Skip to main content

industry news round-up Nov 4

Change this week at Ladbrokes with a major internal reshuffle (a cynic might say of the deckchairs on the Titanic). Relatively new chief exec Richard Glynn has brought in several fresh faces and moved a few old names on. Definitely out with the old, in with the new.

Asian bookie 12Bet who have major sponsorships with Sevilla in La Liga and snooker tournaments, will be acquired by Asian online casino and poker firm, AsianLogic, in a move thought to complement their existing range of products.

Betfair's share price has taken a predictable tumble, dropping from the peak of around £15.50 during conditional trading to the current £13.95 as smaller shareholders wish to cash in their chips. No reason to think the price will fall much further, it was always going to surge briefly as the public got excited about it.

Tabcorp held a record $107m on Tuesday's Melbourne Cup, buoyed by the form of superstar stallion So You Think, who started as the shortest favourite in decades. He will now be half-sold to Coolmore Stud and race in Europe next season. Look out!

Controversial jockey Danny Nikolic seems to be on the end of a witch hunt from RVL chief steward Terry Bailey. While Nikolic has had his problems in the past, most recently the subject of a long inquiry into some of his mounts being heavily laid on Betfair and running unplaced, Bailey is doing his reputation no good by this campaign of harassment which shows he cannot act without bias.

Comments

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

Preview de la Prix de l'Arc de Triomphe 2020

The European flat racing season comes to its natural conclusion in this messed up hell of a year. The queen of the turf, Enable, goes for an historic third win but it has been wet and cold all week in Paris, making it a tough old slog in deep ground. There won't be much of a crowd there to 'bring the house down' if she wins, in front of no more than 1000 paying spectators, but the racing world will be tuning in across the globe. =============================================== Prix de L'Arc de Triomphe   ParisLongchamp, 1605 local, 1505 BST, 0005 Monday Sydney time.  2400m, Group 1 Weight-for-Age, (no geldings)  Approx €3m.  Expected Going - Heavy.  1.Persian King - 4yo, Kingman/Pretty Please - Andre Fabre - Pierre Charles Boudot   Star French colt stepping up to a mile and a half for the first time. Won the French 2000 Guineas (Poulains) on heavy ground but ran fourth (only time in his career finishing worse than second) in the Jacques Le Marois, almost nine lengt

It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur

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...