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Legendary horse racing scam attempted at Yarmouth

NinetyTwoTeam

I'm thinking there's no way this was a mistake.

http://www.rte.ie/sport/racing/2017/0727/893432-controversy-yarmouth/

Trainer saddles up one of his 3 year olds as a 2 year old, okay that can happen I guess. But then it goes and wins... at a price of 50-1.

They were caught by some kind of testing which appears to be routine so you would think they wouldn't expect to get away with it, but as I said the fact the horse won at such big odds it seems unlikely to be just a mix up, had to be planned.

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Canis Lupus

Horse racing in its entirety is a scam. This sort of thing is hardly surprising.

r93kaey5p2izun

I don't know. It was caught when the microchip was scanned and showed it was the wrong horse. That's done after each race I think so how could anyone think they would get away with it? Yet it seems very suspicious.

Canis Lupus

That article said as well that at this point the results stand (trololo) so are bookies paying out/ already paid out? People particularly anyone involved with this 'mistake' are hardly gonna go back to the bookies to return the money.

suicide_circus

Any sport which has gambling as its single raison d'etre is bound to be riddled with naughtiness

PirateShampoo

Didn't this happen on a episode of Eastenders?

artanevilla

If there was a significant amount of money on the horse it wouldn't have been 50/1.

Special Circumstances

artanevilla wrote: »

If there was a significant amount of money on the horse it wouldn't have been 50/1.

Definitely no "anomalous" patterns at the last minute.

ohnonotgmail

NinetyTwoTeam wrote: »

I'm thinking there's no way this was a mistake.

http://www.rte.ie/sport/racing/2017/0727/893432-controversy-yarmouth/

Trainer saddles up one of his 3 year olds as a 2 year old, okay that can happen I guess. But then it goes and wins... at a price of 50-1.

They were caught by some kind of testing which appears to be routine so you would think they wouldn't expect to get away with it, but as I said the fact the horse won at such big odds it seems unlikely to be just a mix up, had to be planned.

the testing is just scanning the microchips that all racehorses have. the same chips that are used for domestic pets. there is no way this was deliberate. there is no way to get away with it.

fizzypish

I know little about horses but greyhounds have markings on their inner ear. I would presume horses would have something similar regarding ID (microchips have been mentioned). The fact that both horses were running that day too would lead to issues. Someone would notice the difference in form, slight differences in the horses and what not. My doubt come from it being too simple for anyone sensible to try.

Harry Palmr

If it was a scam then almost no one was in on it and very little money changed hands. I suppose if someone stuck a few fifties on it on the exchanges the market wouldn't notice.

[Deleted User]

Harry Palmr wrote: »

If it was a scam then almost no one was in on it and very little money changed hands. I suppose if someone stuck a few fifties on it on the exchanges the market wouldn't notice.

Indeed.
I think on betfair you can view all money matched retrospectively ........... typically with a 50/1 you'd get €100 ish on at the guts of 100/1 so a decent wad.

Dunno if betfair exchange pay out fptp or the official amended result though.

BillyBobBS

Horse racing is for dimwits. I approve of this scam.

Del2005

Delilah Swift Emerald wrote: »

I don't know. It was caught when the microchip was scanned and showed it was the wrong horse. That's done after each race I think so how could anyone think they would get away with it? Yet it seems very suspicious.

A lot of gambling is done on a "First past the post" basis so the bookies will have to pay out. So this just goes to show what a scam gambling is when the wrong horse wins a race and there's still a payout, not that bookies actually have to pay out anyway (the fact that they won't have much business if they don't means they nearly always do though)

osarusan

Not really 'legendary'...not even clear if it was deliberate or not, and if it was, then fairly stupid as it was detected as part of a routine test.

Legendary would be finding some way to alter the chip so it can produce different identities when scanned.

begbysback

Cutting the horse in half, then stitching the back legs of the 3yr old onto the front legs of the 2yr old - now that would be legendary

diomed

After a stewards' inquiry, it was found that the 3yo Millie's Kiss had run instead of Mandarin Princess. As the weighed-in signal had been given, the result stands until an official BHA hearing. Most bookmakers paid out on the winner and the runner-up.

diomed

Canis Lupus wrote: »

Horse racing in its entirety is a scam. This sort of thing is hardly surprising.

