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2012-May-26, 11:37 PM

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Author Topic: Punter pulls off dogs sting but gets paid light  (Read 995 times)
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triple7
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Original Post 2012-Jan-25, 07:26 AM

Punter pulls off great greyhound sting but is denied cash

Brent Zerafa
c/ Daily Telegraph

http://www.dailytelegraph.com.au/sport/superracing/punter-pulls-off-great-greyhound-sting-but-is-denied-cash/story-fn67rc85-1226252805641


THIS sting hadn't been planned for months, it was a spur of the moment stab at winning $150,000.

After gazing at the form for the twilight meeting at Horsham early yesterday, it immediately appeared the perfect race to pull off the plunge.

Despite the race being a handicap with dogs starting from staggered boxes, Stack 'Em Flat and Echelon looked head and shoulders above their rivals in the opening race. They would start from the two inside boxes, there was three scratchings and in the opinion of the punter, the three remaining rivals were hopeless.

Having been a part of the Lucy's Light sting from 2005, the punter - a high-profile greyhound owner who also works for a bookmaker - had the perfect blueprint to once again get plenty of bang for his buck.

The plan would be to manipulate the place pools of the NSW tote and UNITAB by having calculated amounts on the three dogs which he gave no chance.

This would dramatically reduce their place price and as a result, inflate the price of the two dogs he thought would fight out the finish.

From there he would back both dogs with four corporate bookmakers who offer "middle tote", paying the middle dividend of the three totaliser pools in Australia.

With the accounts loaded, the bets on Stack 'Em Flat and Echelon were placed at 4.02pm, exactly two minutes before jump-time so that the bookies would not be alerted to the sting.

Just before the bunny rolled in to action, the button was pressed to place the bets on the three other dogs and the stage was set.

The result couldn't have been any better, Stack 'Em Flat won by just over a metre from Echelon, with their rivals 13 metres away in third.

In Victoria, Stack 'Em Flat's official winning dividend was $2.00 while Echelon started $1.80 favourite.

But the perfect ending wasn't to be with the bookies smelling a sting.

With the Lucy's Light sting still fresh in the minds, safe guards were established in the terms and conditions of bookmakers to prevent liability of paying out bets that are results of tote manipulation.

"I am just very disappointed in the corporates (bookmakers), they want to take your money and if the dog gets beat or breaks down they would be happily taking my money," the punter said.

"We invested $20,000 hoping to win about $120,000, clear that figure at least.

"We've won, but not too much about, $20,000 or something."

Sportingbet bet originally paid the full amount of $66,000 but reduced the pay-out to $30,000, Centrebet returned $16,000, Betchoice $8,000 and Betstar suspended the bets. Tabcorp have previously raised integrity concerns with corporate bookies offering tote products as they believe it carries the risk of tote manipulation.
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TeeDee
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2012-Jan-25, 01:30 PM

I often back favored dogs in 2 place div field 50x150 I wish I had have been punting on this race at the time
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ledgerr77
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2012-Jan-25, 04:15 PM

chin Rodent makes a good point.....if i have to hear Richiie C or Bruce C...rave on about a corporate bookie ...as for Get On .....get me a bucket more like it !! I'll take the TAB any day  beer
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Jeunes
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2012-Jan-25, 04:44 PM

Another court case win for the punter hopefully. If he lost, the bookies would be smiling but that is low not to pay him as there is still a risk factor involved. I wonder how long it was before his account was cancelled?
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VoRogue
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2012-Jan-25, 04:49 PM

It would have been cancelled the moment the money was credited to his account, he wont be able to open an account with any corporate...in his name anyway. A change of bowler from the southern end, bowling wrong'uns 
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ratsack
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2012-Jan-25, 08:57 PM

Corporate bookmakers are the scurge of the industry.

I applaud anyone who can get an earn from them.

They run by their own rules and refuse to pay for their right to field.
They refuse to bet anyone they choose, which ensures their combined $100s million  profits.

The Federal Govt must hang their heads in shame for allowing NT to steal money from all the other states  Thumb Down

Having said that, the states sealed their own fate with backward thinking.

If this race fields legislation does not go through, racing is GONE!!!


i thought you ownly punted with BETFAIR
chin
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jfc
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2012-Jan-26, 07:05 AM

Punter pulls off great greyhound sting but is denied cash

Brent Zerafa
c/ Daily Telegraph

http://www.dailytelegraph.com.au/sport/superracing/punter-pulls-off-great-greyhound-sting-but-is-denied-cash/story-fn67rc85-1226252805641


"We invested $20,000 hoping to win about $120,000, clear that figure at least.

"We've won, but not too much about, $20,000 or something."

Sportingbet bet originally paid the full amount of $66,000 but reduced the pay-out to $30,000, Centrebet returned $16,000, Betchoice $8,000 and Betstar suspended the bets.


Betfair rubbish figures can actually help us determine how many light years away Professor Fletcher's disclosures are.

Betfair underreported the NSW Place Pool by over 10 gorillas. Suggesting the perps lost around that there.

And it looks like they lost ~$8,000 with TattsBet.

They needed to stake ~$20,000 with the Corporates to win that $150,000.

Which magically decayed by $30,000 by the end of the article.

Anyway the claimed "investment" of:

$20,000

Actually was closer to:

$38,000

Don't hold your breath waiting for a media correction.






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Dark Target
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2012-Jan-27, 01:06 PM

What happened to all the other punters that backed them?
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jfc
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2012-Jan-27, 04:27 PM

No one appears to have mentioned the actual payouts by the Corporates.

The Sportingbet figures suggest something like 1/2 of gross manipulated odds. As do most of the others.

Something like $4.

Now these happen to be extravagantly generous place odds for sure things.



Presumably they had to declare the same reduced dividend for both perps and innocents.
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