Bookmakers when they start a new worker on, they will inform him to watch out for stealing bets,
Well if they exist, and I know they do,
Then I would have thought those are the very bets that you should be having, the onse the Bookmakers don’t want to take.
Does that sound odd to you.

Look out for Cheltenham in 2 weeks time I will find you a few STEALS.

But before then start dreaming.

cubone

He had just finished his dinner time, crac, at this top of the Hill venue when as he began his short, jeorney home to his beloved, cottage, named after a national winner of his “Emblem” when his hat blew off,
Usually if he had had a drink to many, the pony and trap would find there own way home.
But in this incident a friend picked up has hat and threw it towards the great one,
Spooking the pony, into a dash up the hill and a swerve into Gambles Lane were poor George landed on a pile of builders rubble. head first.
So no fence at Aintree, during the period when they were fences ever threatened him, but just a 1£s worth of brick and his life was gone,
If you look on the side of the road, you will see a little monument stating
This here is the the spot were a Jockey died,
That is the most underrated comment every chiselled into a stone in history as bad as saying the unknown soldier was just a hero.
If you have more time you can go to the cemetery a few moments away
Were you will ask, the groundsman if there are any famous residents, you can pay homage to.
Rightfully so he will point you to the 4 VC Winners,
he will certainly show you were Brian Jones of the Rolling Stone, is still gigging.
But it is to be hoped, that he will also say
There is the grave of George Stevens and monument, who rode 5 Grand National winners and never fell at any fence on the track.
If non of you can make it, then as you are in the grand stand, look up towards the Hill in front of you and to the left you will see a great bunch of trees, just the other side, of those.
One of Cheltenham,s greatest horsemen lye’s, so do me a favour and just tip your glass towards him.
It may well bring you a little Luck during the week

Have a nice day

cubone.

Interwoven between the thrills is the century’s, of distrust, between the English and the Irish. to dominate the outcome.
It doesn’t usually come up fast going, not since the 1960s was it actually hard, but that year, more Irish big hitters (gamblers) failed to survive, the fun and games since the Potato famine.

As I look out of my window it reminds me of an early morning in Teneriffe during my Holiday phase were every 5 weeks of the year,
Jan 26 th to March 6th I was in the Canaries, doing what millions, of young kids pay a fortune to achieve and that is a TAN.
But also I would sit in the America bar not far from. the beach, and take it all in. the music, the crak
(Irish for Fun)
But what I was always doing between the partying best left to those under 60. was calculating the going that would dominate the march festival a thousand miles away in Gloucestershire. in march.
For Bookmakers this next few weeks is the kick start of the whole year, I always likened it to the game I loved as a child
“Nakes and Ladders” it was you will gather when I had a slight peech impediment.
But there you were, with every player at the start no sliver spoon ever helped a throw of a dice, but a dodgy dice may.
Up those loverly ladders, but no one ever inspected there footings, you just assumed they were safe,
Snakes we all knew about they are every were, from the little guy selling skunk. to loved ones with there hand in your back pocket,
The game is very life like, because every moment, you could look at the nearest snake, and plan for safety. but never examining the floor under the ladder.
So I look through the window again and plan, what I can get up to, now that.
I am the same as everyone else I am now a PUNTER.
The only difference. nothing will surprise me, but my success will still be based upon. the footings.

I will now say that in a true world were there were no Sadness lurking between, the fun of the forthcoming fair that is Cheltenham, and the unprotected, that will be hit by the loss,s created by non thinking, compulsive players that I am afraid, causes more hardship for there loved ones that from time to time I say it may have been better for there to be no Gambling in the first place.

