Betting

The Speculator: Why I get so excited at goalless football matches

A successful gambler once told me: ‘Never bet on football, never bet on multipliers, and never ever bet on football multipliers.’ Multipliers, in case you don’t know, are those enticing combination wagers on bookmakers’ shopfronts: ‘Liverpool win 2-0 + Sturridge to score = 33/1.’ Mugs like me fall for them every time. My subconscious tends to add together the two probabilities — that of Sturridge scoring and that of Liverpool winning 2-0 — when really I should be multiplying them. Duh. The bookies don’t always triumph when it comes to football, however.

Bookies following Philip Hensher’s Booker shortlist

The Guardian notes that Ladbrokes and William Hill share Philip Hensher’s hunch for the Booker shortlist, which is to be unveiled next week. ‘Hunch’ isn’t the right word. Hensher wrote in these pages a fortnight ago: ‘The shortlist should comprise McCann, Tóibín, Mendelson, Crace, House and Catton. House’s novel is the one you ought to read, and Mendelson’s the one that everyone will read and love. The prize will go to Crace.’ For the record then, Hensher’s shortlist would be: TransAtlantic by Colum McCann, The Testament of Mary by Colm Tóibín, Almost English by Charlotte Mendelson, Harvest by Jim Crace, The Kills by Richard House and The Luminaries by Eleanor Catton, with the prize going to Crace.

Treachery in UKIP?

Steerpike is back in this week's edition of the Specator. Here is a preview: 'Is there treachery at the top of Ukip? Westminster has been buzzing with the rumour that Party treasurer Stuart Wheeler has laid money on the Conservatives to win an overall majority in 2015. Can it possibly be true? Mr Steerpike called Mr Wheeler who was happy to spill the beans. Yes, he said, he has placed a bet — ‘bigger than a fiver but not huge’ — but not because he thinks or hopes the Tories will win. ‘I expect to lose the money,’ he says cheerfully, ‘but the odds of 4/1 looked a bit long.’ He’s also laid cash on Nigel Farage to become an MP and on Ukip to grab at least two seats at the election.

Less alcohol, fewer drugs: how the British seem to be shedding their harmful habits

Gripped by his habitual despair, the French novelist Gustave Flaubert wrote to a friend in 1872, ‘I am appalled at the state of society. I’m filled with the sadness that must have affected the Romans of the 4th century. I feel irredeemable barbarism rising from the bowels of the earth.’ Warming to his bleak scatological theme, he continued, ‘I have always tried to live in an ivory tower, but a tide of shit is beating at its walls, threatening to undermine it.’ Many commentators would feel that exactly the same words could be applied to modern Britain. According to the pessimistic narrative of national decline, Britain is now drowning in the effluence of moral collapse. We inhabit a country supposedly awash with vice and decadence.

Stuart Wheeler – the secret to making money from spread betting

Well, there are two ways. You can own a chunk of a successful spread-betting firm or you can be a spread-better and get things right. Miraculously, I have managed to do both. I shall come back to that. First, let me tell you how it works. How many runs will England make in the first innings of their next Test match? The bookmaker — all spread-betting firms are bookies, whatever gravitas they may attempt to assume — might quote 260–270. You think they will make more than 270. So you ‘buy’ at 270, staking £10 a run. England make 350 runs. So you are right by 80 runs and, at £10 a run, you make £800 profit. The quote at 260–270 might just as well have been a share price, in pence. It makes no difference.

Cricket is more than a game

Does this advert ring a bell? It showed a handsome young man hitting a cricket ball far into the distance. It appeared on the Tube last spring. The tagline read: ‘How far can you hit it, Rory?’ The advert said that the young man was Rory Hamilton-Brown, captain of Surrey County Cricket Club. It urged commuters to watch his team play. It suggested glamour and clamour; neither of which is associated with stolid county cricket. Something was afoot. Hamilton-Brown had been appointed three years earlier, aged 22, to rejuvenate Surrey, a once great club wandering in the wilderness. He was the youngest captain in the country, and one of the most famous, despite not having played for England – the traditional mark of success.

Boris has won already, says bookie

We may still be 19 hours away from the polls opening — and more than 48 away from hearing the result — but bookmaker Paddy Power has already paid out £20,000 to punters who bet on Boris. It’s a publicity stunt by the company, but one that's unlikely to backfire, with the pollsters agreeing that Boris is set for re-election — the only question seems to be how much he’ll win by. YouGov show him 4 points ahead of Ken in the second round, ComRes have him up by 8, Survation 10 and Populus 12. Paddy Power says that 94 per cent of the bets they took on the race in the 24 hours before they paid out were for Boris. Similarly, Ladbrokes announced yesterday that 88 per cent of the cash bet had been for the current Mayor.

Victorian rough and tumble

Derby Day is meticulously plotted and written with bouncy confidence. It tells the story of a sordid, conniving rascal called Happerton who plots a betting swindle for a Derby of the 1860s. He marries the colourless but near-sociopathic daughter of a rich attorney, and cheats on her without noticing the intensity of her passion for him. The couple sedate the old man, reduce him to his dotage and raid his savings. Happerton also masterminds a raid on the strong-room of a City jewellers — echoes here of the jewellery raid in Taylor’s previous novel, At the Chime of a City Clock.

Cricket’s dilemma

That the three Pakistani cricketers involved in the spot-fixing allegations have withdrawn from the rest of the tour means that the T20s and one day games will now definitely go ahead. If the accused had played, it would have been hard to see how the matches could have gone ahead and if they had, how they could have been taken at face-value by anyone. If the allegations against the men turn out to be correct, then the game will have to decide how to punish them. This is going to be a hard call. On the one hand, banning them for life would serve as a real deterrent to anyone tempted to get involved in future scams. But on the other, depriving Pakistan of two cricketers of the talents of Amir and Asif would further weaken Pakistani cricket.