Gambling

Excessive gambling is dangerous – a flutter on the horses is not

Sorry is allegedly the hardest word to say — so Carolyn Harris, chair of the all-party parliamentary group studying gambling-related harm, scored a significant success recently by extracting apologies from a number of leading gambling-industry executives about the damage caused by their business. Representatives from Paddy Power Betfair, William Hill, Sky Bet and bet365 agreed that their firms hadn’t done enough to tackle problem gambling after Dan Taylor of Flutter Entertainment, Paddy Power Betfair’s parent company, acknowledged: ‘The industry has got things wrong and has caused harm to individuals. We mustn’t forget that.’ It is hard to remember now that we have lottery outlets in almost every newsagent and betting

The turf | 14 March 2019

Encountering a generous-hearted bookmaker is normally as rare an occurrence as finding a picture of the Duchess of Sussex without her hand on the Markle pregnancy bump. All credit, then, to Coral and Betfair and one or two others for their behaviour last Saturday. After a thrillingly close finish to the EBF Matchbook VIP Novices’ handicap hurdle at Sandown Park, the topweight One For Rosie, ridden by Sam Twiston-Davies, was declared the winner over the public-address system. Since I had backed him at 12–1, a certain amount of undignified jumping up and down ensued over which my racing companion was remarkably forbearing. But as I went to buy him a

In praise of fixed-odds betting terminals

Racing is an expensive sport to stage. Courses and grandstands have to be maintained, health and safety regulations have to be observed. Human and horse ambulances have to be provided, turnstiles have to be manned and, to maintain the ‘integrity’ of a much gambled-on sport, stables have to be guarded, and photo-finish and race-patrol cameras have to be provided. Recognising this, as they sought to clean up gambling laws in the 1960s, our politicians introduced a rare example of ring-fenced taxation: they sanctioned a levy system on bookmakers to make them responsible for producing a significant contribution to racing’s costs. By 1978 the Gambling Commission was complaining that racing had

Brendan O’Neill

The snobs won against the FOBTs

It’s good to see that for all their bickering over Brexit and war of words over austerity, the Tories and Labour are firmly united on one point of view: that the poor must be saved from themselves. That the wretched are incapable of making sensible choices and therefore their betters must step in and make choices on their behalf. Behold the great bipartisan belief of 21st-century British politics: paternalism. How else do we explain the cross-party effort to reduce the maximum bet one can place on a fixed-odds betting terminal — or FOBT — from £100 to £2? The government unveiled this state-mandated reduction in how much of our own

How can racing balance its funding structure with the issue of problem gambling?

This is an extract from Robin Oakley’s racing column in this week’s Spectator. You can tell by the tone of the jokes how most occupations are regarded and we’ve all heard the traditional ones about the old enemy. ‘Why don’t sharks attack bookies?’ ‘Professional courtesy’. ‘Why did God invent bookmakers?’ ‘To make used-car salesmen look good.’ ‘Why are bookmakers buried an extra six feet down?’ ‘Because deep down they are very nice people.’ OK, such stories are applied to lawyers too. And journalists. But as a Racing Post headline confirmed last week, bookmakers are under heavy pressure. William Hill has been fined £6.2 million for breaching regulations on social responsibility

The turf | 1 March 2018

You can tell by the tone of the jokes how most occupations are regarded and we’ve all heard the traditional ones about the old enemy. ‘Why don’t sharks attack bookies?’ ‘Professional courtesy’. ‘Why did God invent bookmakers?’ ‘To make used-car salesmen look good.’ ‘Why are bookmakers buried an extra six feet down?’ ‘Because deep down they are very nice people.’ OK, such stories are applied to lawyers too. And journalists. But as a Racing Post headline confirmed last week, bookmakers are under heavy pressure. William Hill has been fined £6.2 million for breaching regulations on social responsibility and on money laundering. For example, it allowed a customer to deposit £541,000

Bad feminist

Molly’s Game marks the directorial debut of Hollywood’s most celebrated screenwriter, Aaron Sorkin, and is based on his adaptation of the memoir by Molly Bloom. Nope, me neither, but she’s the one-time Olympic skier who, at the age of 26, started a high-stakes poker game for ‘the richest, the most powerful men in the world’ and ended up with the FBI in her face. Poor Molly, we’re meant to think, when the FBI ends up in her face, but I was delighted. Bang her up! This has been posited as the antidote to all those male-driven, big money Wall Street films, with Sorkin even declaring Ms Bloom a ‘feminist icon’.