But life is not like that, a drinker who goes into a pub has his two drinks, still drives, doesn’t want a fight, because he overheard some one say, West Ham used to be a good soccer team,
Will not whisper in some lovely s ear, knowing that she is his best palls wife.
Not thinking what hardship will be created for the children, if there little secret escapes from the secrecy file.
So I have to look through the window, with blinkered shades, just hoping that all the players, gain enough enjoyment out of the Festival. hope that they win, a little, not worrying to much with the obvious truth that those winnings are gained by someone else’s loss.
Having said that I will move on,
Firstly every worker usually require tools of there trade.
In a gamblers world the tools are his Brains. no knead for a box full of equipment, but you could build a house on winnings, from well thought out strategies, without tools there box however must contain more than a few tricks.
My plan one is the most important, in a gambler (Horses) life.
It is the type of ground that the participants will be competing on,
Will it be like an Irish BOG. or a conrete scholl yard.
The difference will mean, Billions$/£ winging its way over the irisg Channel, on saturday, or remaining in Englands safe keeping.

Take 5 kids, run them up the street from lamppost to lamppost.
Billy will win ever time,
Take the same 5 kids to Blackpool and run them the same distance from Ice cream vendor to ice ream vendor, and the result could be different,
So what has Ice cream at Blackpool got to do with the forthcoming Cheltenham Festival.

Simple if this tenneriffe weather continues, for 14 days, anyone with a form book will be better off, taking there flout, the money they will require to start there weeks gamble, and give it to the nearest Charity Shop. hoping that the organisers, or Honest.

There will be horses that have had a few races in the Irish mud, that will find some of the english flat bred, runners, past the post, before they have decided when to make there run.
But you have to remember hurdling and chasing is the art of clearing a fence without taking any energy away from when it will be needed, and that will be the last 200 yards.
If as I say the form book will, should be ignored, it means that instead of commencing my thoughts on horses from 4/1 to 10/1 I will begin with horses at 25/1 and go to 500/1.
So don’t be surprised. if there are many amazing results, at the forthcoming Fair.

If you are a gambler therefore and have your full wits about you and you will guarantee me, as best you can that you will not cause harm to your loved ones, by any lack of control.
Then a you require a Bet fair Account,
So log into Betfair,co.uk and let your brain, take over. any advice I can offer you, just ask.

If on the other hand what I see out of the window is a false promise of 2 weeks of warmth, and good to faster going, and the rains from hell start again, flooding, all the hedges and fields around Cleeve Hill Cheltenham, then tear these words, up and just follow the Irish thats there only danger, from winning this eternal war, sand that is the SUN.

cubone.

His kind loving sisters did everything they could for the earl non more so that Rose,
However from being a great help for him and all the other poor and distressed children from the out lying villages around Croxtieth, she developed a disorder of the brain,herself,and for the last 4 years of her life she was locked into a room in the attic of the Hall, never to be seen by anyone other than her carers.
Even today her screams can be heard, from the top most windows. and he vision has been seen on may occasions.
certainly around Grand National week.
Both The late Earl and Rose are berried at Kirby Church according to the church records although there is no evidence in the case of “Mull” were.
It will make a sad but honest, Tale one day.
In 1952 a fire destroyed many of the rooms in the new wing, and several of the higher bedrooms including Roses, her cry s have not been heard since that date.

cubone.

In my early days, a simple horse race, of 12 runners would be a deduction of as much as 2% a runner..(deduction,tax, Vigorish) call it what you like it is something all service operators impose. so the 124% would create a massive advantage to the Bookmaker. one that reduces you the player of any possibility of surviving very long.
But by looking around that % is very easy to better, in fact many times you will find by playing between all markets the Internet and Exchange the profit for the Bookmaker can be eradicated.
So it wont hurt for you to understand how a charge is collated.
If we take that 12 runner, Horse-race, a Bookmaker will commence with a Tissue Service these are the prices of every individual runner, the tissue expert will bet to a 100% Book, and then add what he feels is a just commission for his pain of creating the service. and to more or less gain him a profit out of you over time. but that % includes that fact that no tissue service can be that accurate, most of the time, they are only price Judges, there opinion can sometimes be massively out.
the fun is defeating there plan and turning the % in to a guaranteed profit for you, now that is a lot harder than it may sound, to do so on a regular basis, makes you a very clever person, one that many would like to copy.
It is not however impossible.
I hope the next paragraph is not to technical but
On many occasions when there is a very small field, taking the fact that all the leading internet layers offer guaranteed odds, then
I have backed every runner in a 3 runner race, knowing that at that moment I will show a 3% loss at the best prices available and yet when the Starting Prices are collated the guarantee has turned it into a 3% profit. just because the market is different,
I will explain this in more detail in a later episode. of Gambling for profit.
The reason for these anomalies is the trade war between all betting services, that has reduced there profitability, between them selves, and open up many different ways that you can trade, a profit, between the various services,

