Skip to main content

Centaur Group goes into administration

Last year I wrote with concern about the company setting up what may have been the world's first sports trading investment fund. Those doubts seem to have borne fruit as this week the company have gone into voluntary administration.

Here's the Betfair forum thread which includes details of the letter to clients.

Sounds like a contradictory mix of what they were trying to achieve, combined with high overheads. Why operate in a London office? Why try to train Betfair punters - I can tell you from experience that is very costly with limited return. And they came from a tipping background. Bad, bad mix. You trade or you punt. Mixing a punting mentality with highly-disciplined trading is extremely risky. A select bunch of individuals can do it. People hired off the street to make money for a fund are not going to manage it. And if you get too successful at it on Betfair, you attract the super Premium Charge. My guess is that the Premium Charge was the least of their problems...

Always feel sorry for the staff in circumstances like this, but having worked for a couple of firms who have gone under over the years - there are always signs of trouble.

Comments

  1. Hi Scott, Like your point mate. Seen several of these prob trading firms go under recently, around 3 in past 2 years, some have cited the Betfair Premier Charge. Others IMO just do it as unprofessional operators.

    You going to ICE mate? Maybe see you there. We have a stand (as per norm) and I will be going to ICE ICE Baby party.

    My blog on the subject of Centaur is here:
    Centaur Gone Under

    Chris Denny.

    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…

Westow Stakes - York 16/5/19

The sun was out for a glorious opening day of the meeting, and races down the straight appeared to have no concerns about draw bias. Thursday's card has a few higher profile races but this 3yo sprint is worth watching closely, tomorrow and for future form.



British Stallion Studs EBF Westow Stakes
£50k, Listed & Class 1, 3yo, 5f
York 1605

Soldier's Call - flying machine, winning four of six starts in Britain last season, running third in the Prix L'Abbaye, beaten a neck at WFA then finished sixth as joint favourite in the BC Juvenile Turf Sprint. Has plenty on these on ratings, but life's rarely that simple with unexposed 3yos early in the season.

Broken Spear - more exposed than most of these and well beaten by Garrus first up. Missed Chester last week, probably due to the rain (or a poor draw). Pass.

Charming Kid - won at this meeting last season but has been a little erratic ever since. Well beaten on AW Championships Day, appears to be a few lengths off these.

Garrus -…