The Sting....

[pharlap]

Thought this night amuse or interest some.

http://www.heraldsun.news.com.au/common/story_page/0,5478,17627769%5E10048,00.html

A GROUP of punters is believed to have won more than $200,000 in a carefully planned betting sting on the second race at yesterday's Gold Coast greyhound meeting.

 

[Agent 0659]

I dont understand it, but it sounds pretty cool.

 

[bjfinste]

I like the first sentence of the second paragraph... solid non-chalant use of the word "bitch" in a news story is always nice.

 

[pharlap]

Essentially they manipulated the odds on the local totalisator (pari-mutuel betting system) so the payout from the bookies (who guaranteed to match the tote odds) would be much higher than should have been the case.

 

[pharlap]

Just an update.....looks like they colleted a cool $1 million payout from the books, not the $200k as first thought.

A nice Christmas bonus!