That was where I was coming fromOriginally Posted by Beef or Salmon
That was where I was coming from
Some people say he’s the best since Arkle and that’s certainly true when you look at what he’s done
We need a sarcasm font
Last edited by Beef or Salmon; 5th March 2019 at 10:39 PM.
Pay £15m and then **** off the customer base.
Seems like a interesting strategy????
Last edited by Tout Seul; 5th March 2019 at 11:08 PM.
Why knock a guy who was smart enough to make over 100,000 million.
Bushiness is not a game or maybe it is a game but either way there are winners and losers.
He was smart enough to be a winner and I don't see the the Fraud Squad or FBI knocking down his front door.
Formely Fist of Fury
Well there will be an investigation into this
We are all the losers really now the Betbright cup between Ireland and the UK can't be glorified
Some people say he’s the best since Arkle and that’s certainly true when you look at what he’s done
littlelad (6th March 2019)
Has Betbright been taken over, or have 888 just bought the customer base?
If it's the former then they are surely legally required to honour the antepost bets?
neither
just bought the technology betbright use
Okay in which case punters surely have a contract with Betbright for the bets they've made? Surely they can't unilaterally cancel them if they are a solvent business.
This smacks of cashflow problems and potential future liabilities not able to be met. The large sums surrounding the Festival is the time it would be flushed out. I wouldn't be surprised to hear the purchase of the tech funded the hole. There will surely be an investigation here. Nothing about it sits right.
From The Guardian
It may be just six days until the start of the Cheltenham but there are no apologies this morning for bringing football into the discussion, since the details of just two bets with the now ex-bookie BetBright hint at the scale of the injustice which will be inflicted on punters if, as currently seems possible, it is allowed to simply walk away from its ante-post liabilities.The Guardian has seen details of two bets placed by the same BetBright customer last year. The first was a £100 each-way double on Luton in League One at 14-1 and Lincoln in League Two at 10-1. The second was a £25 each-way Trixie – three doubles and a treble – on Lincoln (4-1), Leeds United in the Championship at 5-1 and Arbroath, in League One in Scotland at 6-1.Luton, Lincoln and Arbroath currently top their respective divisions by five, two and 14 points respectively, while Leeds are two points behind Norwich at the top and seven clear of WBA in fourth. The book is effectively closed on Arbroath, who are now top-priced at 1-50, while Leeds, Luton and Lincoln are 5-2, 4-11 and 11-10 respectively.The each-way double has a potential pay-out of £18,075 including the initial £200 stake, while the Trixie would return £8,584 for the same initial stake if all three teams win their divisions.Early on Tuesday afternoon, however, BetBright decided that, from midnight, all bets were off and stakes were to be refunded. There was no offer to honour their side of the bets, no chance of a cash-out – which in this case alone would have run to several thousand pounds – and not even the first suggestion of an apology.Two aspects of this indefensible conduct set it apart from run-of-the-mill stories where a bookie goes bust and leaves punters out of pocket.The first is that BetBright has not gone bust. Its former executive chairman sold it to a rival operator, 888.com, for £15m on Monday but the sale price covered only BetBright’s high-end technology, and not its outstanding liabilities.The second is that the former executive chairman concerned is none other than Rich Ricci, one of National Hunt’s most successful owners and certainly – thanks to his taste for loud suits and sunshades in all weathers – one of the most visible. His likely runners at Cheltenham next week include Benie Des Dieux, 11-10 favourite for the Mares’ Hurdle on Tuesday, and Min, the second-favourite for the Champion Chase.It may seem astonishing that a bookmaker with a market value of £15m can simply shut up shop and walk away from potential liabilities that, if the case detailed above is any guide, must run well into six figures. All the cancelled bets were placed in good faith with a firm that sponsored several major races and events and was also the shirt sponsor of Championship side Nottingham Forest. Ricci’s familiarity and prominence as a racehorse owner may also have offered reassurance to punters that BetBright was no fly-by-night operation.Just a week before the Cheltenham Festival, however, its former customers have been left in the lurch and seemingly with nowhere to turn. The Gambling Commission, the industry’s regulator, has so far issued only a feeble, one-line statement that it has “received a number of complaints about this matter” and is “making further enquiries”.The GC’s mission statement, as has been pointed out here many times, includes a claim that it will ensure gambling is conducted in a “fair and open” way. But it should not need to make any “further enquiries” to appreciate the blatant unfairness in a case which also seems to highlight a gaping hole in the law. If BetBright is allowed to get away with cancelling its outstanding bets, what is there to prevent someone from setting up as a bookie, laying ante-post bets and then shutting up shop if their positions turn sour?Advertisement
Sean Graham, Terry Rogers et al would never have behaved in such a manner.
Even the day a) Gary Wiltshire was scalped by Frankie's 7 timer at Ascot or b)Seamus Mulvany was creamed at Galway when Missunited won at Goodwood everyone was paid.
888 have announced they will honour ante-post Cheltenham Festival bets made by BetBright customers (as a goodwill gesture.)
When the big boys don’t allow you to benefit from ‘special’ terms such as extra places and in some instances NRNB. all the while greatly reducing stake amounts, it is tempting to go to some of the lesser names. Considered doing so for the coming week and Betbright was certainly in the frame. Thankfully decided it was better to deal with some of the smaller but long-standing bookies and increase use of surrogates!
The welcome restrictions on FOBT’s will force the closure of shops and severely curtail the profits of those that presently have large LBO estates. In an ideal market the competition for punters’ money would become more intense however I find that unlikely and expect continuing consolidation and unfortunately collusion.
Where did you see this, Roger? Thanks888 have announced they will honour ante-post Cheltenham Festival bets made by BetBright customers (as a goodwill gesture.
RP Twitter feed
I can't find any other source and the Racing Post has been wrong about this kind of thing before. It's not reassuring that nobody is quoted in the story but I hope it's true.
Last edited by Grey; 6th March 2019 at 6:47 PM.
This is 2019 Tanlic…
The way you get at people to destroy their credibility in this day and age, is not by questioning their actions today, but by raking over every pathetic thing they ever did in their past through dodgy sources, or getting a bunch of pussies from primary school to vouch for the fact they're barstewards.
Last edited by Marb; 6th March 2019 at 8:26 PM.
And his actions today are equally as reprehensible as his past indiscretions, a cretin yesterday is a cretin today.This is 2019 Tanlic…
The way you get at people to destroy their credibility in this day and age, is not by questioning their actions today, but by raking over every pathetic thing they ever did in their past through dodgy sources, or getting a bunch of pussies from primary school to vouch for the fact they're barstewards.
Just wondering if there should be a stewards inquiry with the Cheltenham Ante Post competition here?
When is an ante post bet not an ante post bet an all that ?
If any bet struck with Betbright should now be declared void ?
If so I can imagine DG, Grey and New Approach ambushing Mr Ricci next week .
https://www.racingpost.com/news/u-tu...urchase/369501
this does not read well
nor do the replies on twitter to 888 after they said they will honour any winning cheltenham antepost bets but nothing else, it's a decent gesture from them they didn't need to do when you consider that they did not buy betbright's sportsbook ledger
ricci and his advisers at betbright are the villain here, terrible way to behave
Nah. All bets in good faith in the competition should stand
Some people say he’s the best since Arkle and that’s certainly true when you look at what he’s done
edgt (6th March 2019)
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