Bookmakers and general Money Laundering on the Dark Web

You mean itā€™s at the price you take, regardless of what the SP is?

I remember Kevin Blake saying a while back that they should just remove BOG as an incentive as it just rewards mug punters who donā€™t understand value. And that taking a price and getting a bigger SP return shouldnā€™t be rewarded as youā€™ve effectively shown you donā€™t understand pricing models. Thereā€™s some merit in his thinking.

Thatā€™s grand except 95% of punters are mugs and itā€™s the mugs who are getting mugged off here. Iā€™d rarely have a bet on a horse the night before anyway. Bar maybe Cheltenham if I was going to be busy the following day.
Bookies like Paddy Power are starting to feel the pinch now. The easy growth is gone and it looks like regulation will continue to get tougher so they need to start squeezing the customers they have.
Paddy also have market share now so they donā€™t have to be the most attractive on anything. The price sensitive customers they might lose are probably the ones they donā€™t want anyway. But itā€™s a slippy slope

No. The remainder is put on at SP.

Thatā€™s different from BOG though. If youā€™ve a grand on youā€™re saying the first 500 is at the price with BOG attached and the 2nd 500 at SP? If BOG was removed then youā€™d have the same price on both stakes but the 2nd 500 couldnā€™t be paid out higher if it returned higher.

Yeah, If it drifts happy days and youā€™ll get the bigger price on both parts of the bet. 500 at the price you take and 500 on the SP. A single 500 euro shop bet can move the price on a bet. Iā€™ve seen calls going to the trader to ring in a bet and the bet would be accepted @ 4/5 but cut from 4/5 to 8/11 straight away after the bet was placed.

In a joke shop operation like Boylesports yeah. Most proper bookies wouldnā€™t move price on a ā‚¬500 bet on a 4/5 shot. Unless it was from a special case.

I agree with @Mac Iā€™d love to see the bookies just do away with BOG in entirety if it meant being less restrictive/reactive as a whole to possible ā€œsharpā€ accounts. I suppose when you have these BOG concessions it follows that they feel obliged to weed out the top 5% who they feel they canā€™t beat. That figure feels like it might be higher though in terms of restrictions whereas in reality are 5% making a profit on betting year to year? I doubt it. I suspect more like 1-2% are. It is frustrating that you have to use kid gloves with accounts if you want to hold on to them as long as possible and really bet below what you want and behave yourself to give yourself best chance of surviving for as long as possible.

Not sure it makes much odds though if the bookies are releasing prices overnight versus at 9-10am in morning, as you regularly see stuff shorten up overnight (presumably for a good reason) but then itā€™s suddenly pushed back out everywhere by about 11am next day. And anyway even if bookies are releasing at 9-10am thereā€™s going to be that 2hr period where odds are unstable and they are going to trade it cautious until things inevitably firm up which is usually around midday onwards. At least if you have your eye on a horse thatā€™s 16/1 but some bookie moves it in to 8/1 overnight, thereā€™s a chance itā€™s back out to 14/1 by midday, I see that regularly, probably as they move it more in sync with market value. Whereas if that cut 16/1 to 10/1 happens at 9am youā€™re not going to see it pushed back out to 14/1 by midday. This probably happens because youā€™ll also have two different traders managing it overnight versus the day fella. So the day fella might have no knowledge that he should keep this at 8/1. Whereas if itā€™s him making the change at 9am you can be sure heā€™ll keep it short. Just my two cents worth on that.

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Gambling should be banned or at the very least heavily restricted. The ā€œblokey/matesā€ ads they are allowed run are particularly reprehensible.

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I suspect we will see cartel like activity with bookmakers in the short to medium term. A few have gone to the wall recently or been bought out/merged. Competition will decrease which will be bad for customers. It doesnā€™t help when governments start meddling in the industry either.

The exchange for all its good probably has finished book making in the long term.

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I made an awful blunder there in Powers that thankfully ended ok. I intended to back Chacun Pour Soi in the 6:40 @ 3/1 but I had a bit of a brain fart and wrote down 5:30 Punchestown #1 on the docket @ 3/1.

Thankfully as I got on before the off for the 6:40 and #1 for the 5:30 tomorrow is 6/4 they acknowledged it as an error on my part and paid out. :wave:

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I write down numbers for dogs but would always write the horses name out on a docket. Different stokes for different folks

Same as this myself

Good to know

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4 mins it took you, 3 mins later than usual

He got the like anyway

Why so snarly mate?

You are in interested in the way @Mac fills out a betting slip

Iā€™ve read plenty worse

Iā€™m in Powers here doing the lotto for the work and thereā€™s some old wan here kicking up a big fuss over her bet on the virtual. She had 2 euro at 12/1 on some virtual yoke which won and when she went to collect she was told she was 2 seconds too late. Her bet was voided and she got her two euro back.

Sheā€™s on the phone ringing head office now and she says sheā€™s going public on the radio with it.

Obviously if it didnā€™t win and she missed the off she wouldnā€™t have known and never would have got her money backā€¦