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7.30 Report punting with other peoples money. - Racing Talk - Racehorse TALK

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Offline Arsenal

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O.P. « 2020-Jul-09, 07:02 PM »
Sports betting agencies accused of turning a blind eye to spiralling losses of problem gamblers
Posted Wed 8 Jul 2020, 8:33pm
Updated Thu 9 Jul 2020, 10:58am
Expires: Thursday 5 June 4758 8:33pm
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A financial planner lost millions on sports betting, all while the major agencies turned a blind eye to his spiralling losses. 7.30 can reveal the tactics used to target big spenders, even when they've been turned down by competitors, unable to prove the money they're gambling with is theirs.

Read the statement from BetEasy here.

Read the statement from Tabcorp here.

Ladbrokes declined to comment.

https://www.abc.net.au/7.30/sports-betting-agencies-accused-of-turning-a-blind/12436788

Click on the link for the transcript .......a little like the Peter Huxley story.


Giddy Up :beer:


Offline arthur

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« 2020-Jul-09, 08:34 PM Reply #1 »
He obviously wasn't betting with '365' the day before . .



But seriously how can you lose $8 mill of other people's money, shed crocodile tears, and try to blame the corps for letting you on . .

Offline Gintara

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« 2020-Jul-09, 09:04 PM Reply #2 »
Beteasy gave him $3mill in bonus bets  :o

 :wtf:

Offline arthur

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« 2020-Jul-09, 09:26 PM Reply #3 »
I have found that with a lot of TV 'scoops' if you actually know a bit about the topic being aired, much/ most of it is for 'public consumption'

Offline Wenona

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« 2020-Jul-19, 11:02 AM Reply #4 »
I'm starting rehab ..... Tomorrow  :o

Offline PoisonPen7

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« 2020-Jul-20, 03:13 PM Reply #5 »
I don't know if anyone watches Jeopardy on Fox Classics (I'm probably the only one in the world who does  :shy: ) but the current champ has been blitzing them for around 20 days now and has over $2 million in prizemoney.

They introduce him as a "Professional Sports Gambler from Las Vegas Nevada"

When Alex Tribec the host asked him the other day did he get his knowledge from school he told him he spent most of his school time playing online poker!!

Geez he is good. Very quick mind. Gets very few wrong.

Offline sobig

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« 2020-Jul-20, 04:07 PM Reply #6 »
Without spoiling the outcome PP there was a "tournament" between Ken Jennings , Brad Rutter and James Holzauer which we will see probably next year.


Offline PoisonPen7

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« 2020-Jul-20, 07:37 PM Reply #7 »
Without spoiling the outcome PP there was a "tournament" between Ken Jennings , Brad Rutter and James Holzauer which we will see probably next year.

That's him. James Holzauer.

So I'm watching episodes that are 100 years old   :lol:

I've found in the past I'll be following a champ and then suddenly they just disappear. That would explain it.

Thanks for not spoiling mate.

Offline sobig

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« 2020-Jul-20, 07:54 PM Reply #8 »
They are I think about 18 months or so old

Offline PoisonPen7

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« 2020-Jul-21, 06:42 PM Reply #9 »
Geez he nearly got knocked over in the latest one sobig. Episode 184.

If the other guy would have risked more on the final question he would have won - they both got it right.

I knew the answer too  :)

Q: The author to the lyrics of this Duke Ellington song originally wrote them down as directions to get to somewhere.

Offline sobig

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« 2020-Jul-21, 07:10 PM Reply #10 »
Yeah. It astonishes me how often players bet small amounts on doubles when they are in the position where a large bet can give them a chance at winning.

Not so much since Holzhauer has been there but in general

Although the nerves up there would be telling


Offline Wenona

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« 2020-Jul-21, 11:32 PM Reply #11 »
I acknowledge that people get addicted to gambling ....... pokies in particular come to mind .... but in cases like this I have to wonder if the continuation of stealing to bet is more motivated by the 'I've got nothing else to lose' desire to win back the losses and not get caught rather than an addiction to gambling per se.

Offline PoisonPen7

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« 2020-Jul-22, 10:38 AM Reply #12 »
If you pause the report and look at some of the bets he was having it looks like a lot of short priced favourites.

There is one there for the Narrogin Greyhounds where he had $20,000 on a $1.25 shot and it got beat - ironically called Catastrophic Event.

There was only one subject in the story. To be on a salary of $130k and lose $8 million is fraud and not many people would have access to $8 million.

I agree with Wenona. If they were really serious about gambling problems they would ban poker machines.