The turf | 9 November 2017

Imagine Ryan Moore getting caught on the line by a rival’s late spurt at the end of a Newmarket race and being so upset that he goes to bed without supper, crying like a baby. Then imagine him offering to recompense the owner personally for his lost bets. That is how the popular George Fordham, champion jockey 14 times between 1855 and 1871, behaved after losing that way in 1962. Famed for his scrupulous honesty in the days when racing was riddled with corruption, Fordham has attracted less attention than his younger rival Fred Archer, known as ‘the Tin Man’ for his relentless pursuit of money. But when the two

Unearthly powers

This delightfully good-humoured novel is the sort of genre scramble that doesn’t often work: there’s a bit of 1990s family saga, a bit of mobster crime thriller, a bit of Cold War goat-staring spy story and really quite a lot of psychic/psycho-kinetic fantasy. And yet Daryl Gregory, who won several impressive prizes a few years ago for his fabulous horror novella We Are All Completely Fine, pulls the whole thing off with the unflustered charm of a stage magician. The setting is Chicago in the summer of 1995, where the Telemachus family, formerly a bunch of stage psychics and entertainers (‘Teddy Telemachus and His Amazing Family!’) have fallen on hard

The turf | 28 September 2017

Racing is an expensive sport to stage. Courses and grandstands have to be maintained, health and safety regulations have to be observed. Human and horse ambulances have to be provided, turnstiles have to be manned and, to maintain the ‘integrity’ of a much gambled-on sport, stables have to be guarded, and photo-finish and race-patrol cameras have to be provided. Recognising this, as they sought to clean up gambling laws in the 1960s, our politicians introduced a rare example of ring-fenced taxation: they sanctioned a levy system on bookmakers to make them responsible for producing a significant contribution to racing’s costs. By 1978 the Gambling Commission was complaining that racing had

No ordinary judge

Justice McCardie was anything but a conventional High Court judge. He left school at 15 and was called to the bar at 25. After ten years of provincial practice he turned down the offer from Joseph Chamberlain of a safe Conservative seat, although politics was then the conventional highway to the bench (unlike now when it is a cul de sac). He also rejected an offer of silk, after withdrawing an earlier application which he thought the lord chancellor had been too slow to consider, and was, on the initiative of H.H. Asquith, the then liberal prime minister, appointed to the bench at 47 — the youngest of his generation

Is luck-based investing a fool’s gamble? Spectator Money investigates

I used to like aphorisms. Maybe a little too much. In the good old days, I sought them out on Google – their infinite wisdom reassuring validation for whatever romantic or existential mess I’d gotten myself into. Today, they hold the appeal of a ripe Époisses. Rendered hackneyed and empty by social media. Occasionally, amid the deluge of syrupy cack on my Instagram, I’ll spot a gem. If you want more luck, take more chances. You may play the Euromillions, own Premium Bonds or like me, indulge in the occasional turn of roulette. Unlike me, you probably didn’t disappear on your husband for three hours, before breakfast, inside a Monaco

Low life | 9 February 2017

Dr Ivan Mindlin was the in-house casino doctor at the Stardust in Las Vegas in the early 1970s. Mention any of the main characters in Nick Pileggi’s true-crime classic Casino: the Rise and Fall of the Mob in Las Vegas and the Doc knew them well, including the central characters Lefty and Geri Rosenthal. The mob monster Tony ‘the Ant’ Spilotro he didn’t know personally. He went out of his way to avoid him in fact, he says. But he and Spilotro shared a maid who was forever complaining about the mess Spilotro and his Hole in the Wall gang made when they were relaxing at home. Doc took me

