Patrick Veitch - Enemy Number One: The Secrets of the UKs Most Feared Professional Punter
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DISCLAIMER the names of three individuals have been changed for reasons of security.
This papeback edition published in 2010 by Racing Post Books Compton, Newbury, Berkshire, RG20 6NL
First published in 2009
Copyright Patrick Veitch 2009, 2010
The right of Patrick Veitch to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publishers.
A catalogue record for this book is available from the British Library.
ISBN 978-1-905156-70-2
Edited by Steve Dennis and Jonathan Powell
Cover designed by Adrian Morrish
Interiors designed by Tracey Scarlett
Printed in the UK by CPI William Clowes Beccles NR34 7TL
I would like to thank my parents, John and Norma, for everything theyve done for me. It must have been from them that I inherited the determination that has stood me in such good stead over the years.
I want to thank all those who helped me at the time of my departure from Cambridge, whether with advice, assistance or protection. Their help was invaluable at a critical time in my life. They know who they are. Praise must also go to the many people who have helped me in the battle with the bookmakers, notably Geoffrey Pooley and Charles Robot Robarts. I would also like to express my gratitude to Steve Dennis and Jonathan Powell, who helped me to turn my very rough first manuscript into a far more polished end result.
Patrick Veitch
L ETS face it, we would all like to earn our living from backing horses but the bottom line is we either dont have the intelligence, dont work hard enough or dont have the courage. Read this book and you will understand exactly what is required to cut it at the highest level. It is a fascinating insight into the mind of someone whose brain ticks a whole lot quicker and more precisely than most.
It tells of the coups that have been pulled off, the thinking behind them and the money won. It isnt boastful just fact. Logical views are given on every aspect of racing and betting and there are some wonderful insights into a number of well known trainers and jockeys. It also details the very real threat to his life, how he coped with it and how the experience changed his life forever. Its a fascinating read no matter what your background or interests and one that will undoubtedly change the way you think.
John Francome
TROUBLED TIMES
W ILDEBEEST look very cool munching on their daily diet when they dont perceive any obvious threat. When the lions arrive its really only a question of how quickly they can run away, although the most dangerous lions will often succeed in making a kill. Sometimes, when a pack of lions are particularly well organised, they will make repeated kills over a sustained period.
In this book you can read about lions and wildebeest, about me and the bookmakers. You can also read about brain surgeons, mad axemen and thunderstorms, and about the 20 million that I and my allies have taken from the bookmakers since 1999. They havent enjoyed the last few years as much as I have, many even changing the way they operated in an attempt to stop me winning.
Over the years, Id rely on a total of around 200 agents to place my bets. Id learn to use what I termed guile accounts to mislead the bookmakers. And, on a busy day at the races, Id sometimes take 14 mobile phones with me. The Racing Post described me as the bookmakers public enemy No. 1. Others have called me Keyser Soze, after the man who wasnt there in the film The Usual Suspects, branding me a mystical figure reputed to be behind many major gambles. I was repeatedly told that it was my business that the major firms feared the most. Not only can I hit them for a million pounds in a matter of weeks, but I exert strict control over my betting so the overall risk to my capital is very small.
Of course, I still backed many sizeable losers and had to deal with unprofitable periods that lasted as long as four months, but over the years Ive made a profit of 16.7 per cent on my turnover despite having to take well under the going rate to obtain a large enough stake. Another professional punter, the big-staking Harry Findlay, has been quoted as saying that no punter on the planet wins more than eight per cent on his turnover. Although Ive needed to be secretive about my location over the years, Ive always been on planet Earth.
But its not all been a high-rollers paradise. Without warning, my life was threatened and I was forced to go into hiding, changing my name, my circumstances and my location to make sure that I wasnt found. The ramifications of what happened affect me even now. For the period in which my life was turned upside down, I wanted compensation and the bookmakers were my target.
It was only by waiting for a period when I took a break from racing that it was possible to tell the full story. Im fortunate to be in a position where I dont have to devote all my energies to taking on the bookies. A sabbatical gave me time to write the book; it also allowed me to make some key changes to the way I placed my bets and created some distance in time from the most detailed stories. This ensures that I havent assisted the bookmakers in their obsessive desire to track my activities. Ive been able to provide every detail on the key years of 1999-2004, as well as the important highlights after that.
This book is not a betting manual, but Im sure there is enough information here to provide some guidance and plenty of information for those who wish to take their punting more seriously.
But there is one key reason for writing this book. It keeps a promise I made to myself when at my lowest ebb, in the second half of 1998. When I was right at the bottom, I told myself that I would return to racing when it was safe to do so and later tell my story, although it hasnt always been an easy task. This is the story.
THROUGH THE DOOR
S OME people grow up knowing what they want to do; some grow old without finding their true calling. For me, the die was cast at the age of 15 on a half-holiday from school. I opened a betting shop door, and that was that.
From an early age, I loved to play cards, especially if there was the chance of finding someone willing to gamble for small stakes. Maybe my parents choice of school contributed a little, as the one-hour coach journey there allowed plenty of time to indulge this hobby.
My parents, John and Norma, had what you might call proper careers; my father is a successful businessman and mother used to teach in a primary school. They worked hard to pay the school fees for my brother Jonathan and me, and they would have expected that a good education would lead to a traditional career, probably in the financial world. Maths was my strongest subject at school, so this seemed an obvious path. There was certainly no danger of my becoming an artist, as my attempts to draw or paint were legendary among my classmates. No-one had ever seen anything quite so bad.
However, my interest in gambling skyrocketed the moment I stepped through the betting shop door. My eyes lit up with excitement. I could see odds and numbers everywhere and money changing hands. It was an adult version of playing cards for small change, a fascinating new world and one in which I was determined to become involved. Technically, I was too young, but that didnt seem to prevent all my bets being accepted if only that was still the case today.
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