How can you take government's seriously when they ban online poker because "gambling is evil" yet allow poker machines to exist?

Offline PoisonPen7

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« 2020-Jul-26, 10:40 PM Reply #13 »
Yeah. It astonishes me how often players bet small amounts on doubles when they are in the position where a large bet can give them a chance at winning.

Not so much since Holzhauer has been there but in general

Although the nerves up there would be telling

Alex Trebek Stage 4 pancreatic cancer sobig  :(

Offline Dave

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« 2020-Jul-27, 01:02 AM Reply #14 »
I have paid Cash for a new car or TV etc, I always paid cash and was never asked nor would I tell where the money came from, it was none of their damn business, Why should a bookie be any different?? Christ if I wanted to back a horse and the bookie wanted proof of where I got the money the race would be over by the time all the paper work was done, it is just an attempt to demonise Bookies and gamblers by people with no grasp of what Gambling even is, for a start Pokies/Lotto/Lottery etc is not gambling, gambling is where you actually have a chance of winning, with the aforementioned "gambling" activities the chances are so negligible as to not even exist.....that is like saying burning your money is gambling
For the sake of credibility they should separate the different forms of gambling and not lot them all in together
Second the one thing all Problem gamblers have in common is obvious .....they are ALL (100%) losers,
i,e, if 2 people do exactly the same thing, they spend all their money and time Gambling but one is a winner and the other is a loser....why aren't they both considered Problem gamblers?? because Losing is the problem, not gambling!!
People have used other peoples money for fast cars, wine women and song etc, since Adam wore short pants........but they are just crooks, the fast cars, wine women and song don't get blamed, do they?
The truth is, it isn't gambling that is their problem....their problem is that they are no good at it.....and they are too stupid to figure that out.....no doubt they have a problem and no doubt they need help and I would have no problem with the Gambling industry offering a helping hand.....but taking the blame for someone being lazy, greedy and stupid, calling a spade and spade cos that's what they all are.....for mine that is a stretch

Offline sobig

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« 2020-Jul-27, 01:44 PM Reply #15 »
PP
Alex Trebek has just survived 1 year since his diagnosis, joining only 18% who do.

He has just turned 80 but might have a bit left yet. Here's hoping.

Offline PoisonPen7

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« 2020-Jul-30, 09:39 AM Reply #16 »
PP
Alex Trebek has just survived 1 year since his diagnosis, joining only 18% who do.

He has just turned 80 but might have a bit left yet. Here's hoping.

He was interviewed last week on ABC (US) sobig and probably without makeup he looked a lot older than he does on TV. But very sprightly in the interview. He admitted he had a wig on because the chemo had made him lose his hair.

Holzhauer was knocked over by Emma the Librarian in S35E191 that I watched this morning. He needed $60,000 to break Jennings record but came up just short.

He must have been sick then because in the intro he thanked Holzhauer's 4yo daughter for the Get Well Soon card she sent him.

It is very humbling to watch these people - they are just so intelligent and the speed at which they can recall things is gobsmacking.

Watching Eddie Maguire on Who Wants To Be a Millionaire is boring compared to Jeopardy.

Offline fours

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« 2020-Jul-30, 09:52 AM Reply #17 »
PP7,

Recall of info is not necessarily  a good overall assessment of intelligence.

Particularly if the game show tells you their reference sources are limited to.....

Fours

Offline sobig

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« 2020-Jul-30, 02:51 PM Reply #18 »
Was slightly disappointed PP with the last show because I knew he did not break Jennings record and so the suspense was not there for me.

I really enjoy the show and the 32 games with Holzhauer have been excellent.

Offline PoisonPen7

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« 2020-Jul-30, 03:12 PM Reply #19 »
Was slightly disappointed PP with the last show because I knew he did not break Jennings record and so the suspense was not there for me.

I really enjoy the show and the 32 games with Holzhauer have been excellent.

How good was the Librarian! She doubled down the lot on one Jeopardy card and coming into the last question she had $26,600 to his $23,400.

If he had doubled up he would have had $46,400 so she risked $20,201 to make sure and she got it. As it was he didn't double down.

Looking forward to seeing how she goes. Great quiz game!

Offline PoisonPen7

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« 2020-Jul-30, 11:11 PM Reply #20 »

Offline sobig

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« 2020-Jul-31, 02:59 PM Reply #21 »
  emthup

Offline PoisonPen7

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« 2020-Aug-12, 02:44 AM Reply #22 »
SNL very clever with game show parodies



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