Fascinating Interview with a Legend...

[Graham C]

However if a put on guy betrays the organisation once.. by betting the selection themselves or telling other peeps about the selection they lose their job immediately.

Not seen the vid yet but are these guys that place the large bets aren't allowed to have a few quid  on themselves?  Seems harsh, I'd have thought it would be a perk of the job.

[The Camel]

However if a put on guy betrays the organisation once.. by betting the selection themselves or telling other peeps about the selection they lose their job immediately.

Not seen the vid yet but are these guys that place the large bets aren't allowed to have a few quid  on themselves?  Seems harsh, I'd have thought it would be a perk of the job.

Definitely not.

They are paid very well and get bonuses when the selections win.

If they had a bet themselves it might tip off the bookmaker which way the big punter was going to bet and stop him getting his bet down in the scale he wants it.

[redarmi]

Walters in particular is well known for sending his runners the wrong way to manipulate the price for him if he thinks they are frontrunning him

[Marky147]

Missed this last time around, very interesting thanks

[mulhuzz]

However if a put on guy betrays the organisation once.. by betting the selection themselves or telling other peeps about the selection they lose their job immediately.

Not seen the vid yet but are these guys that place the large bets aren't allowed to have a few quid  on themselves?  Seems harsh, I'd have thought it would be a perk of the job.

Definitely not.

They are paid very well and get bonuses when the selections win.

If they had a bet themselves it might tip off the bookmaker which way the big punter was going to bet and stop him getting his bet down in the scale he wants it.

would it not be possible to do both without tipping off?

like I'm putting 10k on for you, and I want 1k for myself as well -- I just put 11k on it at the same time and when I go to collect I work it out?

[redarmi]

This is what he is doing effectively by paying you a bonus when he wins.

[Graham C]

Interesting job to have that, putting bets on for other people, I wonder how you get into that line of work!  Not sure my bets would tip them off, although a bet of £125,010 perhaps would look strange.

Very interesting video, I'd love to be able to do that sort of thing, even on a much smaller scale!   It's a fascinating world and one I know virtually nothing about.

Do systems like his work better on stat based games ?  In my mind, baseball and NFL are very much stat based where as something like our football or rugby are more likely to be influenced by other things like player on player actions, referees likely to make the wrong decision etc, is that a correct assumption?   Therefore is it safer/better to bet on these things? 

[mulhuzz]

This is what he is doing effectively by paying you a bonus when he wins.

oh yeah... d'oh!

[redarmi]

Interesting job to have that, putting bets on for other people, I wonder how you get into that line of work!  Not sure my bets would tip them off, although a bet of £125,010 perhaps would look strange.

Very interesting video, I'd love to be able to do that sort of thing, even on a much smaller scale!   It's a fascinating world and one I know virtually nothing about.

Do systems like his work better on stat based games ?  In my mind, baseball and NFL are very much stat based where as something like our football or rugby are more likely to be influenced by other things like player on player actions, referees likely to make the wrong decision etc, is that a correct assumption?   Therefore is it safer/better to bet on these things? 

Most start out by not knwoing much at all.  That is the main attraction....that they are 'clear skins' so to speak although some are big losing punters...those are the holy grail because once a bookie has decided that you are a big mug they will do anything for you and change their opinion slowly.  In the States they call them 'beards' (ie they are your disguise) and one of Billy Walters 'beards' wrote a book about his experiences although he doesn't name the man himself or any of the other characters by their real name.  Its called "Smart Money" and it is by Michael Konik.  Interesting read.

[Graham C]

Cheers, the book looks interesting, I may grab a copy

[bobby1]

For those that want an autobiography he hasn't wriiten one but a guy that used to move money for him has and it is called "The Smart Money" by, I think, Michael Konik.  It is not a great book in my view but is interesting enough.  Also if you do a google search for "the story of the computer group" it does a good job of putting otgether Walters early days and the trial for bookmaking.

Just about the best gambling book I have read, and I must have read it 6-7 times. It isn't just about the betting side of their work but the toll it takes on them mentally.

http://www.amazon.co.uk/s/ref=nb_sb_noss?url=search-alias%3Dstripbooks&field-keywords=the+smart+money&x=0&y=0

[Graham C]

Blonde aff link ftw

[kpnuts]

I've wondered this for a while Camel; big winning gamblers in the UK- how do they do it when winning accounts become restricted; in some cases quite rapidly?

Is it just the same way as in the vid with runners doing the betting? or mainly betting in several different shops(which = less value generally)?

Read the book "Enemy Number One" by Patrick Veitch,

It really is a great insight into the tactics of a big punter, the trouble he has getting on and how he beats the bookmakers.

Cheers for video link, Keith. Billy Walters hero. Just ordered Veitch book on Amazon too!

[RedFox]

Lol just read this thread after asking Mr Camel about putteroners on one of his other threads.

I had the pleasure of helping a mate do this once for his bookie friend many years pre internet and he did allow us to stick a £5 on to his bet which he gave us strict instructions as to the bet size particularly differentiating between some of the big national bookies and the local one man independent bookies. It was all legwork and took us 3/4 hours to get round all the bookies in our home town taking early prices where offered and sp when none available.

It won and was hard work but good fun - thing is if it hadnt won it was well out of our normal punting league for our own bets so I can see why the professional putteroner will restrict his own money and be glad to only take the commission from his boss.

[The Camel]

Hasn't been bumped for a while and I just watched it again.

Really is worth watching if you haven't seen it.