Ante-Post Betting on Horse Racing: A Guide

Ante-post betting on horse racing is a popular way for punters to wager on races well in advance of the event day. It offers the opportunity to secure better odds than would be available on the day of the race but comes with a unique set of risks and rewards. This article will explore what ante-post betting is, how it works, and some tips for making the most of this exciting form of wagering.

What is Ante-Post Betting?

Ante-post betting refers to placing a bet on a future event, typically weeks or even months before it takes place. In horse racing, this often involves betting on major races like the Grand National, the Cheltenham Gold Cup, or the Derby, long before the final field of runners is confirmed. Odds for these events are usually more favorable at the ante-post stage, as bookmakers are offering prices on horses with uncertainties surrounding their participation, form, or fitness. 

How Does Ante-Post Betting Work?

When you place an ante-post bet, you are betting on a horse to run in a specific race at the price quoted at the time of your wager. The key factor to remember is that ante-post bets are "all-in," meaning if your horse doesn’t run, you lose your stake—there is no refund for non-runners. This is the primary risk associated with this type of betting, as injuries, changes in the horse’s training schedule, or decisions from the owner or trainer can all lead to a horse being withdrawn from the race.

However, the potential reward comes in the form of more generous odds. Bookmakers often offer longer odds on horses at the ante-post stage compared to what they will be closer to race day. If you can predict a horse’s success months in advance, you might secure a substantial price that wouldn’t be available once the race approaches and the horse’s chances become clearer.

Key Tips for Ante-Post Betting:

Study the Form It’s essential to do your homework when it comes to ante-post betting. Follow the horse’s form, the trainer’s patterns, and any relevant trends in major races. Horses with solid form lines in key prep races often attract early money in the ante-post market. 

Look for Value:

One of the main attractions of ante-post betting is finding value in the odds. A horse that you believe will peak on the day of the race might be offered at a long price in advance, and this is where savvy punters can find an edge. 

Monitor Trainer and Jockey Comments:

Keep an eye on news reports, interviews, and quotes from trainers and jockeys. They may give hints about a horse’s intended target race, its condition, or its chances of lining up. While not always reliable, these insights can influence your betting decisions. 

Understand the Risks:

As mentioned earlier, one of the major risks of ante-post betting is that your horse may not run. Injuries, unsuitable conditions, or changes in plans can all result in a non-runner, and you’ll lose your stake. Be prepared to accept this risk before placing a bet.

Each-Way Betting:

Consider each-way ante-post bets, particularly for larger races with competitive fields. This gives you a chance to win part of your bet even if your horse doesn’t finish first but places in the top three or four, depending on the bookmaker’s terms. 

Conclusion:

Ante-post betting on horse racing can be a thrilling and potentially profitable way to engage with the sport, particularly if you’re willing to take on the associated risks. With careful research, patience, and a bit of luck, you can secure valuable odds well ahead of race day. However, as with any form of gambling, it’s essential to bet responsibly and only wager what you can afford to lose.

Photo: JC 

How Does a Bookmaker or Turf Accountant Balance their Book on a Race

Bookmakers, also known as turf accountants, aim to balance their books on a race to minimize their risk and ensure a profit margin regardless of the race's outcome. The process involves adjusting the odds and the amount of money wagered on each possible outcome so that the bookmaker's liabilities are spread evenly. Here's how bookmakers achieve this balance:

Initial Odds Setting:

Bookmakers start by setting initial odds for each horse or participant in a race. These odds are determined based on a combination of factors, including the perceived abilities of the participants, historical performance, and public opinion.

Monitoring Betting Patterns:

Bookmakers closely monitor betting patterns as wagers are placed. If a significant amount of money is being placed on a particular participant, the bookmaker may adjust the odds for that participant to attract bets on other options...... 

Odds Adjustment:

Bookmakers adjust the odds dynamically as betting progresses. If a lot of money is being placed on one participant, the odds for that participant will be shortened to make it less attractive to bettors. Conversely, the odds for other participants will be lengthened to attract more bets. 

Spread of Liability:

The goal is to spread the bookmaker's liability across all possible outcomes. By adjusting the odds, the bookmaker aims to ensure that, regardless of the race's outcome, they will have taken in more money in total bets than they will have to pay out in winnings.

Balancing the Books:

A well-balanced book means that the bookmaker has laid off enough money on each possible outcome so that, regardless of the result, they make a profit. This is achieved by adjusting the odds and encouraging bets on the less popular options.

Risk Management:

Bookmakers employ risk management strategies to limit their exposure. This may involve limiting the maximum bet a customer can place or using technology and algorithms to detect and manage unusual betting patterns that may indicate insider information or manipulation....

Reacting to Late Bets:

As the race approaches and more information becomes available (e.g., late injuries, changes in track conditions), bookmakers may further adjust the odds to reflect the latest developments and to balance their books.

Building in a Margin:

Bookmakers also factor in a margin to ensure they make a profit. The odds offered by a bookmaker will typically be slightly less favorable than the true probabilities of the outcomes, ensuring the bookmaker makes money over the long run.

In essence, bookmakers use a combination of adjusting odds, monitoring betting patterns, and managing risk to ensure that they create a balanced book. This approach allows them to minimize their exposure to potential losses while maintaining a profitable business model.

Photo: J. Coote (2023) 

Betting Industry Expert: Who Is Matthew Trenhaile?

Who is Matthew Trenhaile?

