B365 in Oz

[Snowball]

Not a good start from the Mongrels

http://www.youtube.com/watch?v=qneLWoG2MY4&feature=youtu.be

[The Camel]

Looks like tote rigging to me.

Oldest trick in the book.

Not surprised they aren't paying.

[bobby1]

Looks like tote rigging to me.

Oldest trick in the book.

Not surprised they aren't paying.

This. ainec to anything else.

[The Camel]

Looks like tote rigging to me.

Oldest trick in the book.

Not surprised they aren't paying.

This. ainec to anything else.

He should have taken the 25k and run very very quickly.

I hate it when the media run negative stories about gambling and has zero clue about the issues involved.

[redarmi]

Whilst there is clearly more to this than meets the eye if you are a firm like 365 having a tilt at a market like Oz then how exactly do you not have measures in place to combat things like this.  It is the oldest trick in the book like Keith says but it is hardly like they can have a guy blocking the only phone box at the track in this day and age.  I find it pretty hard to believe they cant send money to the track in this day and age especially when they are taking $7k superfecta perms and changing the rules after the fact is absolutely filthy.

[The Camel]

Whilst there is clearly more to this than meets the eye if you are a firm like 365 having a tilt at a market like Oz then how exactly do you not have measures in place to combat things like this.  It is the oldest trick in the book like Keith says but it is hardly like they can have a guy blocking the only phone box at the track in this day and age.  I find it pretty hard to believe they cant send money to the track in this day and age especially when they are taking $7k superfecta perms and changing the rules after the fact is absolutely filthy.

Pool rigging is against all firms rules i believe.

The only bad move they made was lowering their limits and backdating it.

[Royal Flush]

Looks like tote rigging to me.

Oldest trick in the book.

Not surprised they aren't paying.

Can you explain?

[millidonk]

tote rigging: Inflated returns are achieved by investing money on unwanted horses on the course - which goes into the Tote pool - while sizeable investments are made away from the course on the desired animals. The 'away' money does not normally find its way into the Tote pool.

[tikay]

Looks like tote rigging to me.

Oldest trick in the book.

Not surprised they aren't paying.

Can you explain?

Oi you - don't forget the "Tips" Fred needs some NFL Correspondents.....

[The Camel]

Looks like tote rigging to me.

Oldest trick in the book.

Not surprised they aren't paying.

Can you explain?

Invented by poker player Phil Peters.

In the 1960s all forecasts in bookmakers were paid at the oncourse tote dividend.

Phil noticed that at certain ggreyhound tracks, when it rained, outside traps were massively favoured.

So, he waited for the right conditions and then plunged on 5 and 6 reversed through the card at Hackney.

Then went to the track and had a fraction of the amount he'd staked betting 1,2 and 3 combinations.

Fair to say he cleaned up.

Wasn't long until bookmakers invented their own formula by multiplying the SPs of the first and second.

(Although this was exploitable too.. when a long odds on shot was running, the dividend for it to beat the second favourite was far too big)

[tikay]

God bless Phil.

I doubt I've ever seen him without a lappie either, tapping away doing his bets.  What a life he must have had.

I bumped into him somewhere recently, Vegas I think. Not changed a bit.

[Royal Flush]

Ah ok yeah obvious i guess

[The Camel]

God bless Phil.

I doubt I've ever seen him without a lappie either, tapping away doing his bets.  What a life he must have had.

I bumped into him somewhere recently, Vegas I think. Not changed a bit.

When I started at Blue Square, they used the same office as City Index.

There were 2 punters who whenever they wanted a bet, they would take it and move the whole market so City Index would try and be on the same side as these two guys.

One was Tony Bloom. The other was dear old Phil Peters.

That's how good he is. A legend in gambling.

[tikay]

He cashed in the WSOP Main Event again this year, too. He's 71.

[horseplayer]

surely backdating the t+c's wont go down to well in court?

if they sniff there is anychance of losing the licence over this surely they will pay out sharpish