The piece on Harry Findley in the Racing Post this morning made intresting reading.
Could he be the 'Mad Bomber'!
Farcical!!! - Manipulation of Betfair odds
-
JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
Harry is the subject of an investigation but I listened to him on ATR this morning and it sounds like the usual nonsense from the BHA. Let's face it anything or anybody associated with the BHA are past masters at shooting themselves in the foot.
According to Harry he made a couple of lays on his horses and he fully accepts he is in breach of the rules. However, he backed a horse for £100K and laid back £20K because they knew it would front run so they were getting more value. This was performed on his account by his betting partner. He fully admits the error and it seems crazy because he had a £80K back position. He apparently made a small lay on Denman for the 2009 Gold Cup but it was only £118 (can't remember the exact amount) but once again he had a massive back position and says it was simply a mistake because he clicked the lay instead of the back. I've done that many a time so I can understand that.
Now here is where the farce comes in. If I owned a horse, I am not allowed to lay it on Betfair, period! However, I can back the rest of the field and that would not breach the rules. So if my horse is 2.00 on Betfair I just back the rest of the card which is say a 51% book and I'm in the money and betting in accordance with the rules. I am laying in all but name so how can that make sense? I am only going on my understanding of the rules and also echoing what Boycie said on At the Adverts. If you do own a horse then please check the rules with the BHA...they may move the goalposts!!
According to Harry he made a couple of lays on his horses and he fully accepts he is in breach of the rules. However, he backed a horse for £100K and laid back £20K because they knew it would front run so they were getting more value. This was performed on his account by his betting partner. He fully admits the error and it seems crazy because he had a £80K back position. He apparently made a small lay on Denman for the 2009 Gold Cup but it was only £118 (can't remember the exact amount) but once again he had a massive back position and says it was simply a mistake because he clicked the lay instead of the back. I've done that many a time so I can understand that.
Now here is where the farce comes in. If I owned a horse, I am not allowed to lay it on Betfair, period! However, I can back the rest of the field and that would not breach the rules. So if my horse is 2.00 on Betfair I just back the rest of the card which is say a 51% book and I'm in the money and betting in accordance with the rules. I am laying in all but name so how can that make sense? I am only going on my understanding of the rules and also echoing what Boycie said on At the Adverts. If you do own a horse then please check the rules with the BHA...they may move the goalposts!!
-
billyford1
- Posts: 39
- Joined: Tue Nov 10, 2009 6:31 pm
It was'nt the fact that the bha were holding an inquiry into this that caught my attention,havig been in front of them myself i dont need convincing of their incompetence, but the fact that Findley said that he only places bets on betfair as most professional gamblers that deal with the sort of sums he does tend not to due to difficulties in getting matched,i mean quite how he manged to get 100k matched 5 minutes before the off of a novice chase at chepstow is beyond me.This proberbly explains why he employs a full time man to manage his positions for him.Could he be malipulating markets to in order to get orders filled?
-
andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
They are out in force tonight on every market so far 
Edit: you beat me to it Peter
It is far from the best trading day though I guess we best get used to the 2 race meeting sessions on Monday's and Tuesdays as they are here for the next few months
Edit: you beat me to it Peter
It is far from the best trading day though I guess we best get used to the 2 race meeting sessions on Monday's and Tuesdays as they are here for the next few months