This week’s @StarSports_Bet #BettingPeople interview is with Matthew Trenhaile who describes himself as a ‘Betting Industry nerd’ which translates to he knows the industry inside out, from punting, laying and spread angles. https://t.co/1yW7i27Q1e

— SimonNott (@SimonNott) January 17, 2022

I always love a good YouTube video and the betting industry offers a mix of individuals from those with true wisdom to chancers who really have little to offer as far a true insight and  intellect go.

Introducing Matthew Trenhaile, who was interviewed by Star Sports Bet TV in this four-part series and illuminating conversation. He really offers a great perspective compared to the conventional punter approach which can often feel quite limited. 

Part 1 - 

Trenhaile has 20-years experience within the betting industry. First starting within the spread betting sector, golf and rugby, before working in the city as a risk manager in currency markets. In addition, he worked for betting syndicate.

One of the most respected opinions in the betting industry. Trenhaile describes himself as a 'Betting Industry Nerd'. In this video he talks about working with Mustard Systems (a golf betting syndicate), spread betting, tissue pricing and appreciating information within the game.

 

Part 2 - 

Talks frankly about working in the city and a change of career based on personal reasons, how investors were placed in book A or B and hedging on the cheap. Insight regarding risk management with reference to boomakers and his thoughts on liabilities and closing accounts when a sharp punter bets.

 

Part 3 -

Matthew why a betting syndicate often starts with three opinions, what inside information can mean depending on the sport/market, and how to understand markets. Insight about how bookmakers assess punter performance and restricted accounts, and details how things are not always as they seem from winning punters keeping accounts to some punters being stopped after one winning bet.

Part 4 -

Here Trenhaile (Trent to his friends) details the sharp money on the exchanges, Commission Agents and ''dark pools''. Insight about his own betting, and how some betting on the exchanges get burned out. Makes reference to Harry Findlay in the good, old days finding value betting odds-on and how that has changed.

Comments include: 

Richard Walsh: ''Superb stuff, could listen to Matthew all day. Please tell him to come back doing podcasts.''

Lee Horton: ''This bloke definitely knows his stuff, well part from thinking Harry Findlay was a genius...lol. Really enjoyed it.''

M.F. Oi: ''This is content for anyone who likes gambling. Thanks for making all these videos.''

Jay Rocc: ''This is my favourite of all the people you've interviewed. Could listen to that chap for hours.''

Eric Campbell: ''Great interview. Superb knowledge.''

Steve Buxton: ''As sharp as a blade.''

#BettingPeople 

Source: Star Sports 

Additional: Podcast 

How To Win At Roulette 101

Roulette is a classic casino game that has been enjoyed by millions of people for generations. The objective of the game is simple: to correctly predict where the ball will land on the spinning wheel. Although the game is based largely on luck, there are a few strategies and tips that can help you increase your chances of winning.

The first step to winning at roulette is to understand the odds. The American version of roulette has 38 numbers on the wheel, including 0 and 00, while the European version has 37 numbers, with just a single 0. Knowing the odds can help you make informed betting decisions and reduce your risk of losing.

One popular strategy for increasing your chances of winning is called the Martingale system. This strategy involves doubling your bet after every loss, in an attempt to recoup your losses and eventually come out ahead. While this strategy can be effective in the short term, it also has a high risk of resulting in a significant loss if you have a streak of bad luck.

Another strategy that is often used by experienced players is the Reverse Martingale system, also known as the Paroli system. This strategy involves increasing your bet after each win, rather than after each loss. The idea is to take advantage of a winning streak and maximize your winnings while minimizing your risk of losing.

One of the most important things to keep in mind when playing roulette is to set a budget and stick to it. It's easy to get caught up in the excitement of the game and end up betting more than you can afford to lose. By setting a budget and sticking to it, you can ensure that you stay in control and minimize your risk of losing big.

Another important tip for winning at roulette is to avoid making single-number bets. These bets have the lowest odds of winning and the highest payouts, which makes them a risky option. Instead, consider making outside bets, such as betting on a range of numbers or on odd or even numbers. These bets have a higher probability of winning, and the payouts are generally lower, but the potential winnings can still be significant. Finally, it's important to choose a reputable casino that offers fair games and transparent rules. Look for casinos that are licensed and regulated by a reputable authority, and make sure to read the terms and conditions before you start playing. This will help you avoid any surprises and ensure that you are playing a fair game.

In conclusion, roulette is a fun and exciting game that can offer the chance to win big. While the game is largely based on luck, there are a few strategies and tips that can help you increase your chances of success. Whether you're a seasoned player or just starting out, it's important to understand the odds, set a budget, and choose a reputable casino. By following these tips and being mindful of your bets, you can maximize your chances of winning at roulette and have a great time while doing so.

Photo: Pixabay (free)

5 Steps to Master the Pokies: Becoming an Expert Player

Pokies, or slot machines, are a staple in the gaming world, offering a blend of luck, entertainment, and potential winnings. For many, they’re a casual pastime, but for those aiming to master the game, understanding the intricacies and strategies is essential. While pokies are inherently games of chance, there are ways to enhance your experience at https://www.wolfwinner.casino/en/online-pokies and maximize your chances of winning. Here are five key steps to becoming an expert player on the pokies.

1. Understand the Mechanics:

The first step to mastering the pokies is understanding how they work. Modern pokies use a Random Number Generator (RNG) to determine outcomes, ensuring that each spin is independent and random. Familiarize yourself with terms like paylines, reels, symbols, and bonus features. Knowing the mechanics helps you choose games that fit your preferences and play style.

