Is this for real?

I don't gamble, know nothing about it.

But is this for real? ? ?

http://www.newsoftheworld.co.uk/news/381075/Serial-gambler-Elliott-Short-made-pound20m-on-Betfair.html

A SACKED 22-year-old trainee City trader today reveals how he won a staggering £20 MILLION in a YEAR . . . betting on the horses.

Serial gambler Elliott Short was teetering on the verge of bankruptcy with thousands of pounds worth of debts when he came up with a way of winning regularly that has eluded millions of punters since the dawn of racing.
And today Elliott - who scooped £500,000 from one race while he was giving the News of the World this interview - wants to share his secret with YOU.
"It was just a random idea of mine - and it just suddenly started to work out in a big way," says Elliott who has won £1.5 MILLION on a
SINGLE RACE using his system. "I had my idea - and I stuck to my guns and now I'm a millionaire. It's unbelievable but true."
And you can see just how true it is by having a look at his account with online gambling giant Betfair shown on the right. This was how it stood just four weeks ago when his winnings stood at more than £17 MILLION.
Since then, Elliott has won a further £3 MILLION after a hugely successful Royal Ascot week.
His secret - the Holy Grail of the gambling world - lies within the old betting adage: "There's only one winner - and that's the bookie."
Clever

Add to this a clever system - a basic knowledge of racing - and a few hundred quid to get you started.
"The biggest mistake punters make is that they pick up the paper, see the favourite and put all their money on that horse," says Elliott.
"That way the only real winner is the bookmaker because they are the ones picking up the hefty stakes every time these horses lose."
So Elliott decided to turn his betting world upside down - and stop being the punter to BECOME the bookie instead. And gamble on the favourite LOSING.
"On Betfair anyone can become a bookie - and when I discovered this, the money started to pour in," says Elliott.
Members of Betfair - the world's largest internet betting exchange - can back horses in the traditional way - but they can also 'Lay' bets - which means taking bets from other members around the world, just like a bookmaker.
Elliott's system is this: Every morning he picks up the Racing Post and in each race he selects the favourite plus another longer-priced runner.
He then invites punters on the website to bet on these horses winning the race and he acts as the bookmaker, taking a maximum bet of £1,000 on each of the two mounts.
More often than not, the favourite doesn't win - and because Elliott is the bookie, he cashes in. But even if the favourite DOES win the race, Elliott's system means that all the money punters have bet with him on the LOSING second horse can help him offset any losses. "It is much easier to predict which horses are going to lose, rather than which horse is going to win," says Elliott.
"There is nothing crooked or illegal about it - I don't have any inside information on races. I am basing my decisions on the form of horses which is available to all punters.
"The other key fact is that normal bookies take bets on ALL the horses running in the race. That means that they have to pay out on the winner in every single race.
"I don't. I only take money on two horses - and do a lot of homework to ensure that both those horses will be losers."
The only overhead on Betfair is the two per cent commission the site takes on all bets laid. Betfair has changed the face of the betting industry and works like the Tote on a race course - where all the bets are put in a pool and an individual horse's odds is calculated according to what proportion of the pool is staked on it.
The odds on Betfair are broadly similar to the starting prices in the bookies - but the site attracts high rollers who want to bet in huge sums. And Elliott is only too happy to take their money.
At the famous Champion Hurdle at Cheltenham Festival in March, Elliott won £1.5 million because 6-4 favourite Binocular was narrowly beaten.
At the same meeting he scooped £900,000 when 6-5 favourite Kasbah Bliss toiled home more than 20 lengths behind the winner in the World Hurdle. "Even I was surprised about how poorly it did," says Elliott. "I was jumping up and down on my sofa." Even as Elliott met with our reporter, an 11-8 favourite, Monsieur Chevalier, was losing at Royal Ascot making him a cool £500,000. "It was one of my favourite races - a five furlong sprint. All kinds of things can go wrong for a horse," says Elliott.
"The race can be lost in a split second. And that is what happened with Monsieur Chevalier."
Yet there was a time when the former public schoolboy with A Levels in Economics, Maths and English was a loser himself.
Thrill

