Britain at the Bookies

[Tal]

"not here to make a profit out of peoples misery" sorry pet but thats exactly what you do.

That's not their actual business model, though. It's just an inevitable factor.

It's like saying McDonald's is making a profit out of people's laziness.

I thought it was a good programme, personally. We've seen the fun you can have when you exercise control and how bad it gets when you don't.  Either way, Simon Clare looks happy.

[RickBFA]

Had to smile when they tried to say they don't concentrate shops in deprived areas.

Do they think people are blind?

[horseplayer]

Claire really is an odious individual

[The Camel]

Had to smile when they tried to say they don't concentrate shops in deprived areas.

Do they think people are blind?

Joe Coral once said something like this (I'm paraphrasing) "Show me the areas with the most poverty, the highest rates of unemployment and the most desperation and I'll show you my most profitable shops"

[RickBFA]

Had to smile when they tried to say they don't concentrate shops in deprived areas.

Do they think people are blind?

Joe Coral once said something like this (I'm paraphrasing) "Show me the areas with the most poverty, the highest rates of unemployment and the most desperation and I'll show you my most profitable shops"

They are very clever at trying to justify it too.

Then you see that kid blowing £2,000 on the FOBT.

That old geezer was right, they are worse than crack.

[arbboy]

Had to smile when they tried to say they don't concentrate shops in deprived areas.

Do they think people are blind?

Joe Coral once said something like this (I'm paraphrasing) "Show me the areas with the most poverty, the highest rates of unemployment and the most desperation and I'll show you my most profitable shops"

He also used to say 'never a quarrel bet with coral'.  When i arrived at cheltenham in 2012 i saw a full sized ad board right outside the track actually advertising this statement.  Quite comical.

[arbboy]

Claire really is an odious individual

He is doing his job but he is so far away from the normal punter.  He is a proper wannabe upper middle england social climber who rides out horses in his middle england home (per his twitter page).  He has no connection at all with any of his customers.  That is what really annoys me about the modern betting game.  When i was a kid twenty years ago going to a track i knew i would probably lose but i was betting agasinst guys who were from the dirt like me.  Working class bookies who had done well.  They were willing to take a bet etc.  I don't think those types really exist anymore which is a shame.  i fell in love with the game 20 years ago on the premise you could win.  This show basically tells any wannabe punters if you have anyone ideas about winning just stop now because you can't.

I had to laugh at the lol pro punter who bet a dog ew at 8/1 at romford on a friday night at the track £100 e/w at 8/1 sir you are on.  No shit sir on course layer thats ur jag paid for for the week ev wise!!!!!!!!!!!!!!!!!!!!!!!! lolzzzzzzzzzzzzzzzzzzz.  Place price would probably have been close to 6/1 on bf if the win price was 8/1 at the track and the bf sp win price would probably have been close to 20/1!!!!!!!!!!!!!!! so many lol pro punters on the show in the last 3 weeks. Not surprising because no real pro punter is ever going to show his face.  I think the show has been good overall but the lol pro punters have been comically bad.  Shame they couldn't get one on betting in real pro punter amounts with a real edge to show how real pros do it even if they hid their face.

Clare has got a lot of good PR out of this for his firm so VWP to him but i still think it was a sponsored show on the bbc which must go against bbc guidelines somehow.  There was no mention of betfair in any of the 3 shows who are a major player in the industry.

[arbboy]

"not here to make a profit out of peoples misery" sorry pet but thats exactly what you do.

That's not their actual business model, though. It's just an inevitable factor.

It's like saying McDonald's is making a profit out of people's laziness.

I thought it was a good programme, personally. We've seen the fun you can have when you exercise control and how bad it gets when you don't.  Either way, Simon Clare looks happy.

Difference being if a 30 stone fattie or a 10 stone super athlete wants to order 200 big macs they all 'get on' and get served at the same price with the same service in McDonald's.  They both want to buy a product with a fixed price and they both get treated the same whether they come in every day or once a year.  That is not the same at lolcorals.  The fattie would get his 200 big macs because he is a reg but the skinny once a year guy taking the value because he is hungry wouldn't get on if Mc'D's was like a high street bookie.