One of the most important things you will need to understand is how close certain race types operate to.many are not far short of being a loss leader, for the bookmaker at start.
The reason is there ever increasing fight for customer base.
I like to look in the Adrianmassey.co site this firm are stats collators, showing how you would go, by following certain simple logical, ways of betting, every single strategy is covered for all the different, eventualities.
Going, draw, tracks, trainers and Jockeys, you name it they have it covered.
take for example backing every favourite every day. over 15 years, this firms stats show that you would have shown a 3% loss, although at 3% the total loss is significant, it is based upon. Bookmakers starting prices, which are so restrictive we would never consider basing a strategy based upon them.
The Bet fair return Price, is so superior that already you could consider a simple plan of backing just favourites, every race every day, but we know that even a simple deduction by the service provider will render the bet a loss over time but it is a basis that shows how tight the margins are, that you are working to. and just a clever well thought out plan, using certain race type and not others, that show a bigger loss can tilt it in your favour. and in some cases into a profit.
Remember thatv point that when looking into the Massey Sight, aall there %s are based upon Industry Prices, and not the much superior Betfair prices.
But as a starter, these tight returns show that a strict policy of improving race type. and using the information offered by the Racing Post, as to ways of improving those %s, can certainly tern a 3% loss on its head and possibly into a profit.
many people look for a profit out of trading between Internet fixed odds and Exchange markets, arbing a profit, simultaneously that is an art, and requires hard work, and practice.
I myself had my best years working between the high street cash shops and the bet fair Exchange, using the poor price control of the Bookmakers, shops, however, betting in cash, in high street shops has become a security nightmare.
Opening accounts with Internet Bookmakers can be attractive, other than you will soon be picked up as a non profitable client and your service refused or at least restricted.
One of the most attractive services at the moment, is certainly the betting in running with an exchange , the best by far is bet fair. who operate In Running for 100s of events a week,
the first thing you will have to understand is that Live Time services like RUK or ATR horse-racing contain a delay, from live time, so no betting can be contemplated with any thing less than a 1/2 mile still to cover, the delay of 5/6 seconds, will make any wager within the time scale, mentioned a guaranteed loser.
Bet fair realise this anomaly and warn of the dangers on all there sites.
But that doesn’t exclude betting earlier in an event, or leaving set prices, in the market either lay or back,
This as you can imagine is a specialist service and all the pitfalls will have to be explained fully before you ever join. these markets.
many other in running markets like Soccer allow great opportunities. to be gained. but it is best when you find one particular that suits you,

Well by now I bet you have ahead ake, and that cant be a bad start.

Speak again soon.
Of course in the days of that restrictive charge very few punters made the game of betting pay.
But things have changed,
And that change has been bought about by the introduction of two things, firstly the new Kid on the Bloc,
The Exchange, markets, of Bet fair and Betdaq, and there revolutionary way of agency control. between person to person.
Has panicked the Fixed Odds Bookmakers into a trade war with themselves, so fierce that the lot of UK Punters is now more attractive than at any time in its 300 year history.
So before explaining strategies, I will explain what you do need to join the new breed of UK punters who bet to earn as against betting with a hope of success.
You certainly need an Exchange Account, with Betfair as a start.
For 1 month you will need to feel good navigating the Bet fair site, and begin to understand why this revolution has turned Gambling on its head.
If you have no experience of gambling what so ever. then. I advise that you telephone Betfair and visit one of there learn to earn. schools, or one of there tutorial.sites.
When the new breed of Exchanges began I had a start on many as I had a 50 years knowledge of Bookmaking but when it come to using a computer to gamble I was at a massive disadvantage,
In fact every one was off a level starting bloc, for no one knew both sides of the coin.
It must be understood that in Horse-race gambling there are many different ways to create an advantage, many times out of the same market.
But before you start you need a gambling surfers licence, we all know what happens when you drink and drive, drink and gamble disastrous for yourself, and those who may rely on you not becoming a compulsive loser. the pitfalls not unlike, those in Traffic Law, the does and don’t are never to be treated lightly.
So using this theme the first Commandment or no go, is you never Drink and Drive (Surf) on your Gambling site. if that cannot be understood than it would honestly be better not to bother.

