Are you trying to read all of the top headlines related to betting? Be sure to check this out in case you missed it. In the month of March, there was a continuation of a story that started almost 40 years ago. The results may not be what you expected, and the whole ordeal will likely haunt UK bookmakers for some time.
How the biggest UK horse racing scandal happened
Over the past four years, the UK has been reeling over the horse racing betting scandal created in 2010 by Barney Curley. Although Curley has maintained since 2010 that everything he did is completely legal, in 2014 a fine-toothed comb is being used to double-check his methods by authorities. Standing in front of an audience gathered together for the 2014 Cheltenham Festival, Curley re-expressed that he felt his winnings were within the bounds of the law.
Not his first scandal of this kind
Interestingly, this is not the first time Curley has pulled the same trick. In 1975, he bet on a long shot and took home a large payout. When he pulled this kind of a long shot bet in 1975, Irish betting authorities found nothing illegal and he walked away with all of his winnings.
Curley’s third long shot coup attempt?
On January 22, 2014, Curley won a pay out of £2 million in a similar scheme. Once again, bookmakers were forced to pay him out. Will this ever end? Curley’s third win of this kind pushed lawmakers to take a close look at his second coup in 2010. When discussing his methods for winning the 2010 bet, lawmakers are focusing on the following facts:
- An army of betting foot soldiers was hired
- The group of foot soldiers placed small bets on horses with good odds
- Several bets worth £100,000 in total were placed throughout the UK to keep the stakes low and conceal that this was a plan to trick the bookmakers.