View Full Version : ANDY BEYER OUT $20,440.
karlskorner
12-18-2008, 11:00 AM
snip from THORUGHBRED TIMES 12/17/2OO8 BY FRANK ANGST
BANKRUPTCY COULD COST BETTORS NEARLY $500,000.
"Nearly a half-million dollars from hundreds of betting accounts is in limbo after a New Hampshire rebate shop declared bankruptcy.
The Hinsdale Grayhound Racing Association, which handled significantly more money on Throughbred racing as a rebate shop than dog racing, filed Chapter 7 bankruptcy on Monday. The filing lists hundreds of bettors, including Herschel Bird who is owed $138,150, as creditors
Creditors believed to be bettors are owed more than $450,000. Another listed creditor is well-known horse racing author and hadicapper ANDY BEYER, who could be out $20,440.00
"I've already written that money off" Beyer said. "I don't expect to ever see it again"
Like many bettors at the New Hampshire rebate shop, Beyer was commited to keeping his money in the pari-mutual pools Besides supporting the industry, Beyer thought his money would be safe with a licensed operator, compared with anoffshore bookmaker.
"I've always been wry of the offshore operations. You don't know if they are going to be there from one day to the next" Beyer said "I thought they would be dangerous" (end)
You can find the the entire story at TTTimes under "Bankruptcy could cost bettors nearly $500,000 along witha statement from Joe Riddell, a co-owner of PREMIER TURF CLUF
Old news, already posted:
http://www.paceadvantage.com/forum/showthread.php?t=53345
Pace Cap'n
12-18-2008, 04:44 PM
Old news, already posted:
http://www.paceadvantage.com/forum/showthread.php?t=53345
Where in that thread does it state Andy Beyer is out $20,400.00?
CincyHorseplayer
12-18-2008, 04:56 PM
Where in that thread does it state Andy Beyer is out $20,400.00?
It's in the link on the opening post.
slewis
12-18-2008, 05:33 PM
It shouldn't be a secret to anyone that racetracks and ADWs are violating the law.
In NY, I believe there is a law that clearly states that customer betting money MUST be set aside and paid to the bettors and that the track is entitled to only use the percentage agreed in their franchise agreement or that such agreement with another betting hub. They may not co-mingle funds, in effect, write themselves an interest free loan.
But NYRA didn't do that. They used customer money which was to be paid to bettors for other use, and violated the law. I'm warning everyone who has an account that this thing is posible again and that something similar to this might happen to you.
If you leave your money in the hands of racetrack management, your the fool.
By the way.. questioning possible illegal activity at Aqueduct..
By the way... I believe there is a flee market in the parking lot at Aqueduct.
The state now OWNS this land.... I wonder if the state is getting in on the "action".......:rolleyes: Just curious since we're in such an economic crisis!
Maybe I'll call Getnnick and Getnick!:lol: oopps they work for NYRA now...:lol: :lol: :lol:
the little guy
12-18-2008, 05:39 PM
As you can imagine, this loss has wiped Beyer out ( what would you expect from a barely literate maker of completely worthless and trivial supposed speed figures ), and he is ready to begin anew by, you guessed it, playing the Karlskorner method. He will, presumably, be taking his place in the paddock of whatever south Florida racetrack is open, checking for minor changes to the cup sizes of the horses entered, betting $40 on most races, and then posting on PaceAdvantage that he had any horse that paid over $8 ( usually one or two a week at Calder ). The good news for him is that, with this method, no matter how he actually does, he will have recouped his $20K, and then some, in just a matter of months. As, let's face it, it's not really how you do, but how you say you do on the internet.
cj's dad
12-18-2008, 06:11 PM
As you can imagine, this loss has wiped Beyer out ( what would you expect from a barely literate maker of completely worthless and trivial supposed speed figures ), and he is ready to begin anew by, you guessed it, playing the Karlskorner method. He will, presumably, be taking his place in the paddock of whatever south Florida racetrack is open, checking for minor changes to the cup sizes of the horses entered, betting $40 on most races, and then posting on PaceAdvantage that he had any horse that paid over $8 ( usually one or two a week at Calder ). The good news for him is that, with this method, no matter how he actually does, he will have recouped his $20K, and then some, in just a matter of months. As, let's face it, it's not really how you do, but how you say you do on the internet.
