Skip to main content

'Betfair king' turns out to be just another conman

Well, blow me down with a feather. The bloke who boasted to the News of the World a few years back that he was making millions out of Betfair was actually just a conman stealing money from 'investors' and blowing it on his own ego and an extravagant lifestyle.

The call went out quickly back in June 2009 when it first came out that it was utter tripe, but unfortunately there are always gullible people who will believe any old story told to them about get rich quick schemes, and they've done their money. The crook, Elliott Short, is currently on trial for 13 counts of fraud.

I was hoping for a slightly more reputable publication to post the story but instead I'll have to use the Daily Mail...

Gambler, 26, who called himself the 'Betfair King' conned friends out of £600,000 with betting scam to pay for designer clothes

A gambler who allegedly conned family friends out of £620,000 through a bogus betting scheme spent thousands of pounds shopping for designer clothes at Harrods and Ralph Lauren.

Elliott Short, 26, who lived in Chelsea, central London, was said to have claimed he was able to place successful bets on races and make large sums of money using a layered betting scheme.

But the horse racing expert lost more than £1million of his own money and cash given by investors through unsuccessful gambling and lavish lifestyle, Southwark Crown Court heard.

Christopher Antoniou allegedly invested £200,000 in Short’s betting system, hoping for huge profits - but he never saw the cash again and began to become suspicious after reading an article about the scheme in a newspaper.


I do love the concluding paragraphs in the original myth-busting article in the Guardian, it's very apt.

The most charitable explanation of how this baloney came to end up in a national newspaper is that the journalist in question was having his chain yanked. As the late Rocky Ryan proved so frequently, there are no end of "stories" that fall into the category of too good to check. A tale of £20m won for very little effort will not be the last of those.

But it is a reminder, too, of the complete ignorance that persists in much of the mainstream media when it comes to the business of betting. Something that many followers of racing take for granted, often on a daily basis, is still regarded with a mixture of awe, puzzlement and deep suspicion in the "outside" world.


Comments

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…