Bookmakers and general Money Laundering on the Dark Web

:rolleyes:

Betfair will allow you to set up an account with a credit card but if you do not verify your account with a form of photo ID they will not let you withdraw any funds.

This is to help prevent money laundering and credit card fraud

Well thereā€™s your answer right there.
Dunph did a considerable amount of money laying Kilkenny in the 08 AI final, so he never had the need to withdraw

Only 9 Bookmakers in Cork today :huh:

For anyone thinking of placing an antepost bet on any of the English soccer leagues for the coming season, it is worth noting that William Hill have today gone best industry price about each team in the outright marketsā€¦

I might well place a speculative lucky 15 on the winners of the four divisions to keep me interested for the season.

Championship - Burnley 33/1
League One - Brentford 16/1
League Two - Gillingham 18/1
Blue Square - Stockport 14/1

Anyone else get an email from Boyles this morning effectively saying theyā€™re shutting down phone betting and it has to be done online now?

I thought that was fairly well flagged? Or was it another operator.
In fairness itā€™s a very outdated and expensive way to do business.

Ah yeah Iā€™d agree with that. Havenā€™t placed a bet over the phone since Celtic shut theirs down. Will it mean a lot of layoffs though? Canā€™t see that many people being redeployed elsewhere in the company.

I wonder what the volume of calls was like?
Probably only 3 or 4 operators required?

Think Yates would have had 4 or 5 and youā€™d imagine Boyles would have much more calls. But that would be a small percentage of overall revenue youā€™d assume

Surely they could have programmed a computer to answer the call, take the bet, then offer the customer a 1/4 of the stake at 1/2 the odds?

There was probably issues getting computerized voices in a Louth accent

:popcorn:

This message could probably be in the greyhound thread or the another casualty of the recession thread butā€¦

ā€¦there were only three bookmakers at the X tonight. :wacko:

There was only one standing one night earlier in the year apparently, Seamus Farrellā€¦

Any bookies with good start up offers for opening new accounts do ye know, folks?

Stan James are offering Ā£125 in free bets I think,
Ladbrokes are 50
Powers are 50
Bet365 is ā‚¬200

But you probably have accounts with all of those already.

When are you setting up your own bookies? Iā€™d like to set up an account with you.

The Runt and manaboutdog corporation.

Online betting growth reaps ā‚¬56m profit for Paddy Power

By Independent.ie reporters
Tuesday August 30 2011

Paddy Power bookmakers today reported profits of ā‚¬56.8m for the first six months of 2011 ā€“ up 15% on the same period last year.
Over 80% of the bookmakerā€™s profits come from online betting while 73% of profits some from outside Ireland.
Profits from the online business rose by 25% to ā‚¬45.3m and the bookmaker now has over 1 million online accounts.
Turnover on mobile phones saw a 300% increase while the Australian business also performed well with a 25% increase in profits to ā‚¬9.8m.
Profits in its 151 UK betting shops rose by almost 60% to ā‚¬4.7m and the group said it plans to open 35 to 40 shops a year there.
However, operating profits in Paddy Powerā€™s Irish shops fell 44% to just over ā‚¬5m. Sports results, especially Cheltenham 2011, and an 8% drop in the average stake to just over ā‚¬17 accounted for the drop. Chief executive Patrick Kennedy said the Irish market remained tough, although the second half of 2011 has started well.
The group is raising its interim dividend by 20% to 30 cent per share.

  • Independent.ie reporters

I see in the classified section of the Sporting Press that someone is advertising a pitch at Clonmel for the three days of the festival. I wonder what that would set you backā€¦

:ph34r:

AUTOBIOGRAPHY OF LEGENDARY PUNTER USED TO BLOCK Ā£852,000 BETTING CLAIM

by Dominique Searle

An autobiography written by one of horseracingā€™s most colourful characters, the charitable but cunning pensioner Barney Curley, is being used in evidence against him by Phill Brear, Gibraltarā€™s Gambling Commissioner, a former Deputy Chief Constable of West Yorkshire Police.

Five people who placed bets on winning horses are distancing themselves from Mr Curley and asking the Gibraltar Supreme Court to release Ā£852,000 in winnings that the Rockā€™s gaming authority has blocked.

The case may well become central to determining Gibraltarā€™s standing as an independent authority. The dispute comes at a time when there are British Government plans to require offshore operators to be licensed with the UK Gambling Commission for bets that are placed from UK.

