Cubone - The Gambling Historian!

A Tissue is a Forecast of how the betting will open up prepared by Bookmakers, or a professional assessor.
It is not a divine art, it is a balancing act, between offers and acceptance,
In the 1940s the best Tissue Expert was Jack the Judge (Jack Pinder) who would turn up. in a tattersalls ring and have a call over not unlike one taken for the big races Anti Post races.
Almost 50% of the Ring Bookmakers would be his client.
Jack used to bet for about 2% a runner, but what made his prices so good and accurate was that with a big majority of bookmaker in the ring having the tissue it had to be an accurate starter point.
Of course in some races were there were a lot of guessing going on with unknown runners with no form but from big gambling stables there had to be a lttle licence imposed by the leading Bookmakers offering all the horses at restricted prices and a W next to the unknown, runner this not being offered until there was some sort of shape taking place with the remainder of the runners.
I Birmingham there was a Bookmaker who for 20 years dominated the Early offers Rue King was his name, and his Tissue was as accurate as at any time however he did have a little advantage not known by all of the clientle.

before he started offering his service 20 minutes before a race, were he would gaurantee any horse to win £5000 he had already allowed a small (Fiddler) to go up 10 minutes earler, but with a no gaurantee service so after 10 minutes, several of the big prices had been requested, but not necesarly accepted, by the samall Bookmaker called Snuffie Long, what Long lold him was invaluable, saving him from laying 50/1 a 8/1 chance.
What makes a Tissue a very sensitive thing is that not many Bookmakers offer there maximum liability until the market has settled so although, they may start at 120% for a 10 runner race, a very large wager as soon as the Bookmaker opened for business, would be severely restricted.
Also what must be understood is that all bookmakers have a two tierre system where a Great Client who loses £25,000 a year can have what they like within reason.

A good example of both a betting ring from the past and the betfair ring at present the first periods of betting has so lttle liquidity that it is nothing but just an open guide.charade.
Even the top 12 internet Bookmakers who have there own tissue would not go up with there show until at 8.30 Bet365 and Fred Down, have started the days business, no one else would make an offer until those two markets have settled. and they have already used Betfair as a guide,
No big punter can even bother to look at the markets, until 30 minutes, before the off and even later. certainly if he is a £10,000 player. plus,and they do exist, in fact I beleave that 85 % all UK Horserace Betting do not enter the markets until that time.
And that no more than 15 massive Gamblers, enter Betfair at that time. there strength allows them to actually shape the markets to no one else’s benefit than there own.

What must not be ignored is that the betfair market is THE MARKET, in the majority of cases, and its general formation although very minute it will finish up accurate.

In 2007 when FredDone came out with a 1% a runner Tishie I could have told them it it was unsustainable. and would cause them to become introvert refusing any bets other than small, stakes,
This was self defeating as no Tissue could be that accurate, and my records show that they are not.
because of this a new breed of punter evolved known as an Arbur, (most are only price chasers) this caused all the Internet Bookmakers to offer less a service than a leading BOOKMAKER should .
The guaranteed price offers (Although great for a few) is a service to far, only the fact that the starting price system is controllable, allows them to do so.. however stats of which horses drift, would be interesting,the offer is not what it seems, but still costly, Bookmkers still beleave that computor betting still has a long way to go before bottoming out and I agree. so they will offer lmost anything to create there share of the UK Customer base,still untapped.
But one of the costs, is lack of integrity, and confidance between Punter and Bookmaker, many genuine punters who are no more than price watchers, are still restricted like inspired player would have been 50 years ago.
In 1940 there were 25 Bookmakers who would have taken £5000 bets on the telephone I dount there are any Internet Bookmakers who would offer a £1000 bet unless the client was a 5 Star loser.

I would guess that every time a new publicty push by a Bookmaker offering a massive Freeby occurs 90 % of the applications are relations of existing arbers.
But they may feel that 10% new genuine customers is worth the cost.
I can only see in the next 10 years 50% less High Street Bookmakers, and a Unique Internet service, of no more than 5 real strong Bookmakers offering a concession less, service, but to larger max wagers.
The down tern will be a massive Illegal Market like there is still in the USA.
This will be availble by the new breed of computer/mobile phone that will allow every one to have a high street betting shop on there LAP

Cubone