Every day I will include my thoughts, as to what you need to do if you intend to improve your betting skills. so that you can make it a wonderful experience without the stress and danger applicable to GAMBLING.

Good Luck.

cubone.

For any one who reads the History of Horseracing they are led to beleave what the books say.as Gospel.
In 1928 a Grand National took place, were a 10 year old carrying the minimum weight of 10.o stone.
Won by a distance, of the 42 runners a record at the time, he was the only horse that completed the course without mishaps. one other an American Champion Hunter remounted, to finish 2nd.
Of the many races since Lottery,s win in 1839 this was as astounding an event even accounting for Foinavon, as there has ever been.
So one would think that every late March after the festival at Cheltenham has settled, all the pundits and lovers of the game, would be talking the big Chase up but of the many races raised and discussed 1928 is hardly ever mentioned, what is more. look into the history and the race and you will see that the winner Tipperary Tim has been created as a monster, for winning the event Why.??
Tubed, asthmatic, £50 Plodder, who ended his life giving children 50P rides at yearly functions, and barbecues. not unlike donkeys on the Blackpool beach.he never received his place in history as a great chaser, for the wonderful feat, that he achieved.
At the time a breathing operation was an excepted part of NH racing, and during a season you could see a few others with the disability.
The Tracoctomy was to help, get air into his windpipe he was tubed. not a wonderful endorsement, if you are promoting an International event. but what did he do wrong.??
To allow a racehorse to compete against 42 others on a world stage in the most testing endurance in the world of Horses was rather cruel. but they allowed it and he beat them, at there own game,
The Jockey Clubs equivalent for National Hunt Horse racing had sanctioned a massive increase in the fee,s this years without imposing any restrictions making it a free for all.
Any horse was now able to enter the race, and what with the worlds finances, flying, many people could afford the gamble. 18 month still to go before they would come crashing down firstly in Wall Street USA. but in 1928 money was still plenty full.
Even Americas Robber Barons would come over to win our Peoples race.during the period.
Of the 42, Runners, in 1928 the real English Blue Blood was Easter Hero, allotted to carry 12.5. a lot for what he had achieved at the time but he was seemed sure to win a Gold Cup,one day, and this attempt at the National was seen as a stroll in the park.
The previous years winner Sprig also took his place.
Of the betting two horses had been backed off the boards, both from 16/1 to 5/1 Master Billie and 11/2 Trump Card,.
There seemed to be a lack of the upper class owners, this year, many thought the race had lost its sparkle if it had ever had been classy, it was 28 years since the HRH Prince of Wales had elevated the event.
Our Disabled runner had started off on the flat, but after 1 season he was deemed as useless,
How the owners ever thought they would win a national I don’t know. but they must have been great optimists,
The weather was dry but very cold as they paraded in the ring, a few Liverpool; wits, remarked that they wondered how Tipperary Tim had managed to do his milk round before setting off for the National.
