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That was indeed the Golden Era of gambling.
Gordon Brown’s introduction of GPT and abolition of betting tax gave punters a chance and also facilitated the betting exchange business model.
And betting exchanges are surely the only place the professional punter has a real chance nowadays, although even they are victims to betting operator’s accountants who don’t like the amount professionals win off other punters relative to the amount the exchange is earning in commission.
A few pro punters have found themselves driven off the exchanges too.
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It's the "Millwall FC" of Point broadcasts: "No One Likes Us - We Don't Care"“That was indeed the Golden Era of gambling.”
It was. Looking back on it, I wish I had been bolder in those days.
Agree with a lot of whats said here, bookies know exactly what they are doing. They are expanding into markets abroad as they get deregulated. There is a steady stream of punters who don’t comprehend a good price from a bad one and / or over round books and what that means. As long as they keep coming, the bookies will be more than happy, if they start to dry up, the potential (i.e. population) is much bigger internationally than in the UK.
Why would the bookies pump resources and money in trying to save UK racing when there are much bigger markets to plunder elsewhere requiring less investment and not being diminished by the anti- gambling lobby.
Sadly the jumps game that a lot of us love and cherish is heading for an inevitable crash unless a tote monopoly is introduced to fund the game in a different way- in my opinion.
– Regards small fields in top races- there is definitely an argument to own horses who are just running in these top races and mopping up place prize money for getting round. But its hardly the spirit of the sport is it.
Drone,
Yes, you’re right – exchange and on course are the options.
I’m no longer full time, but in the last flat season, I made 114 bets, all win singles, average stake just under £400. Of those 85 were on BF, the rest in cash on course.
I had no problems getting on what I wanted on course and payouts were friendly. On BF, my preference for betting in the best races (76/114 bets were on Listed/Group races) means there’s always plenty of liquidity. And it’s much the same on course, as it’s obviously easier to get a big bet laid when it’s a Group race at a Festival meeting, than at a Kempton AW meeting with four bookies in attendance!
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