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Ian
its not news to me either… and I don’t doubt for a minute that you would report suspected foul play …BUT my questions to you remain unanswered….
your opinion of how a betting exchange operator should handle this?
– or how they should be regulated to ensure that the betting they faciliate is not abused?
and to be clearer…
Where is this [scrutiny of betting] regimen in betting exchanges?
Who are the keepers of the trust? ÂÂÂ
Are they regulated?
Sure the data may be there – but is it being mined? –
and if it is, is it being examined by people whose only ‘loyalty’ is to the integrity of racing and betting on racing? ÂÂÂ
you make the valid point that "There has been occasional skulduggery in British horse racing for 200 years and betting exchanges are simply the latest vehicle for this." and rightly that "the perpetrators are the problem" BUT racing (globally) is "cleaner" now than it has ever been and unfortuately (for them) betting exchanges are a very efficent "vehicle" with built in anti-detection systems.
Continuing my taint analogy from above the human nose is very sensitive and the problem is that the ability to bet against a runner will always give off a bad smell – and that has the ability to permantly tranish the image of racing as a trustworthy event to wager on – "the premier sport to wager on".
I am not saying ban exchange betting – I am asking the question about what can be done to guarantee with almost 100% certainty that it is without "skullduggery" or "sharks" even….  BUT if it can’t be done then perhaps exchanges need to morph into a marketplace where authorised (licensed) persons (aka bookmakers) make the market "laying" runners.
rouge homme<br>
(Edited by redman at 9:39 am on Jan. 2, 2003)
Burke may be facing a second JC inquiry
Unfortunately when one sees a 10-1 shot being offered at a massive 49-1 in a race where the SP make up is 128% the alarm bells tend to ring,this is especially so when the horse is pulled up lame and later put down…….a tragic and sad case for all concerned.
Their is no doubt that stiffer regulation has to be introduced in order to cover the integrity of the sport…..maybe a simpler form of the ‘fit and proper’ test is in order (for the layers),however,it would be naive to think that this alone would wipe out all the skullduggery….maybe a better option would be to form a review committee (at the cost of the exchanges),they could be given a free hand and be impartial…..a sort of referee with the power to investigate, ‘red card’ and prosecute if neccessary.
Has a relatively large user of the exchanges i would welcome any form of regulation that took away the mistrust  from current proceedings….if this means me coughing up another 0.5% commission so be it!!
A bookmaker on the racecourse wanting to lay a horse that was trading at 9-4 would go 5-2 and be accomodated…….thats the form of trader i am and i expect thats the way to go…….if i wanted to punt something myself and i thought i could manipulate the market a little i would…..thats called gamesmanship and any bookmaker with the slightest understanding would do the same……pushing someting out in order to get yourself a decent price is in order!!!…..if i jumped off a cliff i wouldn’t expect anyone to follow me …… those who did must accept the consequences!!
All in all if everybody played the Gentleman life would be much more bearable.
Nobody can argue……regulation is needed and better sooner rather than later. ÂÂÂ
(Edited by Tony25 at 9:39 pm on Jan. 2, 2003)
Tony I have to agree – and interstingly Paul Haigh in RP had his Racing dos and dont’s – the New Year wish list included the following on the same theme:
For all betting exchanges<br>Not just to accept the rather feeble instruction that trainers should not be allowed to lay their own horses, but to look carefully at all accounts to see whether there is any pattern of any stables’ horses being laid, or any jockey’s mounts for that matter – then to blow the whistle, and to hell with rules of confidentiality. (Maybe it would even be a good idea if they checked individual clients’ accounts to see whether they have laid any particular horse to lose a much larger amount than usual, and then invited the integrity services to check whether the client in question has any friendship or association with the connections of that horse).
rouge homme
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