Why The Bookie Is NOT Your Friend

This week I did something I promised I would never do…… I got into a twitter ‘spat’.

Well it was probably more of a ‘strong debate’ than a spat, but it was on a subject that matters a lot to me: bookmakers and how they treat punters.

The bookie in question was Stan James and my ‘opponent’ their head of PR – Rory Jiwani. Now for all intents and purposes, Rory is a nice bloke and he deserves credit for being one of the few people to actually try and discuss issues that few other bookie reps actually will.

My challenge to Rory was how can he defend his bookmaker (Stan James) who are routinely one of the most complained about bookmakers amongst our members. This is backed up by stats whereby they were ranked 26th out of 27 major football bookies and 16th out of 19 major racing bookies, according to 2 large recent SBC members surveys.

Part of the reason for their lowly rating is their apparent clampdown on winning punters accounts as 52.29% of respondents in our recent horse racing survey had their Stan James account closed down. This was by far the worst stat for closures and I was keen to find out why Stan James had so little time for anyone making a semblance of profit! Why were they so different from many other bookies and not keen to lay a bet?

Ultimately, my quest for answers was not fruitful (no big surprise!), but it helps raise a very serious topic once again…that the bookie is not your friend.

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Are You A Victim Of The Betting Odds Conspiracy?

As punters these days we can bet on pretty much anything we like from the existence of Aliens being proven (33/1 to happen this year) to the winner of the Eurovision song contest, where nearly £1million has been matched at Betfair already! (It’s safe to say that Terry Wogan’s wig will be trending this weekend too!)

There is however one thing that binds us all together as punters: Bookmakers.

Love or hate them, there is no getting away from the fact we simply can’t bet without them. Yet choosing the right bookmaker to bet with is critical and can make a massive difference to your profits…(and sometimes whether we make a profit or not in the first place!).

Yet our own research at the Smart Betting Club indicates that the majority of punters are actually betting with the wrong bookmakers!

This finding is based on the stats from our 2 independent bookmaker guides (#1 on Football and #2 on Horse Racing), where we found that when it comes to the worst bookmakers…. Continue reading