He caught the gambling bug at prestigious Malvern College. "I used to bet on everything with my friends and it was an immediate thrill," he says. And he was sacked from his £22,000-a-year job as a trainee City trader because his firm caught him betting during office hours.
"I am ashamed to say I turned to drink and was losing thousands of pounds on stupid bets. My mother was particularly worried. I thought I could bet my way out of trouble. I was wrong." His debts meant he was verging on bankruptcy. But then he decided to throw the dice one last time and join Betfair. To get started laying bets he borrowed "a few thousand" from his stepfather and a school friend. "You can limit how much you have to pay out on Betfair - so losses can't spiral out of control on one race," says Elliott.
"Say if you wanted to lay a favourite at 1-2 odds and you had £200 in your account, you would be able to take bets up to a total stake of £400.
"If the horse wins you lose the £200. But if it doesn't, you get the £400 worth of bets. And that's how you start to earn big bucks. It does sound easy, but it is risky and you have to have capital available to cover the bets if it doesn't go your way."
When Elliott started out, he would limit his potential losses by taking bets of £1,000 on two horses in each race.
But as favourite after favourite was beaten his winnings spiralled into tens then hundreds of thousands. That gave Elliott leeway to take even bigger bets.
"I've had my knocks and my off-days, says Elliott who once lost £1.9 MILLION on a day - but only when he was already a multi millionaire. "But the profits have by far outweighed any losses and the system has shown itself to work on most occasions, I have paid back all my debts, along with giving both my friend and stepdad a nice commission for their faith. Not many people would have bet on me."
Now single Elliott - who split with his girlfriend just before he made it big - is planning to close down his Betfair account and bank his TAX-FREE £20 million winnings. But he'll start gambling again with a £2 million float after some time off.
"I'm going have a holiday and buy a couple of properties. That's the plan anyway," he says. "Then I'll start again. These days I don't rigidly stick to my system because now I'm more experienced.
"But I think if you've got the courage and the determination, and someone who will back your idea in the early stages, then you can earn a lot of money in this manner.
"And if an academically lazy jobless guy like me can succeed, then so can anyone."
Biggest win

I won £1.5m in one race

IT was Elliott's biggest win - and by a split second. Binocular was hot favourite for the Champion Hurdle at 6-4 - but Elliott was convinced it would lose.
So he abandoned his system and took bets totalling £1.5 million on the Nicky Henderson-trained runner. "I was in my office and had the TV on. I remember every inch of the race vividly because it was so close. I could see how hard jockey Tony McCoy was whipping Binocular to get it to the front.
"My heart was in my mouth as Binocular, Celestial Halo and Punjabi, a 22-1 outsider, were heading for the line together at Cheltenham. When 22-1 outsider Punjabi won I leapt up in celebration. Then I got my breath back and worked out how much I had just won. That was a very good day at the office indeed."
Biggest loss

I lost £1.9m in one day

HIS worst day began with a horse called Main Aim. Elliot expected it to lose at Newbury - but it won. And then he made the fundamental mistake of trying to chase his losses.
"I threw all my rules out of the window and tried to win back my money, but I got it horribly wrong," he says. "I put a packet on the favourite in the next race. But it was won by a 25-1 outsider ironically called Never Lose. And in the next two races neither favourite won. If I had actually stuck to my system I could have probably earned back my winnings.
"It proved to me once and for all why regular gambling is a mug's game. And when I looked at my bank balance, I had racked up losses of £1.9million Luckily, by then, it didn't dent my profits too much."
Tips

ELLIOTT'S tips for picking his 'winning losers' are:

• CHOOSE favourites in short distance sprints - like five furlongs. "A short race is always congested and the favourite can get hemmed in. It's a real lottery.
• WATCH trainers' form. "When a stable is doing badly, often these horses are not well with a mild virus and they go into races with little chance. Trainers can go for weeks without having a winner."
• WATCH your second horse's weight. "Avoid laying runners with the bottom weight in a handicap. Lightly weighted horses can often win at long odds."

JimmyFloyd

Derren Brown's System is the only real one:cool:

Chucky the tree

I call shenanigans. I can't think of any reason why somone who supposedly found a winning gambling system would get it splashed all over the news of the world so every tom dick and harry can copy him. The fact it's in the news of the world also means it must be bull****. I definitly recommend skipping the whole article and reading the comments, far more entertaining.

