Scripophilist
- 27 Oct 2004 23:40

How would you like to trade a market where you get large regular price swings every 10 minutes in the afternoon, seven days a week. A
market where all prices are set purely by supply and demand, few transaction costs, no middle men and you only pay commission if you win? Where you can freely act as a market maker and where you have direct market access and where you can create a spread for others to take?
Betfair has revolutionised the betting market and created an open platform for exchanging risk on sports events. This market is now viewed much more like a traditional financial risk market than an old fashioned betting market. Smart users have realised that there are huge opportunities on Betfair because they can buy and sell risk in much the same way they would in a normal financial market but without the burden of cost or the restricted access that is usually associated with traditional financial markets.
Click here to learn more
Fundamentalist
- 06 Mar 2006 20:07
- 9212 of 10502
completely forgot about it bak - just taking a look now
Fundamentalist
- 06 Mar 2006 20:09
- 9213 of 10502
Cant have united at 1.7 away from home, price obviously very low after the CC final - will take a watching brief for now though tempted to lay them
bakko
- 06 Mar 2006 20:12
- 9214 of 10502
After the demolition job in the final I think Wigan will start off all guns blazing.
I'll give in another 10mins before I decide what to do.
Scripophilist
- 06 Mar 2006 20:16
- 9215 of 10502
I would have thought a few quid on ManU wouldn't be a terrible gamble. Wigan's spirit seems to have gone. May want revenge tonight I guess. Not clear cut for sure.
Scripophilist
- 06 Mar 2006 20:16
- 9216 of 10502
Only in racing.........!
Controversy at Lingfield
by Bruce Jackson
JUDGE Jane Stickels, whose previous errors have earned her the nickname 'Calamity Jane', sparked uproar among the bookmaking fraternity on Monday, when calling the wrong winner of the 4.30pm at Lingfield and failing to spot her mistake until after the official 'weigh-in'.
The error, estimated by Coral to have cost the industry 2million, and by on-course layer Barry Dennis to have cost 7millon, meant most bookmakers paid out on both the official winner, 9-4 favourite Welsh Dragon, and actual winner Miss Dagger, a 14-1 shot ridden by 7lb claimer Kylie Manser.
While the betting ring was in chaos over the blunder, there were few, if any, mutterings of discontent among punters at the track as the judge's mistake proved a windfall for many of them who had backed the gambled-on favourite Welsh Dragon, who was erroneously announced the winner after a head-bobbing finish to the first division of the seven-furlong handicap.
Stickels, despite a previous catalogue of errors including a suspension from dutiesin 1999, has been back on the judges' roster for a few years, and has even recently been involved in training new judges.
Officially, all bets on Monday - and until such time as an official Jockey Club enquiry corrects the mistake - were settled on the"wrong result", although many bookmakers were quick to contact the Racing Post to announce a double payout, although for pool betting purposes Totesport had no option but to stick with the official winner.
In what amounted to a farcical situation, connections of Welsh Dragon received winning mementoes as the weighed-in announcement was made, but within seconds Stickels announced over the public address system the correction in Miss Dagger's favour.
The stewards immediately announced an inquiry and subsequently ordered a confidential report to be forwarded to the Jockey Club at Shaftesbury Avenue after interviewing Stickels and viewing the photo finish print.
The stewards' inquiry announced the corrected result under Rule 26 but confirmed that as the correction was not made before the official weighed-in, all bets stood on the original result.
Division one of the littlewoodspools.co.uk Handicap will be amended in due course to reflect the actual result.
Stipendiary steward Richard Westropp said:"Basically what has happened is the judge quickly called a result and that was the incorrect call, which was noted after the weighed-in notice was given. Under Rule 26, we corrected the judge's original call."
Andrew Balding, the trainer of Welsh Dragon, was phlegmatic about the incident and naturally delighted that the gamble on his favourite had been officially landed.
He said: "I thought at first we might have won but there was a flared nostril in it. It looked pretty close to me, and I was very disappointed when the result was amended. The weighed-in signal had been made after the result was announced in our favour, so I can't see how it can be changed. He is a horse who will win again."
