Home › Forums › Horse Racing › Pensioner loses nearly £29,000 in bogus tipping scam
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Beeswing.
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- August 4, 2008 at 07:32 #8562
the story is in the racing post online today. in short, a 79yo former stockbroker received a cold mailing leaflet through his door offering riches via horse betting with absolutely no risk to his capital. so, after the first tip lost costing him £2,300 he was apparently convinced to part with another £26,700 to make a 31k profit as part of an ante-post betting deal with a leading irish bookmaker.
i do find it difficult to feel sympathy in cases like this and to be honest am wondering if a crime has really been committed – after all, what did he think he was taking part in ?
August 4, 2008 at 10:05 #176006You would think that a former stockbroker would know all of the scams.
August 4, 2008 at 10:38 #176018It makes me laugh that we are supposed to feel sympathy because it’s an OAP that has lost his money.
It’s not in the same league but I read a reader’s letter in a newspaper last week where a couple of OAP’s found one of these scratchcards in their daily paper and thought they had won £20,000?. They phoned the registration number to find out it wasn’t as simple as that (you don’t say) and then they complained to BT when they received their phone bill because they were charged about £7.50 for the call. Absolutely no sympathy in either case.
August 4, 2008 at 13:25 #176046I feel a degree of sympathy with anyone who is a victim of these scams.
The people who perpetrate such scams (in fact, all scams ) are nothing but scum.
Gambling Only Pays When You're Winning
August 4, 2008 at 13:29 #176048I actually find it very difficult to feel any sympathy for those who fall for these scams.
I would suggest in most cases their motivation for responding is pure greed.
If something looks too good to be true then in all probability it is too good to be true.
August 4, 2008 at 16:01 #176061I would suggest in most cases their motivation for responding is pure greed.
Just like the gambler’s motivation – the gullible and not so gullible. We all want more.
Gambling Only Pays When You're Winning
August 4, 2008 at 16:20 #176063
AnonymousInactive- Total Posts 17716
I am abit soft when it comes to old people and this is horrible to see, I just hope it doesnt effect him too much.
August 4, 2008 at 16:45 #176066If any of you have an elderly relative, or know of anyone else, who may have fallen prey to frauds such as the one described here, please do call the Grasshopper Helpline on 09910-FLE-ECED*, where you will be offered a sympathetic ear and objective assistance in your hour of need.
Calls cost £3 per minute – charges are considerably higher from mobiles[/size:mvpw4xoh]
August 4, 2008 at 18:02 #176078We all want more.
Do we?
How do you know what everyone wants?
August 4, 2008 at 19:18 #176088Do we?
How do you know what everyone wants?
When it comes to money, we do !
Then again, you might be the exception to the rule. Maybe you gamble for some other reason – assuming of course that you do gamble.

Gambling Only Pays When You're Winning
August 4, 2008 at 19:57 #176090Do we?
How do you know what everyone wants?
When it comes to money, we do !
Then again, you might be the exception to the rule. Maybe you gamble for some other reason – assuming of course that you do gamble.

Depends which definition of gamble you use, there are at least ten in my dictionary.
Assuming you are referring to betting on horses I personally don’t consider that to be gambling – I consider it to be investing and I approach it in exactly the same manner I treat all my other financial investments e.g. stocks and shares or futures markets. I research, eliminate risk as much as possible and only invest when I think I have a strong chance of making a gain.
I also invest to make a particular percentage return on my investment – once I have achieved my target I stop, I do not get greedy.
August 4, 2008 at 20:04 #176092So, have they arrested Thommo yet?
August 4, 2008 at 20:33 #176094paulostermeyer >>>
Assuming you are referring to betting on horses I personally don’t consider that to be gambling – I consider it to be investing and I approach it in exactly the same manner I treat all my other financial investments e.g. stocks and shares or futures markets. I research, eliminate risk as much as possible and only invest when I think I have a strong chance of making a gain._____________________________________________________________
You assumed correctly.
Mere semantics. You are still taking a gamble – perchance to make GAIN (the keyword).
To gain MORE than you already have.
Which illustrates my point exactly.
Yes, it would appear that even you, want more.
Have a good and prosperous evening, sir.

Gambling Only Pays When You're Winning
August 4, 2008 at 21:15 #176100paulostermeyer >>>
Assuming you are referring to betting on horses I personally don’t consider that to be gambling – I consider it to be investing and I approach it in exactly the same manner I treat all my other financial investments e.g. stocks and shares or futures markets. I research, eliminate risk as much as possible and only invest when I think I have a strong chance of making a gain._____________________________________________________________
You assumed correctly.
Mere semantics. You are still taking a gamble – perchance to make GAIN (the keyword).
To gain MORE than you already have.
Which illustrates my point exactly.
Yes, it would appear that even you, want more.
Have a good and prosperous evening, sir.

Possibly it is semantics and we shall agree to differ.
However my definition of "gambling" is what I do when I go to a casino and spend money on pure chance – the throw of a dice, spin of a wheel, the turn of a card. That is gambling – based on pure chance.
Buying a lottery ticked is gambling. Picking horses in every race and doing lucky 15’s, 31’s etc. is gambling. The key word being CHANCE
August 4, 2008 at 22:17 #176110paulostermeyer wrote:
Depends which definition of gamble you use, there are at least ten in my dictionary.
Assuming you are referring to betting on horses I personally don’t consider that to be gambling – I consider it to be investing and I approach it in exactly the same manner I treat all my other financial investments e.g. stocks and shares or futures markets. I research, eliminate risk as much as possible and only invest when I think I have a strong chance of making a gain.
I also invest to make a particular percentage return on my investment – once I have achieved my target I stop, I do not get greedy.
However my definition of "gambling" is what I do when I go to a casino and spend money on pure chance – the throw of a dice, spin of a wheel, the turn of a card. That is gambling – based on pure chance.
Buying a lottery ticked is gambling. Picking horses in every race and doing lucky 15’s, 31’s etc. is gambling. The key word being CHANCE
Well said
Himself wrote:
Maybe you gamble for some other reason
The intellectual challenge presented by a puzzle that’s worth unravelling?
August 5, 2008 at 19:42 #176213If any of you have an elderly relative, or know of anyone else, who may have fallen prey to frauds such as the one described here, please do call the Grasshopper Helpline on 09910-FLE-ECED*, where you will be offered a sympathetic ear and objective assistance in your hour of need.
Calls cost £3 per minute – charges are considerably higher from mobiles
Nice one!!!

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