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Bill Vlahos - Psychology of Punting - Racing Talk - Racehorse TALK

Author Topic: Bill Vlahos - Psychology of Punting  (Read 125971 times)

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Offline The Baker

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« 2013-Dec-11, 12:36 PM Reply #50 »
Seems like Billy ran into one to many spider webs. The little spider that bit "Jimmy" might have been the last straw for Billy, when it was rendered virtually worth nothing. Very hard to keep up the fašade after that.

Rick Jamieson must be filthy after thinking he was going to get $5 Million, now it looks like he will get nothing. There was so much irony in that photo of Billy and Rick, all smiles at the sales.

Offline VoRogue

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« 2013-Dec-11, 01:11 PM Reply #51 »
So the coppers are punting hundreds of thousands of k's into syndicates/punters clubs, and even moonlighting/bowling for Mr. Fletcher, i doubt a coppers wages would amount to the amounts of money being bandied about, no law against coppers having a bet, but this is the big league, not some little police force punters club  :chin:

Offline Knuckle

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« 2013-Dec-11, 03:10 PM Reply #52 »
Seems like Billy ran into one to many spider webs. The little spider that bit "Jimmy" might have been the last straw for Billy, when it was rendered virtually worth nothing. Very hard to keep up the fašade after that.

Wasn't there some issues with the scans of "jimmy" at the sales? I remember them questioning Mr Vlahos about it and he replied that it was no big deal?
They never said what it was however.

Offline ianb

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« 2013-Dec-11, 05:55 PM Reply #53 »
Are there or have there ever been "syndicates" that have been successful?
We've seen a heap start up with all guns blazing,then drift off into the sunset, with trainers being owed fees and owners left with nothing but disappointment.

Shelly Hancox has been going for more than 20 years - but I don't know too many others

Offline sobig

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« 2013-Dec-11, 06:04 PM Reply #54 »
Shelly Hancox has been going for more than 20 years - but I don't know too many others

Love her or hate her but Denise Martin is another who has been going for a fair time.

Offline wily ole dog

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« 2013-Dec-11, 06:07 PM Reply #55 »
Don't know why anyone would hate her. What a great success story she has been :clap2:

Offline Bubbasmith

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« 2013-Dec-11, 08:20 PM Reply #56 »
No doubt D.Martin and S. Hancox have made a success of syndicating horses , but that does not mean those that join their syndicates are in front.

Offline ratsack

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« 2013-Dec-11, 08:31 PM Reply #57 »
at least four people are infront  :chin:

Offline Knuckle

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« 2013-Dec-11, 09:24 PM Reply #58 »
Statistics are that only about 16% of all horses that race actually pay their way, not to mention that about 40% of thoroughbreds don't even make it to the track or break down soon after. Therefore, pretty much all horse racing is not successful.

Anyway , back on topic found this article interesting. Mr Vlahos looked to borrow hundreds of millions of dollars prior to the collapse. Also blamed big mouths for the crumbling of his punting club. there is 1 rule about punting club, YOU DON"T TALK ABOUT PUNTING CLUB!!!!!!! ha hahah ha
 :no:   :lol:   :bleh:

Clown

http://www.brisbanetimes.com.au/victoria/racing-identity-bill-vlahos-emails-reveal-fear-of-attack-and-warn-of-club-collapse-20131211-2z6fy.html

Offline ledgerr77

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« 2013-Dec-12, 08:59 AM Reply #59 »
I want this to be over........imagine living with this guy...the wife must have been thinking when is this one going to blow up....must have had an erratic start...apparently living in Yarraville  8 years ago.....must be some people saying I knew Bill would self implode....trouble is he's cruelled thousands with him...parents will be snipping their kids just to get thru xmas....its meant to work the other way  :tears:

Offline triple7

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« 2013-Dec-12, 09:09 AM Reply #60 »
Seems like Billy ran into one to many spider webs. The little spider that bit "Jimmy" might have been the last straw for Billy, when it was rendered virtually worth nothing. Very hard to keep up the fašade after that.

Rick Jamieson must be filthy after thinking he was going to get $5 Million, now it looks like he will get nothing. There was so much irony in that photo of Billy and Rick, all smiles at the sales.

Rick Jamieson has been paid by Inglis, as has everyone else. Each auction house must pay all vendors 42 days after the sale.

Any extended credit or default is Ingis's problem, not Jamieson's. Which in part is why Inglis and MM's have moved in this week and picked up numerous horses, many of who are yet to be paid for (at all or in full). Inglis I believe picked up 8 or 9 horses last Monday.

