Barney Curley and Tusculum

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rook1984
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Barney Curley and Tusculum

Post by rook1984 »

Had been beaten over 200 lengths in its last four races. Opened up around 7/2 this morning and was smashed into 8/11 before cruising home. How does the man get away with it?
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harry2
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Post by harry2 »

The Yellow Sam betting coup was a successful sports betting scam, infamous within Irish and British thoroughbred horse racing.

It happened at Bellewstown on 26 June 1975, and was orchestrated by Barney Curley, a Northern Irish professional gambler and entrepreneur. By taking advantage of an under-handicapped horse and the lack of easy communications between the Bellewstown racing course and off-course bookmakers, Curley made a profit of over IR£300,000 (>€1.7m adjusted for inflation) - one of the largest betting coups in Irish history.[1][2]


[edit] The coup
Yellow Sam was a "slow but steady" horse bought by Curley and was given his name from his father's nickname at the races. Curley instructed the horse's trainer, Liam Brennan, to train Yellow Sam specifically for the somewhat obscure annual National Hunt race at Bellewstown, featuring mostly amateur jockeys. To ensure that the horse would run at least once with a much lighter handicap than would normally be the case, Curley first ran the horse in a series of races on other tracks in unfavourable conditions.[3]

Curley spent weeks developing the plan and putting people in place. On the day of the race, Yellow Sam's starting price was 20-1, but if large sums of money were being placed on the horse, that figure would drop quickly, drastically reducing the coup's potential take. It was for this reason that Yellow Sam was to race at Bellewstown specifically, as the track was serviced by just one public telephone and had no private lines at all – making it uniquely possible to disrupt communications to the course bookies who determined the starting prices for the participants.[3][4][5]

Dozens of Curley's friends, acquaintances, and paid accomplices stood in bookkeepers across the country with between £50 and £300 and sealed instructions to be opened upon receiving a call. None of the accomplices knew beforehand which horse had been prepared, or in which race it was to run. Curley called six or seven of his people at 2.50pm, ten minutes before the race was to start, and instructed them to each call ten to twenty others. In all, Curley invested just over £15,000, his entire savings, in the gamble. Twenty-five minutes before the race was about to start, and fifteen minutes before the bets were to be placed, Benny O'Hanlon, a friend of Curley's in on the plot, walked into the telephone booth and pretended to place a call to a dying aunt in a non-existent hospital. His act was convincing, as the queue behind him waiting to use the telephone sympathetically allowed him to continue talking for half an hour, while off-course bookies desperately trying to lay off their liabilities struggled in vain to contact their counterparts on the course.[3][5]

Curley had already built up something of a reputation during his years as a professional gambler, and knew that his presence at the course was likely to cause concern amongst the bookies, and possibly give away the scam before the off. Still, with so much at stake he wanted to see the race first-hand, so he crept into the centre of the course and watched the race concealed in a thicket of gorse. The gamble succeeded, with Yellow Sam winning the 13-hurdle race by two and a half lengths.[3] Since nothing about the coup had been illegal, the bookkeepers were forced to pay out the full IR£300,000 (>€1.7m adjusted for inflation). They did, however, pay out the winnings in single notes, filling 108 bags.[2][5]


[edit] Aftermath
The coup made Barney Curley infamous throughout Ireland and the United Kingdom, and made headlines in many Irish and British national newspapers and television reports. To this day, it continues to be listed as one of the greatest betting scams of all time.[4] Curley invested his earnings in a stable of horses which he continued to have trained for specific gambles, and in the purchase of Middleton House, a mansion in Mullingar, County Westmeath – for which he later ran a raffle of dubious legality, earning him over £1m.[3]

Irish bookkeepers amended their rulebook following the coup to require that bets of over £100 be placed at least half an hour before the start of the race. Bellewstown Race Course itself played up the coup in later years, and in 2005 ran the "Seamus Murphy Yellow Sam 30th Anniversary Hurdle", inviting Barney Curley and Liam Brennan to observe the celebrations.[6]

Yellow Sam continued to run in other races, and in his autobiography, Curley reported having earned a further £700,000 in bets on the horse before it was retired.[3]
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HorseRacingKing
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Post by HorseRacingKing »

;)
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harry2
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Post by harry2 »

His autobiography "Giving A Little Back" is a very good read. Highly recommended. Often seen Mr Curley at Ascot in the jumps season.
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rook1984
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Post by rook1984 »

Yeah I had heard the Yellow Sam story before.

Amazing how he does it. Look back through its form though and was trained by none other than Aidan O Brien.

Had a fair bit of good form as well and if memory serves me right was beaten 5 or 6 lengths in Sixties Icon ST Leger victory.
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harry2
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Post by harry2 »

There was a programme on a couple of years ago, World's Greatest Betting Scams or similar. With card counters, dice throwers and roulette predictors. Never get away with it today, but it happened in the 70's and 80's. Andy Bloch (pro poker player) was a card counter and Greg Raymer developed a blackjack system.
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Northern Monkey
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Post by Northern Monkey »

Wasn't there a similar coup at Cartmel (also a remote location)- think it may have been covered in that program mentioned H?
rook1984
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Post by rook1984 »

It does just go to show how much racing is fixed though.
HorseRacingKing
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Post by HorseRacingKing »

rook1984 wrote:It does just go to show how much racing is fixed though.
Racing is not fixed but the prize money and handicapper leaves trainers no choice, a horse is an asset any to have an overlay in profit for the owners measures have to be taken of course bending rather then breaking rules. You;ll only notice these trends the in the lower tier of racing
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harry2
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Post by harry2 »

What about Mark Prescott's several coups and Luca Cumani ? They could hardly be described as lower tier. Jack Ramsden and Fallon took millions off the bookies in the Cambridgeshire. Or the legendary Alex Bird !!!!!
Bookies know the gambling yards, not too difficult to fathom out.
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harry2
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Post by harry2 »

The pro way to gambling combines speed figures, sectionals and overall race times and a lot of study.
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HorseRacingKing
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Post by HorseRacingKing »

harry2 wrote:The pro way to gambling combines speed figures, sectionals and overall race times and a lot of study.
Thats what I do and if you would like to look at some of my work Harry then feel free to drop you're msn, you'll be suprised how much i get through.
harry2 wrote:What about Mark Prescott's several coups and Luca Cumani ? They could hardly be described as lower tier.
They are masters, nothing they have or will do is wrong. They buy bloodlines that mature late say 3-4yo, they wont be anything special at 2 which allows them into handicaps at 3 off a very nice mark and they work there way up the ladder, they've had group horses starting in handicaps of 60's 70's, its because they are very very good at what they do.
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