European Bookmakers Lose Millions on Horses Linked to Barney Curley

European Bookmakers Lose Millions on Horses Linked to Barney Curley

Iconic gambler Barney Curley has done it again when a 9000- 1 shot on four horses came through (Image: The Guardian)

There is absolutely nothing quite like the feeling of striking a daily double, pick six or other big accumulator at the battle track, specially when that final horse comes in to complete your once-in-a-lifetime payday. But while there has been some epic wins over the course of horse history that is racing few compare towards the story that played out this week in britain as four horses linked to renowned gambler Barney Curley pulled down shocking victories that could have cost bookmakers millions.

Long Odds on Four Horses

The story began on Tuesday night, as odds began showing up for some of Wednesday’s races. There have been four horses in all, each coming off a long layoff to race at fairly long odds. Horses Eye associated with Tiger and Indus Valley were both longshots that are 20-1 while Seven Summits and Low Key had been more fairly priced at 7-1. in every instance, a $1 accumulator bet on all four horses to win could have acquired a bettor around $13,000 at Bet365, if the bets came in at simply the best time when all four races were on the board and also the odds were as favorable as feasible.

Estimates of so just how much money was lost by bookmakers from the four unlikely winners varied greatly. One spokesman for Paddy energy said that the industry-wide hit could have now been since [Read more…]

Size Matters for Delaware Online Gambling Revenues

Size Matters for Delaware Online Gambling Revenues

Delaware’s under-a-million population base isn’t helping the state’s first few months of online gambling revenues

When it comes to advocating for online gambling, there is one argument that sways states more than anything else: income. After hearing about how exactly much money is potentially around, everyone wants a bit of the online gambling revenue cake. However in the instance of Delaware, it seems as though the state will have to settle for a crumbs that are few.

Despite hopes that online gambling might help out struggling Delaware land casinos fend off competition from neighboring states, as it happens that the Web games have not generated much interest so far here. Over the course of November and December 2013, the sites raised just $253,000 far short of the goals that state and casino officials had set for Delaware’s online gambling projections.

Few Accounts, Fewer Players

Being such a small state with a population of under one million, few expected Delaware to split the lender when it came for their online sites. But therefore far, only about 4,000 accounts were opened on the casino’s internet sites. The liquidity issue is most obvious with regards to poker games: according to figures by PokerScout, the Delaware Poker web site is only averaging about 20 players for real money cash games over the week that is past. Also at top hours, the site hardly ever has significantly more than 50 players part that is taking [Read more…]