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  #1  
Old 22nd December 2005, 07:11 AM
Sportz Sportz is offline
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If any bookmaker is dumb enough or lazy enough to simply use UNITAB figures and not cover these loopholes, then they get what they deserve.

Funny that this hasn't happened before, but I guess they'd only do it if they were pretty sure the dog was going to win.

How much did they actually pay out to win this money though? They bet $75000 on the other 5 runners and they would have got back about $65000 if any of them had won, but what about the winner? I didn't see anything about how much money they'd actually bet on the winner???

Last edited by Sportz : 22nd December 2005 at 07:25 AM.
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  #2  
Old 22nd December 2005, 07:28 AM
AB51 AB51 is offline
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Quote:
Originally Posted by HORSE WHISPERER
Crafty betting scheme leaves bookies in the doghouse

Gary Keep and Chris Bassani
21dec05
AN ingenious legal betting sting at the Gold Coast greyhounds ripped more than $200,000 from off-course bookmakers throughout Australia yesterday.



A NSW betting syndicate legitimately involved the Queensland TAB to inflate the odds of a short-priced favourite Lucy's Light, which won by seven lengths.

The syndicate set up legitimate betting accounts with several interstate betting firms including Centreracing, Sportingbet, Sportsbet, Betezy and Adelaide bookmaker Curly Seal.

These firms all offer punters Queensland tote odds on a dog race if requested.

The sting was executed on the second race, a stayers event with only six starters.

It was considered an easy assignment for top stayer Lucy's Light who opened up around Australia as a hot odds-on favourite at a $1.10 return for a $1 investment.

The syndicate backed Lucy's Light with the bookmakers who noticed the short odds and willingly held the bets because at that stage they were up for a minimal payout and stood to win well if the dog lost.

What bookmakers didn't know was that the syndicate would later place $15,000 on each of the other five dogs with Queensland's UNiTAB with only a minute before the race jumped. The bets were placed into phone accounts.

The $75,000 plunge pushed the price of Lucy's Light to $13 when the race started.

The Queensland win pool swelled to $88,645, compared to $12,292 on the Victorian TAB, where Lucy's Light paid $1.40, and $13,729 in NSW ($1.30).

Seal, who faced the largest payout, said he was seeking advice from stewards and his solicitor on the legality of the scheme.

"That's why I can't say too much, but, yes, I held some substantial bets on the winner," he said.

Sportsbet's Matthew Tripp, along with Sportingbet's Michael Sullivan, have reported the race to the Northern Territory Racing Commission.

Tripp said: "I've told all my punters I will pay out at $2 if the NTRC says something was untoward. If the NTRC says nothing is wrong, I will be quite willing to pay out at $13."

Centreracing manager Christian Sawyer has already paid the punters.

"These things happen, good luck to them. We know who the punters are and if they do it again we will simply bet back on the dog on their tote with their own money, thus losing nothing. By the look of things they had about $25,000 with bookies around Australia."

Besides Seal, the other bookmakers are estimated to have paid out between $10,000 to $30,000 each – Seal won't reveal his loss.

UNiTAB wagering manager Shane Adams said: "All rules were abided with."


Brilliant is that not what punting is all about, beat the bookie or the tote.
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  #3  
Old 22nd December 2005, 10:15 AM
Horse Whisperer Horse Whisperer is offline
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"These things happen, good luck to them. We know who the punters are and if they do it again we will simply bet back on the dog on their tote with their own money, thus losing nothing. By the look of things they had about $25,000 with bookies around Australia."

Besides Seal, the other bookmakers are estimated to have paid out between $10,000 to $30,000 each – Seal won't reveal his loss."

they are estimating they had $25000 on the dog itself but seal wont reveal his loss so it may be a bit more.
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  #4  
Old 22nd December 2005, 10:35 AM
Horse Whisperer Horse Whisperer is offline
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it gets better....

Sting punters pocket almost $1m
Chris Bassani, Greyhounds
22dec05
AN insider from the bookmaking ranks close to the Gold Coast greyhound betting sting believes the mystery punters netted nearly $1 million.

The man, who asked not to be named, said: "They (bookies) were taken for a lot of money. They just don't want to look like dills."

Adelaide bookmaker Curly Seal appeared the hardest hit, admitting that he had taken a loss close to $600,000. "If you said (I lost) $600,000 that wouldn't be far off the mark," Seal said.

"The most I lost was on an Epsom in Sydney one year. But that was a big-betting race and it didn't hurt because I gambled and lost.

"That was legitimate. It wasn't anything like Tuesday. That was a total debacle. I've been stung before but not like that – never on a dog whose price wasn't correct."

Seal said two established clients, one in Adelaide and the other in Sydney, placed the bets. On Tuesday, the pair's syndicate backed odds-on favourite Lucy's Light with at least five bookmaking firms around Australia and agreed to be paid on final Queensland tote odds.

Lucy's Light was showing $1.10 in the field of six when the bets where placed.

The syndicate then bet $15,000 on each of the other five runners 45 seconds before the race was to start.

By the time the phone account operator read back the bets and with a natural 30-second delay for the bets to register, the race had started, showing Lucy's Light at $1.10.

After she won easily, the tote updated and her dividend drifted to $13 (12-1).

Seal has spoken to South Australian racing authorities to find out if he is legally bound to pay out at $13.

The Courier-Mail's source said $57,000 was placed on Lucy's Light with Seal.

At $13, that would be a $741,000 payout.

Shane Adams at UNiTAB confirmed five win bets were placed on Lucy's Light's rivals 30 seconds before the start. One punter made all five bets, Adams said.

The biggest shock was the amount of money Seal stands to lose, with associates describing him as a "much-loved character".

"To think this could happen to Curly, he wouldn't hurt a fly," one source said.

"It's real shame this happened to him of all people."

On Tuesday, Northern Territory bookmaking firms Betezy, Sportingbet and Sportsbet appealed to Northern Territory Racing Commission on whether they had to pay out at $13.

By yesterday, both Sportingbet and Sportsbet decided not to wait for the NTRC decision and paid out.

"They are good clients, they got us and good luck to them. It's a nice Christmas bonus," said manager Matthew Tripp of Sportsbet.

Betezy has offered varying payouts if the NTRC rules against the punters, but has agreed to accept the loss.

The bookmakers won't give the names of the punters though Ryan Kay, of Betezy, admitted a circle of punters did a similar thing with a place pool at the Penrith trots six months ago.

"There was a hot favourite. They backed the rest of the field at the last minute on the NSW tote after backing it with the bookies. It paid about $6 or $7," he said.

"This time our firm won't take the full brunt of the sting as we have a $10,000 maximum payout on greyhound races for each client.

"I will add that a few accounts backed the dog, however."

Tripp remembers the Penrith race and said "the NTRC then advised us to cop it sweet and pay".

Kay has said Betezy will look into offering tote odds about trots and dogs races that have small pools.

"There may be something we have to do about it," he said. "We will see."
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