It is a sport that began long before soccer, hurling, rugby, motor racing, baseball, basketball and just about every other sport.
It is enjoyed by millions. People have wagered on the outcome of horse racing from the start. It began with contests between two horses where their owners put up a stake, winner take all. Their friends and supporters instead of watching without an interest also backed their opinions, and the sport has grown since.

seamus

diomed wrote: »

It is a sport that began long before soccer, hurling, rugby, motor racing, baseball, basketball and just about every other sport.
It is enjoyed by millions. People have wagered on the outcome of horse racing from the start. It began with contests between two horses where their owners put up a stake, winner take all. Their friends and supporters instead of watching without an interest also backed their opinions, and the sport has grown since.

If nobody could bet on horse racing, then nobody would care about it.

It would be an extremely niche sport that received zero media coverage.

That's the reality of what it has become, a scam for governments to pass money into the hands of bookies and trainers.

ohnonotgmail

seamus wrote: »

If nobody could bet on horse racing, then nobody would care about it.

It would be an extremely niche sport that received zero media coverage.

That's the reality of what it has become, a scam for governments to pass money into the hands of bookies and trainers.

how exactly is it a scam???

seamus

ohnonotgmail wrote: »

how exactly is it a scam???

The governments stumps up prize money and subsidies and receives very little tax on bets and winnings in return. Effectively handing money to bookies and trainers for very little return.

ohnonotgmail

seamus wrote: »

The governments stumps up prize money and subsidies and receives very little tax on bets and winnings in return. Effectively handing money to bookies and trainers for very little return.

it does? news to me.

Breaston Plants

It was no scam, a genuine mistake. Now, this one was a legendary scam.
https://en.m.wikipedia.org/wiki/Yellow_Sam_betting_coup

begbysback

seamus wrote: »

The governments stumps up prize money and subsidies and receives very little tax on bets and winnings in return. Effectively handing money to bookies and trainers for very little return.

You seemed to forget the tax revenue generated from stud farms and other areas, the revenue generated through tourism and the employment generated through the sport in this country.

diomed

seamus wrote: »

If nobody could bet on horse racing, then nobody would care about it.
It would be an extremely niche sport that received zero media coverage.
That's the reality of what it has become, a scam for governments to pass money into the hands of bookies and trainers.

The uninformed public believe horse racing is corrupt, and is a big betting area.

As far as I can see the big betting sport is tennis, and it also has I believe, the greatest number of betting scandals.
It is common for millions to be bet on unimportant last 64, last 32 matches.

To support my opinions a few minutes ago I went to find some facts.
People who comment on horse racing and gambling never bring facts to the discussion.

These are the active markets on Betfair now, showing how much was bet.

€25 million bet on the cricket 1st test match Sri Lanka v India.
Another €12 million bet on the cricket 3rd test match England v South Africa.
A total of €38.8 million bet on cricket.
Then there is €9 million bet on a boxing match.
Over €1 million bet on a quarter-final tennis match at the Swiss Open.
I never heard of either of these tennis players.

