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luapluap    45 posts
edited July 2015 West Australian Racing
Nightshade winner race 3 Belmont Wednesday 1/7.

Racecaller advised pre and post race on Sky that it had been backed from 40/1 to 16/1 which might seem a reasonable plunge.

I think there were two bookmakers on course and looking at the racebook later I saw that bookies are only required to hold a bet to the amount of $1500 payout or $1000 payout once the runners are on the track.

So it's possibly taken an investment of less than $100 to create this " plunge"?
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Comments

  • bookieloverbookielover    2,709 posts
    That would be right, luap. but what you need to know is was the Sky Caller Darren Mcaulley quoting the actual on track flucs or the Tab fixed odds, where one $50.00 bet could do that. Having watched the replays, D Mac only ever referred to TAB odds pre-race.

    Russel Collete was one of the on track bookies that day and I have bet with him and he has bet me the odds to win $3,000 whenever I have asked him. So if they were the official flucs, I reckon he would have bet more than the obligatory $1500 to lose, and it would have taken more than a $100. to shorten the horse. Not much more, but a bit more.
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  • thefalconthefalcon    20,485 posts
    i'm pretty sure the shortening would have emanated from the corporates.
    jeez, if you wanted to have a go on a roughie, especially mid-week you'd be an idiot not to go via the corporates.
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  • TheDivaTheDiva    13,248 posts
    it was australia wide i can tell you that. on course gets the smart money however because none of the corporates will bet the smart money. the rest would have been dumped on the tote. Granted, wouldnt have been huge money on course on a wednesday... how much do you expect each bookie to stand the thing for?
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  • paraleticparaletic    3,750 posts
    Stand to lose $5k. If you cant do that and make some of it back over the course of a day then its time to hand the licence in.
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  • paraleticparaletic    3,750 posts
    And that goes for midweek, country and saturdays. If its good for the punter to lose it its good for the punter to be paid it.

    Jack_The_Gamblaholic likes this post.

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  • GilgameshGilgamesh    5,009 posts
    paraletic said:

    And that goes for midweek, country and saturdays. If its good for the punter to lose it its good for the punter to be paid it.

    The problem is at a Belmont on a wednesday are you any chance (as a book) of making it back? My guess would be no. Interesting to know what the av hold is at the midweeks and sat?

    I miss the section in the paper that use to have the big bets placed in the sunday times.
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  • paraleticparaletic    3,750 posts
    Yeah it was good to see who landed the plunge and who got cooked. Miss that part of the sunday times.
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  • Ridersonthestorm33Ridersonthestorm33    10,942 posts
    Have a feeling 'The West Australian' also printed the big bets in its Monday edition many years ago before the Sunday Times printed them. Always good to read as well the 3 fluctuations they would print...6/1 8/1 7/1 etc . Opening middle and closing price always made interesting reading.
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  • DamienWyerDamienWyer    7,987 posts
    The only betting moves should be those published by Stewards following a race. What you hear on TV coverage is clearly bullshit.

    jum, thefalcon likes this post.

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  • thefalconthefalcon    20,485 posts
    I think the bookies complained hence no publication of the bets.
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  • youknowityouknowit    271 posts
    Thats incorrect Falcon. It was actually a large punter who said he would stop betting if the paper kept printing the bets as there were rumours and innuendo that it was him. Understandable that he wanted to remain anonymous.

    thefalcon likes this post.

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  • bookieloverbookielover    2,709 posts
    Apologies. I totally misread the original post and thought it was about a plonk at Pinjarra on Thursday where Russel was working.

    The stress of doing the form for Saturday, has clearly got to me. 8-}
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  • thefalconthefalcon    20,485 posts
    go snuggle up to the top bird, bl.......its after midnight in vic..... :-*

    bookielover likes this post.

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  • SLIPPERGOLDENSLIPPERGOLDEN    8,452 posts
    If you want to bet 5 10 or 20k on a horse what is your best option?
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  • bookieloverbookielover    2,709 posts
    If the extension to your question Slip is, "and you definitely want to get on, at this time of the year",then as much as it pains me to say this, Betfair is really your only option where you will have a chance of getting set at about the best average price you can get.

    It is impossible to get on here on Melbourne at any meeting other than through the main Spring meetings and Autumn.

    If you are known to the bookies, the second you try and have $1,000 on a say $4.40 chance with one of them, he'll either cut you in half, or even say I just laid it to the ghost in the members or public, depending on which side of the fence from which you are having the bet.

    Then you run to other bookies, but their runners have already alerted them and if you listen to the commentators who look at the fluctuations, you will hear that the horse has been the subject of a huge plunge firming from $4.40 into $3.20 and the bookies haven't taken a bet.

    This happened many times to a mate of mine who was the commission agent for a big Interstate punter. He no longer has a job, because he couldn't get on.

    I don't completely blame the bookies, after all, they are playing to an empty house at this time of the year.

    SLIPPERGOLDEN likes this post.

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  • SLIPPERGOLDENSLIPPERGOLDEN    8,452 posts
    Cheers BL
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  • goosegoose    1,638 posts
    Planning something Slip?

    Gilgamesh, hash likes this post.

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  • kittradkittrad    38 posts
    Well done here BL. image
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  • WyongiWyongi    152 posts
    I do not know whether this is the case in WA but in Victoria when only two bookies operated in the betting ring on interstate races they fleeced punters.
    When prices were received from an interstate meeting, sometimes with a market of 130%, the two bookies combined to make one book on each race.
    If horse no 1 was $3.00 interstate, the first bookie would put up $3.00 and the second would put up $2.50
    If horse no 2 was $4.00 the first bookie would put up $3.00 and the second would put up $4.00
    If horse no 3 was $5.00 the first bookie would put up $5.00 and the second would put up $4.00
    If horse no 4 was $6.00 the first bookie would put up $5.00 and the second would put up $6.00
    This was repeated for all runners , each alternating one with the correct odds and the other the unders
    Naive punters would look at both boards and seeing the correct odds were only available with one of the two bookies, would grab the correct odds in case that bookie shortened the odds. By operating this way one bookie would hopefully lay half the field and the other would lay the other half . After each race they would combine their holdings, deduct the payout of the bookie who laid the winner, and split the profit

    Money for jam, but it only worked when there were two bookies.

    loose_goose likes this post.

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  • therealkramertherealkramer    8,008 posts
    edited July 2015
    @bookielover $1000 @ $4.40 and they won't even take the bet? It's odds against(as opposed to odds-on)for a reason. I know it's only a hypothetical, but where are the brave bookies of yesteryear who would trash talk you in the sydney betting ring? Now I know I made the right decision to stop going to the track. =((
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  • thefalconthefalcon    20,485 posts
    where are the old calls of "board odds i'll lay.."
    its so sanitary these days..... :((
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