Key Points: Paylines: Determine how many ways you can win on a machine. Reels: The vertical sections that spin and stop to show the outcome. Symbols: Different icons that align on the reels to create winning combinations. Bonus Features: Special game modes that can increase your winnings.

2. Choose the Right Machine:

Not all pokies are created equal. Some have higher Return to Player (RTP) percentages, which indicates the average amount of money a game returns to players over time. Look for machines with RTPs above 95% for better chances of winning. Additionally, consider the volatility of the game; high-volatility pokies offer bigger but less frequent payouts, while low-volatility games provide smaller, more frequent wins. 

Key Points:

RTP: Aim for games with RTP above 95%. Volatility: Choose based on your risk tolerance and bankroll.

3. Manage Your Bankroll Wisely:

Bankroll management is crucial for sustaining long-term play. Set a budget for each session and stick to it. Divide your bankroll into smaller portions and decide how much you’re willing to bet per spin. Avoid chasing losses by setting win and loss limits. This disciplined approach ensures you can enjoy playing without the stress of overspending. 

Key Points:

Budget: Set a clear budget for each session. Betting: Determine your bet size based on your total bankroll. Limits: Set both win and loss limits to manage your play effectively.

4. Take Advantage of Bonuses and Promotions:

Casinos offer various bonuses and promotions that can extend your playtime and boost your chances of winning. Free spins, deposit matches, and loyalty rewards are common incentives. Always read the terms and conditions to understand wagering requirements and other restrictions. Utilizing these offers can give you additional opportunities to play without risking more of your own money. 

Key Points:

Free Spins: Use them to explore games without using your funds. Deposit Matches: Boost your bankroll with casino-offered matches. Loyalty Rewards: Take advantage of ongoing promotions and rewards programs.

5. Practice and Patience:

Like any game, practice improves your skills and familiarity with the pokies. Many online casinos offer free versions of their pokies, allowing you to practice without financial risk. Use these opportunities to understand different games and develop your strategies. Patience is also key; not every session will be a winning one, and accepting this can help you enjoy the game more and avoid frustration. 

Key Points:

Free Play: Use demo versions to practice and learn. Strategy: Develop and refine your approach based on your experiences. Patience: Understand that losses are part of the game, and persistence pays off. 

Conclusion:

Mastering the pokies involves a mix of understanding game mechanics, choosing the right machines, managing your bankroll, leveraging bonuses, and practicing patience. While luck plays a significant role, these steps can enhance your overall experience and improve your chances of winning. Remember, the primary goal is entertainment, so play responsibly and enjoy the journey toward becoming an expert player on the pokies.

Photo: JC 2024

Who are the most well-known professional gamblers betting on horse racing in the last 20-years?

Identifying the most accomplished professional gamblers in horse racing over the past two decades is a challenging task, as the secretive nature of the gambling world often shields these individuals from public recognition. Nonetheless, a few prominent figures have managed to garner attention for their exceptional success and strategic acumen in betting on horse races.

Bill Benter: 

Widely regarded as one of the most successful professional gamblers in horse racing history, Bill Benter revolutionized the industry by developing sophisticated computer algorithms to analyze data and predict race outcomes. His innovative approach allowed him to consistently make significant profits and amass a fortune from horse race betting.

Alan Woods: 

Another legendary figure in horse race gambling, Alan Woods, alongside his partner, Bill Benter, used mathematical models and computer algorithms to gain a competitive edge. Their innovative strategies and deep understanding of horse racing markets helped them achieve remarkable success over the years.

Zeljko Ranogajec: 

An enigmatic Australian gambler, Zeljko Ranogajec, is known for his expertise in horse race betting as well as other forms of gambling. He reportedly employs a team of analysts and professionals to analyze data and exploit market inefficiencies, allowing him to consistently generate substantial profits.

Patrick Veitch: 

Renowned for his incredible skill in handicapping and identifying value bets, Patrick Veitch has become a respected name in professional horse race gambling. His deep knowledge of the sport, combined with meticulous research, has led to impressive returns over the years.

Barney Curley:

While primarily known for his involvement in betting coups, Barney Curley's strategic genius in orchestrating large-scale betting operations has earned him a place in the annals of professional gambling. His audacious exploits and ability to capitalize on favorable conditions have made him a legendary figure.

Tony Bloom: 

Besides being the chairman of Brighton & Hove Albion Football Club, Tony Bloom is an accomplished professional gambler with a focus on horse racing. He employs a data-driven approach, utilizing statistical analysis and algorithms to inform his betting decisions.

Billy Walters: 

Although more prominent in sports betting, Billy Walters' exceptional gambling acumen extends to horse racing as well. His reputation as a shrewd and successful gambler has earned him widespread recognition within the gambling community.

Dave Nevison: 

A British professional gambler known for his horse racing expertise, Dave Nevison has gained a reputation for his insightful race analysis and ability to spot undervalued bets. His regular contributions to various media outlets have further established his credibility.

Edgar "Buddy" Johnston: 

Renowned in horse racing circles, Buddy Johnston is known for his keen understanding of bloodlines and pedigrees. His focus on breeding and horse selection, coupled with astute betting strategies, has led to consistent success over the years.

James Quinn: 

An accomplished handicapper and author, James Quinn is recognized for his analytical approach to horse race betting. His books and articles have provided valuable insights into the intricacies of handicapping and identifying profitable wagers.

