Sounds like this guy was trying to manipulate prices on Betfair so that the bookies would not shorten prices.
http://www.racingpost.com/news/horse-ra ... t7DaysNews
"Arnold admitted: "I'm being charged with so called laying, but it's not what I would describe as laying horses and not what I understood to be laying horses.
"Everybody knows horses crash on Betfair for a matter of pounds in the morning and all the bookies follow suit, so if I fancied one of mine I would try to hold the price out for a few pounds. Once we had got our money on with bookmakers I would then back the horse to make sure I couldn't profit from it losing, believing that wasn't laying horses. Clearly I miscalculated with Cut The Cackle, but that was just an innocent mistake."
Is this a valid defence? Do the High Street Firms/ Rails Bookies really follow Betfair Price or vice versa?
Would welcome any views?
Owner Arnold admits laying horses to lose
My 2 cents...
If they're targeting the odd fifty quid here and there this has to be mean it's more wideapread. low Hanging Fruits.
Honestly, we all know owners lay on their side. But it's because they know their nag is crap or the jockey is or both. It's only an issue if it's a major manipulation of a short priced fave, in my opinion. Not this case.
If they're targeting the odd fifty quid here and there this has to be mean it's more wideapread. low Hanging Fruits.
Honestly, we all know owners lay on their side. But it's because they know their nag is crap or the jockey is or both. It's only an issue if it's a major manipulation of a short priced fave, in my opinion. Not this case.