McD's set the price for their burgers (the same as lolcoral set the price for their products in advance with a built in profit margin into every price) so are happy to sell to anyone.  For some reason lolcoral set their prices in advance with the margin built into their prices but they feel like they have the ability to sell their identical product at a price to certain customers but not to others.

It really is that simple.  Imagine if McDonalds didn't know how to price up their big macs in order to make a profit.  Why do they?  Because they employ experts to price up a Bigmac correctly in order for them to make a long term profit.  If major bookmakers employed experts at the correct rate to evaluate their products and price them up correctly they would also be able to sell their product to any customer in any volume long term who chooses to walk through their door at a profit.  The reason why they don't is because they pay peanuts for monkeys who would probably struggle to tell the Mc'Ds management how much they should sell a burger for never mind price up a football match or a horse race whilst making the vast majority of their profits from products where you don't need any human to price them up because a monkey literally can price up a roulette wheel.  Welcome to gambling in the UK in 2015.  What a sorry sorry industry it is becoming.

[Tal]

"not here to make a profit out of peoples misery" sorry pet but thats exactly what you do.

That's not their actual business model, though. It's just an inevitable factor.

It's like saying McDonald's is making a profit out of people's laziness.

I thought it was a good programme, personally. We've seen the fun you can have when you exercise control and how bad it gets when you don't.  Either way, Simon Clare looks happy.

Difference being if a 30 stone fattie or a 10 stone super athlete wants to order 200 big macs they all 'get on' and get served at the same price with the same service in McDonald's.  They both want to buy a product with a fixed price and they both get treated the same whether they come in every day or once a year.  That is not the same at lolcorals.  The fattie would get his 200 big macs because he is a reg but the skinny once a year guy taking the value because he is hungry wouldn't get on if Mc'D's was like a high street bookie.

McD's set the price for their burgers (the same as lolcoral set the price for their products in advance with a built in profit margin into every price) so are happy to sell to anyone.  For some reason lolcoral set their prices in advance with the margin built into their prices but they feel like they have the ability to sell their identical product at a price to certain customers but not to others.

It really is that simple.  Imagine if McDonalds didn't know how to price up their big macs in order to make a profit.  Why do they?  Because they employ experts to price up a Bigmac correctly in order for them to make a long term profit.  If major bookmakers employed experts at the correct rate to evaluate their products and price them up correctly they would also be able to sell their product to any customer in any volume long term who chooses to walk through their door at a profit.  The reason why they don't is because they pay peanuts for monkeys who would probably struggle to tell the Mc'Ds management how much they should sell a burger for never mind price up a football match or a horse race whilst making the vast majority of their profits from products where you don't need any human to price them up because a monkey literally can price up a roulette wheel.  Welcome to gambling in the UK in 2015.  What a sorry sorry industry it is becoming.

As you well know, unlike a BigMac, the price of the product in gambling is impossible to calculate perfectly. Dogs are stopped (overfed or undertrained), horses are underridden or deliberately ridden poorly to jupe the handicapper for next time out, animals are unpredictable. The art if pricing is exactly that: an art. The bookie builds in enough margin for error to be satisfied he probably has a profit...until he realises £500k has changed hands on an online exchange and the wisdom of the crowd believes he's effectively overbroke on the five dog. McDonald's will sell anyone Big Macs because they KNOW they're making a profit.

In the stands, ten people are on their 'phones and i-pads, fully aware the orange jacket is two spots higher on the track and now they're pummelling the bookie with fifties. I did think it interesting that the on-track bookie didn't "do" betfair. Much like the fella at Doncaster on Saturday offering 15/2 on a horse that's 14.5 on the exchange...

With the big five, I also disagree with their models on restricting so many customers, but they should be allowed to react to the info they get, just like us punters do. Sometimes that will mean listening when a bloke wanders up to the counter and wants £10k on a bet. In my view, he should be able to get that price on the favourite in the Grand National but he is being a mug if he wants it on the next James Bond record and perhaps he even deserves to be knocked back.