These professional gamblers have each left their mark on the world of horse race betting over the past two decades. Their innovative strategies, analytical prowess, and deep understanding of the intricacies of horse racing have allowed them to achieve remarkable success and earn their place as legends within the gambling community.

Photo: JC (All Rights Reserved) 

A Beginners Guide to Australia’s Caulfield Cup

As an English man who is in tune with UK thoroughbred horse racing, the Caulfield Cup is a race I have heard before but I’m very much a novice. So, this article is a perfect beginners guide to the Caulfield Cup.

It’s a race to savour for race fans across the globe.

The Caulfield Cup.

First off, make note of the date this race takes place: 21st October, 2023.

The Caulfield Cup is a Group 1 horse race which takes place at Caulfield Racecourse, Melbourne, Australia. It has a rich history dating back to its inauguration in 1879, won by a horse called Newminster. This handicap run on turf is for horses age three years and older over a distance of 1 mile four furlongs (2400 metres). With a race history spanning over 240 years, and prize money of $5,000,000 it’s no surprise to hear this is one of the most popular horse races in the southern hemisphere and holds global recognition. This race is held annually on the third Saturday in October, and the third and final day of the Caulfield Carnival. It’s worth noting horses may qualify for the Melbourne Cup via this contest, which is held some 16 days later at Flemington racecourse.

The Caulfield Cup is restricted to 18 runners (4 reserves) and punters and racing fans are eager to know the Caulfield Cup odds. Entrants are selected by prize money, wins and placings. The best-known horse racing track in Australia, it is called ‘The Heath’ by local racegoers. In fact, horse racing started at this venue back in 1859. The track has a triangular shaped layout and left-handed course. It has three straights with a total circumference of just over 2 kilometres. Caulfield has about 25 days racing each year and home of many significant races including the Caulfield Guineas, Blue Diamond Stakes, C F Orr Stakes, Oakleigh Plate, Underwood Stakes and Futurity Stakes.

Located some 9 kilometres from Melbourne Central Business Centre, it is easily accessible by tram (route 3) and takes about 35 minutes. Alternatively trains run from the city centre every 10 minutes. Handily, Caulfield Railway Station is less than 100 metres from the racecourse. The racecourse is located on the Frankston, Cranbourne and Pakenham lines.

A select number of just 7 horses have won the Caulfield Cup twice: Paris (1892, 1894), Hymettus (1898, 1901), Poseidon (1906.1907), Uncle Sam (1912, 1914), Whittier (1922, 1925), Rising Fast (1954, 1955) and Ming Dynasty (1977, 1980).

In fact the Caulfield Cup has seen 11 winners go on to win the prestigious Melbourne Cup in the same year. The most recent being Ethereal (2001) trained by Sheila Laxon. Other champions achieving the Caulfield-Melbourne double include Poseidon (1906), The Trump (1937), Fast Rising (1954), Even Stevens (1963), Gallilee (1966), Gunner’s Lane (1982), Let’s Elope (1991), Doriemus (1995) & Might And Power (1997).

Bart Cummings has trained the winner of 7 Caulfield Cups.

UK readers may remember Lady Herries trained the winner of the 2008 Caulfield Cup with Taufan’s Melody. In fact, only 6 horses have won this race outside of Australia and New Zealand since 1998. Others include: All The Good (2008) and Best Solution (2018) for Saeed bin Suroor for Godolphin, Dunaden (2012) for French trainer Mikel Delzangles, Admire Rakti (2014) for Japanese trainer Tomoyuki Umeda and Mer De Glace (2019) for fellow compatriot Hisashi Shimizu.

In 2022, Durston won the Caulfield Cup for trainer Chris Waller, ridden by Michael Dee.... Race fans from around the world will be anticipating this year’s Caulfield Cup with dreams of heading to the Melbourne Cup.

Good luck to all.

Photo: Canva (free) 

Becoming a Professional Gambler

I found this article on Slipperytoad website, originally published by Punt.Com blog, and it makes fascinating if not a little pessimistic reading.

Forums, blogs, bookies and betting websites are full of people dreaming of becoming professional gamblers. Being your own boss, working when you feel like it, playing online pokies australia, with the hope making loads of money and watching sports for a living is certainly appealing to most people. Let this post (and the rest of this blog) be a reality check.

I see a lot of people giving up jobs to do this after a short time trading. They think it’s easy and straight forward, they think it will last forever… They haven’t thought it through.


I’ve been a professional gambler now for over 3 1/2 years. Before that, I gambled for 2 years before I took the decision to do it. It was the biggest decision of my life, certainly not one I took lightly. Giving up a guaranteed income and job prospects to gamble with my own money was extremely risky, to say the least.

When you give up your job, you’re not only going to be risking your money gambling but your entire future job prospects. Let me tell you, gamblers are not viewed in the same way as someone who works in a normal job. For example, what would you think about pokies online real money australia online blackjack. Compare the reaction you get when you tell someone you are a gambler to when you tell them you work in a bank. Even if you compare it to being a “day trader”, the reaction is a mixture of contempt, fascination and disbelief.

Most people will flatly not believe you. Gamblers are the vagrants of society. The losers that hang around bookies, wasting their family income on an addiction. No one believes it is possible to win, and if you have – it’s just luck. Like it or not, this is how you will be viewed. Some will feel sorry for you, others will not give you the time of day. You are going to be one of society’s outsiders.

