The Four Horseman of the BTL Apocalypse.

pete80

chucknorris wrote: »

It sure was especially as I don't use letting agents and I was also going racecourse bookmaking at least twice a week as well (usually more than twice due to evening meetings and holidays). I am also retired from that now too.

Racecourse bookmaking, now that is something that could interest me during the summer months to pass some time.

Any chance you could send me a brief pm Chuck, with details of what is needed to get into that trade, or is it a "closed shop"?

chucknorris

pete80 wrote: »

Racecourse bookmaking, now that is something that could interest me during the summer months to pass some time.

Any chance you could send me a brief pm Chuck, with details of what is needed to get into that trade, or is it a "closed shop"?

If you want info feel free to message me, but honestly you would be better leaving it alone. It was never an easy way to make money but right now it is virtually impossible and you should run a mile. If it was at all lucrative I would not have truned my back on it. The things that have changed in the alst 10 years or so that make it more difficult are:

1. Pitches bought and sold at auction means that it is not a closed shop (it was more lucrative when it was)
2. Arguements over pitch tenure means that the long term future ownership of pitches is quetionable
3. Betfair eally kills the profit percentage
4. Boards on rails means that there are too many books displaying prices

pete80

chucknorris wrote: »

If you want info feel free to message me, but honestly you would be better leaving it alone. It was never an easy way to make money but right now it is virtually impossible and you should run a mile. If it was at all lucrative I would not have truned my back on it. The things that have changed in the alst 10 years or so that make it more difficult are:

1. Pitches bought and sold at auction means that it is not a closed shop (it was more lucrative when it was)
2. Arguements over pitch tenure means that the long term future ownership of pitches is quetionable
3. Betfair eally kills the profit percentage
4. Boards on rails means that there are too many books displaying prices

Okay Chuck, thanks for the good advice. Maybe I had better stick to my little gambles on the stock market and spread betting.

I had forgot all about Betfair and the effect it has these days, and it doesn't sound good regarding the pitch tenure.

julieq

Pretty much all the racecourse bookies are taking their prices from an automated system these days they have little laptops with hoods. I think the prices just come direct from the betting exchange with a hedge factor. Interesting as instead of the course setting the price it's Betfair that does it these days.