70 years of bans handed out in betting network "corruption"

[Southieboy]

Three footballers and jockey Andrew Heffernan are among nine that have been given lengthy bans from racing after a BHA corruption inquiry.

Ipswich's Michael Chopra and Doncaster winger James Coppinger were given 10-year bans for breaching racing's rules. Heffernan is suspended for 30 years, which will be served in a concurrent 15 year time-frame, while ex-Manchester United player Mark Wilson was given a three-year penalty.

The nine races at the centre of the investigation, in which Heffernan's beaten mounts were laid to lose on betting exchanges, took place between 1 November 2010 and 31 March 2011. In some cases, thousands of pounds were staked. While Wilson made more than £14,000 profit from four bets, he also lost £12,122 in one wager when a horse he backed to be unplaced actually finished second.

http://www.thoroughbredchampions.com/sh ... post435325

[Hollywoodmike]

Do you really think exchange wagering is a good idea here in California????

[Reallyquiet]

Its kinda like when wall street can bet against the garbage securities they sell you. Exchange wagering is at the top of the crowded "sucker wagers" list.

[Andyc]

Do you really think exchange wagering is a good idea here in California????

You are incredibly naive. Bets are made daily through the tote based on info about horses NOT winning or running a good race. It is much easier to make a score using the tote system than one using exchange wagering. The great thing about exchange wagering is the transparency. All bets are linked to a person. There must be a conspiracy in order to beat exchange wagering and you must be able to hide the conspiracy. With the tote a trainer can use information to bet for himself anonymously. When is the last time you have heard of a betting coup being discovered on tote betting that didn't involve technological manipulation?

So yes, exchange wagering is a good thing and I would love it in California. Lower take, fixed odds, and the ability to have transparent bets.

[Andyc]

Its kinda like when wall street can bet against the garbage securities they sell you. Exchange wagering is at the top of the crowded "sucker wagers" list.

The only suckers are the ones who believe that the same shenanigans aren't being pulled on bettors through the tote. Any logical analysis of what it would take to use exchange wagering as a platform to cheat the bettors would lead anyone to believe that it would be hard to do and go undetected.

Let's say for example that a trainer has a favorite going in a race and he doesn't believe the horse can even hit the board. So what does he do? Lay a big bet on the exchange. Well he couldn't do that because it is illegal. So the next option is to find a good friend to do that. Not a great idea. It wouldn't take Sherlock Holmes to trace that kind of action. So you then have to turn to strangers to place your bet or pay you for the information. But even using strangers isn't enough, the strangers should have a history of laying large bets so as not to raise questions from those auditing the pools. And the winnings of the strangers overall better not be too good as to raise suspicions either. And lastly be prepared to put up large cash amounts to win small cash amounts when laying bets on an exchange. To make $10,000 on a 2-1 horse you will need to put up $20,000.

[Reallyquiet]

]


The only suckers are the ones who believe that the same shenanigans aren't being pulled on bettors through the tote. Any logical analysis of what it would take to use exchange wagering as a platform to cheat the bettors would lead anyone to believe that it would be hard to do and go undetected.

Let's say for example that a trainer has a favorite going in a race and he doesn't believe the horse can even hit the board. So what does he do? Lay a big bet on the exchange. Well he couldn't do that because it is illegal. So the next option is to find a good friend to do that. Not a great idea. It wouldn't take Sherlock Holmes to trace that kind of action. So you then have to turn to strangers to place your bet or pay you for the information. But even using strangers isn't enough, the strangers should have a history of laying large bets so as not to raise questions from those auditing the pools. And the winnings of the strangers overall better not be too good as to raise suspicions either. And lastly be prepared to put up large cash amounts to win small cash amounts when laying bets on an exchange. To make $10,000 on a 2-1 horse you will need to put up $20,000.[/quote]
I would like to live in fantasy land where you reside.Trainers would have a MULTITUDE of ways to cash in on exchange wagering;they aint stupid.I own several cheap claimers.Trainers have given me good info on some of their favorites that wernt going to hit the board.I ,in turn,bet against.Now I have more money to buy more horses for said trainer to train,and have a "better" relationship with this trainer, etc,etc,etc.. Many ways to skin a cat

[Vince P]

.I own several cheap claimers.Trainers have given me good info on some of their favorites that wernt going to hit the board.I ,in turn,bet against.Now I have more money to buy more horses for said trainer to train,and have a "better" relationship with this trainer, etc,etc,etc.. Many ways to skin a cat

Good luck trying to get away with any significant Exchange Wagering "bet againsts" while being an owner using a legal Exchange Wagering account.

Reminds me of people who complain there should not be college basketball wagering because all the games would be fixed.

Absolute nonsense. If it wasn't for Vegas monitoring these games, then there WOULD be corruption. Same with Exchange Wagering.

Vince P

[Andyc]

I would like to live in fantasy land where you reside.Trainers would have a MULTITUDE of ways to cash in on exchange wagering;they aint stupid.I own several cheap claimers.Trainers have given me good info on some of their favorites that wernt going to hit the board.I ,in turn,bet against.Now I have more money to buy more horses for said trainer to train,and have a "better" relationship with this trainer, etc,etc,etc.. Many ways to skin a cat

So you get this good info from a trainer and lay $20,000 to win $10,000. How many times do you think that a trainer can give you such information and not look obvious? Especially when you claim that you would then go spend money to buy horses for the trainer who gave you the info. Gosh, that's a hard audit trail to follow.

Don't forget that the exchange wagers would also comprise taxable income for the bettors. 99% of the bets going through the tote are virtually untraceable.

[Betnags]

Do you really think exchange wagering is a good idea here in California????

Yes I do

[Vince P]

Do you really think exchange wagering is a good idea here in California????

It can only help.

I don't agree one iota with all the Fixaphobia nonsense.

Vince P