Betfair facilities used by corrupt punters to lay loser moneys

October 30th, 2008 by admin

The English media has been following a major horseracing corruption case involving eight men, including trainer Paul Blockley and jockey Dean McKeown (48), both of whom were ‘warned off’ [banned] last week as racing’s latest corruption inquiry came to a close.

The central allegation in the case was that all were involved in a conspiracy to exploit inside information about Blockley’s runners in the 11 races that were all successfully layed to lose on betting exchange site Betfair. The bets in question risked a total of GBP 182 541, but because every bet was a winner, the overall profit for the ring was GBP 61 909.

The British Horseracing Authority which invesigated and considered the facts ordered that McKeown be warned off for four years and Blockley for two and a half, both having been found to be part of a conspiracy to lay insider bets on the Betfair betting exchange. The pair breached rule 201 (v), designed to prevent trainers and jockeys from conspiring with other persons to commit a corrupt or fraudulent practice.

The actual gambling was carried out by others, using inside information from the duo.

Other members of the corruption ring included racehorse owner Clive Whiting, who was found to be in breach of rule 201 (v) and 220 (vii) (b) in that he misled BHA investigators. Fellow owners David Lovatt and Martyn Wakefield, along with Whiting’s brother Vincent, former owner Marcus Reeder, David Wright and Nicholas Rook were all found guilty of breaching rule 201 (v).

Clive Whiting was disqualified for eight years, Vincent Whiting excluded for four years, Wright disqualified for six years, Rook excluded for six years, Reeder disqualified for 18 months, and Wakefield disqualified for 18 months. Lovatt was fined GBP 20,000.

Blockley was also found guilty of failing to give McKeown the necessary instructions to ensure his mount, Hits Only Money, ran to its merits at Wolverhampton in December 2005 — a violation of rule 155 (ii).

McKeown was judged to have contravened rule 157 in that he intentionally failed to ensure that horses Only If I Laugh, Smith N Allan Oils, Hits Only Cash and Hits Only Money ran on their merits in races between June 2004 and December 2005.

Those involved were given seven days to respond to the BHA’s findings and punitive measures.

New variants from Poker Players Alliance

October 16th, 2008 by admin

The Poker Players Alliance has furnished its 1.2 million members with a rating guide on the position of members of the US Congress on the legalisation of poker.

In a letter to members this week, PPA chairman former Senator Alphonse D’Amato said that in its extensive efforts to promote poker on Capitol Hill the organisation has collected much information about members of Congress and their stance on poker.

“We have compiled this data for you in an easy to use guide,” the former Senator wrote. “PPA’s official Congressional Rating Guide gives grades from A+ to F- to every member of the U.S. House and Senate based on their position on poker.

“Members of Congress for whom a position could not be determined are noted with a question mark. The ratings Web site can be found at www.congressionalpoker.org.

“In most cases, grades are based on co-sponsorship of bills, Congressional letters of support, public statements and private meetings with the PPA and our members due to the lack of full votes by either the House or Senate. Grades are not permanent and this guide will be updated periodically. Our goal is for all Members of Congress to score a grade of A or better.”

The PPA Congressional Rating Guide is searchable by state and by zip code. As an additional benefit, visitors to the website can automatically send an email to congressional representatives directly from the guide to let the politicians know how the sender feels about their grade and voice support of the “great game of poker.”

D’Amato ends his letter: “Knowing how your elected officials stand on the issues important to you is half the battle - letting them know that you’re a voter who supports poker takes care of the rest.”

eXTReMe Tracker