Family relationships can be strained and tested. It takes a lot of understanding from family and friends and this can weigh on your mind whilst you are gambling. Stable family life is important, it spills over into your work – few jobs are affected as much by this. You need stability and space to work well. And vice versa, a bad day at the office should not affect the way you treat those closest to you, can you really say that you won’t be in a terrible mood when you lose £xxxxx on some tennis player that gave up?

Your financial future is now uncertain. You are no longer contributing to society, you are not paying tax – an advantage to the gambler sure, but it doesn’t improve your self-esteem and further enhances the feeling of being an outsider.

Try to borrow money from the bank? It’s easier said than done. This is why you need to try to secure your future financially as far in advance as you can before you make it your sole income

What about future job prospects? If you need to work again, do you really think future employers are going to be happy with you spending a year or two gambling for a living when they read your cv?

How much have you won before you turn pro? It’s hardly ever enough. You need to make many times your current income before you do it. Make sure you have savings that are stashed away, preferably making you a reasonable amount of interest. I might have turned professional a year before I did, but I had to make sure I was safe financially before I did so. Not only for my livelihood but so that I could work confidently and without pressure. You cannot perform in this game if you are too worried about losing your hard earned cash. Pressure on your profit and loss is deadly.

What about when you do take the plunge, your day to day life is going to change dramatically in ways you may not have imagined. Interaction with other people becomes scarce. You will be spending long periods of time alone, clicking away staring at a screen all day. The temptation to live up to the stereotype is obvious. Why bother making an effort when you can get up, do some work and go back to bed again.. Discipline. Working alone throws up serious challenges. Your health and fitness can suffer drastically. The way you interact with other people can take a tumble. Prepare for this in advance.

It’s not all excitement and glamour. It can be downright boring doing the same things day in day out. Boredom for some gamblers can be their most dangerous adversary. You can end up working on things you don’t need to be. Betting too much and over trading for the sake of it.

Gambling certainly doesn’t owe you a living. A normal job pays you for turning up, no one’s going to do that here – they are going to try to take money off you for turning up. It’s you against a world of other people, all of whom have opinions, some of them most definitely better informed than you. Just how professional are you when it comes to the crunch, are you certain you are at the top of the tree? How consistent is your performance going to be to combat everyone else and stay ahead of the game. There are some brilliant brains out there trying to beat you at every turn – be wise to the available strategies and the people you are up against and give them respect – it’s your money and therefore livelihood they are after.

There are very few real professional gamblers, the reasons above outline why. It’s incredibly tough to do. You are going to be tested mentally every day and you will need to guard against developing bad psychological habits. There are reasons why gambling can cause problems for most people. There is a fine line between problem gambling, pathological gambling and professional gambling. Many professionals develop problems, be aware of the risks. Here’s a site about different types of gamblers. It suggests there are fewer than 50 gamblers in the US that make over $100,000 a year. With all the negative problems you can face as a professional gambler, you better make sure you are being compensated. Ask yourself what a fair amount is for enduring these problems if you aren’t already making that then is it really worthwhile.

Think about your life situation and your family life. You are risking your money and theirs. I was fortunate when I began that I was young, single and in a job that didn’t pay that much and I was able to spend as much time as I liked pursuing it, without overheads and relationship damaging consequences. It’s extraordinary time consuming, to begin with, especially as you are going to have to work hard to increase from little to a sum of money suitable to work from. Don’t underestimate the time this takes, and the time you will be spending away from family chasing something that might not even work out.

I know this post is quite pessimistic. I think it’s supposed to be. I’ve heard it said before that professional gamblers are pessimists, I’m not sure I agree completely, but in this post, I certainly think it’s a good idea to be. No matter how much you think you are ready, wait a while longer. Wait until you are sure you aren’t just lucky, then wait some more… Know why you aren’t plain lucky, and be big enough to admit defeat if you have been.

Photo: Pixabay free for commercial use and no attribution but given 

**KNOW THE BEST HORSES IN TRAINING (BEFORE THEY RACE!)**

Professional Gambler & Bookmaker: Freddie Williams

It's November 2005. The location: Cheltenham racecourse. It's about an hour before the first race - the opening day of the Paddy Power Gold Cup meeting. 

Under a grey sky, with steadily dropping temperatures, the crowd gathers. In the betting circle bookies are pitching. 

Barry Dennis shouts prices back and forth. Gregory and John Hughes watch the crowd. Andy Smith and John Christie await the first bets of the day. Mickey 'The Asparagus Kid' Fletcher, his face like a 'Wanted' poster, scowls from the sidelines. But Scotsman Freddie Williams, a famed drama actor, hasn't yet arrived.

''please share this great story with our media buttons''

Miniature in stature he may be, he's known as the biggest bookmaker at Prestbury Park.

Freddie delays his entrance, sitting comfortably in his Jaguar a hundred yards away in the members' car park. His daughter Julie, and other members of his on-course team are already in place on the pitch. I bet he was never tempted by pokies online or any other slots for that matter. Freddie, the softly spoken boss, confers with them by phone, always monitoring the early activity and estimating the moves of the day. At the Cheltenham Festival in March 1999, JP McManus - a feared pro gambler of racing legend - has a colossal £100,000 each way at 7/1 on his own horse in the Pertempts Hurdle Final. This wasn't some transaction by chance. It was a very deliberate, planned, almost hand-to-hand combat in the heat and gun-smoke of the Festival. Shannon Gale, trained by Christy Roche, finished fourth and JP collected £175,000 from the each-way part of his wager. If he had finished first, Freddie Williams would have had a payout in the ballpark of the £900,000. To clearly understand what makes him such an accomplished man we need to take a look at his whole life. What makes his story so interesting is not just his enthusiastic embrace of customary betting and his detest for the cautious, corporate approach of the big betting-shop chains but also credit that this is a man came from a modest beginning and earned the right to be a player on the greatest racing stage of them all.

