-loved Preston Park on the outskirts of the city.

From Davies’s time until the early 1960s, the racecourse ring was the only place where anyone could legally bet in cash, but even after the legalisation of off-course cash betting, which launched a betting-shop boom, there was still a personal element to the bookie-punter relationship. Punters would tend to bet in the same shop, alongside the same group of fellow punters, from one day, and year, to the next. Even as recently as the mid-1990s, the bookie was still the old enemy, but you were often on first-name terms with the staff.

Fast-forward a quarter of a century, however, and most punters’ betting experience has been transformed. A significant and ever-increasing majority of betting turnover is online, the big gambling conglomerates that dominate the market prioritise risk-free casino products over betting on sport, and any punter who shows signs of making the game pay – or even simply not losing enough to cover their “cost of acquisition” – is routinely closed or restricted after a handful of bets.

The punters have changed. They shop around for prices, as most consumers do when they can, and bet without any human interaction at all (bar the regular complaints to customer service that a £20 bet has been restricted to pennies). But when it comes to explaining why the relationship has fractured, the bookmakers have changed far more.

Banks, of course, operates at the track, which is almost the last redoubt of a personal relationship between punter and bookie. And to my mind at least, whether or not his punter was actively trying to pull a fast one, if he held on to £3,375 that he knew he had not won that would certainly make him a cheat. The significant number of keyboard warriors who seem to think that Banks is fair game is a sign of the regrettable extent to which online gambling has changed the whole game for good.
By:
aberdonia
When: 27 Aug 24 10:05
if we hit lay instead of bet and vice versa and lose accordingly, you take it on the chin.....
although ive a wee story, in the mid 90s, i had Aberdeen to beat Partick at evens, £500 bet
at ladbrokes.....The most successful scottish european team , evey, duly won 5 - 0 down there.

Dug out my coupon and noticed there was a 2 against the Rangers/Falkirk game...Falkirk were from memory 6/1.
anyway, i was well known across the betting shops back then , so popped into the shop at lunchtime, no idea why the bet was taken and not refered, but in any case, spoke to the shop and asked to be paid out on the single...No way would i have backed Falkirk, the 2, must have already been on the coupon.

The area manager agreed to pay me out on the single
...Falkirk won 2-1 at ibrox, were 1 up for 80 odd mintutes, when Sevco equalised...Falkirk went up the park and scored the winner in the last minute...haha
i had flipped a coin at work with a mate to decide if i would go to labdrokes and ask them to settle as a single..a flip of the coin the other way and i would have let the bet run.
By:
THE-SEER
When: 27 Aug 24 10:14
in 88 /  89    when the english £1 was withdrawn from circulation , i used to hand over scottish £1 notes which looked like and english £5 KERCHING


ALLS FAIR IN LOVE AND WAR
By:
askari1
When: 27 Aug 24 10:52
Evidently to me the punter should return the excess payment as soon as he can the moment he becomes aware of the error in overpayment.

I am not surprised at the lack of sympathy in some quarters for Geoff Banks. Banks has made a point of saying how he refuses to accommodate punters who only bet when he's best price or--especially--ew bets where the OR on the place part is overbroke, an arb or otherwise favours the punter. These bettors are not 'straight' punters for him ... my view would be that the price-sensitive punters are only playing the market as it is, and that there's a more genuine kind of bentness in the guy making off with Banks's staff's overpayment.

Maybe the arbers and best-price takers, barred by Banks, would be honest in a way this opportunist (betting at 11-4 for something he could easily have had at 7-2 all morning) was not.

The relationship between punters and books is broken in the sense that the punter does not need a bookie, in almost all cases, to benefit from being right in a difference of opinion over horses. Unless the punter wants a stonking amount, he can be accommodated by an exchange (by a large exchange player, more likely than by other punters; and the exchange layer is not making money by taking a view on the race. The MM is winning by leveraging technology, running an algorithm, simply offering rather than taking the bet and being on the right side of the spread. etc...). The books are left with fools and the uninformed, and fewer and fewer fools....

As a punter I would far rather bet into a pool with a deduction made to fund the sport and for running costs than with a book. The book would seek to bar me; the relationship would be unpleasantly antagonistic, and I would fear not getting paid out. The sticking-point is not knowing the price at the toat. 'Never worse than SP' is a good step ... if a toat could do 'never worse than the best price with a major FO firm', it might be a massive step in channeling to racing more of the punters' monies it needs.
By:
aberdonia
When: 27 Aug 24 10:59
re my story, just to clarify, Aberdeen played on the Tuesday, Rangers/Falkirk, Wednesday night.
By:
aberdonia
When: 27 Aug 24 11:04
wrong thread, ignore...lol, apologies.
By:
1st time poster
When: 27 Aug 24 11:28
I,m sorry for been a bit thick, but if it was some kind of scam,  why would a punter expect no one on the banks joint to check/put the slip through the automated pay out,or at least whoever was calling out the bets to shout out 375 quid and not 3,750
are we all certain/told.convinced that 375 quid was written on the slips potential winnings and not 3,750 ?,
was the mistake made when the bet was struck or at the payout ?

the scam/ruse seems to be something banks has put out there to protect his staff
By:
askari1
When: 27 Aug 24 11:38
I am not sure that Banks has alleged that the person who placed the 1k bet was in on the scam.

