News0 min ago
More Betting Allegations
the conservative party's chief data officer has taken a leave of absence due to allegations that he placed dozens of bets on the date of the election before it was announced. he is the fourth tory official so far who has been accused of doing so
could there be a more fitting epitaph for the last 14 years?
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I’ve already posted my view on this – it’s rather like I’m going to roll a dice (to pick a random number) and the bookies are going to allow me to place a bet on the outcome.
However I’m going to roll the dice on Wednesday (at 12 noon), and the bookies know this and are willing to accept bets up until Thursday (at 12 noon) and there is no restriction on who I might inform of the outcome of the dice roll.
If the bookies are stupid enough to accept bets on the above scenario, then they deserve to lose everything.
One bet on the exact date the PM announced (very soon after the bets were placed) coukd just be a lucky guess. Multiple bets on that particular date is obviously akin to insider trading.
If these multiple bets were placed with the same 'firm', then i tend to agree with Hymie in that the bokes were stupid to take them. However, if these people have been 'sensible' (i use that term very loosely) and used various firms, then the 'suspicious activity' wouldn't initially be apparent.
They seem to have used accounts with the bookmakers to place their bets and so we're easily traced.
If you walked into a betting shop and placed a bet with cash you'd be given a docket and the staff would have no idea who you were.
Going back to try and collect your winnings might have been problematic if there was a scandal brewing around others who had used accounts to place their bets.
I would never risk my job (if I had one) or tarnish my reputation for the sort of money these eejits would recoup.
If they hadn't been found out at this stage I am sure that someone would have found out about it and blabbed to press or police.
Not exactly master criminals, brainless morons is more like it.
> done it before ? No I dont think elections are slam dunks - OK Thatcher no 1 and Bliar 1997
They bet on the timing of the election, not the result ...
Given their obvious propensity to gain personally from insider information, it's hard to believe this would be the first time ever that they'd profited. The number of different people involved suggests that it's more a culture of profiting, the same kind of toxic culture that brought suitcases of wine into Number 10 during lockdown ... absolutely extracting the urine over us plebs.
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