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This was the call made by bookmaker Barry Dennis after his own admission on how he managed to ‘win’ £1,800 due to him knowing the result of a lenghty stewards enquiry just as C4 went into a commercial break giving him around two vital minutes to cheat betfair punters.
Although this occured 5 years ago and it was not until a few years later that Mr Dennis decided to brag about it in his national newspaper article, but the copy of his article was last week handed in to The City of London police for them to investigate.
Whilst the City of London police are still recovering from burnt fingers over the Fallon debacle and they are likely to find the time or effort to take the matter further there are a few questions that remain unanswered.
(1) Why did the C4 management not remove him from the team?
(2)Do they condorn his actions and did any other member of the C4 racing team also prosper by what is advanced information?
(3) Why did the editor of the newspaper allow someone who gets paid by them to allow his boast to be printed knowing that it could well be some of the papers readers he admits to ‘turning over’?
(4) What made Mr Dennis write the article in the first place?
It is not as if it was clever! It was cheating!
For someone who chases publicity was it a bad mistake for him to admit he will stoop to any lenghts to make a few quid!He’s obviously not contend earn a living betting from some nice pitch positions, he also must collect some money from C4 racing and his job writing for The Sun newspaper. He will it seems by his own admission be willing to cheat on the betting exchanges.
If he had used his inside knowledge on Sporting Index he definately would be liable for prosecution.
Punters who still wish to go racing should remember his actions when deciding who they wish to bet with.
P.S.
From the betfair forum some suggestions that the whole thing is a pack of lies.The suggestion is the race was on a THURSDAY at Aintree which C4 dont cover. I do not think the B.B.C. did either!
The race is question was The Ember 4 yo hurdle where Le Duc in Andy Stewart’s colours ’33/1 beat Spectroscope.Where betfair markets in 2003 then allowing betting on stewards enquiries?
sberry
Its not a case of not getting on.If it is true its a matter of cheating.
If it is not true its a matter of lying.
You decide!
I would question if it was "advanced information" Seagull.
As I understand it the result of the Stewards Enquiry had been announced on course, at that point it became public knowledge. As far as I am aware Channel Four Racing is not the official conduit for the announcement of the results of Stewards Enquiries.
I would also suggest your assertion that he has used "inside knowledge" is incorrect – as previously mentioned the result of the Enquiry had been publicly announced.
Now I am not suggesting what he claims to have done is morally right, nor am I defending what happened, but as it often the case with the betting exchanges it is a case of "buyer beware." If someone taking the bet is going to rely on information from a terrestial broadcaster who has just gone into a commercial break then, frankly, they deserve to loose. As the saying says a fool and his money are soon parted.
An amazing admission in which he`s obviously trying to point the finger at “Betfair“ for allowing such a practice!
I can`t see any reason why they can`t prosecute this,afterall,theirs an admission of Guilt unlike in the Fallon case, it`s certainly fraudulent and against the good ethics a Bookmaker should practice!!
Betfair obviously need to close this account and i would expect the Gaming commission to remove his licence!!
I wonder whether he took advice on releasing such information or is it a simple case of the Brash Bookie image he likes to portray,either way,it`s certainly a case of verbal diarrhoea!!
Betfair close a bookmakers account? Think what they would lose in commission and liquidity.
It is ok for Betfair to hold the high moral ground as long as it does not interfere with profits.
This is the sort of thing that happens on stock markets around the world every day. It’s a totally legitimate edge.
spiv up merchants offering advice, surely not.
tony, verbal d(cant spell it) enough money wagered would get me to prove it.
perhaps its a sore point with certain operators.
tuffers
This year a former I.T. worker for The Body Shop was fined £85k by the F.S.A.
The IT worker had accessed senior directors e mails and learned that the Christmas trading was poor and below city expectations.
This man borrowed £29k which was more than his annual salary and established a ‘short position’ on Body Shop shares.
Once the Christmas trading figures were released the share price fell 18% in one single day. Earning the I.T. worker £38,472. He shut the position the same day
Any fines for insider trading from the F.S.A. can be recovered through normal County Court action.
If Barry Dennis had traded with I.G. Index or other spread firms who are all licensed by the F.S.A. he too would be liable for a hefty fine.
At least the I.T. worker was so dumb as to write about this in a national newspaper.
Hang on a second – one tiny point has been mentioned but seems to be getting overlooked a little here.
Namely that something with this story doesn’t add up in the slightest.
Dennis is claiming that the whole scam hinged around a Channel 4 ad break – at the beginning of which he found out the result of the stewards’ so had a two minute ‘heads up’ from which to profit.
So spot the deliberate mistake – since when have Channel 4 covered Aintree? Even if there was a mix-up and somewhere along the line Channel 4 has been mentioned rather than BBC, since when did the BBC have ad breaks?
I have repeated numerous times on this forum and others for the last 18 months that this story has been running,
IT WAS NOT CHANNEL 4,
It was whatever channel showing racing that had commercial breaks on that day
On forums, but not to the press who are repeatedly dragging Channel 4 into it?? Don’t Channel 4 themselves have something to say about that, not least since in the latest piece about it the inference is that you were working for them at the time?? They must be very easy going employers!
A copy of the article was last week handed to City of London police. In it Dennis admitted, while on Channel 4 duty, that the outcome of a lengthy objection came through as the broadcaster was going into a commercial break, giving him two minutes to profit from his knowledge on a betting exchange before punters watching the channel were given the information.
Anyone else hear the sounds of rapid back tracking?!
If you were a trader Barry you’d be up sh!t creek as Seagull points out (I can back his story up – its true). But then I assume you’re not that stupid that you’d admit something like this without understanding the potential consequences. Surely…
Take an egomaniac bookmaker and give him an opportunity to score and he takes it. He made use of information in the public domain to pinch some easy money in the days before Betfair had staff on course to ensure the markets are suspended before the result is announced.
We can only hope the people who employ such a bookmaker act on this own goal and take a step to clean the public image of racing.
tuffers
This year a former I.T. worker for The Body Shop was fined £85k by the F.S.A.
The IT worker had accessed senior directors e mails and learned that the Christmas trading was poor and below city expectations.
This man borrowed £29k which was more than his annual salary and established a ‘short position’ on Body Shop shares.
Once the Christmas trading figures were released the share price fell 18% in one single day. Earning the I.T. worker £38,472. He shut the position the same day
Any fines for insider trading from the F.S.A. can be recovered through normal County Court action.
If Barry Dennis had traded with I.G. Index or other spread firms who are all licensed by the F.S.A. he too would be liable for a hefty fine.
At least the I.T. worker was so dumb as to write about this in a national newspaper.
We’re not talking about insider trading – we’re talking about publically available information. Anyone stupid enough to be betting on the result of the stewards enquiry when it has been announced on course deserves no sympathy whatsoever.
In his never ending quest as the punter’s best friend, I wonder would John McCririck be as kind as to discuss this on tomorrow morning’s morning line?
An interesting slant in this thread – allow me throw a question into the pot.
Had a similar situation occurred where a punter gained from using publicly available information before a bookmaker knew about it, would there be the same self righteous indignation?
I somehow suspect not – the punter would be considered a hero in most quarters!!
The betting ring is not called a jungle for nothing.
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