The show has made FOBTs out to be what they are, the traders to be sports fans with some maths and a little gamble and the top brass to be delighted with the results. Two out of three ain't bad.

[Omm]

What's the score with the big VIP punter. Coral are obviously not the only ones to have these sort of events and I can understand this guy saying he stays loyal to coral if they are all the same price but he can't be a winning punter can he? Otherwise they wouldn't entertain him, won on the day which is all well and good, starting saying that this were not big bets for him, 50k and 100k wins before. But what's the score with him and coral for them to want to keep him sweet?

[Tal]

What's the score with the big VIP punter. Coral are obviously not the only ones to have these sort of events and I can understand this guy saying he stays loyal to coral if they are all the same price but he can't be a winning punter can he? Otherwise they wouldn't entertain him, won on the day which is all well and good, starting saying that this were not big bets for him, 50k and 100k wins before. But what's the score with him and coral for them to want to keep him sweet?

He could theoretically be a winning punter on certain sports bu they want him to give more action on other things.

If we do accept that he's rinsing them on football (I assume with an enormous database of statistics he applies algorithms to), we have also to accept that he's the type of chap to put £700 on a horse when he doesn't know what colours its jockey is in.

[tikay]

What's the score with the big VIP punter. Coral are obviously not the only ones to have these sort of events and I can understand this guy saying he stays loyal to coral if they are all the same price but he can't be a winning punter can he? Otherwise they wouldn't entertain him, won on the day which is all well and good, starting saying that this were not big bets for him, 50k and 100k wins before. But what's the score with him and coral for them to want to keep him sweet?

He could theoretically be a winning punter on certain sports bu they want him to give more action on other things.

If we do accept that he's rinsing them on football (I assume with an enormous database of statistics he applies algorithms to), we have also to accept that he's the type of chap to put £700 on a horse when he doesn't know what colours its jockey is in.

He might also enjoy splashing some cash on online slots, blackjack, roulette etc. Even if he is a winning sports bettor, he could still be a profitable account for the firm on other products. 

[Tal]

What's the score with the big VIP punter. Coral are obviously not the only ones to have these sort of events and I can understand this guy saying he stays loyal to coral if they are all the same price but he can't be a winning punter can he? Otherwise they wouldn't entertain him, won on the day which is all well and good, starting saying that this were not big bets for him, 50k and 100k wins before. But what's the score with him and coral for them to want to keep him sweet?

He could theoretically be a winning punter on certain sports bu they want him to give more action on other things.

If we do accept that he's rinsing them on football (I assume with an enormous database of statistics he applies algorithms to), we have also to accept that he's the type of chap to put £700 on a horse when he doesn't know what colours its jockey is in.

He might also enjoy splashing some cash on online slots, blackjack, roulette etc. Even if he is a winning sports bettor, he could still be a profitable account for the firm on other products. 

Sorry. Yes of course. Other sports or casino games.

[Omm]

What's the score with the big VIP punter. Coral are obviously not the only ones to have these sort of events and I can understand this guy saying he stays loyal to coral if they are all the same price but he can't be a winning punter can he? Otherwise they wouldn't entertain him, won on the day which is all well and good, starting saying that this were not big bets for him, 50k and 100k wins before. But what's the score with him and coral for them to want to keep him sweet?

He could theoretically be a winning punter on certain sports bu they want him to give more action on other things.

If we do accept that he's rinsing them on football (I assume with an enormous database of statistics he applies algorithms to), we have also to accept that he's the type of chap to put £700 on a horse when he doesn't know what colours its jockey is in.

He might also enjoy splashing some cash on online slots, blackjack, roulette etc. Even if he is a winning sports bettor, he could still be a profitable account for the firm on other products. 

Sorry. Yes of course. Other sports or casino games.

Yeah I thought at the time he could be a winning punter elsewhere and stays loyal to coral for punting, gets him the VIP treatment I suppose.

[Chompy]

Was that 'Angry Greg Raymer' we caught a glimpse of a few times at Romford?