Lets see; KK's $70K per annum divided by AB's $20.4K loss at $40 per wager. Divide 70 by 20.4 = .291
365 days per year x .291 = 106.21 days
Andy Beyers will be all square on or about April 4th @
5:00 AM. He will of course have to follow KK's regimen precisely.
As you can imagine, this loss has wiped Beyer out ( what would you expect from a barely literate maker of completely worthless and trivial supposed speed figures ), and he is ready to begin anew by, you guessed it, playing the Karlskorner method. He will, presumably, be taking his place in the paddock of whatever south Florida racetrack is open, checking for minor changes to the cup sizes of the horses entered, betting $40 on most races, and then posting on PaceAdvantage that he had any horse that paid over $8 ( usually one or two a week at Calder ). The good news for him is that, with this method, no matter how he actually does, he will have recouped his $20K, and then some, in just a matter of months. As, let's face it, it's not really how you do, but how you say you do on the internet.
Maybe you can convince Beyer to push the limits to an average of $50 a race, than it would only take a couple months. If he could stomach that...
And it is about time he realizes what it takes to really win so he can write his next book ;)
ranchwest
12-19-2008, 12:40 AM
As you can imagine, this loss has wiped Beyer out ( what would you expect from a barely literate maker of completely worthless and trivial supposed speed figures ), and he is ready to begin anew by, you guessed it, playing the Karlskorner method. He will, presumably, be taking his place in the paddock of whatever south Florida racetrack is open, checking for minor changes to the cup sizes of the horses entered, betting $40 on most races, and then posting on PaceAdvantage that he had any horse that paid over $8 ( usually one or two a week at Calder ). The good news for him is that, with this method, no matter how he actually does, he will have recouped his $20K, and then some, in just a matter of months. As, let's face it, it's not really how you do, but how you say you do on the internet.
You're so full of it. Everyone knows that to make the big bucks you have to play the Chinese Double. Everyone.
Sheesh.
Tom Barrister
12-19-2008, 02:04 AM
A month of royalties for the Beyer figures down the drain.
Follow up to Beyer on Speed......Beyer on Welfare? :rolleyes:
Regardless of subject; every Karl thread soon becomes déjà vu.
PaceAdvantage
12-19-2008, 11:53 AM
Regardless of subject; every Karl thread soon becomes déjà vu.Karl doesn't seem to mind.
Light
12-19-2008, 12:20 PM
Maybe Beyer should take a few pointers from KK. I mean how good is Beyer anyrate? He goes through more consecutive goose eggs that anyone would care for before popping. When he hits, I'm not so sure it makes up for all those gooses anymore.
Maybe Beyer should take a few pointers from KK. I mean how good is Beyer anyrate? He goes through more consecutive goose eggs that anyone would care for before popping. When he hits, I'm not so sure it makes up for all those gooses anymore.
This is about as uninformed post as you will find. Do you think he only bets the very few races he writes about? The guy is betting a lot of races at several tracks. I don't think he is hanging up that big a string of goose eggs.
Light
12-19-2008, 12:43 PM
I've seen his bets over the course of several months. Not impressed.
Karl doesn't seem to mind.
It almost seems like he enjoys it.
I've seen his bets over the course of several months. Not impressed.
Well, then maybe it isn't uninformed. Are you saying you've seen what he actually bets for the last several months? I would find that hard to believe.
I am sure Andy would love to learn how to appear in the paddock each race and yet remain invisible.
the little guy
12-19-2008, 01:19 PM
I've seen his bets over the course of several months. Not impressed.
Let me guess, when he hit that Pick-6 at Saratoga a couple of years ago for $192K, he used four horses in one leg, and therefore made a terrible play?