If two people swap tickets, it's easy to see how the overpayment could have been made. Not sure whether Geoff Banks is implying that happened as a result of concerted action.
By:
dambuster
When: 27 Aug 24 11:42
I know £3k is a lot of money to some people, but i thought GB was a multi million pound bookie, his website must cost a few £££.
You'd have thought he'd have got more respect wiping his mouth and telling people what happened to him.
By:
kingsnake5
When: 27 Aug 24 11:50
The punters have changed. They shop around for prices, as most consumers do when they can, and bet without any human interaction at all (bar the regular complaints to customer service that a £20 bet has been restricted to pennies). But when it comes to explaining why the relationship has fractured, the bookmakers have changed far more.

Banks, of course, operates at the track, which is almost the last redoubt of a personal relationship between punter and bookie. And to my mind at least, whether or not his punter was actively trying to pull a fast one, if he held on to £3,375 that he knew he had not won that would certainly make him a cheat. The significant number of keyboard warriors who seem to think that Banks is fair game is a sign of the regrettable extent to which online gambling has changed the whole game for good.

The last paragraph of Guardian article
By:
racing6699
When: 27 Aug 24 12:05
Ive been betting 25 years. I would say the internet only bookmakers from about 2006 onwards started a trend of being ruthless and having no qualms about screwing over punters. I still deposit with them and half expect a problem every time i win. They weaponised terms, aml and in general have an awful attitude to customers. Ive had times where i have made a genuine mistake. Just told no. Couldnt care less about you. So i dont think its come from punters first imo!
By:
swiftynifty
When: 27 Aug 24 12:07
You are correct, if you overstake a multi on-line, you can be left with a cash out offer of 50% or less before the bet starts. If the punter makes a mistake it's hard cheese.
By:
THE-SEER
When: 27 Aug 24 12:14
i wouldnt hand it back , i would be off for steak and chips and prob do a dash if the opportunity arose ,
im such a scoundrel when shawfield and sheffield greyhounds were both on the same day i made a killing , ie 1st shfield ect
By:
1st time poster
When: 27 Aug 24 12:18
someone has started a go fund me page for a multi millionaire over a 3 grand loss and banks been the multi millionaire he is has decided to give 50% of anything raised to charity LaughLaughLaugh,
don't no banks or any other bookie on here but if I won/was given say 480 quid in winnings and shoved it in my pocket returned to bar ,counted it and there was only 460 and returned to bookie,we all no 100% of bookies would have said you should have counted it before you went
By:
racing6699
When: 27 Aug 24 12:41

Aug 27, 2024 -- 12:18PM, 1st time poster wrote:


someone has started a go fund me page for a multi millionaire over a 3 grand loss and banks been the multi millionaire he is has decided to give 50% of anything raised to charity , don't no banks or any other bookie on here but if I won/was given say 480 quid in winnings and shoved it in my pocket returned to bar ,counted it and there was only 460 and returned to bookie,we all no 100% of bookies would have said you should have counted it before you went


To be fair thats happened to me on course and they said come back at end of the day when we total up and if you are correct we will see it then and we will give you the extra

By:
racing6699
When: 27 Aug 24 12:46

Aug 27, 2024 -- 12:07PM, swiftynifty wrote:


You are correct, if you overstake a multi on-line, you can be left with a cash out offer of 50% or less before the bet starts. If the punter makes a mistake it's hard cheese.


Yes exactly. I’ve sometimes put the stake in wrong bet box and been charged for and placed a huge perm bet i didnt want. Gone to customer service straight away even though first race 6 hours away and been told no its your fault bet stands

By:
stu
When: 27 Aug 24 12:52
I'd ask it again, from earlier, but surely this has happened before at a track?

Banks seems to be acting like it's unheard of and just happened to 'poor him'....

In relation to above points, yes the relationship between bookies and punters is broken, but not sure it's ever really been fixed aside from a few pally relationships on course (old schoolers).

Most punters know bookies have historically not given a steaming sh1t about punters and many punters have been ruined over the years historically by said bookies - not illegal, but certainly potentially immoral in preying on weak people for their money.
By:
stu
When: 27 Aug 24 12:54
I think that is why we see very little sympathy for a bookie after they mess one up.
By:
1st time poster
When: 27 Aug 24 12:56
he probably bet both the 1000 quid and 100 quid bet back on betfair at 7 to 2 + ,so didn't really lose anything LaughLaugh
By:
fairweather
When: 27 Aug 24 13:23
I was about 16 in the early 80s, went up to draw about 8 quid, gave my ticket, the clerk called out £35. I tensed up, thought 'keep your mouth shut' - then the clerk said, hang on, no, £8.
The bookie knew id heard the first call, looked daggers and told me to go to the back of the queue again. I was mortified.Happy
By:
hulk23
When: 27 Aug 24 13:38
always wear a balaclava when i collect my winnings from jeff, just in case he hands me 3k more than i was expecting ....Wink
By:
hulk23
When: 27 Aug 24 13:47
possibly bevvied up, just got the dosh and pocketed it without counting, not entirely sure how that constitutes a 'robbery' tbh ...
By:
hulk23
When: 27 Aug 24 13:52
counted his dosh the next day thinking he did better than he thought.  without realising someones been on the phone to phil collins to see if he's available for a remake of Buster ...
By:
Rico-Dangleflaps
When: 27 Aug 24 14:00
A subsequent report in the Racing Post suggests that the punter who made off with the cash may have been aware that Banks had laid a £1,000 bet at 11-4 on Tropical Storm, the winning favourite in the Roses Stakes, in addition to their own bet of £100 at 11-4. That implies in turn that Banks may have fallen victim to a hastily conceived – but still potentially criminal – act of fraud, rather than a failure by the punter to point out a mistake.

sew the punter with a £100 bet manages to convinced the return was £3750? pmsl walofs.
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