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These large staking customers are generally known as "Elite customers" assuming they bet regularly (and are losing money) at my firm. We have to send their bets off for acceptance but as they are monitored we know all about their profit /loss and I have never known them have a bet rejected. The customers are not particulary "shrewd" but Ladbrokes don’t want to lose these customers so essentially give them what they want whether it be £3k at Brough Park with a dodgy board price or £2k at Ascot as sp.
However for football bets it is a completely different matter. If you want 2k on Russia at 6/4 it will generally be revised to £500 at 6/4 and the rest at 5/4.
We are very suspicious of strangers too:biggrin:. The general rule seems to be if you are losing oney then you can have whatever you want but if you are winning its ultimately cut to £20.
Spook,<br>The bet Hills attempted to ‘trim up’ for me was on a Gary Moore horse on the Ling aw track.
Incidentally the Tyne & Wear customer lost a reported £347 grand.
With reference to the Ryder Cup golf betting last weekend I noted Jennings (bookmakers) limited bets to new customers to just £50.00 ( I suppose they thought they must have been in the know)
With regard to all these massive bets all bookies seem to love to reveal why is it then that some shrewdies such as Ted Walsh or Mike Flutter are able to get thousands on horses and others without stable connections cannot. <br>I would have no hesitation in stating the likes of Mike Flutter would hardly bother with a £300 bet.
The late William Hill prided himself by taking massive bets without the need to attempt to trim them and one has just to read the wagers the late Alex Bird had with him.<br>I think that whilst punters have never had it so good with the exchanges and no betting tax and vast amounts of information from web sites (such as this one) its is still difficult to get a decent bet on at times unless its on some odds on runner.
Quote: from Seagull
I would have no hesitation in stating the likes of Mike Flutter would hardly bother with a £300 bet.
Seagull,
Whilst it would be amusing if he was called ‘Flutter’, surely the correct name is Mike Futter ?
And as nobody else has mentioned it, perhaps one reason why a bookmaker might be willing to accept a large stake on an event like the Ryder Cup outright market is the knowledge that he can hedge the bet on BF where the liquidity is measured in millions.
It’s also likely that Hills would have had significant liabilities on Europe and were more than happy to get money for the USA in their book. My guess is that a request for a similar amount on Europe might have been declined or at least knocked back.
AP<br>
Anyone ever read Mick Farrells "Diary of a failed Punter"
In it he tells a story of how they once for a bit of fun, they rang up one of the bigger firms looking for the price quoted publicly for a horse that was coming over for a race in Ireland. After checking with her superiors, she told them that there was sizeable bets taken from somebody connected that morning and now the price would have to greatly diminished. Of course everybody connected with the horse knew this was unlikely since the horse had dropped dead early the same day.
A couple of years ago, a friend of mine worked in the local betting office and if she was trying ok a bet, the first question asked was "Do you recognise or know the punter?" If she did, the bet would be usually be taken. Very weary of strangers.
SHL
Quote: from SirHarryLewis on 11:26 am on Sep. 28, 2006[br]Anyone ever read Mick Farrells "Diary of a failed Punter"
In it he tells a story of how they once for a bit of fun, they rang up one of the bigger firms looking for the price quoted publicly for a horse that was coming over for a race in Ireland. After checking with her superiors, she told them that there was sizeable bets taken from somebody connected that morning and now the price would have to greatly diminished. Of course everybody connected with the horse knew this was unlikely since the horse had dropped dead early the same day.
A couple of years ago, a friend of mine worked in the local betting office and if she was trying ok a bet, the first question asked was "Do you recognise or know the punter?" If she did, the bet would be usually be taken. Very weary of strangers.
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