AyrExile Posted July 28, 2015 Share Posted July 28, 2015 This Not this. Although not a major part of the documentary, the thing that fascinated me most out of tonight's show was the scene in Bruce Millington's office. I applied for a job with Bruce Millington when he was football editor back in 2000 (didn't get it btw), he appears to be absolutely obsessed with gambling and everything associated with it. He didn't listen to a word Steve Palmer said because he was more interested in the 3.40 at Ludlow. It wouldn't surprise me if he sees a younger version of himself in Steve Palmer. That is, when he bothers too listen to him. Working at the Racing Post or as a trader at one of the bookmakers is such an intense job, everything is just odds, odds, odds, very fast paced environment and you can't take a week off as you're completely out of the loop when you return. The risk of burnout is huge. Burnout and taking a week off don't really affect things as the computers have removed the intensity. Most of the starting odds are taken from betfair and then positioned so they never lose. Unlike a few years ago traders don't actually need to know their sport/area inside out unless it's things like the Olympics or big brother. Graduates who can work a pc, follow procedures and require less wages are slowly replacing the old school. Link to comment Share on other sites More sharing options...
WullieBroonIsGod Posted July 28, 2015 Share Posted July 28, 2015 I was intruiged by the traders. I get that there has to be input into a market to price it up and create an over-round, but what I would like to have seen was how they deal with a "live market" Maybe a golf tournament seeing as Steve Palmer was featured, or something like a live Tennis match where the odds swing back and forward. I always assumed a software program would be involved, looking at liability and adjusting odds "live" Surely the market moves too quickly for the traders to do manually plus the number of live events at one time) Getting back to FOBTs, looks like they are heavily featured next week Link to comment Share on other sites More sharing options...
H_B Posted July 28, 2015 Share Posted July 28, 2015 Because he writes for the Racing Post and that would be horrendous publicity. He does get limited. He's mentioned it before in his column that bookies he's named have allowed him an £x double for example. His column on a Sunday is comedy genius. He is great value. Link to comment Share on other sites More sharing options...
Cardinal Richelieu Posted July 28, 2015 Share Posted July 28, 2015 Surely anyone wanting to put a sizable bet on can simply get someone else to do it for them? Link to comment Share on other sites More sharing options...
KnightswoodBear Posted July 28, 2015 Share Posted July 28, 2015 Surely anyone wanting to put a sizable bet on can simply get someone else to do it for them? Hiya Ian Black, hiya pal! Link to comment Share on other sites More sharing options...
mid-table Posted July 28, 2015 Share Posted July 28, 2015 You think a bookmaker would willingly limit someone that writes for the Racing Post? Yes, without a doubt. Burnout and taking a week off don't really affect things as the computers have removed the intensity. Most of the starting odds are taken from betfair and then positioned so they never lose. Unlike a few years ago traders don't actually need to know their sport/area inside out unless it's things like the Olympics or big brother. Graduates who can work a pc, follow procedures and require less wages are slowly replacing the old school. I was meaning more from the culture side of things. Okay it was only a snapshot, but it seemed from the traders featured that they all liked a punt themselves, and I know from experience that if you are trying to follow a million and one things all at the same time it gets exhausting after a while. Link to comment Share on other sites More sharing options...
H_B Posted July 28, 2015 Share Posted July 28, 2015 Surely anyone wanting to put a sizable bet on can simply get someone else to do it for them? Not really. If you weren't a regular and suddenly appeared in a shop to put 10k on an event they'd be very suspicious Similarly if you are a 5s and 10s a race man and try to do similar on behalf if someone ekse you'll struggle to get it on. Link to comment Share on other sites More sharing options...
Cardinal Richelieu Posted July 28, 2015 Share Posted July 28, 2015 Fair dos. I was thinking more of people who aren't allowed to gamble. My mate puts mate on for his friend who is professional footballer for a Scottish club, and he puts sizeable bets on on behalf of his mate. They never win though Link to comment Share on other sites More sharing options...
