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The horse race levy for 2008-2009 was estimated to be around £85.5 million.
Thanks to an increased payment from Ladbrokes of around 15.9 million the levy should be now around 100 million.
Howard Wright in the Post has made many mentions about this increase and it is apparently all down to a single male punter. He has lost around £159 million in the last year.
Howard Wright estimates his turnover with Ladbrokes last year alone must be around £300 million. He surely would have had some winners with them?
Past reports about this punter mention the fact he has a special number to phone and there ia a single room which is manned 24 hours a day with up to 3 staff just sitting and awaiting his call.
However when he rings only the most senior member of staff is allowed to take the call and all others have to leave the room.
(I suppose if they start laughing that might put him off).I should imagine what ever horse he selects get backed for a few thousand on course to trim the price.
No doubt if he hits a lucky spell it would affect the Ladbrokes share price but at the moment he alone is keeping the share price high.
Ladbrokes will not want to upset him by giving away his name but there has been rumours it allegedly may be the guy who owns the mansion gambling site.
The same company had an Arab prince a few years ago that lost millions.
This year someone I know betting in Ladbrokes high street shops was told to find somewhere else as the manageress told him ‘he was a continual winner’ his winnings so far ammount to less than £5k!
I also noticed that Dermot Desmond (Betdaq,Sandy Lane etc) is being sued by Sporting Index for a sum in the region of K750. He is disputing the claim which is related to Golf bets. Poor old Statto is small fry in comparison.
Ladbrokes high-staking punter was named in the Post a month or two ago-some unpronouncable well connected Sheik type. Always think the hypocrisy is astounding when their religion is supposed to forbid gambling and they’re single-handedly losing the price of a small country to the likes of Laddies.
I want to know how he first managed to get a bet on without being knocked back?
Did he start small then was gradually allowed to build his stakes up once they realised he was a loser?
Another big time loser recently has been the Newcastle United chairman Mike Ashley losing £129 million to I.G. Index when betting on the HBOS share price.
Ladbrokes high-staking punter was named in the Post a month or two ago-some unpronouncable well connected Sheik type. Always think the hypocrisy is astounding when their religion is supposed to forbid gambling and they’re single-handedly losing the price of a small country to the likes of Laddies.
I think that’s a bit of a sweeping generalisation, carvillshill! There are some muslims who gamble, but most do not. Similarly, there are some very un-christian christians, and (probably) some buddhists who sneak the odd burger or swat the occasional fly.
Ashley lost £129m fannying around with HBOS? No wonder the pillock wasted another fortune investing in Newcastle United.
The irony is that whilst these idiots throw money around like it’s going out of fashion we’re the ones asked to empty our savings to solve world poverty and bail out the African dictatorships.
Makes you sick.
LGR
When Mike Ashley gained control of Newcastle football club he paid around 130 million pound to do so.There was around 100 million of debt which he cleared.
The club therefore was heavily in debt before he took over so he has assisted the club and not hindered it.
He offered Harry Redknapp a rumoured £5 million a year to become the manager and threw in a helicopter to assist Harry when he would have had to travel from his Sandbanks (Poole Dorset) home.Mike Ashley was estimated to be worth around £1,398 million according to The Sunday Times Rich List where he was estimated to be around the 54th richest person in this country.
The Sunday Times wrote these words on April 27th 2008.
‘The Toon Army has an unlikely champion in the shape of Ashley, 43, who paid £133 million to gain control of Newcatle United Football club last year. The Sportsworld retailer often seen at matches wearing the club shirt, pocketed £929 million in one day when he floated his company Sports Direct on the stock market last year. With his Newcastle holding, past property deals, dividends, salaries amd any remaining cash, Ashley would be worth £1.527 billion.
We knock that back, however, by the £129 million he was reported to have lost recently betting on the share price of HBOS’.Last year the newspaper estimated his wealth at £1,900 million so clearly a bad year down £592 million.
Clearly he could afford to lose the £129 million and some of the profits made by the spread company will go to the taxman. If Ashley had got the spread correct he may well have won far more than £129 million and been liable not to pay one penny in tax on this bet.
Reading stories about these high rollers gambling thousands of pounds at a time with the big bookmakers is hard for me to swallow. I’ve been a small time punter for a number of years, and have never had a problem having my bets laid by a bookmaker. Last June I decided to take my betting more seriously and have made a £10,000 profit in the last 11 months. None of the big three will now lay me a bet, and with the exception of the big races it is hard to get a decent wager on in the morning on Betfair. So the only conclusion I can draw is that Bookmakers are run by accounts and they don’t like customers that win. If there are any bookmakers that come on this forum that are prepared to discuss this, please do so.
Plenty of bookies come on this forum Petski. None will be prepared to discuss this beyond makiing unfounded allegations that you are an arber.
Glenn
If it looks like a dog, smells like a dog, acts like a dog and sounds like a dog……
…you can draw your own conclusions!
A rational punter that only backs his or her selections at best price wherever that may be?
So the only conclusion I can draw is that Bookmakers are run by accounts and they don’t like customers that win.
I would have thought that was pretty obvious? Why would they want to readily accomodate people who win? The bookmakers representatives are there to make sure that the shareholders get the biggest profit possible.
Firstly may I ask what an "arber" is?
When I quizzed one of the bookmakers on why they were no longer taking my bets, I was told that after a review of my account, they had realized that I only placed bets with them when they were offering the best price!
The point I was making was that we constantly hear of the "professional" money, and "the faces" who have been backing this or that, but as far as I’m concerned this is just the bookmakers encouraging people to back horses that they want to lay.
Someone like myself who spends a couple of hours each evening studying the form, and backing horses at best prices, is not wanted so I find it hard to believe how anyone can make money backing horses unless they are on course, and unfortunately for those of us who work this is not possible.
Petski
Arbing is short for Arbitage and also known as ‘scalping’.
Thousands of traders through out the world do it every hour of the day.Basically it is about taking simultaneous and offsetting actions to exploit price anomolies which arise by a lack of consensus in markets.
Take a snooker match for example Ladbrokes make Higgins a 10/11 chance and his opponent Davies they make evens.
You could not win by backing both these players to win at Ladbrokes.
However Hills may take a different view they go 7/5 on Davies and 4/6 on Higgins. Again you cannot win backing both at Hills.
If you invested £100 in total but backed £42 on Davies at 7/5 with Hills and £58.00 with Ladbrokes on Higgins at 10/11 you are guaranteed to make 6% who ever wins.
If Glen makes a living arbing good luck to him!
P.S.
With the current admission prices to racecourses adding to the costs of fuel and time wasted getting there and back there is no incentive to go racing.
Plus the fact that many dont take the ew bets I want on course and they cannot even get near the exchange prices 99.9% of the time.
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