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How old am I then
A very youthful 37 Anthony!
28 actually, although I did have a very hard paper round.
How old am I then
A very youthful 37 Anthony!
28 actually, although I did have a very hard paper round.
So i was pretty close then?
While we’re at it, neither Sporting Life not Racing Post had them down as non runners, are they being equally outrageous?
No the papers had them down as reserves – bit of a clue I think
While I don’t know how the reserve system operates. had one of those horses actually taken place the market would have been different and people could have placed bets without any problems.
No the papers had them down as reserves – bit of a clue I think
Actually, Racing Post had them down as numbers 13 & 14. As a matter of fact, they still do on the website.
So you don’t mind punters getting ripped off then?
They didn’t get ripped off. That’s been established beyond doubt.
The monies would have been refunded had anyone baacked em so i cant see a problem??. Did hear the annoncement on the tannoy at Sandown and thought it a bit pointless to be honest
the only rip off, exchanges had both reserves in their betting from previous evening up to announcement 45 mins before off, they then had to make a rule 4 deduction of about 10% from RETURNS.
Plenty of ring bookmakers had been betting with reserves for about 15 mins, to my knowledge the few bets struck on these horses , in my case 2 , monies were refunded without deduction obviously from winners.
Hopefully, the confusion about these horses being runners was helped by me making the LONG journey to the weighing room asking for a public announcement.
Betfair SP 96%, industry SP 117%.
Betfair returns respectively: 23%, 38%, 9%, 7%, 18%, 45%, 14%, 19%, 34%, -1%, 59% and 52% better than the industry SP on individual runners.
When you are betting to a near-100% book and reserves are in the market, as they might still run, a reduction needs to be made for the fairness of all concerned.
When your prices are already so stingy that you can take a couple of horses out of your book and still bet to an eye-watering margin then no reduction is necessary.
A "rip off"? Indeed. The only mystery is that anyone continues to bet with Dennis and his fellow highwaymen.
business improving meeting on meeting,
must be the friendly banter or CASH FOR CASH that keeps the punters coming,
like a bet who will survive longest the barry dennis organization or betfair ?
"mornin common bloke"
I glad you came on here to explain what happened Barry.
I must say I didn’t quite believe it could be true (not suggesting anyone was telling porkys rather just somehow mistaken)
Would have been a bad day for racing if true.
Can someone clarify something for me please?
If you win a bet on Betfair, your winnings come out of the pocket of someone else & not Betfair but they take a portion of winnings?So they’re basically getting money for nothing. Losses aren’t absorbed by a corporate machine, they’re absorbed by (potentially) some poor mug who’s just blown the last of his mortgage money.
Now, THAT’s a rip off!
Dont worry Anthony , you can always reverse the trend and go down to the bookies and blow your cash with them
if that makes you feel better , at least you know to whom you are donating …and you become a loyal and trusted levy contributor
we need more of those !!!
Ricky
Fascinating thread.
It seems the only ‘disgusting’ aspect of all of this is that the on course bookmakers follow the machine so slavishly that none of them realised the bottom couple of horses were reserves, indicating that none of them had prepared their own views on the race at all.
The tissue supplied by Michael and Simmmons for example has the bottom two clearly labelled reserves.
It is remarkable this bookie bad/exchange good mentality.
Heard the boss of Goldman Sachs on the radio the other day talking to US congress about what went wrong in the global financial metldown. To paraphrase- we were all so busy making money that we didn’t really take out heads out of the trough long enough to see what was coming down the line towards us.
There’s no interest like self interest, and as Maxilon says the impression some have of the benefit that racing derives from exchanges is rather different to the reality.
Who’d be a bookie, eh. Sounds like they’ve committed worse crimes than psychotic Nazi child murderer Nick Clegg!Agreed Sean. The old cliche about the poor quality racing being put on for the benefit of the betting shops is outdated. It’s done now for the benefit of the Exchange players, whose only contribution back into the sport is via the "Voluntary Contribution". Go into any betting shop up and down the country and nobody is playing on horse racing midweek. We’re putting on racing for the benefit of those of contribute the least.
The Exchange Clique on here might look down their noses at those who actually go racing, or go into a betting shop, but the playing field will be levelled in time.
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