How to beat an arrogant bookie is Patrick Vietch’s unofficial method of operation. To Britain’s most successful horse bettor, it’s not about the horse or the race, it’s about the mistakes bookies make, and how to pounce on them. Veitch is so successful; tracks have not taken his bets in ages. Veitch does not even bother coming to the tracks. He takes it all in on computer screens. His winnings in his gambling career are astounding, over 10 million pounds.
So, how is he faring with the advent of electronic exchanges? Veitch is not telling. He is not insecure; he has a middle-class background, education and plenty of contacts. He dropped out of college where he was a math prodigy because he saw a future in horse racing. His head reportedly works faster than a computer when he does figures. Despite all that, he also has the humility to work hard on strategies, but thriving with exchanges? That’s another trick.
Veitch’s big win came ten years ago with Cirulean Rose in 2003 when he eyed a developing sprinter before the bookies noticed, put 45,000 pounds on a 9-2 and a 6-1 and cleaned up at over 262,000 pounds. His other big wins are a bit dodgy. According to sources, he set bookies up by monkeying with his own horse in one race. In another instance, he offered free advice on a short running horse to its trainer who took it, and Veitch cleaned up in the following race.
Therefore, he is not appalled at betting on insider knowledge. He petitions race officials to allow owners to bet on their horses. Still, you must admire his frankness: He does not believe puts anything in to society with his gambling. Only time will tell if he thrives in the New Age of horse racing