BOOKIES

Quoting extensively from ā€˜Barney Curley ā€“giving a little backā€™ Mr Brear and Petfre (Gibraltar), the company that runs the Betfred operation, are contesting a judicial review application made by the five punters. They deny being fronts for Mr Curley or part of the ā€˜coupā€™ which he has openly boasted about in the British national and racing press.

Damian Hall, Rupert Collier, James Tetherton, Emmett Monaghan and Luke McBride accuse the Gibraltar commissioner of acting without authority and point to the fact that other gaming regulators, including the UK Gambling Commission, of which Mr Brear was once operations chief, have allowed payouts on these same punts.

Bookies are highly allergic to Mr Curley and often will not take a bet if they know he is behind it. The Gibraltar Gambling Commissionerā€™s reason for halting payout is akin to accusing Mr Curley of being involved in a gaming equivalent of insider trading.

COURT PAPERS

Court documents obtained by the Chronicle go further. Mr Brear accuses the claimants not only of failing to make a full disclosure of all material facts, but of having ā€œfalsely averred that their accounts are not proxy accounts for Mr Curley.ā€

Non disclosure, he says, is a sufficient reason for refusing the payout or even the court action to proceed.

Mr Brear asserts that the claimants have filed witness statements stating that they are ā€œnot proxy accounts for Mr Curley, that they are not in the habit of and did not place bets for Mr Curley at any stage, and that they are unaware of the particular reason why this is now alleged against them.ā€

Mr Curley is not a claimant in the action now before the Gibraltar courts.

Significantly whilst Betfred describes Gibraltar as hosting ā€œthe worldā€™s leading online gambling operatorsā€ Mr Brear discloses correspondence with his United Kingdom counterparts which suggests that Gibraltar is applying more stringent regulation than Britain.

EMAILS

An email received August 23 2010 from Neill Ireland, Head of Intelligence at the Sport Betting Intelligence Unit (SBIU) at the Gambling Commission says that the SBIU ā€œhave a fairly full picture of the degree of co-ordination in betting around this ā€˜coupā€™ and Curley himself admits that he was at the centre of this co-ordination. He has been interviewed and apparently given the names of the persons he used to place the bets. Our enquiries have also identified these individuals.ā€

Then in another email dated September 22 2010 from the Director of Integrity Service, Paul Scotney, at the British Horseracing Authority, Mr Brear is told that ā€œBarney Curley has used inside information (which he will legitimately have as a race horse trainer) to place a series of bets directly (or indirectly through other parties) on horses to win. This in itself is not a breach of our Rules as he had not communicating (sic) inside information directly or indirectly to any other person for any material reward, gift, favour or benefit of any kind. The reality is that this type of behaviour happens on a daily basisā€¦.I have no doubt that had the betting organisations in Gibraltar (and for that matter in this country) known Barney Curley was behind this, they would not have taken his bets, which is what they have done in the past.ā€

INTERVIEWS

The Gibraltar Gambling Commissioner produces to the court a series of interviews in the UK press including The Guardian, The Independent and the Racing Post which recall Mr Curleyā€™s most famous triumph when Mr Curley staged a major coup in 1975 with Yellow Sam winning at a country track in Ireland.

Armed with the knowledge that there was only one telephone in the town by the race course he is said to have had a friend hog the line pretending to have a dying aunt speaking her last words. Off-course bookies were unable to cut Yellow Samā€™s starting price.

ā€˜NOT MONEYā€™

Betfred, who alerted the Gibraltar authority to their concerns, say that the dispute is not about money. ā€œThe company will always honour bona fide bet,ā€ it says adding that it became aware of ā€œirregular betting activityā€ on May 10 2010. It believes that 50 accounts were opened for the purpose of the coup. Betfred allege that the claimants are in fact friends and family of Mr Curley.

Betfredā€™s lawyers make the comparison with the insurance industry saying that ā€œif a person obtained insurance cover as insured from an insurer ā€˜frontingā€™ the policy for another person knowing the insurer would not have insured that individualā€¦ā€¦this would entitle to insurer to void the insurance contract.ā€

Mr Brear is represented by James Neish, QC, of TSN, Betfred are represented by Nigel Feetham of Hassans and the claimants are represented locally by Ray Pilley of Triay& Triay acting on instructions from Thomas T Montague solicitors.

http://www.chronicle.gi/headlines_details.php?id=22452