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Owners and Exchanges

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Viewing 8 posts - 18 through 25 (of 25 total)
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  • #100176
    prince regent
    Member
    • Total Posts 221

    <br>raymondo

      why offer a horse as 4th favorite   which is not running  unless  u expect   some to take the bait.

     there are many examples of non runners being priced up in ante post markets.

      corals priced up a p harris horse at ascot the name escapes me for a handicap  he was not entered for  and i am sure  there is no supplementary stage for hcaps

     true  no one forces people to back them

     but the same comment applies to  bet exchanges  no one is forced  into  backing or laying

     bookies  gripes against exchanges  is more to do with greed than any moral principles

    #100177
    Avatar photorory
    Participant
    • Total Posts 2685

    Not wanting to gang up on you, PR, but any bookie worth his salt will refund stakes on horses backed ante post which were declared to be non-runners at the time the bet was struck – it’s in the rules!

    If a trainer says, "I don’t think I’ll run this horse in the Derby", but Joe Public asks for a price, he will be given one, with the caveat that the horse is an unlikely runner. Demand will ensure that a price is quoted, but that means that the betting public believe the trainer will in fact run, despite his words.

    If a horse is not entered, bookies will note that it needs to be supplemented, and where a horse can not be supplemented into a race that has closed, all bets on said horse are void.

    The major bookies are very PR conscious and will not look to stitch up punters for a few hundred quid.  If you have been refused payment personally, then sorting this out would be a doddle – there are several members with good connections to major bookies on this forum who could verify this.<br>

    #100178
    Seagull
    Member
    • Total Posts 1708

    Not all owners are bent………yes of course thats true but here is a true story.<br>A bookmaker friend of mine owned a Hunter Chaser called The P****** L*** it raced in a hunter chase at Plumpton 2 years  ago came 2nd. The week later it was down to run at Parham Park (A point 2 point track near Pullborough). The horse had by far the best form and my mate got up on to his soap box last the odds on his horse were 2/5 he felt very generous and was giving money away it seemed as he was going 4/7 the second fav he ‘forgot ‘ to mark up so he took no money on that. I was asked to place quite a lot for him on the second fav there were only 4 runners and the other 2 would have had to start the day before to have any chance of winning!The Racing Post reported the race as such’ Fav P****** L*** seemed to be travelling the best  throughout  the race but horse had given away to much lead at the start but late headway to come 2nd.<br>2nd Fav won by the way. The trainer was later banned for something totally different. Her Jockey son got banned also although he is back now in racing.

    #100179
    Anonymous
    Inactive
    • Total Posts 2

    bookies have been told for years what aint trying so why shout about it now

    #100180
    balance
    Member
    • Total Posts 3

    This article in the Times yesterday is of interest.<br> <br>  <br>September 05, 2002

    Bookmakers meet their match in Betfair<br>By Alan Lee, Racing Correspondent<br> <br> <br> <br>WHILE the traditional bookmakers marched to Portman Square yesterday, full of vested indignation about the hijacking of their customer base, the revolution rolled on undeterred. Betfair, the pioneer of exchange betting, is turning over £45 million a week in only its third year of business and its spokesman, Mark Davies, claimed yesterday it is “probably the fastest growing company in the countryâ€ÂÂ

    #100181
    TheMaster
    Member
    • Total Posts 31

    nick, if on course the horse opened 11/10 why is it dodgy that people are willing to lay evens on betfair?

    #100182
    Nick Hatton
    Member
    • Total Posts 399

    TheMaster ……

    It’s dodgy because the horse had already been backed to 2/5 on course and had already been backed to about 1/2 on Betfair. £40K then appearing at evs is VERY dodgy IMO. :o

    #100183
    TheMaster
    Member
    • Total Posts 31

    nick, the idea that 2/5 was a fair price, is laughable, the reason it was because of a very weak friday afternnon market at Wolverampton which enabled off course bookmakers to manipulate the Starting price something they are finding increasinglt difficult to do

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