Are ARC Right To Cut Prize Money?
As an on course Bookmaker at Lingfield it was dissapointing to see last Saturday’s racecard reduced to just five races with the trainers protesting against the drop in prize money at the track.
Should the media be more balanced in their views on Betting?
The Betting Industry has taken a real bashing from the BBC recently. Last week we had the ‘’Can You Beat The Bookies?’’ presented by a guy called Lloyd Griffith who is allegedly a comedian and appeared as a character called ‘Gutbuster’ in a series of Ladbrokes TV adverts a couple of years ago. The format …
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Not Always Wise To Listen To The Hype!
GVC (owner of Corals and Ladbrokes) last week released their results for the second quarter of the year. This is the first full period taking into account the drop in stake on the FOBTs from £100 to £2.
Are Betting Exchanges Paying Their Due To Racing?
UK Horseracing has got a massive crisis on its hands with Levy income being hit by a 17 million shortfall and the racecourses’ contributions to prize money about to take a massive dip due to the closure of hundreds of betting shops.
Were the bookies right not to allow Dettori bets?
It was met with great surprise when on Friday punters struggled to get their multiple bets on Frankie’s mounts.
Why are bookies obsessed with laying Favourites?
When we first started betting on course four years ago it was a real eye opener. I soon learned that all the other books had to get the jolly in at any cost. I didn’t understand then and I still don’t now what the obsession of laying top of the market horses is when there …
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Are RCA going to make it harder for smaller on course bookies to operate?
Today all On Course bookmakers were contacted with the news that the Racecourse Association were intending to add a new clause to their agreement with bookmakers: ‘No bookmaker may utilise software which monitors or tracks the prices offered by betting exchanges online and, based upon that monitoring, automatically generates a price that is displayed on …
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Are Bookies right to close accounts?
My answer to this is a resounding YES. We are a business and although we like to give our customers a great service and great odds the bottom line is we have to make a profit. That’s not to say that everyone who backs a steamer is shut down; 26% of our active users are …
Roll On The Tiger
Everyone in the betting industry looks forward to the Grand National. It’s the one day when you can guarantee you will be significantly busier.
Double Result Payout
Twenty Six years ago when I owned my first betting shop the game was very different; the big three betting companies: Corals, Ladbrokes and William Hills had no offers so the independents (me included) used to offer ‘double result payout’ to try and prise the punters away from the big boy’s clutches. The punters loved …
Poor Old Bookmakers!
As stated previously ARC’s income from data rights will start to be reduced dramatically with the closure of betting shops so like any business they have to cut their cloth accordingly.