Light
12-19-2008, 01:20 PM
Are you saying you've seen what he actually bets for the last several months?
Not recently, but before that I've seen his specific bets. Obviously cannot reveal my source. But from what I saw,it was a loss of a few thousand. He goes overboard on those big pk6 carryovers,betting maybe $2k in 6 different tickets and hitting 4 or 5 out of 6. His other bets come up with long goose strings. He does however nail a $20 horse with $100 to win...occasionally.But that's not enough to recoup. He may have had other bets going on at the time that I was unaware of that produced a profit. But from what I saw,it was a loss. I do like the guy and am not saying this to knock him. Journalistically I think he's one of the best. But from what I've seen he's overrated when it comes down to making money at the track.
Light
12-19-2008, 01:36 PM
Let me guess, when he hit that Pick-6 at Saratoga a couple of years ago for $192K, he used four horses in one leg, and therefore made a terrible play?
Havent heard of that one. Got a link?
the little guy
12-19-2008, 01:41 PM
Havent heard of that one. Got a link?
This is coming from someone who posts here that they were privy to some of Beyer's betting through an unnamed source. You are a never ending source of entertainment. My only regret is that you don't have 22,000 posts instead of 2,000.
I'll loan him some.
22,000? Got ya covered!
PA?
:rolleyes::lol:
Light
12-19-2008, 02:01 PM
This is coming from someone who posts here that they were privy to some of Beyer's betting through an unnamed source. You are a never ending source of entertainment. My only regret is that you don't have 22,000 posts instead of 2,000.
As I said,I doubt that what I saw was ALL of Beyers bets for the period of time I saw them. So wether or not he hit a big pick six at Saratoga is irrelevant and impractical because most people dont play that way(i.E. waiting for Godot,er,I mean the big one). On an everyday level,his returns were depressing.
the little guy
12-19-2008, 02:10 PM
As I said,I doubt that what I saw was ALL of Beyers bets for the period of time I saw them. So wether or not he hit a big pick six at Saratoga is irrelevant and impractical because most people dont play that way(i.E. waiting for Godot,er,I mean the big one). On an everyday level,his returns were depressing.
Ah....right. Gotcha.
How about the Colossus of Rhodes....impressed? The Pyramids at Giza....impressed? The Great Wall?
I'm just trying to find out what it takes. I mean, obviously you have made so much money betting horses, and hit so many Pick-6s, that it takes a great deal to impress you. I heard Picasso was hard to please as well....and that Shakespeare guy was a real bitch.....and I have no doubt that your racing accomplishments dwarf their minor achievements in their respective fields of expertise.
classhandicapper
12-19-2008, 02:14 PM
Personally, I think this is huge blow to horseracing.
To me, player's funds should clearly not be commingled with operating funds and also should have absolutely nothing to do with bankruptcy issues. Anything less, and you'd have to be crazy to keep serious money at any of these places because the finances are almost never transparent.
Seriously, the level of stupidlity in this industry is sometimes mind boggling. It's like someone went around the world and collected the all dumbest people on the planet and they took over horseracing.
This exact thing was a "potential" issue at some of the poker sites at the beginning of the poker boom, but the bigger ones immediately set it up so that player accounts were held seperate from operations etc.. and removed that risk. Then players felt more comfortable keeping large sums in action.
I'm not a huge bettor. So I can function quite well with just a few thousand spread over several accounts. That limits my risk. But if my handle was a lot larger I'd be on the phone with the various betting places I use talking about the risks and probably making large withdrawls.
George Sands
12-19-2008, 02:16 PM
Not recently, but before that I've seen his specific bets. Obviously cannot reveal my source
A wise choice. She might get mad and stop putting candy under your pillow.