Healio

I dont even know where to start.................

He must of done his bollocks big time to have to sell a story to a fcukin load of toilet paper the NOTW is.

Sacked as a trainee city trader, you have to be an absolute fcukwit to have that happen to you. Sacked as a trainee??

Serial gambler Elliott Short was teetering on the verge of bankruptcy with thousands of pounds worth of debts when he came up with a way of winning regularly that has eluded millions of punters since the dawn of racing.

Jesus how original, id never have thought of that. Although he'd need the ultimate stake plan to live with that. The even more worrying thing is he got away with winning 20m+ without ever being asked a question. (take notes there IRA, Al-Qaida and the Westies)

they can also 'Lay' bets - which means taking bets from other members around the world, just like a bookmaker.

Really, no ****. Sure every other bookmaker alive has a 100% record, they all "know" whats going to happen :rolleyes:.
Favourite phrase used: "show me a poor bookie!" Well famous-wise there is John McCririck, not so famous: the thousands of punters who think they can do what Mr. Short has done and day after day lose their proverbials trying to lay the favourites.

Elliott's system is this: Every morning he picks up the Racing Post and in each race he selects the favourite plus another longer-priced runner.
He then invites punters on the website to bet on these horses winning the race and he acts as the bookmaker, taking a maximum bet of £1,000 on each of the two mounts.

OMG, he just gave away his million-euro system!! Some SR this lad has, getting two beaten in every race, no bother to him. 33% or thereabouts of Favourites win, he has some eye if he always gets the other 67% right, even including the outsider.

More often than not, the favourite doesn't win - and because Elliott is the bookie, he cashes in. But even if the favourite DOES win the race, Elliott's system means that all the money punters have bet with him on the LOSING second horse can help him offset any losses. "It is much easier to predict which horses are going to lose, rather than which horse is going to win," says Elliott.

Ever seen a race where the second favourite is less than evens??
I've seen it twice in 14 years, 1 won and 1 lost.
Always manages to dodge the outsider, this guy sounds like jesus or something, he has to have least layed 1 losing selection that wasnt a favourite, usually at least over 6.0 BF, if we are to believe he is laying outsiders.

"There is nothing crooked or illegal about it - I don't have any inside information on races. I am basing my decisions on the form of horses which is available to all punters.

Fair point, probably the only decent bit in the article.

"The other key fact is that normal bookies take bets on ALL the horses running in the race. That means that they have to pay out on the winner in every single race.

More bull ****, who says bookies lay every horse in a race?? This guy and/or writer is beyond taking the piss.

"I don't. I only take money on two horses - and do a lot of homework to ensure that both those horses will be losers."

Ask me bollox, show me a link to a proofed system with a 100% record, talking through his arse. I myself have done a lay system in the past (PM for links if you want), and even as brilliant as it went, i never got every rrace right.

The only overhead on Betfair is the two per cent commission the site takes on all bets laid. Betfair has changed the face of the betting industry and works like the Tote on a race course - where all the bets are put in a pool and an individual horse's odds is calculated according to what proportion of the pool is staked on it.

WTF??? Betfair is like the tote?? This is the point that put me over the edge.
Mr editor/writer read that bit again, then log on here: www.betfair.com then redress your statement you ****ing idiot.

The odds on Betfair are broadly similar to the starting prices in the bookies - but the site attracts high rollers who want to bet in huge sums. And Elliott is only too happy to take their money.

Jesus i didnt think it could get any worse. Betfair regularly whips industry SP's ass. High rollers may be attracted to the site for better prices, but most of the time they are betting on such short prices that the commission nearly makes it a waste of their time.
Elliot is only too happy to take it, pull the other one will ya?

At the famous Champion Hurdle at Cheltenham Festival in March, Elliott won £1.5 million because 6-4 favourite Binocular was narrowly beaten.

No comment.

At the same meeting he scooped £900,000 when 6-5 favourite Kasbah Bliss toiled home more than 20 lengths behind the winner in the World Hurdle. "Even I was surprised about how poorly it did," says Elliott. "I was jumping up and down on my sofa."