Freddie was born in 1942 in Cumnock, East Ayrshire. His father was a miner, like his father before him. Freddie, like the rest of his male relations and colleagues, would have gone down the pit himself had he not failed the medical exam at the age of 15. Instead he became a mining engineer. He wasn't interested in betting for fun although many a punter has been tempted to visit gambling360 online casino to see what all the fuss is about. Unlike the Williams family I really should have considered the probability of winning and losing. After a few years Freddie went to work for a soft drink company. Everyone knew bet in those days, and the backbone of gambling in the mining communities was 'pitch and toss'. Horse racing, especially jump racing, was exerting a far greater allure.

I was lucky to earn a pound a week at the time. I kept my money in a tin box. There were illegal betting offices all around Ayrshire and I put every dime I could on Pas Seul. He made it to the last stretch but then he fell.' Williams laughs sorrowfully at the memory. 'Kerstin stayed on to win the race.

Pas Seul made no mistake the next year, though.' Freddie's was not alone in his love of a punt.In fact it was shared by his workmates at Currys.

He bought his first bookmaking pitch at Ayr in 1974, followed by one in Hamilton and one in Musselburgh. He would go on to own seven betting offices. After Currys was bought out again in 1991, Freddie, already worth over a million, started his own bottled-water business called Caledonian Clear.

Some of competitors like to say that it must be very nice to try bookmaking when you have another job paying your bills.However, Freddie emphatically denies racing job is some sort of sideline. 'Bookmaking is my livelihood and my passion in life.' Freddie has said.

The enthusiasm and nerve Freddie brings to his job is something the Southerners had not witnessed for themselves until the massively overdue reforms that allowed racecourse pitches to be bought and sold at public auction in the late 1990s. The old-fashioned system of Dead Man's Shoes, the bookmaking pitches were restricted to successive generations of the same family, was a sort of Masonic protection swindle that shut out new money and new faces from the ring.

The Scotsman got an early start on 1st January 1999 and again in March. It didn't take McManus to seek him out. As well as conflicting Shannon Gale, the bookmaker also accepted Nick Dundee. Dundee was the Irish banker of the week. The young novice ran in the colours of McManus' close friends John and Sue Magnier. But Freddie didn't fancy Nick Dundee. 'I was going 11/8, One gentleman wanted £80,000 on, and I laid it to him, but I didn't take down the price. He looked at me for a moment then asked for the bet again. So I laid him another £110,000 to £80,000, but I still not taking down the price.'

It was a close-run race. Then it happened Nick Dundee's legs buckled landing over the third last fence. Plus, presumably, the sound of one Scottish heart beating faster. Freddie was not always so lucky.

Although the bookie and punter seem to be natural enemies, they also tend to respect each other alot. 'We're friends,' says Williams sincerely. 'John was in business as a bookmaker for 15 years. He had a good bet on Dawn Run when she won the Gold Cup in 1986 and that helped him to change his life. However, he told me that if she'd lost, he'd have been skint the following week.'

Freddie admits, 'Festival trading is totally draining, which is why I stay in a nice, quiet hotel. When you get back, all you want to do is eat and sleep. I'm afraid I'm well behind in the entertainment stakes.'

There was plenty of entertainment on November '04, though: The Rising Moon, running in the McManus colours, was the medium of a £100,000 plunge at 3/1. Half an hour later, JP's Spot The Difference won the Sporting Index cross-country chase. Someone stuck on £28,000 at 7/1 for a payout of nearly two hundred grand.

-----------------------------------------------------------------------------------------------------------

Frederick Sidney Williams, soft-drink manufacturer and bookmaker: born Cumnock, Ayrshire 28 October 1942; married Sheila Edwards (two daughters; marriage dissolved 2006); died Cumnock 21 June 2008

--------------------------------------------------------------------------------------------------------------------------------

Freddie Williams: Bookmaker of amazing boldness by Tony Smurthwaite, The Independent 


Freddie Williams was the buccaneering bookmaker who left onlookers amazed by an incredible boldness that, at the end of one remarkable day at the races, had cost him £1m. He attained celebrity status as the immovable object that met the irresistible force of J.P. McManus, the singularly audacious punter whose huge wagers during the Cheltenham National Hunt Festival each March are one of horse-racing's constants.


Their personal conflict might have bankrupted lesser players, yet relations were always cordial amid McManus's six-figure investments. Such Corinthian spirit, made easier by each man's wealth, captivated many who followed the betting moves at the leading racing and greyhound meetings, and made Williams a hugely popular and high-profile bookmaker.

Williams's most bruising encounter with McManus came on a day he would never forget, as it was to end in terror. It began at the Cheltenham Festival on 16 March 2006. McManus had struck a £100,000 bet to win £600,000 on Reveillez, who won, then followed up with £5,000 each way on Kadoun, another of his horses, at 50-1. When Kadoun won, in the last race of the day, Williams owed McManus more than £1m. As if that were that not bad enough, on driving away from the course in his Jaguar with his daughter Julie and her boyfriend, Andrew, Williams was ambushed by an armed gang. Though the three escaped physically unscathed, the ordeal shook them badly. The assailants were said to have made off with £70,000.