CowdenLoyal Posted July 28, 2015 Share Posted July 28, 2015 Fair dos. I was thinking more of people who aren't allowed to gamble. My mate puts mate on for his friend who is professional footballer for a Scottish club, and he puts sizeable bets on on behalf of his mate. They never win though I didn't know bookies accepted a mate as a stake. Link to comment Share on other sites More sharing options...
Cardinal Richelieu Posted July 28, 2015 Share Posted July 28, 2015 I didn't know bookies accepted a mate as a stake. Heh. You obviously don't go to the right sort of bookies. Link to comment Share on other sites More sharing options...
Silvio Posted July 28, 2015 Share Posted July 28, 2015 Palmer is a great read. The column where he got the 'facespitter' double a few years ago made me genuinely happy for him. His wife was no bad either. Link to comment Share on other sites More sharing options...
NotThePars Posted July 28, 2015 Share Posted July 28, 2015 The thing is large bets go through the system and are usually double, triple or quadruple checked and sometimes checked between several stores. Link to comment Share on other sites More sharing options...
Killiesquirrel Posted July 29, 2015 Share Posted July 29, 2015 There's a an older woman at my local willy hill who always goes on the roulette machine. Every time without fail she puts £2 on 0 and 20p on every other number without missing one! I've never understood this, obviously she's banking on hitting 0,but why not even just put £2 on 0 and save the 7 quid or whatever you've spread on the other numbers as if she hits any number other than 0 she loses money.. Every time I'm in I see her doing this and i've never understood it. Link to comment Share on other sites More sharing options...
ayrmad Posted July 29, 2015 Share Posted July 29, 2015 The thing is large bets go through the system and are usually double, triple or quadruple checked and sometimes checked between several stores. In my day Ladbrokes knocked back £300 on 11/10 shots from problem gamblers, they no longer suffer from such naivety. Link to comment Share on other sites More sharing options...
WeAreElgin Posted July 29, 2015 Share Posted July 29, 2015 The only bet I refused in 2+ years was £15k on the highland league winner, which eventually led to a blanket £50 stake on anything highland league related. For ladbrokes at least, all bets over a certain stake, dependent on circumstance and market, require head office approval wherein a punter would either be offered SP or a reduced stake if it was questionable. The idea of people being refused bets isn't quite as straightforward as the cashier turning it down straight away.. Link to comment Share on other sites More sharing options...
Loki Posted July 29, 2015 Share Posted July 29, 2015 Yeah at William Hill each market had a maximum liability. If any bet went through the maximum liability that bet would have t be okayed with Head Office. If a big stake was used, head office would normally say you can get £X at 5/1 and the rest at reduced odds. In some cases the same bet would have three different odds matched when you translated it. But if you know your liabilities and there was a large number of shops around you could easily get a high stake spread across a number of shops without raising suspicion. Doing it too often and the punter would be monitored, and then have their own liability threshold placed on them. Link to comment Share on other sites More sharing options...
KnightswoodBear Posted January 31, 2017 Share Posted January 31, 2017 Can't understand why the bookies are so upset about this http://www.bbc.co.uk/news/business-38800095 Link to comment Share on other sites More sharing options...
fanny paddery Posted May 17, 2018 Share Posted May 17, 2018 Max stake to be reduced to 2 quid http://www.bbc.com/news/business-44148285 Link to comment Share on other sites More sharing options...
speckled tangerine Posted May 17, 2018 Share Posted May 17, 2018 5 hours ago, fanny paddery said: Max stake to be reduced to 2 quid http://www.bbc.com/news/business-44148285 That's excellent news. Never expected that with this Tory Government being heavily lobbied by their industry mates so for once, fair play to them. Link to comment Share on other sites More sharing options...
Cheese Posted May 17, 2018 Share Posted May 17, 2018 Certainly a bold move by the government. Inevitably, there will be shop closures and job losses to follow though. Link to comment Share on other sites More sharing options...
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