Online Shogun Lodge

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« 2013-Dec-12, 10:03 AM Reply #61 »
What about Jimmy...who the hell "owns" him now?
And who would be making medical decisions.?..what a cock up.

Offline triple7

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« 2013-Dec-12, 11:31 AM Reply #62 »
So the laptop, toggle and paperwork files all crucial to the punters club case were destroyed when Bill Vlahos car was set alight last Sunday night.

How very convenient.....

Offline betupbob

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« 2013-Dec-12, 12:12 PM Reply #63 »
could it be someone tried to( top) , jimmy, for the insurance money. i would hope not. BUT

Offline The Baker

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« 2013-Dec-12, 12:15 PM Reply #64 »
Triples

Thanks for that information, I wasn't sure what was the case. Well Rick can keep smiling. It will be interesting to see what Belle Couture will go for under the hammer if that eventuates.

Looks like an inside job with the assault and car burning. I wonder if Bill gave himself an uppercut, he sure deserved too  :shutup:

Offline triple7

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« 2013-Dec-12, 12:59 PM Reply #65 »
No problems mate.

Agree re B C. One really has to feel for those who have invested honestly into any of these horses, paid up in good faith and their investment is now likely to be burnt. Those who "invested" into the punting scheme invested into punting, those who invested into these horses actually paid for a share holding in something that did physically exist, a number of them are already runners and winners. I believe a fair chunk of "Jimmy" had already been paid for, by investors direct to BC3.

What a farce. Imagine fronting up with half a mil, being as proud as punch that you thought you had a 10% share of BC's half brother and you now own zero. Or those who have already been racing shares in runners at the track, and now potentially have nothing.

And BC3 were not classified as syndicators. No advertising, no prospectus. Another loop hole.

That's what will actually really burn the industry.

Offline Knuckle

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« 2013-Dec-12, 03:34 PM Reply #66 »
t: :sweat: :sweat: :sweat: :sweat: :sweat: :sweat: :sweat:

Offline vadim

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« 2013-Dec-12, 03:58 PM Reply #67 »
« Last Edit: 2013-Dec-12, 07:18 PM by vadim »

Offline ledgerr77

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« 2013-Dec-12, 04:00 PM Reply #68 »

 Where's the integrity ??? BC ??? Brilliant Con more like it...........what a joke rvl bleat on and on about...owners left high and dry no doubt

Offline triple7

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« 2013-Dec-12, 06:49 PM Reply #69 »
David Studdy, SC, for Mr Vlahos, said he would no longer be acting for Mr Vlahos.

The racing identity has also parted ways with his solicitors.

 :bye:

Offline First Four

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« 2013-Dec-12, 08:32 PM Reply #70 »
The whole thing is gripping reading and following for sure !

Offline Knuckle

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« 2013-Dec-12, 08:43 PM Reply #71 »
The whole thing is gripping reading and following for sure !

I can't believe how much money was involved and there is that many twists and turns If it was a movie you'd say what a load of horse poo poo.
But by gosh it's really happening.


Offline Knuckle

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« 2013-Dec-13, 08:37 AM Reply #72 »
Where's the integrity ??? BC ??? Brilliant Con more like it...........what a joke rvl bleat on and on about...owners left high and dry no doubt

Or does BC stand for Bill's Con?  :rant: :shutup: :mad: :sweat: :clap2:

Offline triple7

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« 2013-Dec-13, 12:05 PM Reply #73 »
Legal Opinion obtained on BC3 confirms they should have been licenced

Dean Watt
Dynamic Syndications

http://www.dynamicsyndications.com/news/Legal-Opinion-obtained-on-BC3-confirms-they-should-have-bee

It is unfortunate for the industry as a whole and specifically for investors; the BC3 business model was allowed to operate without regulatory intervention. There is little doubt that they were required to hold an ASIC licence and comply with ASIC guidelines either under a Full Managed Investment Scheme License (for promotions greater than $250,000) or by way of relief under the Class Order (by lodging a PDS for promotions under $250,000).

Had that taken place, investors funds would have been required at law to be deposited into a trust account and those funds must remain in trust on the investors behalf until the horse is either registered with the racing authority into the names of the investors or the promotion does not proceed, where under that circumstance, the funds must be returned to the investors in full, within 10 days of the promotion no longer proceeding.

Further, licenced syndicators are required to have their trust accounts audited annually and lead regulators are also permitted to do spot checks upon promoters, reviewing clients funds deposited into the trust accounts throughout the term of the promotion.

Offline Authorized

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« 2013-Dec-13, 12:08 PM Reply #74 »
Is OTI licensed ?


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