Looks more like mystic meg every senatnce, cant wait for next weeks article: I layed jackson to be dead by july and scooped 12million on betfairs novelty markets.

NOTW: "although he had to give up 400,000 in comission, Mr. Short is probably the only one delighted with the untimely death of MichaeL Jackson.

All kinds of things can go wrong for a horse," says Elliott.

A bit like every other race, or every gallops in the morning or even a walk around the paddock.

"The race can be lost in a split second. And that is what happened with Monsieur Chevalier."

After dinner speaking, we are all world champions.

Yet there was a time when the former public schoolboy with A Levels in Economics, Maths and English was a loser himself.

Was?? Surely Economics and Maths aren't worth a tap when the only criteria need is lay the fav and some other horse. Just as well he A-levelled English or we'd never have got to read this load of bolox.

He caught the gambling bug at prestigious Malvern College. "I used to bet on everything with my friends and it was an immediate thrill," he says. And he was sacked from his £22,000-a-year job as a trainee City trader because his firm caught him betting during office hours.

Load of ****. His job was to gamble, albeit with everyone elses money.

"I am ashamed to say I turned to drink and was losing thousands of pounds on stupid bets. My mother was particularly worried. I thought I could bet my way out of trouble. I was wrong." His debts meant he was verging on bankruptcy. But then he decided to throw the dice one last time and join Betfair.

Betfair the solution of everyones problems. :rolleyes:
"I thought i could bet my way out of trouble, I WAS WRONG" - sorry what the **** did i just waste 10 mins reading then?????????????????????????

To get started laying bets he borrowed "a few thousand" from his stepfather and a school friend. "You can limit how much you have to pay out on Betfair - so losses can't spiral out of control on one race," says Elliott.

Borrowed money to gamble; Hope you are listening kids.
"so losses can't spiral out of control on one race," - yeah in one race, although you have the power on the level that loss is.

"Say if you wanted to lay a favourite at 1-2 odds and you had £200 in your account, you would be able to take bets up to a total stake of £400.
"If the horse wins you lose the £200. But if it doesn't, you get the £400 worth of bets. And that's how you start to earn big bucks. It does sound easy, but it is risky and you have to have capital available to cover the bets if it doesn't go your way."

Oh conveniently left out comission, also no mention of the premium charge, winning 20million this year alone he must have been subject to it at least once.

"It does sound easy, but it is risky and you have to have capital available to cover the bets if it doesn't go your way. "

It does sound easy, a bit of reality hits home, the way he was going on we all should be knee-deep in coke with 50 hookers on each arm.

"I've had my knocks and my off-days, says Elliott who once lost £1.9 MILLION on a day - but only when he was already a multi millionaire.

Ask me fcukin sack again. Who do they think we are.

"But the profits have by far outweighed any losses and the system has shown itself to work on most occasions,

On most occasions, what happened when it didnt, further up the paragraph it was bacteria-proof??????????

I have paid back all my debts, along with giving both my friend and stepdad a nice commission for their faith. Not many people would have bet on me."

Good man yourself a bit of human compassion, even still I wouldnt have bet on you, and i still wouldn't, I know betfair, and so do many, and you ain't getting any wool over our eyes.

Now single Elliott - who split with his girlfriend just before he made it big - is planning to close down his Betfair account and bank his TAX-FREE £20 million winnings.

Ha bitch left him, at least she doesnt have to listen to this constant bull**** of how he won 20 million tax free without anyone batting an eyelid. (again IRA, al-qaida, the Westies even finna fail take notes)

But he'll start gambling again with a £2 million float after some time off.

yawn.

"Then I'll start again. These days I don't rigidly stick to my system because now I'm more experienced.

It was the dogs boll ocks 22 lines ago, now your not sticking rigidly, what is the point of the article then, sounds a bit harry enfield to me:
"i am noticing i am considerably richer than y-ow"

"But I think if you've got the courage and the determination, and someone who will back your idea in the early stages, then you can earn a lot of money in this manner.

When money is involved everyone has the courage and determination, but no-one will back them with funds. And no everyone can not make money is this manner you fcuking ill-educated fool.

"And if an academically lazy jobless guy like me can succeed, then so can anyone."