At the start Lord Sefton spoke to the jockeys about the pace, telling Powell not to allow Easter Hero his head.
When the flag fell,the 42 did what they were told not to do, following Easter Hero flying along,
At the first jump every one of the runners cleared it magnificently.
Causing a panic in the offices of Sporting Indux the leading spread firm, increasing the number of finishers, from 12 to 18.
Over the Beechers Brook, the 6th fence, only a handful had tripped up.
As they approached “The Canal Turn”, Easter Hero still led.
As he shaped up, he changed his mind running down the jump and in a Fosbury Flop ended up on the top, flailing about like a Rat caught in a trap by the tip of its tail.
If there hadn’t been a jump there the horse would have finished up in Kirby Church, cemetery.
Within a few moments the 36 horses still standing 25 either fell .refused.or just went the other way
Tipperary Tim, had been cleverly taking a wide course, well away from any pending trouble, so even if he was a little frail he certainly wasn’t stupid.
As the remaining runners passed the grand stand, now 8,
They consisted of
Tipperary Tim.
The USA Champion Billy Barton.
May King.
the French runner Maguelonne.
and Great Span ridden by a 17 years old lad.
Away round again, it was not long before the French raised the white flag,
And May King Fell.
Now only 3 left.
The public stunned.
taking all the remaining fences, in good order, it was clear that the classy Great Span, was going best
Three jumps out bets of an even thousand many times were taken by Issac Hayes, the latter day Fred Done, tattersalls Bookmaker his Zeiss 10 x 32. Binoculars were telling him, something that no one else could see, for as they landed Bill Payne a teen age,r was hanging on for dear life, with the saddle having slipped, there was now only two.
As they approached the last fence, there were three horses spread across the course, the one in the middle, however looking like a Newcastle Binge drinker with his trousers round his ankles,
I beleave his was the reason Billy Barton took off a yard two early, we will never know, but he landed rather steeply throwing his jockey T Cullinan, into the Liverpool mud.
Our 50 gn rag, took every thing in his stride, sprinting to the line with his amazed jockey not knowing whether to laugh or cry.
The play had not finished however an alert racegoer standing by the last fence, dashed under the railings and caught Billy Barton, then Cullinnan, to clime back into the saddle jusst then an over exited, punter, who happened to have backed the USA runner Each-way. moved in,
Getting his shoulder under the jockeys rear and pushed so hard that he almost shot over the other side, head first before gaining his seat, where he then rode off into the Grand National History. as the only other to finish.
Even the crowd had split into two halves as the two horses arrived. into the winners enclosure.
Tipperary Tim, with the lesser welcome and the USA runner. a massive response.
This didn’t end there, the owners of both horses tried again, before the USA runner, arrived for a glorious retirement and then a place out side the Entrance to Laurel Park. Washington, Racecourse immortalized for ever in bronze.
Tim hasn’t even received his true status, in the country’s leading Books on the National. and I quote.