Market Matched (€) Sport
Test Matches / Sri Lanka v India (1st Test) / Match Odds 25988823 Cricket
Test Matches / England v South Africa (3rd Test) / Match Odds 12737605 Cricket
Boxing Matches / Mayweather Jr v McGregor / Match Odds 8963234 Boxing
Quarter Final Matches / Hanfmann v J Sousa / Match Odds 1145309 Tennis
Group B / RBC Canadian Open 2017 / Winner 579454 Golf
Group B / Porsche European Open 2017 / Winner 242918 Golf
FIFA World Cup 2018 / Winner 2018 153120 Soccer
GB / Ascot 28th Jul / 1m Listed 65515 Horse Racing
Group B / Senior Open Championship 2017 / Winner 56563 Golf
GB / Thirsk 28th Jul / 5f Nov Stks 53376 Horse Racing
GB / Ascot 28th Jul / 7f Nov Stks 48468 Horse Racing
GB / Ascot 28th Jul / 2m Hcap 43107 Horse Racing
GB / Uttox 28th Jul / 2m Nov Hcap Hrd 35256 Horse Racing
GB / Ascot 28th Jul / 6f Mdn Stks 28113 Horse Racing
GB / Thirsk 28th Jul / 6f Nursery 12636 Horse Racing
GB / Thirsk 28th Jul / 7f Nov Stks 10143 Horse Racing
GB / Thirsk 28th Jul / 7f Nov Stks 9866 Horse Racing
Fixtures 11 August / Arsenal v Leicester City / Match Odds 3138 Soccer
Fixtures 13 August / Newcastle v Tottenham / Match Odds 2839 Soccer
Fixtures 12 August / Watford v Liverpool / Match Odds 1727 Soccer
Fixtures 12 August / Chelsea v Burnley / Match Odds 1339 Soccer
Fixtures 13 August / Man Utd v West Ham / Match Odds 1306 Soccer
Group B / Ryder Cup 2018 / Winner 523 Golf
Fixtures 19 August / Tottenham v Chelsea / Match Odds 84 Soccer
Fixtures 19 August / Swansea v Man Utd / Match Odds 58 Soccer
Fixtures 19 August / Stoke City v Arsenal / Match Odds 27 Soccer
Fixtures 19 August / Man City v Everton / Match Odds 8 Soccer
Fixtures 19 August / Huddersfield v Newcastle / Match Odds 1 Soccer

There will be more bet on the horse racing when it starts in the afternoon, but nothing like the money bet on tennis, cricket, soccer, golf.

jmayo

As Diomed detailed above there is huge betting in other areas such as cricket.
I would say some Irish people think that cricket is some quaint British colonial sport, and haven't copped on that it's absolute massive appeal in some of the most populous countries in the world i.e. India, Pakistan, Bangladesh.
And there have been a fair amount of match fixing and ball tampering scandals in it.

I am not fan of horse racing, but I can appreciate it is massive business in this country and we are world leaders.

A fair few people seem to believe it is rigged when the other big sports they follow are not.
Why don't some people look up some of soccer's major winners over the years or look at the referring performance at the rugby world cup final in NZ to see rigging.

I think it is the same mindset that doesn't believe there isn't doping in the likes of soccer unlike cycling, athletics, weightlifting, swimming, tennis, etc.

I would bet there is cheating involving doping to some degree in most physical sports, just like there is rigging and fixing in a fair few sports events, especially now when you can bet on almost anything.

[Deleted User]

It is rumoured that a massive coup was landed. Someone actually had a whole Pound, i.e. 100 pence on at 50/1. The bookie fainted, but recovered in time to chalk up for the next race.

Badly Drunk Boy

PirateShampoo wrote: »

Didn't this happen on a episode of Eastenders?

There aren't any animals on Eastenders except the odd dog. Actually, there are a lot of dogs on Eastenders...

Del2005

begbysback wrote: »

You seemed to forget the tax revenue generated from stud farms and other areas, the revenue generated through tourism and the employment generated through the sport in this country.

Most of the big stud farms are corporations so pay very little tax. The wages for the vast majority in the horse industry are terrible considering the profit that the owner and trainers are making. Getting hundreds of thousands for a horse to ride another horse while paying the staff minimum wage isn't a fair system.

What about the countless people who have lost everything due to gambling who never gamble but their partner or parent does?

ArmaniJeanss

seamus wrote: »

The governments stumps up prize money and subsidies and receives very little tax on bets and winnings in return. Effectively handing money to bookies and trainers for very little return.

Theres a 1% tax on all bets. Possibly doesn't seem a lot but because of the repeated money factor in gambling its effectively much higher.

Donal55

ArmaniJeanss wrote: »

Theres a 1% tax on all bets. Possibly doesn't seem a lot but because of the repeated money factor in gambling its effectively much higher.

The govt probably pays out much more in grants to farmers, including the large corporate types.
Unfortunately we'll never know who or how much as the IFA lobbied successfully to have these details hidden.