colinsunderland
RIP Colin
Charles Byrnes is pretty well known for the 'dubious' betting patterns around his runners at time, but was banned yesterday by the IHRB for a horse testing positive for a sedative. Charles Byrnes wasn't implicated in actually admistrating the drug, but at best had a lack of care by allowing the horse to be left alone.
3 times the horse ran, 3 times it drifted badly in the market, and 3 times ran like it only had 3 legs.
The big question for me in all this, is the role of Betfair. The sums involved weren't particularly big (although if this happened once a day it would add up to quite a payday), but the bets were placed by a Ltd company which seems to be pretty anonymous. From the IHRB ruling:
Mr Buckley added that all three of these lay bets had been traced through the Betfair exchange to the same account number.These lay bets were initially placed with a limited liability company, which placed them in turn with Betfair, on what appeared to be a combined basis with other such bets. The Committee was surprised to hear that such a mechanism is possible, as it could hinder identification of the possible beneficiaries of lay betting. Mr Buckley identified an individual known to be associated with the combined account. He is based in a distant part of the world and was said to be associated with match fixing and associated betting in connection with other sports. There is no evidence to connect Mr Byrnes with these betting patterns, but they are part of the full and relevant context to the events of 18 October 2018 at Tramore and informed the subsequent investigation into those events.
Now I'm sorry, but if I get a SoW for £50 in deposits, then how come Betfair can accept bets of (preumably) millions without knowing where the bets are coming from. I seriously hope the UKGC look into this, as how can they possibly know where the funds are coming from?
I also think all bets should be void on horses in situations like this, and if unusual betting patterns identified, then the accounts banned. Clearly in this case the ltd co facilitated the betting, they should be banned from Betfair, along with the directors.
The full ruling is below
3 times the horse ran, 3 times it drifted badly in the market, and 3 times ran like it only had 3 legs.
The big question for me in all this, is the role of Betfair. The sums involved weren't particularly big (although if this happened once a day it would add up to quite a payday), but the bets were placed by a Ltd company which seems to be pretty anonymous. From the IHRB ruling:
Mr Buckley added that all three of these lay bets had been traced through the Betfair exchange to the same account number.These lay bets were initially placed with a limited liability company, which placed them in turn with Betfair, on what appeared to be a combined basis with other such bets. The Committee was surprised to hear that such a mechanism is possible, as it could hinder identification of the possible beneficiaries of lay betting. Mr Buckley identified an individual known to be associated with the combined account. He is based in a distant part of the world and was said to be associated with match fixing and associated betting in connection with other sports. There is no evidence to connect Mr Byrnes with these betting patterns, but they are part of the full and relevant context to the events of 18 October 2018 at Tramore and informed the subsequent investigation into those events.
Now I'm sorry, but if I get a SoW for £50 in deposits, then how come Betfair can accept bets of (preumably) millions without knowing where the bets are coming from. I seriously hope the UKGC look into this, as how can they possibly know where the funds are coming from?
I also think all bets should be void on horses in situations like this, and if unusual betting patterns identified, then the accounts banned. Clearly in this case the ltd co facilitated the betting, they should be banned from Betfair, along with the directors.
The full ruling is below
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