Huge gamble attempted at the moment

CiarraiAbu2

https://www.racingpost.com/news/latest/bookmakers-on-red-alert-as-first-leg-of-big-priced-treble-wins-at-musselburgh/472222

First two up, one left.

RivetingRoger

Last gone 4/7

famagusta

Hope they pull it off, prize money is so **** in england, you'd want to land a gamble or two

IAMAMORON

You would imagine that the bookies have ploughed into the last leg themselves to offset the liability?

Hmob

What's the logic behind publicizing this?

Is it good for them to publicize a betting coup?

IAMAMORON

Hmob wrote: »

What's the logic behind publicizing this?

Is it good for them to publicize a betting coup?

Yes to a certain extent.

To be honest if I got a whopper up I would genuinely be concerned about them pulling fast ones.

What could you really do?

posturingpat

Hmob wrote: »

What's the logic behind publicizing this?

Is it good for them to publicize a betting coup?

Great for them. If this wins they pretend they lost more than they did. Then every false gamble with get latched onto for the next month. Dare I say they may make a false one or 2 themselves?

Hmob

posturingpat wrote: »

Great for them. If this wins they pretend they lost more than they did. Then every false gamble with get latched onto for the next month. Dare I say they may make a false one or 2 themselves?

That's what I was thinking

It must be a legit coup though.and they'll be paying out

Daraa

Bit anticlimactic

IAMAMORON

I would say there will be some table biting going on later.

What would you do if you were waiting on a winner for 5 or 6 figures? I would have to see myself cashing out with one leg to go.

IAMAMORON

You would hope a few of the punters on at 40's managed to cash out also - phucker went off at 4/5 .

robbiezero

IAMAMORON wrote: »

I would say there will be some table biting going on later.

What would you do if you were waiting on a winner for 5 or 6 figures? I would have to see myself cashing out with one leg to go.

Was around evens on the exchanges. If I was waiting on say 100K, I'd probably lay it at evens on the exchanges for maybe 30 or 40K?

I'd say it would be better than the cashout value and you still have a bit of interest in the race.

posturingpat

I'd say its be hard enough work.. If you've 30 or 40k lined up to lay it at around evens it'll end up plenty offering bigger with how weak it is.

IAMAMORON

robbiezero wrote: »

Was around evens on the exchanges. If I was waiting on say 100K, I'd probably lay it at evens on the exchanges for maybe 30 or 40K?

I'd say it would be better than the cashout value and you still have a bit of interest in the race.

Most def, if it was that easy?

I mean given the amount of money they were speculating, there may not have been enough in the market to go around for a big lay? I don't actually know. Also you would to want ot have the 40 k floating around handy?

All the pro punters say that cashing out is a bad thing to do, I have heard Dave Nevison say it and even Findlay. Although Findlay did lay off 600k on his New Zealand gamble at half time when he had 2 million for the world cup years ago.

This dude here cashed out at Ascot a few summers ago, I would be thinking cash out myself. A fiver ew he had into thousands... nice.

Motivator

I always fear for lads getting paid on these type of bets. I got a Yankee up 3 or 4 years ago. Sylvestre De Sousa rode two winners at the day meeting then went to Windsor I think it was on a Monday evening and rode two more. I had to wait a month to get paid by Ladbrokes. Total came to just under €8k and I learned afterwards that the staff were asking questions about me. Who was I, did I have connections to stables in England etc. I don’t think it occurred to anyone that I simply took a chance on four horses that had a chance with one of the best jockeys in racing riding them. Eventually I got paid but I have never done another multiple with that crowd and I’ve heard endless stories of people being refused to be paid out for the most unbelievable reasons.

The last bet I tried to have with Ladbrokes was €100 ew on a 5/1 2nd fav in a Grade 1 at Cheltenham. They offered me €30 ew at the price and the rest at SP. A total joke of an outfit.

IAMAMORON

I won a yankee a few years ago with PP and they paid, but my account got suspended for a day or so. It was Cheltenham week and whilst they didn't pay initially they had to in the end - the year Bobs Worth won the Gold Cup.

But I would be genuinely concerned how it would play out if there was a serious liability. I could definitely see them trying it on.

What could you do? There was a case in town a few years back about one of the casinos stiffing a punter for around 20 odd k he won at Blackjack. It went to court and the casino won, I can't remember the hock and bull they went with, but he didn't get his money. If I remember rightly it was judged that they no obligation to pay out - I am not sure if that is the same legislation in sports gambling - but if those chunts owed a big 5/6 figure sum of any significance I would not put it past them throwing it at their legal team and taking their chances.