If its true, then your still talking a load of ****e. It may (i have 100% doubt) have worked for you, but it will not work for everyone dik head.

Biggest win

I won £1.5m in one race

IT was Elliott's biggest win - and by a split second. Binocular was hot favourite for the Champion Hurdle at 6-4 - but Elliott was convinced it would lose. So he abandoned his system and took bets totalling £1.5 million on the Nicky Henderson-trained runner. "I was in my office and had the TV on. I remember every inch of the race vividly because it was so close. I could see how hard jockey Tony McCoy was whipping Binocular to get it to the front.

By split second, surely you mean a head??
So convinced he abandoned his fool-proof system, and took a whopper liability of 2.25 million, which would need to be set up with BF beforehand.
Watched it in his office, although i thought he was fcuked out of a job.

"My heart was in my mouth as Binocular, Celestial Halo and Punjabi, a 22-1 outsider, were heading for the line together at Cheltenham. When 22-1 outsider Punjabi won I leapt up in celebration. Then I got my breath back and worked out how much I had just won. That was a very good day at the office indeed."

Heart in mouth, you sounded so cool back in paragraph 1.

Biggest loss

I lost £1.9m in one day

HIS worst day began with a horse called Main Aim. Elliot expected it to lose at Newbury - but it won. And then he made the fundamental mistake of trying to chase his losses.

Finally a bit of truth..............................

"I threw all my rules out of the window and tried to win back my money, but I got it horribly wrong," he says. "I put a packet on the favourite in the next race. But it was won by a 25-1 outsider ironically called Never Lose. And in the next two races neither favourite won. If I had actually stuck to my system I could have probably earned back my winnings.

Again it seemed such a fool-proof lay system, that you totally threw everything out the window and starting backing favourites and done 1.9 million (no questions asked) in the process.
The ironic bit makes me even more suspicious, "Never lose" conveniently ran the 10 of march (4 days before he biggest win).
I smell facts complimenting story, rather than story complimenting facts.

"It proved to me once and for all why regular gambling is a mug's game. And when I looked at my bank balance, I had racked up losses of £1.9million Luckily, by then, it didn't dent my profits too much."

Oh holy jesus!!!!!!!!!! A 1.9 million loss "didn't dent my profits too much" get ****ing real will you. I know punters who'd kill 100 people if there dog got bumped on the first bend for €20, and you can brush off 1.9 mill.

Tips

ELLIOTT'S tips for picking his 'winning losers' are:

CHOOSE favourites in short distance sprints - like five furlongs. "A short race is always congested and the favourite can get hemmed in. It's a real lottery.

What about 7 runner 5 furlong sprints??

WATCH trainers' form. "When a stable is doing badly, often these horses are not well with a mild virus and they go into races with little chance.

Interesting, I'd never have thought of that. :rolleyes:

Trainers can go for weeks without having a winner."

Ah thats what i've been waiting for, i'm sold now. :rolleyes: :rolleyes: :rolleyes:

raheny red

It's pretty obvious here, Healio was backing the very same horses that the failed city trader was laying

Pj!

Betfair's Response:

We have been contacted by several customers in relation to an article in Sunday’s News of the World. We would like to make it clear that Betfair was not asked to comment on, or validate any aspect of, the article ahead of publication.

Although we cannot comment on the activities of any specific customer, some facts which may be relevant to some of the claims made in the article include:

the biggest winner in the relevant Britain’s Got Talent market (Susan Boyle winner - Yes/No) won less than £3,000.

No Betfair customer won £1.5 million or anything even vaguely approaching that amount betting on the Champion Hurdle.

No Betfair customer won £500,000 or anything even vaguely approaching that amount laying Monsieur Chevalier at Royal Ascot

The figures shown in the account statement screenshot in the News Of the World do not reconcile to any Betfair account.

The monies present in a Betfair account are obviously no indicator of the sums won or lost on the account.

We would encourage customers to be wary of the claims of anyone purporting to have a profitable system or strategy.

We would encourage customers to retain a healthy degree of scepticism toward any claims made in the press which are not validated by Betfair.

