Sport is made for betting

A strange decision this one - either he's guilty of getting a horse pulled up and deserves a long ban, or he's not? The grey area in between seems a bit odd. Punter disqualified for a year High profile punter Stephen Fletcher has been disqualified by Queensland stewards for 12 months for having prior knowledge that "Bold Glance was not allowed to run on its merits” in a race at Eagle Farm in February. Stewards handed out the penalty on Friday after finding Fletcher guilty of a breach of racing rule AR135(c). Stewards said in evidence during the inquiry that Fletcher "is a close associate of Bold Glance's jockey Bobby El-Issa”, who was recently disqualified for two years over the same matter. "Fletcher's conduct has the capacity to deter those already involved in the sport from continuing their association, and may discourage individuals from becoming involved in, or wagering on the sport,” a release from Racing Queensland stewards said. Perha...

It's a shame there's no clear favourite for Eurovision this year, I might have been able to repeat this performance from a couple of years back. Stepping back to a slightly lower profile market and trying to lay the field can really pay off - the final position, shown here , comes from hard work laying every selection as many times as you can, bit by bit, for small amounts (at high market percentages), so that you eventually have a healthy green book and can keep on laying. Start early and get laying!

Shock horror in this one - a Betfair-funded study favours exchange betting and says it has caused no damage to the racing industries in the UK and Australia. Now I'm not going to get into the argument of whether it has or it hasn't, but you could bet as much as you like at a price shorter than 1.01 (with a much greater likelihood of occurrence than Blackstairmountain winning) that the outcome was already decided..... why would Betfair fund a research study if they didn't know what "Eugene Christiansen, the noted U.S. gambling-industry analyst" was going to surmise? Is there such thing as an independent study anymore? Call me a cynical bastard but every research study seems to conveniently agree with the people stumping up the cash.....

High-flying Sydney punter Steve Fletcher is facing a battle to retain control of his punting empire after being implicated in a Queensland racing betting scandal. $1m punter faces ban FEARLESS Sydney punter Steve Fletcher - the man who was Eddie Hayson's partner in the Great Greyhound Sting of 2005 - could have his gambling operation crippled if found guilty of any involvement in the Bold Glance scandal today. Fletcher, who bookmakers say punts more than $1 million a week across racing and sports, has been charged by Racing Queensland stewards for allegedly being a party to jockey Bobby El-Issa not giving Bold Glance every chance of winning after backing the horse to lose a race at Eagle Farm on February 26. El-Issa was slapped with a two-year disqualification but is currently appealing against the sentence for not showing his usual vigour over the final 200m when Bold Glance was challenged by eventual winner Essington.Fletcher could be warned off racecourses around the cou...

An extremely rare guest post on my blog, from a former bookmaking colleague who has been a pro punter now for several years, Vasu Shan. You can follow him on Twitter @vasman60 ----- “Value doesn’t pay the bills”. I’ve always hated that expression. What does it mean?? Surely, it’s simply the ramblings of an unsuccessful punter. Is that old chestnut about finding winners being preferable to finding value rearing its ugly head? Of course, none of us can predict the outcome of an event with any certainty, nothing is “nailed on”, it’s not possible to “buy money”. We’re not in the business of prediction, we’re in the business of probability. A successful punter backs both winners and losers, ensuring that the rewards from the winners outweigh the cost of the losers. Value is what it’s all about, isn’t it?? If you need a winner so badly in order to ensure your electricity doesn’t get cut off, you probably shouldn’t be betting at all. If you need a bit of luck on the punt to pay ...

Massive day for online poker with serious criminal charges being laid against the biggest online poker firms who target the American market.... Online poker companies indicted for fraud NEW YORK (CNNMoney) -- The founders of the three largest Internet poker companies have been indicted for bank fraud and money laundering, federal law enforcement officials said Friday. The United States Attorney in New York unsealed the indictment against eleven people, including the founders of PokerStars, Full Tilt Poker, and Absolute Poker. In addition to charges of bank fraud and money laundering, the companies are accused of illegal gambling offenses. . . . The companies allegedly arranged for the money from U.S. gamblers to be disguised as payments to hundreds of non-existent online merchants for the purchase of items such as jewelry and golf balls, according to the indictment. Those firms are in deep, it will be interesting to see what happens to those firms who refused to take U...

The pressure is on the AFL to start restricting betting advertising as public sentiment starts to swing against it. Aussie TV is awash with betting company adverts now, not only during ad breaks but throughout local sports broadcasts. Odds updates, paid advertorial, sponsored segments, ground signage, mini-ads running across the screen during the action, jumper/shorts sponsorship - it's in epidemic proportions. The AFL and cricket are the worst at it, but are not the only culprits. I love a punt, it's the industry which has been my chosen profession for almost all of my post-uni life, but enough's enough. When it gets so intrusive that some people can no longer watch a match live (big screens are just as bad) or on TV, then it is a problem. These are sports where it's traditional that fathers bring their kids along etc. When it starts getting to plague proportions and parents start wanting to remove their kids from that environment, it's time to act. Other 'vic...

Saturday morning - the tabloids can't get enough of the Grand National race. Free bets galore as they partner up with bookies and get every celebrity mug they can find to tip a horse in the big race. It's the world's greatest race they say, only magnifying Joe Public's ignorance of what the National really is - a 4.5 mile handicap race contested by a group of horses so narrow in their band of talent that the National is their best race to content. The public perception of the race is far greater than the actual quality of it. With a couple of exceptions, these are not horses who compete with the elite at Cheltenham, they are dyed-in-the-wool handicappers who will just keep on going and going. But ask Joe the once-a-year punter who is the better horse out of Long Run, Big Buck's and Ballabriggs; you'll only get one answer. Sunday morning - the race is over, everyone knows the result so no readers there. It's time for the tabloids to slaughter the National for...

For several years, there has been much debate about German law and the licensing of sports betting. It's a country divided up into provinces which often have conflicting laws. Most, if not all, of the 'legal' online betting licences in Germany stem from former East German regions which were somehow able to offer things which weren't allowed elsewhere in the unified country. Now with the EU pushing hard for all member states to allow/regulate online gambling, Germany decided it had better follow suit before it got dragged through the courts forever and a day. And this is what they come up with.... Germany’s non-ratified sports betting proposals 7 five-year licences to be issued 16.67% turnover tax Live betting but only on final result. No in-play Only land based casinos would be able to operate online casino Sports betting advertising only allowed on or in sports arenas and club shirts and not on television ----- France is the most recent big European nat...