Skip to main content

the dangers of bookmakers owning tracks

There's a piece in Monday's Racing Post about how a stalwart of the greyhound industry had given up betting on the sport because of the actions of the selfish owners. Bookmakers, notably Ladbrokes (and I assume Corals as well), who own varios greyhound tracks in the UK have stopped webcasting from certain tracks and blocked the tracks from selling race replay DVDs to punters. So the only way you can see a race is if you go to the track or you're a mug in the betting shop. Bookies cut out anyone with an ambition of winning a bet by doing some homework, protect their margins and the industry goes down the tube with backward evolution.

In contrast, the Irish Greyhound Board (note, a united front for the industry nationwide) has announced that every race replay will be available on its website the day after the meeting, for free (initially). Little wonder in Ireland the industry is reasonably healthy and in the UK it is dying off.

The same could be said for privately-owned racetracks in the US where companies have no other intention than making a buck out of them now. The punter loses out, the industry loses out and the sport goes backward, while slot machines from wall-to-wall keep the company afloat. Obvious solution but you can never wind the clock back and have the industry or government retain all the tracks as Crown land..

Comments

  1. Dear friend
    it is quite disturbing to see Ladbrokes and other book making firms doing wrong by refusing to give the videos. I can understand in growing countries the govt is not pro horse or greyhound , but in a country like U.K this happens.strange
    but true
    thanks buddy for bringing this out
    cheers
    easwaran
    India

    ReplyDelete

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

The Melbourne Cup preview 2019

We're back again for the greatest race on turf, the world's richest staying race and the only race in the world which creates a public holiday for millions of locals.




Once again a fine international field has been assembled and it's worth a deep look at the race. So get a cuppa and find a comfortable seat to plough your way through my preview!

--------------------------------

The Lexus Melbourne Cup
Group 1, Handicap, 3200m
AUD 7,750,000
Flemington 1500 local, 0400 GMT
Broadcasters - Network 10 (AUS), Racing.com (worldwide), SkySportsRacing (UK)


1. Cross Counter
Trainer - Charlie Appleby (one previous Cup win)
Jockey - William Buick
Breeding - Teofilo - Waitress
Drawn 5, Weight 57.5kg

Last year's impressive winner who doesn't get the 3yo weight advantage this time. Won first up at Meydan in March but has run fourth, third, fourth in the big set weights staying races in England and Ireland, never quite making it as the next big staying star. While running close behind Stradivar…

hope for investors in the Centaur scandal?

In a breaking story, it has been reported that directors of the failed sports investment fund Centaur have had their assets frozen in order to repay investors. It is believed that managing director Keith Sobey skipped town trying to avoid prosecution however he either naively thought Ireland was a safe enough place to hide or had a lingering feeling of guilt and sat waiting for that knock on the door.

Sobey, the name behind Centaur (read the original story here), is believed to own four houses, worth more in total than the missing £1.6m. His willingness to sell them to repay investors is likely to keep the matter out of the courts, and at least one other director, Andrew Cork, will apparently follow suit.

All this adds weight to anecdotal evidence that the collapse of the fund came down to mismanagement rather than fraudulent deeds. As costs grew (why would you set up a training academy in central London?), margins evaporated and keeping the business afloat went through money like a…