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A PAPERBACK FOR bookmakers on how to calculate bets sounds like a classic example of taking coals to Newcastle or providing egg- sucking lessons for grannies. But William Hill’s Media Relations Director Graham Sharpe has that priceless ability to make the mundane interesting. The latest offering from
Book Review by Chris Pitt
selections didn’t run – then you don’t need this little tome and this is where you and we part company!’ However, if you thought a
Flag was something you run up a pole, can’t tell a Trixie from a Tricast, or don’t recognise D-S-A as the abbreviation for Double-stakes-about, then it’s well worth getting. In addition to a glossary of
currency days when, on course at least, all betting was to the nearest sixpence and thus “2/- at 15-8 returns 5/6, not 5/8, and so on.” Wood goes on to explain ‘The Fundamentals of Bookmaking’, including building and balancing a book, hedging, and that now endangered species, the tic tac code. That book was written
bets and racing/betting-related terms, contents include general rules for sports betting – did you know that, in athletics, the ‘medals’ ceremony equates to the ‘weigh-in’? – plus Tattersalls’ rules and a ‘Useful Charts and Tables’ section comprising permutation and percentage tables along with distance and weight conversions. But arguably the most
eight years before LBOs were legalised. He remarked in his section on SP offices that ‘a change is on the way’, noting that, when that change came: ‘The ready-money system is bound to pass through a few growing pains before it settles down, but it will certainly work out smoothly all in good time.’ It makes one wonder what
interesting part is left to last, this being extracts from the 1953-published How to Become a Bookmaker by R. W. Wood, which gives an insight into how the business operated over half a century ago, in pre-decimal
the industry’s most prolific author, A Gentleman’s Guide to Calculating Winning Bets, originally saw the light of day as a hardback in 2007. This pocket size paperback version contains 192 pages, over half of which is given over to a comprehensive ready reckoner. As Sharpe writes in his
introduction: ‘If you can work out how much you’ve got to come on three winners in a Heinz at odds of 8-13, 100-30 and 13-2 with the unit stake 15p, bearing in mind that Tattersalls Rule 4(c) applied to one of the winners, and another of your
he’d say if he was around today!n
A Gentleman’s Guide to Calculating Winning Bets is published by High Stakes and costs £6.99.
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30 July/August 2010 BOS Magazine Please mention BOS Magazine when replying to advertisements
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