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John Samuels of IBAS looks at the interesting problem that occurs when punters have more up to date data than the bookmakers.
The practice of attending sporting events with a view to gaining a betting advantage over the market and the majority of those relying on television pictures was presented as a new phenomenon, but was of course relatively well established.
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The news presented this tennisbased incident as a freak discovery, but relatively little research would have unearthed numerous Racing Post stories of punters renting executive boxes at racecourses for that.
The cause for those headlines was the arrest by Victorian State police and the bringing of later-dropped criminal charges.
At various industry gatherings I have attended, I have raised the question of courtsiding with operators and regulators.
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The Government has frequently had to step in and mediate in the annual negotiations over the Horserace Betting levy. On the one hand, the bookies claim the UK racing industry has never been wealthier.
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The top three biggest bookies in the UK are all closing shops. Forty years on the exploits of the Operation Crock Of Gold syndicate still divide people.
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But their com-. S to continue and meet liabilities. The recent failure of Bodugi seems to have followed a similar process with the regulator while another semi well known but troubled brand is seemingly working closely with the Commission at the moment.
Should this be an acceptable defence for the biggest and most expensive gambling regulator the country has ever seen?
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It must stand on its own two feet, charging for picture rights and attracting race-sponsorship on merit.
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