It had long been Williams's ambition to be a bookmaker at Cheltenham. Born in the coal-mining heartland of Cumnock, South Ayrshire, he developed an aptitude for laying odds at a young age, watching the miners playing endless games of pitch and toss. "There was nothing to do then but work and gamble," recalled Williams, whose grandfather and father had both gone down the pit. Freddie's first role model was his great-grandfather. When a pit accident robbed him of an arm, cut off in an accident, he recovered to set up in business as a coal merchant.

Freddie was bedridden as a child and missed out on pit life after failing a medical as a result of polio. He swept floors in the local Curries of Auchinleck lemonade factory, and acted as a bookie's runner before graduating to lay his own odds in a small way at Auchinleck greyhound track.

Though his schooling was interrupted and his education compromised, Freddie Williams had an aptitude that allowed him to rise to manager at the lemonade plant. A buy-out among staff increased his involvement, and later he took over the business. In 1991 he sold his stake and four years later opened the alcopop manufacturer Caledonian Bottlers, which boasted a state-of-the-art factory employing 50 full-time staff, and used natural Scottish spring water.

Williams maintained, however, that bookmaking, not bottling, was his livelihood. He had established a bookmaker's pitch at Ayr racecourse in 1974, where he became known as a daredevil, and then put his name down for a coveted spot at Cheltenham. But the "dead man's shoes" system of bookmaker pitch transfer was a source of great frustration, and Williams languished on the waiting list for 20 years. In one interview, he said: "I started off at 120 on the list and by the 1990s I was at number 40. It was never going to happen, but then the rules changed and you could buy a pitch. I was the first to buy one. I thought, 'Here I am! I'm not just here for a day out – I'm taking on the biggest hitters in the game.' "

So it was that on 1 January 1999, Williams arrived for Cheltenham's traditional New Year's Day meeting. McManus tested his nerve immediately, placing £90,000 on the Queen Mother's runner Buckside. The 2-1 favourite led at the last fence, but faded into second place. Seven weeks earlier, Williams had undergone a quadruple heart bypass.

He never looked back. In March 1999 he took on McManus and other big hitters over the three days of the National Hunt Festival. He clearly loved the cut and thrust, never flinching no matter how high the stakes. "Fearless" Freddie was soon in his pomp, making appearances on Channel 4 racing where he shared his love of the betting ring, and the game of wits, bravado and instinct he waged with customers, who ranged from heavy hitters to £2 punters at Glasgow's Shawfield greyhound track.

Shannon Gale marked the start of battle royal with McManus. Williams accepted a bet of £100,000 each way on the 7-1 chance. Honours were shared when the horse ran fourth, ensuring an each-way payout of £175,000 rather than the £875,000 had it won.

Williams enjoyed studying his clients as much as the horses, seeking give-away signs of confidence or uncertainty. He stood at other racecourses and at greyhound tracks, and owned a string of racehorses. In 2004 he bought the 78 St Vincent Street restaurant in Glasgow, installing his daughter Julie as manager, it was said to stop her following him into the betting game. When his marriage broke down in 2006, it was reported that a £1m divorce settlement had been agreed.

Williams worked until he dropped, suffering a heart attack after a day spent working at Ayr races and an evening working at Shawfield. His philosophy was summed up in the view that the final race each day did not mean an end to the winning or the losing. "There is no last race," he would often say.

Photo: JC 2024 (All Rights Reserved) 

Exploring the Thrills of Great Yarmouth: A Gambler's Paradise

Great Yarmouth, a vibrant coastal town nestled on the stunning Norfolk coast, offers visitors a delightful blend of natural beauty and exciting entertainment options. While many travelers flock to this charming destination for its golden beaches and amusement arcades, Great Yarmouth is also a paradise for gamblers. From the adrenaline-fueled races at the racecourse to the elegant atmosphere of the Grosvenor Casino and the timeless charm of bingo halls, there are plenty of places to try your luck and experience the thrill of gambling in this seaside gem.

One of the highlights of the gambling scene in Great Yarmouth is undoubtedly the racecourse. Located just a short distance from the town center, the racecourse is a magnet for both horse racing enthusiasts and those looking to enjoy a day of excitement. With its well-manicured track and stunning views of the surrounding countryside, the racecourse provides a picturesque setting for a thrilling day at the races. Whether you're a seasoned punter or a novice hoping to get lucky, the racecourse offers a variety of betting options and a vibrant atmosphere that will keep you on the edge of your seat.

Embesto... remember the name! 👀

A wonderful debut from this son of Roaring Lion at @GTYarmouthRaces for @DavidEgan99 and @varianstable... pic.twitter.com/jcO3B9ZhCy

— At The Races (@AtTheRaces) May 2, 2023

For those seeking a more refined gambling experience, the Grosvenor Casino in Great Yarmouth is the place to be. Situated on the historic Marine Parade, this elegant casino exudes sophistication and charm. Step inside and you'll be greeted by the sound of shuffling cards and spinning roulette wheels, as well as the unmistakable buzz of anticipation. Whether you prefer classic table games like blackjack and roulette or the excitement of slot machines, the Grosvenor Casino has something to suit every taste. With its attentive staff and luxurious surroundings, this casino provides a truly unforgettable gambling experience.