UnitedIrishman

To be fair, there is absolutely no way in hell that Betfair would allow an account to stay open if someone was winning millions on it. I know someone who is a professional gambler and when they were winning thousands through their Betfair account, they limited him to just making €4 bets.

TomD101

UnitedIrishman wrote: »

To be fair, there is absolutely no way in hell that Betfair would allow an account to stay open if someone was winning millions on it. I know someone who is a professional gambler and when they were winning thousands through their Betfair account, they limited him to just making €4 bets.

Do you know how a betting exchange works?

dsmythy

Forky wrote: »

Betfair's Response:

We have been contacted by several customers in relation to an article in Sunday’s News of the World. We would like to make it clear that Betfair was not asked to comment on, or validate any aspect of, the article ahead of publication.

Although we cannot comment on the activities of any specific customer, some facts which may be relevant to some of the claims made in the article include:

the biggest winner in the relevant Britain’s Got Talent market (Susan Boyle winner - Yes/No) won less than £3,000.

No Betfair customer won £1.5 million or anything even vaguely approaching that amount betting on the Champion Hurdle.

No Betfair customer won £500,000 or anything even vaguely approaching that amount laying Monsieur Chevalier at Royal Ascot

The figures shown in the account statement screenshot in the News Of the World do not reconcile to any Betfair account.

The monies present in a Betfair account are obviously no indicator of the sums won or lost on the account.

We would encourage customers to be wary of the claims of anyone purporting to have a profitable system or strategy.

We would encourage customers to retain a healthy degree of scepticism toward any claims made in the press which are not validated by Betfair.

Well that's the end of that story so. Whatever about his betting "prowess" Elliott is to be commended on his ability to get money out of raggy newspapers.

Lushed1

I will never buy the news of the world ever again. Such a bunch of liars

LinoRichie

jodaw wrote: »

In the first for months of this year i had generated 90K in profits on Betfair (from 440 deposit) ... however i then went on to lose 70K in one month.

Go on, tell us more about this...

Chucky the tree

TomD101 wrote: »

Do you know how a betting exchange works?

Clearly he does...

UnitedIrishman

UnitedIrishman wrote: »

To be fair, there is absolutely no way in hell that Betfair would allow an account to stay open if someone was winning millions on it. I know someone who is a professional gambler and when they were winning thousands through their Betfair account, they limited him to just making €4 bets.

Thats a double whopper !

Lushed1 wrote: »

I will never buy the news of the world ever again. Such a bunch of liars

They make up most of their stories. I wouldn't let a dog sleep on it.

It is the Suns Sunday paper. Enough said.

Lushed1

LinoRichie wrote: »

Go on, tell us more about this...

what was jodaw on about?? I see he removed his comment

Originally Posted by jodaw
''In the first for months of this year i had generated 90K in profits on Betfair (from 440 deposit) ... however i then went on to lose 70K in one month''

Devastator

rarnes1 wrote: »

They make up most of their stories. I wouldn't let a dog sleep on it.

It is the Suns Sunday paper. Enough said.

100% ..... TBH I wouldnt let a dog s*** on it!

UnitedIrishman

TomD101 wrote: »

Do you know how a betting exchange works?

Yes, I have an account on Betfair myself. What seems to be the problem?

Fromvert

UnitedIrishman wrote: »

Yes, I have an account on Betfair myself. What seems to be the problem?

Betfair are never going to limit the amount you can put into a market. So this comment

UnitedIrishman wrote: »

To be fair, there is absolutely no way in hell that Betfair would allow an account to stay open if someone was winning millions on it. I know someone who is a professional gambler and when they were winning thousands through their Betfair account, they limited him to just making €4 bets.

is BS.

Chucky the tree

UnitedIrishman wrote: »

Yes, I have an account on Betfair myself. What seems to be the problem?

It's pretty scary(actually great) that people who have betfairs accounts have no clue how it works. Why would betfair limit someones account? They only make money from commission so they have no reason to limit someones account who is betting in the thousans.

Devastator

Chucky the tree wrote: »

It's pretty scary(actually great) that people who have betfairs accounts have no clue how it works. Why would betfair limit someones account? They only make money from commission so they have no reason to limit someones account who is betting in the thousans.

unless of course they suspect the person of being upto something dodgy :eek: .... not that I would know

Chucky the tree

Devastator wrote: »

unless of course they suspect the person of being upto something dodgy :eek: .... not that I would know

If they suspect that I'm pretty sure they'll close his account and contact the authorities.