The turf | 19 January 2017

You had to feel for ITV’s new racing team on their opening day at Cheltenham. It was cold, wet and utterly miserable but they opted not to take refuge in a warm studio but to stay close to the action under their brollies, putting a brave face on things. During what I nowadays look back on as my misspent youth as BBC political editor, I once did the same. As I began a live interview for the Nine O’Clock News from an outside balcony at a Labour party conference, bursting to reveal some exclusive information, the heavens opened. I was drenched within 30 seconds but continued, only for the newscaster

Low life | 12 January 2017

Still depressed, or, as Matthew Arnold put it, ‘the foot less prompt to meet the morning dew’, I got out of bed one afternoon and exchanged the soggy Devon hills for the tower blocks of Canary Wharf. I went at the invitation of Dr Ivan Mindlin, orthopaedic surgeon, Las Vegas casino house doctor during the mob-run era of ‘Lefty’ Rosenthal and Tony ‘the Ant’ Spilotro, and one of the most successful sports bettors in US history. He kindly put me up in an ‘executive’ room at a hotel round the corner from his 18th-floor apartment. The first night we went for dinner at a Chinese restaurant. We went there on

Twelve to follow | 10 November 2016

When Theresa May came to power the Turf community was full of hope. Had she not been, if only briefly and in partnership, a racehorse-owner herself? Perhaps, then, she might revive the question Margaret Thatcher used to put to her ministers about any intended senior appointment in Whitehall: ‘One of us?’ Sadly, those early hopes are evaporating fast. It is not just that the pound’s collapse since she confirmed that Brexit means Brexit has given foreign owners a 20 per cent advantage at the bloodstock sales. It is fear of the government’s puritanical streak, a streak that has led to a new gambling review and the suggestion that ministers are

Gambling is risky but it shouldn’t be a con

It’s always puzzled me why there’s still such a taboo around gambling in the UK. If you count people who play the national lottery, more than 50 per cent of us have had a flutter over the past four weeks. And if you like to think of playing the lottery as making a charity donation rather than gambling (are you sure about that?), there’s still almost one in three of us who have gambled in the last month. Like most things, gambling needs to be done in moderation. Lose control and it can have disastrous life-changing effects. But the majority of people who enjoy a flutter manage to do so

On the money | 22 June 2016

Forced to depart Ascot earlier than usual to fulfil a cruise lecture booking on the fjords, I hadn’t reckoned with June in Norway. It turned out to require anoraks and sweaters rather than shorts and suntan oil, although Mrs Oakley and I were better prepared than one lady passenger: having travelled without a scarf, she confessed that it was indeed her deftly folded nightie she had wrapped around her neck for warmth. At least a bit of book-signing went without a hitch, better than the time a young lady asked me to write ‘To Bubbles with love and kisses’ and then, when asked to pay for the signed volume, demurred,

The sport of kings

Queen Victoria disapproved heartily of the racing set and of her son Bertie’s involvement in the sport. But she must have noted a dinner conversation with Bismarck reported to her by Disraeli. The German Chancellor had asked if racing was still encouraged in England. Never more so, said Disraeli, to which Bismarck responded: There will never be socialism in England. You are safe so long as the people are devoted to racing. Here a gentleman cannot ride down the street without 20 persons saying to each other, ’Why has that fellow a horse and I have not one?’ In England the more horses a nobleman has, the more popular he

If I were prime minister, by Ian Fleming

This article was first published in The Spectator on 9 October, 1959. I am a totally non-political animal. I prefer the name of the Liberal Party to the name of any other and I vote Conservative rather than Labour, mainly because the Conservatives have bigger bottoms and I believe that big bottoms make for better government than scrawny ones. I only once attended a debate in the House of Commons. It was, I think, towards the end of 1938 when we were unattractively trying to cajole Mussolini away from Hitler. I found the hollowness and futility of the speeches degrading and infantile and the well-fed, deep-throated ‘hear, hears’ for each mendacious