How to Win Playing Roulette at Grosvenor Casino Great Yarmouth https://t.co/llTvTMj6HU pic.twitter.com/NzqOuiOalA

— GROUP HORSE (@flatracing) May 3, 2021

If you're looking for a more relaxed and social form of gambling, Great Yarmouth's bingo halls are the perfect choice. Bingo has long been a beloved pastime in the UK, and the town boasts several venues where you can try your luck at this timeless game. From the traditional bingo halls to modern establishments with electronic terminals, there's a bingo experience for everyone in Great Yarmouth. The friendly atmosphere and sense of community make it an enjoyable and inclusive activity that is suitable for all ages. So grab your lucky charm and get ready to shout "Bingo!" in one of Great Yarmouth's inviting bingo halls.

Rather marvellous murmuration over Great Yarmouth’s Golden Mile tonight …
#GreatYarmouth #murmuration #starlings #birdwatching #Norfolk pic.twitter.com/b3rzAjlSys

— Sascha Williams (@Sascha_Williams) January 4, 2022

After a day of thrilling gambling adventures, it's time to unwind and rest in one of Great Yarmouth's best hotels. Among the top choices is the Andover House Hotel, a stylish boutique hotel situated near the seafront. This elegant establishment offers comfortable rooms adorned with modern amenities and tasteful decor. The attentive staff provide impeccable service, ensuring that your stay is as pleasant as possible. With its convenient location and proximity to the town's attractions, the Andover House Hotel is the ideal base for exploring Great Yarmouth's gambling scene and beyond.

Andover House
Family run award-winning hotel
Camperdown

[http://t.co/hrafVl1gip] #GreatYarmouth #ShopEatPlayStay pic.twitter.com/YTanVkyeyh

— Stay Great Yarmouth (@StayGtYarmouth) March 31, 2014

In conclusion, Great Yarmouth is a haven for gamblers, offering a variety of thrilling options to tempt even the most seasoned player. From the excitement of horse racing at the racecourse to the refined atmosphere of the Grosvenor Casino and the timeless charm of bingo halls, there's something for everyone.

High Stakes, Hard Falls: The Worst Gambling Losses in Las Vegas

Introduction

Las Vegas, often hailed as the gambling capital of the world, is a city where dreams of immense wealth and thrilling adventures converge. However, amid the glittering lights and bustling casinos, some individuals have experienced the flip side of fortune. In this article, we delve into the stories of some of the worst gambling losses in Las Vegas history, where fortunes were squandered in pursuit of the elusive jackpot.

Harry Watanabe - $127 Million Loss

Harry Watanabe, the former owner of a successful gift shop chain, experienced one of the most notorious gambling losses in Las Vegas. Between 2007 and 2009, he managed to lose a staggering $127 million playing high-stakes poker and betting on slots. His compulsion to gamble was fueled by the VIP treatment he received from casinos, including free rooms and lavish perks. Eventually, his losses led to legal disputes and a painful downfall.

Terry Watanabe - $204 Million Loss

It seems that the name "Watanabe" is synonymous with massive gambling losses in Las Vegas. Terry Watanabe, brother to Harry, followed a similar path. Terry, the former CEO of a successful party supply company, experienced a jaw-dropping $204 million loss during his gambling escapades. He was addicted to the rush of high-stakes baccarat and blackjack, leading to his financial ruin.

Terrance Watanabe - $125 Million Loss

In another shocking twist, Terrance Watanabe, the third brother in the family, lost $125 million during his time in Las Vegas. The family's collective losses are a stark reminder of the dangers of excessive gambling and the alluring yet treacherous world of high-stakes gambling.

Akio Kashiwagi - $10 Million Loss

Akio Kashiwagi, a wealthy Japanese businessman, was known for his audacious gambling exploits in Las Vegas during the 1980s. Despite his fortune, he couldn't escape the clutches of Lady Luck. Kashiwagi suffered a $10 million loss during one ill-fated baccarat session at the Trump Plaza Hotel and Casino. Tragically, he met a violent end in 1992, which some speculate was linked to his gambling debts.

Frank Sarakakis - $17 Million Loss

Frank Sarakakis, a successful Greek businessman, fell victim to the allure of Las Vegas. He was known for his high-roller lifestyle and penchant for high-stakes poker. However, his luck took a dark turn when he lost $17 million in a single night of gambling. This colossal loss left a significant dent in his fortune and serves as a cautionary tale for others.

Charles Barkley - Estimated $30 Million Loss

Former NBA star Charles Barkley is no stranger to the Las Vegas gambling scene. Known for his love of blackjack and sports betting, Barkley has reportedly lost an estimated $30 million over the years. While his losses haven't pushed him into financial ruin, they illustrate that even celebrities are not immune to the pitfalls of gambling addiction.

Conclusion

Las Vegas remains a city of dreams, where fortunes are won and lost every day. The stories of these individuals who experienced some of the worst gambling losses in Las Vegas history serve as stark reminders of the dangers of excessive gambling. While some managed to weather the storm, others faced personal and financial ruin. These tales should encourage responsible gambling and serve as cautionary anecdotes for those who venture into the high-stakes world of Las Vegas casinos. In the end, the glittering lights of Sin City may shine brightly, but they can also cast a dark shadow on those who succumb to the allure of the casino floor.

Photo: Pixabay (free)