If any BIG BOOKIES read this could you please reply.

Why are winning punters accounts terminated???

Seems to happen with every betting shop not just an odd one.

From my American viewpoint, they must be just like the insurance conpanies; all is well as long as you're paying your monthly premiums. File a claim and they are ready to give you the boot. They like the deck stacked much in their favor, as if it's not already, what with all the things that can go wrong in a horserace.I would love to collect money daily with an almost assured profit. What a deal.

Glenn

[ This Message was edited by: TheAvenger on 2004-06-15 09:31 ]

[ This Message was edited by: TheAvenger on 2004-06-15 09:32 ]

[ This Message was edited by: TheAvenger on 2004-06-15 09:32 ]

Another reason to attend the track.
The old time bookie would roll over in their graves at the gutless wonders around today .
Cheers.
darky.

Darkydog. I definately agree with you about the old time bookies turning in their graves if they could see what has happened now.

Do you think the track bookies are any better than the million dollar betting shops who continually brag about the gigantic bets they take, and on the other hand only want losers betting with them.

An Adelaide bookie is regularly on the radio saying he bet to lose $40,000 on numerous occasions but a punter I know said it's near impossible to get $5000 on in the Adelaide ring.I went to the track for 40 years but would sooner bet in Vanuatu and get the best of the 3 totes.

No replies yet from the fearless bookies.

The Late Mail.
The adelaide ring has been pathetic for many years and the main reason I dont bet Adelaide.
I am not surprised the bookies have not responded .After all it would take a bit of dash ,guts and daring to respond wouldn,t it.
And thats in very short supply with this mob.
Cheers.
Darky.

Not sticking up for the bookies, but has anybody here actually had a licence & stood up.

It's not as easy as you would think.

Does Ron Foster still have a stand n Adelaide?, in the late 70's he was one of the biggest, even though he was out in the flats and I never knew him to cut a bet.
on the flip side is Bob Robertson still punting there, he was a pretty big punter back then.

Mark, I had a bookmaking licence for over 15 years.Nobody is saying it's all beer and skittles but I can't see why these big betting shops are never ending spruking about taking gigantic bets and terminate anyone's account when they are consistent winners. Another mate of mine had his account closed this week, which is about the sixth one I know of in the last 6 months.

Most bookies are complaining about reduced turnover and when the get a decent bet can't wait to lay the lot of with someone else.The same $3000 bet is doing the rounds between about 6 bookies.

Anyone attending the races these days can see what a pathetic example these bookies set.I never thought I would ever say that bookies are of no value to racing but it is a fact.The prices go up 5 minutes after they see what the TAB is paying and they may as well have mirrored boards as the prices are the same from one end of the ring to the other. Just a joke.

I totally agree Late Mail. With the godsend of Betfair, I believe that a lot of the current "bookies" days are numbered.

There has been a complete turnaround in the UK. The bookies have their own computers open to Betfair, and when the exchanges first came to be, the bookies would set the markets & the "machines" (as they call them) would follow. Now, only a few years on, the machines set the market & the bookies follow. The on-course value is dwindling as a lot of the bets laid are bet back on the machines at higher prices. It's getting to the point where any serious punters will not be going to the track.

Anybody wish to speculate on where the TAB's will be, in say 5 years?. My belief is that they will bear no resemblance to the TAB of today.

There are at least two areas (understatement) that the TABs are in need of immediate and urgent reform:

1. Bet and account transparency

2. The cost to bet

With respect to the former I (and other Forumites) have offerred living examples of, lets say, peculiar TAB investment patterns. These patterns have an undoubted corollary with race results. "Prescribed Persons" (Trainers, jockeys, stewards etc etc) are prohibited from placing wagers on the outcome of races for many a good reason that needs no re-statement here.

For as long it is permissable for an adult person to anonymously place cash wagers with the TABs it will remain impossible for Racing Authorities (stewards) to effectively police and prevent "Prescribed Persons" making illicit TAB investments. It remains an imperative for the TABs (and on-course bookies) to adopt highly transparent audit trails so as to maintain (restore) integrity in day-to-day Racing that will bear Public scrutiny.

As a first step the TABs could do far worse than look to the Betfair audit trail model. A number of highly visible advertisements (propaganda) are currently airing within the media imputing that the integrity of Racing is threatened by Betting Exchanges. That some of these commercials feature a parade of "Prescribed Persons" leaves me in head shaking disbelief.

........to be continued