“A HUNDRED GRAND NATIONALS by T.H. BIRD. The Expert.
Chapter 16
“Tipperary Tim is one of the winners of the Grand National we like to forget”
“The hopes of the large number of Americans rose high as Billy Barton was coming home alone,Tipperary Tim being a long way behind. But Billy Barton stumbled on landing at the last fence and came down,Tipperary Tim owned by Harold Kenyon and ridden by Mr W.P.Dutton a young Chester Solicitor. won the race.
After this Grand National Tipperary Tim relapsed into obscurity from which he came”

Well that sums the whole race up.
for we fair minded players knew that they jumped the fence together, and were equally brave.
I can openly say that I feel sorry for the Punters and Gambler who were around in 1927/8 if the form students had the facts as Billy Barton a distance in front of Tipperary Tim.would have given a very wrong impression. and must have been costly if repeated in other races.
it is my opinion that Tiperary Tim was just as brave as any other runner that year before and after,
If he was not the best looking individual so what, if he was a cripple so what all I know that the History Books should tell the truth that he got round and the other 41 didn’t.
We may have to recall all the Books by Bird and have them, re-written, for prosperity.

Cubone.

Bill knew there was something up and it certainly wasn’t the pictures.
When he arrived, they greeted each other cordially.
Got plenty of time Bill have you got a paper, put the racing on and we can have a few little bets to pass the time away.
A warning Bell rung in Waterhouse ear, this was no casual get together before the Festival this was a get up. a well organised plan.
But Bill wasn’t going to show his hand,
The meetings on were Flaps, similar to our Wolverhampton a day before Cheltenham.
“Just one bet that will do”,
William decided that he would give $10,000 a run top whack., even that would be an expensive film.
As soon as the race meeting was located they were at the post ready to start.
Here you are Bill its all I have in readies,
$20,000 on the fav at 2/1,
Bill was astounded he didn’t mind betting the man, but at least he wanted to know what he was laying.
This was pure Gambling not something heb had been taught, from his father.
Once you laid one horse you attempted to lay the rest.
But that was impossible this was a pure man to man Challenge.
But his instinct formed from the first day they met was still strong
He was a CHASER. and that would make him a loser. no matter how inspired he was.
Right you have a bet. $20.000 to wein $40,000.
Gaining no thrill the horse was beaten, before the straight.
Ok lets have something to eat, and drink.
One thing Bill never did was Drink whilst betting.
But he could eat for he Australia, and one glass of wine wouldn’t matter.
Turn over to the 1.30 Bill lets get my money back
Ego was now taking over, Bill certanly would let him have a bet to chase his loss,s that one thing the bookmaker loved.
Another $40,000 was lost this time in a photo but Ysmael was now losing $60,000
At least Bill had confirmed he was a Chaser and that gave him confidence for there forthcoming battle at Melbourne. would be exiting and more than likely very successful,
What happened then with the flicks forgotten, The Babe started on a chasing fervour, although Waterhouse knew it was the man,s weakness the figures were amazing within no time he was losing $500.000.
It was just like a blur, two men, betting in telephone numbers, with monopoly money but they couldn’t have been so calm.
If The Phillippian had an ace up his sleeve he was going to have to Pay a big price to produce it.
Bill darn,t telephone his office to see if there were any moves on the card that would have shown a weakness, he certainly couldn’t hedge any of the final bet to guarantee a wonderful profit
Missing a race and switching the channels anxiously he had shown his hand,
Losing out of all proportion, it was clear that he was now waiting for the one race.
The plot had back fired on him they probably worked out that with an ace in the hole it was just a matter of a few FREE Bets, if the nap was as good as planned.
But what had happened was just amazing with every bet beaten, resulting in the planned bet having to win to just get out.
What also had happened and not found out until afterwards, thus horse had been backed by Yasmael all over the place,
Bill had shown his opinion was spot on. there was a plot a brewing alright
And the Bookmaker had taken an amazing chance, as any of the horses that had won, he would have got himself in to a lose/lose situation but they hadn’t and The Babe was well and truly in the mire.
Only a massive Gambler like Ysmael could be so calm.
“Right Then Bill I am losing half a Million$,
I expect you to allow me the chance to get my money back.

It this favourite that I want to back. its 1/2.
So I will have $1,000,000 to Win. What I am behind.
It was the first time in Betting History that a single $1,000,000 bet had been struck.
There was no way Bill could get out of it if he had wanted to, and that was debatable.
It was his destiny to one day take such a wager but the way it had transpired would have have been thrown out of our, Dick Frances in tray, as to unbelievable.
Bill could have attempted to play his old ice cream trick but who would have he been kidding.
This was history and both knew it.
They sat next to each other like a 17th century Duel. between to Gentlemen.
Not a response.
Bill knew that this horse was owned by Ysmael. and it had been backed all over the place, not for fact but by instinct. and as usual he was right.
Within a moment Bill knew he had come level on the day. and his punter began to smile.
It was a Dual that would be repeated on all Australian major Tracks over the next two years but not to the same velocity, before history struck and Jail followed Fame for both The Babe and his Master back home in the Phillippines.
History may not repeat itself, but at least William Waterhouse will go down as the Bookmaker prepared to create that History.

Cubone.

So really i must admit that although in a true just world a clause to hep a person should be found, it is in fact impossible to do so.
But the thought was nice. don’t you think and I would hope that all Gamblers should follow my
No1 Commandment, never to back any horse of sporting eventuality that they had not first given plenty of time in the consideration.
It is the most fundamental principal that having worked to a set of rules, when gambling in the first place to do something outside of that planning is not far short of criminal in the eyes of all Gamblers.

