Nowadays it’s lot more difficult to pull the wool over Bookies eyes as they are better informed than they ever have been. There are still people who manage to do it but you need to be very clever!
There are many popular ways to deceive the bookies. One method is to strike a bet on the wrong horse so they shorten up and push the price out on other horses. You then get a better price for the one you really want to back. This only works if you’re well known to them and you have large stakes. Another popular one is to ring up and ask for a price. Whatever they offer you, you state that you can get on at a better price elsewhere. As soon as you’re off the phone they shorten up. You then get someone else to ring up and put a larger stake on the one you want!
One of the greatest racing coups of all time though had to be the one that Patrick Veitch organised. The horse was called Exponential and was ruled out on the day of the race as a no hoper. He opened on course at 100/1 and was steadily backed in to 8/1. The horse won comfortably and Veitch reportedly won over half a million pounds in cash. Not bad for a days work!
He’d spent months preparing for the race and everything was kept very quiet before the race. No one had a clue what was coming and the actual betting only happened 10 mins before the race started. A perfect plan well executed.
There are many brilliant coups out there and more recently Barney Curley organised a massive one that hit the bookies for millions. Just google his name and you’ll be able to see all the coup’s he’s managed to pull off. The guy is a genius!
Back next week with more stories from the betting world.