Rich Ricci

888 have announced they will honour ante-post Cheltenham Festival bets made by BetBright customers (as a goodwill gesture.:whistle:)
 
When the big boys don’t allow you to benefit from ‘special’ terms such as extra places and in some instances NRNB. all the while greatly reducing stake amounts, it is tempting to go to some of the lesser names. Considered doing so for the coming week and Betbright was certainly in the frame. Thankfully decided it was better to deal with some of the smaller but long-standing bookies and increase use of surrogates!
The welcome restrictions on FOBT’s will force the closure of shops and severely curtail the profits of those that presently have large LBO estates. In an ideal market the competition for punters’ money would become more intense however I find that unlikely and expect continuing consolidation and unfortunately collusion.
 
Tanlic said:
Why knock a guy who was smart enough to make over 100,000 million.
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This is 2019 Tanlic…

The way you get at people to destroy their credibility in this day and age, is not by questioning their actions today, but by raking over every pathetic thing they ever did in their past through dodgy sources, or getting a bunch of pussies from primary school to vouch for the fact they're barstewards. :)
 
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Marble said:
This is 2019 Tanlic…

The way you get at people to destroy their credibility in this day and age, is not by questioning their actions today, but by raking over every pathetic thing they ever did in their past through dodgy sources, or getting a bunch of pussies from primary school to vouch for the fact they're barstewards. :)
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And his actions today are equally as reprehensible as his past indiscretions, a cretin yesterday is a cretin today.
 
Just wondering if there should be a stewards inquiry with the Cheltenham Ante Post competition here?
When is an ante post bet not an ante post bet an all that ?
If any bet struck with Betbright should now be declared void ?
If so I can imagine DG, Grey and New Approach ambushing Mr Ricci next week .
 
https://www.racingpost.com/news/u-t...aced-with-betbright-following-purchase/369501

this does not read well

nor do the replies on twitter to 888 after they said they will honour any winning cheltenham antepost bets but nothing else, it's a decent gesture from them they didn't need to do when you consider that they did not buy betbright's sportsbook ledger

ricci and his advisers at betbright are the villain here, terrible way to behave
 
edgt said:
Just wondering if there should be a stewards inquiry with the Cheltenham Ante Post competition here?
When is an ante post bet not an ante post bet an all that ?
If any bet struck with Betbright should now be declared void ?
If so I can imagine DG, Grey and New Approach ambushing Mr Ricci next week .
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Nah. All bets in good faith in the competition should stand
 
edgt said:
Just wondering if there should be a stewards inquiry with the Cheltenham Ante Post competition here?
When is an ante post bet not an ante post bet an all that ?
If any bet struck with Betbright should now be declared void ?
If so I can imagine DG, Grey and New Approach ambushing Mr Ricci next week .
Click to expand...

BetBright were not one of the "allowed" bookmakers in the competition so irrelevant. :)
 
Ricci is all spin and no substance in the Racing Post piece. He can dress it up any way he likes. He and his business partners are attempting to walk away from liabilities while still generating a share of the £15m from 888 for their own pockets. In the process they have treated their customers appallingly and shouldn't be allowed to get away with it.

He says the business was solvent, so if that's the case why have they not honoured the bets and continued with a short-term lease back of the platform from 888 whilst taking no new bets?

Perhaps he, Susanah, and the Rooneys will share private dining together at the Festival so they can swap stories of who has mugged racing and racing people the most with smug grins on their faces. I really hope none of these deplorable people have a winner next week.

Ricci himself should also consider that there is the possibility that there will be some very aggrieved punters there next week too. I really hope it doesn't get ugly.
 
I think that we should know the figures involved, ie:
- number of bets involved with a breakdown to winning and losing bets.
- potential liability of winning bets.
- amount returned for voided losing bets.
 
I agree. After the decisions taken here you'd think Ricci would be all over the numbers like a rash Archie. If they painted a picture that gets them off the hook then surely he would have been armed with them and quoting them in the RP.
 
Hard to know without seeing the figures. They may have had legal advice about how much can/should be revealed before any investigation. I suspect that the figures are not huge.

What I can't accept is that there is a deadline for punters to withdraw money from their accounts. It should be done automatically back to the place from which the funds were deposited after a communication that this will happen on a certain date if no other preference is indicated.
 
Ricci has said that exact details of the Betbright positions can’t be made public because it’s commercial and proprietary information. That may be true but it would be good to see the statement backed up by lawyers



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It would be nice if they could withhold Ricci's prize money next week until all bets taken are honoured, and not just the Cheltenham ones. Correcct me if I'm wrong, but wouldn't such behaviour in the past have lead to him being banned from racecourses?
 
Introduced a nice one in the beginners chase today

Do wonder what reaction he gets next week and if he goes on TV will they have the impetus to push him for straight answers.
 
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