So every time you feel in a Chasers Condition, stop and switch off you computer and go for a walk.
Think of protecting your loved ones and regroup. starting again.

I always read Rudyard Kiplings Poem “IF” and realise what a lot of Bolox. he wrote.

Other commandments like why horse,s should never be backed in there first ever run. but those rules have fundamental basic to them and will be discussed shortly.

Cubone

But what has been lost is the Horse-racing markets, with the Sos of the revolution (1960) now happier to bet on anything other than Horses.
The UK Bookmaker when given the Red Light to become the Global Gambling Centre miss judged the public, mood. and were slow off the mark, allowing others a running start. hence the Big Three is now Big three of what. they certainly have not created a monopoly in public trust. with many internet competitors offering much better service.
The change was a certainty to become computer driven. with the High Street shops becoming, a burden, even now the competition that the big three had under control between villages and towns have now been flooded with new Indipendants, already over traded where on earth do they think the trade is going to come from.
The internet however is the future and any Government body who told them different were wrong.
With less that 3% of the citizens betting on Horse and over 50% of them playing on the Lottery. I can understand why at last the Industry are fighting like 19th century gloveless pugilists. for a slice of customer base.
But when will there trade war with themselves end and an unconditional surrender to the new way of betting THE EXCHANGE. take place.
The Exchange is exactly what was the order of things when Gambling on Horses first started it was only
Individual Bookmakers who began as agency, imposing ridiculous deductions.for the privelage of balancing bets from individuals in an attempt to make a round book.
When two Public School boys, looked at it all Tote Pool/Fixed Odds and put them through a convolution. (Fit of Giggling).
And came up with a BOOTOT. but as that sounded rather silly they thought why not just BETFAIR.
That was was as good for the Gambler as the wheel. was for transport.
Within no time perhaps 12 months any thinking punter realised that this way of person to person betting would allow betting through a computer to outstrip any Bookmaker service first in time and then in value,
The real revolution and something that no fixed odds Bookmaker can ever compete with however is In Running, Betting. on Horses, this facility offers punters the most exiting service imaginable.
Only the difficulty in creating a level playing field, in the time scale, Betfair are struggling to protect 95% of the customers, and when they do. I see an increase in turnover of 5 fold. over night.
One of the biggest mistakes by the internet Bookmakers in there failure to compete with Betfair is the speed of there service. no sub service were a market fluctuates sec by second can compete with the service that is creating the true service.that creates the market. this lack of information has created a mass of punters following price changes, any racecourse punter is taught on his grandfathers knee that you do no harm following the money as it never lies, yet the Internet punters are betting with information superior to the Bookmakers, a crucial invitation to bet, this results in a second class and expensive loss leader, this plus a tightening of there margins, plus Guaranteed Odds, will result in there demise even if they carried no expenses. no information run service can ever survive if there clients know the movements before them. This has been brought about by the 1880 reliant on an out of date racecourse Service created by in some cases 5 Bookmakers. namely the Starting Price System.
As bad as when Pigeons relayed prices to Hyde Park corner. in 1820
Instead of the General Public being satisfied with the new Revolution only computer driven gamblers are and that is a travesty.
When Bet fair first started Warwick Bartlett the Industry Think Tank expert and a friend of mine
Stated that Bookmakers have no fear from Exchange Betting because the majority of there clients have no computer or use credit cards to bet with.
What a Difference 6 years can make Warwick.

So what of the next 10 years, I see in my crystal ball, 50% less High Street shops, and many Bookmakers offering half fixed odds half agency permits granted by Bet fair. that is unless Hills and Ladbrokes combine to turn The Totalizator Board into a Glorified Exchange,

Wee will see,

Cubone

If you strip down what a Bookmaker is it is clearly an agency who juggles bets, for there benefit an exchange is the same but as he is an agency who allows there clients to juggle the bets with each other the odds offered are in most cases superior. and because it is computer driven bets can be offered in many more eventualities and at a quicker rate,
Hope this helps.