Same As

I've never heard of BetFair limiting accounts, but know of a number of people who have had their accounts with other bookmakers such as PP,Lads,Will Hill B.S etc limited due to their lasting profitablity.

All in all;

Bookmakers = Crooks

BetFair = Way Forward

Dabko

UnitedIrishman wrote: »

To be fair, there is absolutely no way in hell that Betfair would allow an account to stay open if someone was winning millions on it. I know someone who is a professional gambler and when they were winning thousands through their Betfair account, they limited him to just making €4 bets.

Caught telling a "Ya, i knew a guy who knew a guy...." story:o:o:o

Dave!

As if I needed another reason to avoid rags like NOTW

Found one though

Dodge

Presumably the guy was limited to €4 bets by his wife. Possibly called bette...

UnitedIrishman

Well the only way I could be wrong is if it wasn't Betfair he was using, in which case I apologise for getting it wrong. But I was nearly positive it was. Because all he did then was ask one of the lads for their password to use their account and then changed his card details on that one.

But yes, maybe I've made a mistake with the bookmaker used. And yes, I'm well aware that Betfair is an exchange and that the company makes their money from commission on bets and not on accepting and laying bets themselves.

Kauto

UnitedIrishman, who would have guessed you were from Mayo you thick ignorant Culchie!!!! You dont have a clue how Betfair works. My advice is go onto their website and do the demo they have there. Might be educational for you. Think before you post ya prick!!!!!

jape

rofl they seem to have removed that article from their site now,

still gave me a good laugh, cheers OP

Dabko

UnitedIrishman wrote: »

Well the only way I could be wrong is if it wasn't Betfair he was using, in which case I apologise for getting it wrong. But I was nearly positive it was. Because all he did then was ask one of the lads for their password to use their account and then changed his card details on that one.

But yes, maybe I've made a mistake with the bookmaker used. And yes, I'm well aware that Betfair is an exchange and that the company makes their money from commission on bets and not on accepting and laying bets themselves.

no harm no foul.

Normal bookies are cu**s for limiting accounts when you are winning, this is probaly what happened.

But back to original post. This system of laying favourites is not a bad way to go when it comes to gambling, its the only system that has worked (when i stick to it!!) for me. Saying that though, its hard work going through each days races and picking 2-4 races max. per day. You need to learn so much information and be able to make sound decisions.
I generally only lay the favourite though, but with the additon of another lay horse, i can see the benefits alright.

That notw article is utter sh1te though - some journalist had head on chopping block yesterday id say. Also, here is the latest lay bettign site which has being promoted of the back of that article - http://www.laybetting.org.uk/

Dabko

Kauto wrote: »

UnitedIrishman, who would have guessed you were from Mayo you thick ignorant Culchie!!!! You dont have a clue how Betfair works. My advice is go onto their website and do the demo they have there. Might be educational for you. Think before you post ya prick!!!!!

Have a dash of manners, no need for a post like that, no matter how wrong he is. And i suppose your from somewhere cool like Dublin?

myflipflops

I suggest the misunderstanding comes from the fact that Betfair used to have (maybe still do?) a MINIMUM stake of €4 rather than any maximum stake of €4.

Pj!

pwhite587 wrote: »

I suggest the misunderstanding comes from the fact that Betfair used to have (maybe still do?) a MINIMUM stake of €4 rather than any maximum stake of €4.

It's €2 now pwhite.

Resession and all... :rolleyes:

Xavi6

Kauto taking 2 weeks off. Let's leave it at that.

Cheers

UnitedIrishman

Kauto wrote: »

UnitedIrishman, who would have guessed you were from Mayo you thick ignorant Culchie!!!! You dont have a clue how Betfair works. My advice is go onto their website and do the demo they have there. Might be educational for you. Think before you post ya prick!!!!!

Go easy keyboard warrior. As I've said, I could've made a mistake with company used.

UnitedIrishman

UnitedIrishman wrote: »

Go easy keyboard warrior