BOOKIE BASHING

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BetScalper
Posts: 1139
Joined: Sun Jul 02, 2017 10:47 pm

wearthefoxhat wrote:
Sat May 19, 2018 4:35 pm
BetScalper wrote:
Fri May 18, 2018 1:15 pm
Derek27 wrote:
Fri May 18, 2018 1:05 pm

I can't see how a casino could get away with that as the numbers and transactions are independently audited. If the casino was winning significantly more than the laws of probability suggests it would set alarm bells ringing and it's a guaranteed success for the casino anyway so there's no point in taking any risk.
From personal experience, I am not suggesting the casinos do anything dodgy but Bot/Player collusion in on-line poker is seeing new heights. There are teams of players with unconnected IP addresses running software to block the casinos spyware to catch them communicating via third party apps at the tables. I remember watching a CH4 documentary on it.

I remember playing in an on-line tournament and managed to get to the final table from 7,200 players. 4 of the 9 players left were upto something for sure as the time they took to take action was near the same and their betting patterns looked like it was the same player/Bot playing.

Not complaining because I didn't win but the final 2 in the headsup were from the original suspect 4.
A fairly famous online poker player bought into someone else's account at a final table, knowing the identity of 2 of the other players and colluding between hands. First prize was in the 100,000's so worth the effort, got caught, somehow...it was the tip of the iceberg.

Also an ex world champion was a super user of a site and knew all the hole cards of the big cash game players. Won millions, until it was proven by some of the other players that the amount of hands he won was mathematically impossible. = to winning the lottery 4 times in a row.

Anyone on line with guarded access to the software can manipulate it. A small % swing would make all the difference.
Interesting...

One thing I find strange with on-line poker tournaments is the poker rooms initiate their own players/bots to make the minimum number of players up.

No doubt these are Bots, playing a mathematical perfect game. Doesn't mean they will win obviously but if you have 100 bots playing in a 500 player tournament then it gives the poker room a big edge.
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SeaHorseRacing
Posts: 2893
Joined: Fri May 20, 2016 7:06 pm

I’ve always been a believer and wondered why Ladbrok s never did it.

When Ladbrokes took over Betdaq I thought they would open exchange terminals in their shops.

Wouldn’t that be a great idea... able to back and lay with cash in store on the exchange and cash your winning ticket at desk once settled. Even if it meant putting commission up to 7.5%.

Ladbrokes potentially could have it away with this idea. But they would rather have a sports book with bigger margins.
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SeaHorseRacing
Posts: 2893
Joined: Fri May 20, 2016 7:06 pm

Each table inside would have its own little iPad attached to the desk. Just sign in and go and could be paid out in cash. Wish they would do it. You never know. It would require less staff than we currently have too.

No paper, no pens, no slips. Just technology.
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wearthefoxhat
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Joined: Sun Feb 18, 2018 9:55 am

SeaHorseRacing wrote:
Mon May 21, 2018 7:43 am
Each table inside would have its own little iPad attached to the desk. Just sign in and go and could be paid out in cash. Wish they would do it. You never know. It would require less staff than we currently have too.

No paper, no pens, no slips. Just technology.
Not sure if it still exists, but there was a coral's in birmingham that had some computer terminals set up, not for trading but for restricted access to their online website. What you mention above would be easy for the bookies to do, but they are run by retail bods and directors with an insular approach to the industry overall.

Maybe if and when USA get their shit together, their perspective may change, or further mergers and new directors with a vision.
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ANGELS15
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Joined: Wed Mar 22, 2017 9:57 am

Not meaning to sound horrible but the average punter in a bookie's these days is more interested in betting on streepledowns or Portman park than on real racing also on the FOBT. Bookies know this and wouldn't want to spend money on the technology, equiptment etc to attract the more intelligent punters that they'd rather not have anyway. I'm shocked at how little the general betting public know about exchanges and their potential. long before I knew about trading I used to do a lot of inrunning betting. There's a lot of potential there for the general betting public I used to get plenty of winners (losers too!) by backing big priced horses making the running. You may lose a few ticks at the off but more often than not you would still beat the sp or even the betfair sp if you were quick to get on. I was amazed at how little liquidity there is on in running betting due to under exploitation.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Why on earth would Ladbrokes want to divert punters, already in their shops, to one of their lower margin products? They'd just be cutting their own throat.

I'd imagine they only ever bought the exchange to cover their options in case exchanges took off plus it marks their card as shrewder punters use it and on course bookies hedge their bets thru it too. It wouldn't make sense for them to inform punters they don't need to take crap odds or stay in a tatty bookies.
iambic_pentameter
Posts: 443
Joined: Wed May 18, 2016 1:24 pm

I used to think that if bookmakers were to allow customers to bet in running, that would be interesting - you can bet in play on other sports online and it would certainly offer a more exciting element to racing in terms of modernising it.

On reflection though, it would run the risk of going down the FOBT route with customers doing their coconuts in running and gaining a bad reputation.

Iambic
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ANGELS15
Posts: 844
Joined: Wed Mar 22, 2017 9:57 am

That's an interesting point about punter's doing their 'b*******' in-running. I frequently hear punters saying 'oh the favourite's pissed it' when there's still a long way to go or assuming that because an outsider has gone to the front after 1 furlong it's going to win by half the track. I cringe when I hear them saying a horse I've backed/traded is going well as 90% of the time it's the kiss of death. It would be interesting if they could actually take odds about their predictions, bookies would have a field day. It's a pity more of them don't use betfair to create more liquidity for in running.
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