Saturday, Nov 10, 2007 at 15:57
donks1,
I think you could get $100 but you know, that doesn't necessarily mean it was good for the bookies. Apparently it was backed in from $150 to $100 via some off course punter who backed it with the
Darwin betting place and then also along the rails at Flemington.
Just do the maths. If an odds on favourite wins then usually the punter puts more on to win less ie...if it's $1.50 the punter gets fifty cents for every dollar he puts on. At $100 he gets a hundred for every dollar invested. It's ok if no one backs the long shots and they don't win...but you only need a few to get in with big bets and you do a heap.
Quite a few times the bookies actually want the favourite to win because the price is too short and people don't back them...the normal punting public that is. The everyday punter just wants to get a reasonable price for their bet.
As for rigging races....
well.... Sure it happens occasionally but they get caught and banned for life. There are always smarties trying to fix things but that's as often from the big punter side, the connections side, as it is from the bookies.
Don't believe stereotypes about bookies. If they were such "big crooks" there would be more of them but they're a dying race....each year sees less and less. If it was such a "sure way" of getting money that wouldn't be the case. They are just like any business they provide a service, try to make a living, and value their professional honour.
I do know a bit about this...my Dad is 81 and until last year worked as a country Victorian Bookie for fifty years. He is one of the fairest, most honourable men you could ever meet. My brother is down at Flemington working today.....there are so few bookies that they call in the country ones for the big carnivals.
Sorry to go on..
Viv
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