Thought I'd share this with some of you.... Very interesting read. Big news within the poker 7 betting forum in the last day or 2
Discussions about: Staking - Betfair Football Trading
Here's a concise summary (not my words):
1) Neil Blatchly a.k.a Blatch is a popular and well known UK Poker Player and very popular on the Blonde forum and is known as a high limit sports trader on Betfair
2) He somehow manages to amass a trading bankroll of £60-70,000 from over 40 investors, 3 of which are high roller UK Poker Players and invest 10k each. He has everyones implicit trust.
3) He does well from August to January and is upto £85,000.
4) He keeps on doing well for the rest of the seasom making small profits and some small losses start creeping in but the investors are still delighted, hey its better than money in the bank.
5) He says he will keep this going into the World Cup if people wish but some people object and request their shares. He delays these people several times so suspicions at last start to arise.
6) A poster calls Arbboy registers on the Blonde forum and wonders why everyone trusts this guy so much and launches an attack on him calling him out to prove all his wins and account balance by posting screenshots etc.
7) Blatch comes out and claims he lost the full bankroll on the Liverpool v Stoke game in January by falling asleep pre match. All the trades hes made since then are make believe. He claims the reason for continuing to lie for months and months is because he was trying to make the money back so no one would know about it. But the worst bit is that in April he made a staking thread for staking for the World Series of Poker and managed to get £14,000 from various people. It is assumed he used this money to try and win back the £80,000..
8 ) In April/May he took his family ona trip of a lifetime to Florida and Miami where they stayed in a 5* hotel and he kept posting on his facebook about how brilliant and posh his trip was.
9) Now everyone knows the money is long gone and its come out that he didnt lose it on Liverpool v Stoke at all, he lost it being a degenerate gambler, betting on roullette and horse racing and the likes.
10) He claims he is moving back in with his parents (hes 35) and selling his fiesta and getting a job and plans to pay everyone back eventually.
11) People are devastated. They want to get the police involved, some have lost their savings, some cant go on holiday this summer because of it.
Discussions about: Staking - Betfair Football Trading
Here's a concise summary (not my words):
1) Neil Blatchly a.k.a Blatch is a popular and well known UK Poker Player and very popular on the Blonde forum and is known as a high limit sports trader on Betfair
2) He somehow manages to amass a trading bankroll of £60-70,000 from over 40 investors, 3 of which are high roller UK Poker Players and invest 10k each. He has everyones implicit trust.
3) He does well from August to January and is upto £85,000.
4) He keeps on doing well for the rest of the seasom making small profits and some small losses start creeping in but the investors are still delighted, hey its better than money in the bank.
5) He says he will keep this going into the World Cup if people wish but some people object and request their shares. He delays these people several times so suspicions at last start to arise.
6) A poster calls Arbboy registers on the Blonde forum and wonders why everyone trusts this guy so much and launches an attack on him calling him out to prove all his wins and account balance by posting screenshots etc.
7) Blatch comes out and claims he lost the full bankroll on the Liverpool v Stoke game in January by falling asleep pre match. All the trades hes made since then are make believe. He claims the reason for continuing to lie for months and months is because he was trying to make the money back so no one would know about it. But the worst bit is that in April he made a staking thread for staking for the World Series of Poker and managed to get £14,000 from various people. It is assumed he used this money to try and win back the £80,000..
8 ) In April/May he took his family ona trip of a lifetime to Florida and Miami where they stayed in a 5* hotel and he kept posting on his facebook about how brilliant and posh his trip was.
9) Now everyone knows the money is long gone and its come out that he didnt lose it on Liverpool v Stoke at all, he lost it being a degenerate gambler, betting on roullette and horse racing and the likes.
10) He claims he is moving back in with his parents (hes 35) and selling his fiesta and getting a job and plans to pay everyone back eventually.
11) People are devastated. They want to get the police involved, some have lost their savings, some cant go on holiday this summer because of it.