In contrast, Miss Dagger's camp was far from happy in receiving the prize-money but not the betting booty.
Trainer John Best said: "My owners are up in arms because they backed her. One had 100 each-way, so the judge's mistake has cost him 2,000. I was surprised the result was announced before the horses got off the track as I thought it was close and Jamie Spencer on Welsh Dragon thought he was beaten, so we were concerned whether the result was right."
Some disgruntled backers of Miss Dagger who gathered around the weighing room were talking about taking legal advice against the Jockey Club and its official over the incident, a situation that does have a precedent of sorts.
On October 2004 at Pontefract, Harrycat was incorrectly called by the judge as third when it was in fact fifth. Betfair settled on what the judge should have called - Meneef as third - before the weigh-in was announced, but a punter who had backed Harrycat questioned Betfair's common sense approach, took the matter to the Independent Betting Arbitration Service, and won.
Jockey Club spokesman Paul Struthers said: "A report will be sent in from the stewards and there will be an internal procedure that we will follow to see if any action will be taken.
"There will be an internal review, much in the same way anyone who works for any company with internal procedures. It would be totally inappropriate to comment on what they might be."
Fundamentalist
- 06 Mar 2006 20:17
- 9217 of 10502
Wigan certainly up for it and created a couple of half chances already but would expect Utd to win, just cant see any value, if Utd price gets nearer to evens i may be more tempted
Fundamentalist
- 06 Mar 2006 20:20
- 9218 of 10502
Scrip
Barry Dennis was interviewed on ATR but they had to get him off camera as he was in danger of libel.
Before that he admitted to it costing him 10K and the industry as much as 7m, due to the amount of money that was on the fav. One thing is for sure, the bookies who have paid out on both results would not have been as forthcoming if the fav was the winner but not given the official verdict!!!
Scripophilist
- 06 Mar 2006 20:25
- 9219 of 10502
There was a race the other day as well, where a horse was clearly not going to run but was declared a runner. I find the horse racing industry so unprofessional, how they hope to attract a whole range of new customers is beyond me. They really need to sharpen their act IMO. I always find it fastinating that with horses you can openly declare to have inside information and get away with it. Remarkable!
Scripophilist
- 06 Mar 2006 20:38
- 9220 of 10502
Steve, I thought Arsenal were devastating on Saturday. Fulham were lucky to not get completely and utterly thumped to a pulp. 4-0 to Arsenal was an understatement of their dominance. It made me nip off and check their odds for the champions league.
Fundamentalist
- 06 Mar 2006 20:40
- 9221 of 10502
i dont think you were alone scrip, though im still worried about wednesday. has to be said europe suits us more at the mo as we dont tend to get pressurised as much though its good to see us getting the ball down and playing decent football again
Fundamentalist
- 06 Mar 2006 21:03
- 9222 of 10502
United at 2.16, having got a rocket from Fergie at half time - starting to look more attractive to me
bakko
- 06 Mar 2006 21:05
- 9223 of 10502
Wigan has had a hatful of chances and Man U lucky to be 0-0
Fundamentalist
- 06 Mar 2006 21:07
- 9224 of 10502
i know bak, just cant see it continuing, gonna watch the first few mins before getting involved
Fundamentalist
- 06 Mar 2006 21:08
- 9225 of 10502
Saw this comment on the forum, its people like this that make it so much easier to pay the bills lol
Good_Game 06 Mar 20:47
Always bet everything on your selections. Only homosexuals and women use staking plans.
Scripophilist
- 06 Mar 2006 21:12
- 9226 of 10502
LOL!
Scripophilist
- 06 Mar 2006 21:18
- 9227 of 10502
Just greened up, who scored?
bakko
- 06 Mar 2006 21:18
- 9228 of 10502
Wigan 1-0
Fundamentalist
- 06 Mar 2006 21:19
- 9229 of 10502
wigan 1-0 up - good job i kept my money in my pocket
Scripophilist
- 06 Mar 2006 21:19
- 9230 of 10502
LOL, Perfect timing. Just spending this evening testing some new code. But couldn't have timed it better!
Scripophilist
- 06 Mar 2006 21:19
- 9231 of 10502
Market suspended for ages!