Iconic gambler Barney Curley has done it again whenever a 9000- 1 shot on four horses came through (Image: The Guardian)
There’s nothing quite like the feeling of striking a daily double, pick six or other big accumulator at the race track, particularly when that final horse comes in to complete your once-in-a-lifetime payday. But while there have been some epic wins during the period of horse racing history, few compare to your story that played out this week in britain as four horses associated with 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 started turning up for a number of Wednesday’s events. There have been four horses in all, each coming off a long layoff to race at fairly long odds. Horses Eye associated with the Tiger and Indus Valley had been both longshots that are 20-1 while Seven Summits and Low Key were more fairly priced at 7-1. in virtually any instance, a $1 accumulator bet on all four horses to win would have gained a bettor around $13,000 at Bet365, if the bets came in at just the best time when all four races were on the board and also the odds were as favorable as possible.
Estimates of how money that is much lost by bookmakers through the four not likely champions varied significantly. One spokesman for Paddy energy said that the hit that is industry-wide have now been because great as £15 million ($24.9 million), though others said a more likely figure was in the product range of £2 million ($3.3 million).
Some bookmakers, such as Ladbrokes, avoided the largest losses by only odds that are posting in your day, though many bettors found on the connected horses also because the odds started to fall.
‘We dodged most of the early morning madness, but you cannot stop moving trains and we got caught up in a few of it because the day panned out,’ said Ladbrokes head of customer PR David Williams. ‘Our choice not to price the Kempton events up until as late as feasible helped protect us through the worst from it and we undoubtedly weren’t exposed to any of the business that is overnight a lot of the fancy prices were snapped up.’
Unlikely Winner
Bookmakers began to become suspicious as the odds on all four horses fell in morning betting. By enough time Eye of the Tiger ran at Lingfield, the horse had been bet all of the means down to an even money favorite despite the proven fact that he had not run for 481 times, and had unsuccessful to win in any of their previous four races.
Sure sufficient, Eye of the Tiger won his race. Whenever stewards at the track launched an inquiry into the champion, they were told that the horse was now being trained by Dan Donovan, and had formerly been trained by Curley himself. The horse had apparently been injured many times, but came myfreepokies.com in to the race healthy, with Donovan calling him ‘a genuine horse.’
Soon thereafter, Seven Summits would win their battle at Catterick by a length . 5. At competition time, he had been bet down to a 9-4 favorite, though which was partially because another favorite had been scratched through the race. Seven Summits was also formerly trained by Curley.
The horse that is third Indus Valley, was another Donovan-trained runner who had been rushing for the very first time in nearly two years. A 4-6 favorite by the race, Indus Valley pulled off a win that is tough.
‘He has always shown ability but we were lucky the second just switched it in,’ Donovan said.
Finally, Low Key was set to race at Kempton, and had relocated from a 7-1 shot to a favorite that is 7-4. Although his last race saw him finish 7th of seven horses, Low Key pulled off a win, with trainer John Butler attributing it to the horse being gelded and a significant fall in course when comparing to previous races.
Barney Curley has been a legendary trainer and gambler for decades, though he has largely stayed out of the eye that is public. Curley who states that he gets more of a thrill out of beating the bookmakers than through the cash he wins has been finding how to beat bookies since at least the 1970s. An identical success that is four-horse 2010 netted Curley more than £1 million ($1.66 million).
Billionaire Asian Moguls Duke It Out for Bloomberg Richest Rating
Still #2: Chinese billionaire Lui Che-Woo thought he was ranked first, but Bloomberg took it back (Image: Forbes)
In a world of uber-wealth with lots of the wealthiest on the planet now from Asian countries it takes some cash that is serious be the richest associated with rich; type of like being crowned Miss Universe from out of a bevy of stellar beauties. And simply like Miss Universe, sometimes the votes get tallied incorrect and you have to give back the crown.
That seems to be what’s happened with Lui Che-Woo, founder of casino operator Galaxy Entertainment Group Ltd., who briefly held the name before several news sources corrected it and maintained that previous title holder and real estate investor Li Ka-Shing continues to be Asia’s richest guy.
Lui’s net worth jumped up by $2.9 billion this to $23.7 billion; but wealth protagonist Li still beats him out with a $29.5 billion fortune year. And that means Li retains the title he is held since April 9, 2012, when he moved past previous richest, Indian billionaire Mukesh Ambani.
The Bloomberg Billionaire Index bases its statistics and measurements on changes within markets, the economy and reporting to update the figures at the end of each business day in New York, using the closing share price to calculate positions on the index and taking inherent family wealth into consideration as well as a daily ranking of the richest people in the world.
The principal source of wealth for the billionaire mogul comes from his 51 percent stake in Galaxy Entertainment Group Ltd., which ranks third in proportions for Asia’s casino operators and saw a 129 percent increase in shares year that is last riding on the waves of the 18.6 percent increase in revenues for Macau, which reached a total of $45.2 billion.