Light
12-19-2008, 02:21 PM
TLG
Dude,there's the rich and elite and there's the common man. If you think the common man can do what the rich do,you've never owned a bank account. Beyer,Crist,these guys rely on the big one. Its dictated by their class. I'm talking about relating to the common man. The common man doesn't have those kinds of bucks to invest in Pk6's for financial salvation from being goosed all year. I'm more impresed with paupers turning a profit with limited resources than millionaires earning a few with their vast sums. BTW,I still cant find any links on the net about Beyers Saratoga score in 2006.
the little guy
12-19-2008, 02:28 PM
TLG
Dude,there's the rich and elite and there's the common man. If you think the common man can do what the rich do,you've never owned a bank account. Beyer,Crist,these guys rely on the big one. Its dictated by their class. I'm talking about relating to the common man. The common man doesn't have those kinds of bucks to invest in Pk6's for financial salvation from being goosed all year. I'm more impresed with paupers turning a profit with limited resources than millionaires earning a few with their vast sums. BTW,I still cant find any links on the net about Beyers Saratoga score in 2006.
Oh boy.
Light
12-19-2008, 02:35 PM
Oh boy.
That doesn't look like a link to Beyers big pick six.
George Sands
12-19-2008, 02:41 PM
TLG
Dude,there's the rich and elite and there's the common man. If you think the common man can do what the rich do,you've never owned a bank account. Beyer,Crist,these guys rely on the big one. Its dictated by their class. I'm talking about relating to the common man. The common man doesn't have those kinds of bucks to invest in Pk6's for financial salvation from being goosed all year. I'm more impresed with paupers turning a profit with limited resources than millionaires earning a few with their vast sums. BTW,I still cant find any links on the net about Beyers Saratoga score in 2006.
Is this why Beyer refused to play the horses before the Pick 6 was invented?
the little guy
12-19-2008, 02:47 PM
That doesn't look like a link to Beyers big pick six.
You have the typical style of a loser......offer me proof.....people with lots of money to bet don't count.....I'm not impressed......blah blah blah. It's actually sort of sad.
If someone has more money to bet, if they didn't know what they were doing they would lose more money than someone with less.....it wouldn't increase their chances of winning. These people that you are so unimpressed by win, not because they have more money than you, but because they are smarter than you and better bettors than you. It's not that you " aren't impressed " but quite the contrary.....you are madly impressed to the point of frenzied jealousy, because they do what you cannot do, and since you refuse to look inside yourself and blame yourself, you point to the obvious differences between them and you ( more money ). Sorry, that's not why they succeed where you fail.
Beyer's score was late in the meet in 2005 or 2006. The late Peter Karches owned the winner of the finale, a turf maiden race, and the prior race was a 2YO Turf Stake which I believe was won by a horse trained by Fred Seitz ( May Night maybe ). You can believe whatever makes you happy.
turfnsport
12-19-2008, 02:53 PM
TLG
Dude,there's the rich and elite and there's the common man. If you think the common man can do what the rich do,you've never owned a bank account. Beyer,Crist,these guys rely on the big one. Its dictated by their class. I'm talking about relating to the common man. The common man doesn't have those kinds of bucks to invest in Pk6's for financial salvation from being goosed all year. I'm more impresed with paupers turning a profit with limited resources than millionaires earning a few with their vast sums. BTW,I still cant find any links on the net about Beyers Saratoga score in 2006.
As someone that saw Andy in action in person back in the 90's, I can safely say he did not need to hit a pick 6 for financial salvation. Newsflash: He scored with "common man" bets like win, exacta, and trifectas.
Light, you are talking right out of your ass.
Bobzilla
12-19-2008, 03:22 PM
May Night won the feature at Saratoga, I believe the Phil G. Johnson for 2yo fillies on grass, on September 2, 2005. I just tossed my charts from 2005 just a few weeks ago so I can't look up the other horses in that sequence. Earlier that day a horse with the word "dance", maybe "Art of Dance" but I'm not sure, in its name won a turf event and for some reason Bill Mott sticks in my mind. Not much info but perhaps the date of 9/2/05, which I know to be correct from my own records, might help find an article about Andy's score.
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