At the same time didn't a head lad in Lambourn make a million at Cheltenham on a load of Nicky Henderson horses? I think he went to the States and bought himself a yard?

robbiezero

IAMAMORON wrote: »

Most def, if it was that easy?

I mean given the amount of money they were speculating, there may not have been enough in the market to go around for a big lay? I don't actually know. Also you would to want ot have the 40 k floating around handy?

All the pro punters say that cashing out is a bad thing to do, I have heard Dave Nevison say it and even Findlay. Although Findlay did lay off 600k on his New Zealand gamble at half time when he had 2 million for the world cup years ago.

This dude here cashed out at Ascot a few summers ago, I would be thinking cash out myself. A fiver ew he had into thousands... nice.

Ya, getting together 40K for betfair could be a problem alright.
From what I have seen cash-out is often really poor value, but others may differ on that.

ComplyOrDie

posturingpat wrote: »

Great for them. If this wins they pretend they lost more than they did. Then every false gamble with get latched onto for the next month. Dare I say they may make a false one or 2 themselves?

Nonsense, they work on the basis of numbers with a cut of margin taken off every euro spent with them, you're making them out to be shady operations, the main players are operating at a global scale, a loss of a couple of million won't hit the balance sheet that much, sure they'll cry about it and get as much publicity as they can, but pretending they lost more and suggesting they make a few is just no nonsense. This coming from someone who's been heavily restricted from multiple of them and as a result I'm by no means a fan, but I'll defend them in this instance

ComplyOrDie

IAMAMORON wrote: »

You would hope a few of the punters on at 40's managed to cash out also - phucker went off at 4/5 .

They probably disabled cash out, I remember for the Frankie accas a number did, I'd assume this was an effort nto protect themselves, because the first few were up, this resulted in increased liability for later selections, so the price's were cut, this in turn was resulting in increased cash out value that was over generous

Another stunt I encountered before was them disabling the ability to multi up certain selections, stopping general public jumping on bandwagon

ComplyOrDie

robbiezero wrote: »

Was around evens on the exchanges. If I was waiting on say 100K, I'd probably lay it at evens on the exchanges for maybe 30 or 40K?

I'd say it would be better than the cashout value and you still have a bit of interest in the race.

Unless you were a big player, it's unlikely you be able to get the funds into account that quick, deposit limits and all that, you might have an hour between 2nd and 3rd leg, different story if you were involved in coup, it'd be easier to prepare then, but logically I agree with you, way better than what you'd be getting from cash out

ComplyOrDie

Motivator wrote: »

I always fear for lads getting paid on these type of bets. I got a Yankee up 3 or 4 years ago. Sylvestre De Sousa rode two winners at the day meeting then went to Windsor I think it was on a Monday evening and rode two more. I had to wait a month to get paid by Ladbrokes. Total came to just under €8k and I learned afterwards that the staff were asking questions about me. Who was I, did I have connections to stables in England etc. I don’t think it occurred to anyone that I simply took a chance on four horses that had a chance with one of the best jockeys in racing riding them. Eventually I got paid but I have never done another multiple with that crowd and I’ve heard endless stories of people being refused to be paid out for the most unbelievable reasons.

The last bet I tried to have with Ladbrokes was €100 ew on a 5/1 2nd fav in a Grade 1 at Cheltenham. They offered me €30 ew at the price and the rest at SP. A total joke of an outfit.

They are a joke, I got a nice DBL up and they froze my account for a month

posturingpat

ComplyOrDie wrote: »

Nonsense, they work on the basis of numbers with a cut of margin taken off every euro spent with them, you're making them out to be shady operations, the main players are operating at a global scale, a loss of a couple of million won't hit the balance sheet that much, sure they'll cry about it and get as much publicity as they can, but pretending they lost more and suggesting they make a few is just no nonsense. This coming from someone who's been heavily restricted from multiple of them and as a result I'm by no means a fan, but I'll defend them in this instance

Well I had a trader tell a manager in a shop(a buddy of mine) not to take any bet off me without ringing it to trading because "I had their pants down" with an ew single that paid out less than 2k.
Then there does be the bull of "all the right faces are on" and horses dont turn up. They talk plenty of baloney and I would be very confident they would overestimate their losses in press releases in these kind of situations.