Today's Horse Racing

[Derek27]

In the excitement of backing a horse after the race is run, I could even have backed a horse with a similar name to the winner. You'd be amazed how many cats and bums appear in US horse names.

[Naffman]

Ingenuity really not happy in parade

[Dallas]

Not been one of my favourite Monday evenings

[spreadbetting]

I think it’s fine, Derek is still taking a risk and is assuming that he knows more than the other player as there there could be a stewards enquiry.

I think we both know Derek's intention is to bet on a race after the result is known not take some outside risk on a race he's just watched finish. All he's looking for is to take advantage of races where Betfair are too incompetent to manage the market properly as he's stated most of them get void but he gets lucky once in a while at some innocent punters expense, not Betfair's. All I'm pointing out is that if you want to set yourself up as some kind moral guardian maybe you need to start at home first before judging others.

In the excitement of backing a horse after the race is run, I could even have backed a horse with a similar name to the winner. You'd be amazed how many cats and bums appear in US horse names.

And no doubt if you did you'd request Betfair void it as the result was known when the bet was placed and you couldn't possibly win

[Derek27]

Of course I would, but so can the other guy, and he may well have done.

I don't want to set myself up as a moral guardian, I just give an opinion like everybody else.

I'm still interested to know what your morals are on the example I gave earlier regarding a lone horse left standing, being laid at 1.01, market in-play, layers cannot possibly win?

[eatyourgreens]

hi all, I am very sorry to hiack this topic with something irrelevant but .............. I want to ask you lovely, helpful people in the ba community a quick question, but I cant find any way of posting it....... I have clicked through pages and pages and cant find how to post a question if some one could please tell me how post , I would be very grateful, thanx in advance, and sorry again

[Dallas]

hi all, I am very sorry to hiack this topic with something irrelevant but .............. I want to ask you lovely, helpful people in the ba community a quick question, but I cant find any way of posting it....... I have clicked through pages and pages and cant find how to post a question if some one could please tell me how post , I would be very grateful, thanx in advance, and sorry again

Here you go
viewtopic.php?f=17&t=16838

[eatyourgreens]

thanx dallas

[spreadbetting]

I'd still interested to know what your morals are on the example I gave earlier regarding a lone horse left standing, being laid at 1.01, market in-play, layers cannot possibly win?

In that situation I'd prefer Betfair to suspend the market as the result is known at the point there's only one chase runner left standing. But I'm not a fan of people laying fallers or being able to back unobtainable score lines which Betfair could easily stop . There's a basic rule in gambling where if you can't win you can't lose but obviously that's not always upheld and also possibly unworkable for fallers in fast moving in running markets, doesn't make it right just because you're able to do it though, I wouldn't be lumping on.



Surely you can see my confusion in the mixed messages you send Derek? One minute it's bad to rip people off the next it's the aim of the game, as for false claims who knows but I'd guess someone buying the guy's crappy systems probably has more of a chance of winning than being on the end of one of your past post bets.

Selling systems isn't getting your hands on the mug money, it's ripping people off!

I'm afraid ripping people off is part of betting and actually the aim of the game - the greater the value in the bet, the more ripping off you're doing. It's not comparable to making false claims about systems.

[Derek27]

Selling isn't betting. The gap between wholesale price and retail price is the expense of production plus income for producing it. If either of those figures are overstated you are ripping the buyer off.

Betting just involves income for making a decision and the nature of the game involves aiming for as big a profit you can make. If you think a horse has a 3/1 chance, you're not going to say "I'll back it at 6/1 but I'm not taking the 10/1 available now, that's ripping off the layer"!

[spreadbetting]

K, I'm much clearer now, it's OK to rip people off betting in situations where they have no chance of winning but not OK to 'possibly' rip people off selling them goods which may be of lesser value than advertised.

[Derek27]

WTF do poker players do when they have a royal flush?

Do they fold because the other players have no chance of winning?

What if somebody raises their stake, do they show the other guy their cards and ask him to reconsider?

This is gambling SB.

[Derek27]

What about matched betting, the innocent bookies can't win.

Free bets are offered in good faith and it's a breach of the bookies terms and conditions to cover the bet so you can't lose (they don't explicitly say with them). Nobody raises the moral issue with match bettors!

[ruthlessimon]

Me & Shaun - Strategy double act

Derek & SB - Moral double act

[SeaHorseRacing]

Ingenuity really not happy in parade

Thanks for that. I backed that and didn’t see the race.