Lui’s casino Galaxy that is biggest Macau has raked in on the success of the only area in China where casinos have been legalized. Galaxy Macau is situated in the heavily visited gaming location of Cotai, known popularly as Asia’s version of the Las Vegas Strip.
Internationally Heavy Hitters
Apart from Bill Gates arguably the man that is richest on earth, whoever net worth rose by $15.5 billion last year Lui’s gains of $14.2 billion had been just beaten by casino rival and Las Vegas Sands Corp. Chairman Sheldon Adelson, whom saw a growth in net worth of $14.4 billion over the very last year, based on the Bloomberg position.
According to Macau-based analyst at Union Gaming Group, Grant Govertsen, the Lui family’s early investment in Cotai is mainly to thank because of their current level of success.
‘ The boom there ramped up the share price appreciation and wealth creation for the Lui family,’ explained the analyst. ‘They’re well positioned for long-term growth and so are focused on becoming the dominant player in Macau.’
Although the 2,200-room Galaxy Macau was the biggest casino for the business because the doors exposed in 2011, Galaxy Entertainment Group Ltd. also has and operates an additional five of Macau’s 35 casinos. All told, Macau reportedly generates around 97 percent associated with the group’s revenue, which is leading Lui and his son, deputy chairman Lui Yiu Tung, to a $2.6 billion addition to Galaxy set for next year in order to capitalise on the increasing growth of the gambling destination.
Rose from Poverty
The billionaire that is self-made extremely humble beginnings, as he and his family fled the city of Jiangmen in the Guangdong province for Hong Kong when southern Asia was invaded by the Japanese. As an adolescent, he helped to aid their household by attempting to sell food on the populous town streets, but later managed to procure construction equipment left out after the U.S. invasion of Okinawa in Japan.
As Hong Kong was going through a reconstruction growth, Lui managed to import the construction equipment and make their first fortune, which was followed by other effective investments including property development, hotels and gambling enterprises.
Payments for Undisputed Full Tilt Claims Approved by Feds
U.S. Comprehensive Tilt poker players with undisputed claims should finally be getting their claims any moment now (Image:keepcalmomatic.uk)
This has been a long road for Americans who possess cash sitting within their Full Tilt Poker records. But nearly 36 months after the events of Black Friday, it appears like nearly all those who have expected with regards to their money-back could be getting their cash into the very not too distant future.
According to John Pappas executive director of this Poker Players Alliance the Department of Justice has approved approximately 30,000 claims made through the Garden City Group (GCG) for the return of funds from Full Tilt Poker records. Which comes after the Department of Justice finished an audit of player petitions that had been processed by GCG, and represents about $82 million in funds that could be returned to American players shortly.
Only Undisputed Funds Returned For Now
Those numbers evidently represent only the Full that is undisputed Tilt claims which can be outstanding. These are claims in which players and all other principals agreed on the amount to be returned towards the player. In the full instance of disputed claims, there is nevertheless no timeline for repayment. Nevertheless, all players with undisputed claims is getting e-mails from the GCG in the days to come that will include guidelines on how to get their money.
That doesn’t mean that the entire remissions procedure is planning to go without a hitch. On the side of minor issues, Pappas said that there are some claims though not a significant number that were filed incorrectly or stay incomplete. Those individuals affected by this dilemma are required to receive e-mails explaining just how to submit the information that is missing complete their claims.
A bigger issue is of exactly what will occur to affiliates and Comprehensive Tilt Poker-sponsored professional players who are nevertheless owed cash. According to Pappas that issue has yet to be resolved, but both the Department of Justice while the GCG are searching in to the matter.
It is still unclear exactly the length of time it will take for Americans to get their funds back, though Pappas seemed positive that the GCG will be able to meet their initial March 31, 2014 due date for many claims.
‘ the claims collected by GCG,’ Pappas said in a thread on this issue at the twoplustwo.com poker forums. ‘The onus is now on GCG to remit the funds to players. I really don’t understand their payment process and it well might be days, maybe not weeks.’
36 Months Coming
The repayment of American players would end a three-year saga in which former Comprehensive Tilt Poker clients have had their account balances sitting frozen and in a state of limbo. After the Black Friday indictments of April 15, 2011, complete Tilt Poker neglected to return balances that are outstanding American players (in contrast to PokerStars, that was in a position to return such funds almost immediately), and fundamentally shut down later that year.
Later, PokerStars would purchase Comprehensive Tilt Poker as part of a deal with the U.S. Department of Justice in order to settle the claims against both sites. That agreement saw PokerStars simply take the responsibility on of repaying Comprehensive Tilt members from around the entire world, but left the payment of Americans to your Department of Justice. According to some estimates, American-owned accounts held the maximum amount of as $184 million on Full Tilt Poker during the time of the web site’s closing.
