Betting for a living is not money for nothing, most punters would have earned the money they use for their betting bank from a tax paying job, so they have already paid tax on the money the rest is down to skill
@TimComley Most professionals and certainly the big football syndicates work on 1 or 2% profit margins, so a 2.5% tax on winnings would kill their business. So , in effect , yes he did.
You're born, take shit, go out into the world, take more shit. Climb a little higher, take less shit, until one day, you're up in the rarified atmosphere where you've forgot what shit even looked like. Welcome to the layer cake, son
Simon, As always, a great watch, but on this occasion I think you missed out on interesting content by not chatting with Barry on his horses, trainer choice, best winners, favourite track etc, another interview perhaps ?
@@simonnott9183 Definitely more great content to be had than Simon, if he’s up for it….. As an aside, my favourite interview you have done so far was of Mr Prout, what a great character, loved it when he smashed his coffee mug 😂
I can remember back to the days when betting was taxed. The punter could pay the tax when putting the bet on, so that if the bet won, then no tax was paid on the winnings. However, if no tax was paid when the bet was struck, then tax was paid on the winnings. I think what Barry suggests, is just winnings are taxed... similar to the commission that the exchanges take - they just take their commission on winning bets.
Is it possible to win 'free money' in racing? I doubt it. You could probably do it in other sports, but would you be able to get enough on, to make it pay?
Barry is going to piss off a lot of high level punters here (and I very much intend on being one, I'm on my way for sure), but I see where he's coming from. He wants to enrich and protect the sport for the "everyman" and the jockeys/trainers/owners and everyone who works in the industry. Horse racing is a British institution now, and Barry comes from a time when it was more so. He's disregarding the big players because he knows how they operate, playing the markets and squeezing the average punter, he's firing a shot across the bow of Tony Bloom's, those who can't afford to lose that 2.5%, but have already profited very healthily because of their staking. He's not talking the Harry Findlay types, or the Tracksuit Dave's. Relax.
Like Barry and a good interview. But IMO, his proposal of punters paying 2.5 per cent is hypocritical and ridiculous. He really hasn't thought his statement through. Especially regarding professional punters whom the vast majority work hard to try and earn their money.
Betting for a living is not money for nothing, most punters would have earned the money they use for their betting bank from a tax paying job, so they have already paid tax on the money the rest is down to skill
Absolutely brilliant ending👏
So Barry wants to make money and be successful but he doesn't like the idea of others ( professional punters ) being successful?
Not quite what he said
@TimComley Most professionals and certainly the big football syndicates work on 1 or 2% profit margins, so a 2.5% tax on winnings would kill their business. So , in effect , yes he did.
The 11th commandment. The rule of "The layer cake"
You're born, take shit, go out into the world, take more shit. Climb a little higher, take less shit, until one day, you're up in the rarified atmosphere where you've forgot what shit even looked like. Welcome to the layer cake, son
Absolutely ridiculous to ask a greedy business man who knows nothing about the racing industry and doesn’t know how it works thinking he can fix it.
His wife breeds racehorses and has about 180
Simon,
As always, a great watch, but on this occasion I think you missed out on interesting content by not chatting with Barry on his horses, trainer choice, best winners, favourite track etc, another interview perhaps ?
Agreed . Not enough ' betting ' chat on a channel related to betting. Interesting nonetheless.
The best one I’ve seen,and will probably watch again….integrity shines through
I only had 45 minutes with him sadly
@@simonnott9183
Definitely more great content to be had than Simon, if he’s up for it…..
As an aside, my favourite interview you have done so far was of Mr Prout, what a great character, loved it when he smashed his coffee mug 😂
@@simonnott9183I bet Barney Curley is a big regret.
Excellent
Very interesting 👌
Taxing punters won’t put money back into racing. The government will do, what all governments do, they steal it.
Is Barry suggesting paying 2.5% tax on winning bets or all bets ?
I can remember back to the days when betting was taxed. The punter could pay the tax when putting the bet on, so that if the bet won, then no tax was paid on the winnings. However, if no tax was paid when the bet was struck, then tax was paid on the winnings. I think what Barry suggests, is just winnings are taxed... similar to the commission that the exchanges take - they just take their commission on winning bets.
Is it possible to win 'free money' in racing? I doubt it. You could probably do it in other sports, but would you be able to get enough on, to make it pay?
2 different questions, easy to win 'free money' but hard to make enough for it pay
Increasing prize money won’t ‘save’ horse racing. Is he mad!
Barry is going to piss off a lot of high level punters here (and I very much intend on being one, I'm on my way for sure), but I see where he's coming from. He wants to enrich and protect the sport for the "everyman" and the jockeys/trainers/owners and everyone who works in the industry. Horse racing is a British institution now, and Barry comes from a time when it was more so. He's disregarding the big players because he knows how they operate, playing the markets and squeezing the average punter, he's firing a shot across the bow of Tony Bloom's, those who can't afford to lose that 2.5%, but have already profited very healthily because of their staking. He's not talking the Harry Findlay types, or the Tracksuit Dave's. Relax.
Piss brain
Like Barry and a good interview. But IMO, his proposal of punters paying 2.5 per cent is hypocritical and ridiculous. He really hasn't thought his statement through. Especially regarding professional punters whom the vast majority work hard to try and earn their money.