Oli Coyle

Failure to prepare is preparation for failure. © Made in Yorkshire! #DreamBig

[Oli Coyle @OliCoyle]

From the land of the free markets?

[Anthropic @AnthropicAI]

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.

The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.

Access to all other Claude models is not affected.

We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.

Read our full statement: https://t.co/bwn0sximKZ

[Oli Coyle @OliCoyle]

@jamesatcoywood

[Oli Coyle @OliCoyle]

That man and his whole operation is just a stain on Irish racing now. Every month/fortnight some new rule breach/fine/ban. At what point does this cross over into bringing the sport into disrepute?

[Racing Post @RacingPost]

A conditional jockey has been banned for 14 days for failing to make a real and substantial effort to achieve the best possible placing on a Charles Byrnes-trained runner at Sligo on Tuesday evening

[Oli Coyle @OliCoyle]

The single worst AI platform I have used. Fabricates things it doesn’t know & seems years behind the others

[Satya Nadella @satyanadella]

Great to see NHS England scaling Microsoft 365 Copilot to more than 500,000 staff.

In early trials, staff saved an average of 43 minutes per day, helping put more time back into what matters most, caring for patients. https://t.co/Frm9SA5eoo

[Oli Coyle @OliCoyle]

Everyone having digs at Epsom & Derby day like they can do anything to control the weather. No need at all for the amount of negativity surrounding this years meet.

[Oli Coyle @OliCoyle]

Great ride by Laura Pearson on Sparks Fly and not the first time she’s done that on Sparks Fly before & won 👏 👏

[Luke Paton @Golfpunter1]

Frictionless checks. The buzzword of recent weeks. It has been clear for many years that the levels of incompetence within those deciding the fate of the gambling industry, knows no bounds. They simply aren't fit for purpose and will not stop until this industry is finished.

Tomorrow will be a sad day for me as I think it will be the start of wrapping up the bigger betting stuff I put through Betfair. I was fortunate enough to have what was known as a Master Account. What it enabled me to do was put different sports and different strategies through different accounts. Also an account for pre off betting or in running. It meant you had the flexibility to separate things more sensibly. It also meant you could park some funds elsewhere within the account without risking it all especially if using automated strategies.

At various times in the last 15 years up to about 95% of what I was doing was going through Betfair. It depended on what I was doing. Other times it was a fair bit lower. That number has been falling significantly in recent years for a variety of reasons. Mainly liquidity. What is without question though is that Betfair is only headed in one direction and it's not positive.

The Master Account and all the various sub accounts will be going tomorrow I believe. The hope is it will just be replaced by a standard account although I have little faith it will go smoothly.

The reason it is going is that I have just had enough. I have always bent over backwards to accommodate all the stupid, ridiculous requests. All the bank statements, other proof of wealth statements etc etc. The justification for why a Master Account was needed. Every single year.

It really started in February this year when I got a phone call from an account manager. He was like I see the account is down in January. Yes I said. January was the worst month I have had in over seven years. It happens. I was told well if this carries on then I am not sure you can keep having a Master account. Err really. Ok. I said I will make a couple of tweaks with how I do things if it is quite so important to you. i.e taking on maybe slightly less risk.

I was asked to talk about what trading strategies I was using. Whether I bet full time. Other incomes? What other proof of betting winnings I had etc. Some pretty personal questions but I didn't want any issues so i provided what was necessary. To say it was a massive overreach would be an understatement. We would review in a years time.

We had a brief chat about liquidity and how it had a fallen off a cliff in certain sports. Cricket has never been better I was told. Well I don't bet much on cricket so that's helpful. Is Betfair doing anything to address the falling liquidity? Nope. One worry with falling liquidity is rapidly diminishing returns. Less volume matched and lower margins is an ugly combination.

February/March both winning months. April a losing month. Just the way these things are in this game. Particularly when using different platforms. I get an abrupt email from Betfair in May saying that compliance wanted five different things including bank statements, another MSA declaration form, further commentary around my BF activity (i.e strategies), reasoning for my variance and proof of other betting outlets being profitable. If I didn't provide these things within two weeks the account would be suspended.

My focus has been shifting away from Betfair anyway and I think this was the final push. I simply said bollocks to this. Enough is enough. I spoke to my account manager and the first question I asked was why is this happening now given we spoke about it three months ago and you said we would review at a later date. He said I am sure I spoke to you last year about it. Err nope. Just incompetence that gets your back up from the get go. Anyway I said enough is enough. Unless you are willing to accept the P/L on the account as a source of funds then we are done.

We then had a brief conversation about what is asked from Betfair by the regulators. He said yes we probably overreach but we just want to protect ourselves. That there in a nutshell is why this industry is absolutely screwed. No one knows what is needed and the shifting of blame has to be seen to be believed. The guidance from all concerned pathetic.

The account itself is up seven figures after commission. The account has also paid the best part of £1m in commission to Betfair. The accounts will have placed well over £100m of bets through Betfair. The January loss was for less than 1% of the P/L on the account. Yes that's right. Less than 1%. They won't accept an account P/L as a source of proof of funds/wealth.

The worry for Betfair is that there will be so many other stories like mine out there. Every time Betfair loses people pumping in seven figures+ a year, the liquidity just keeps falling. More people keep leaving and the situation is ultimately terminal. I hope to still use the normal Betfair account but I will be making a conscious effort not to put my business their way.

It has felt like this has been coming for some time and that is why you have to constantly adapt if you want to stay in this game.

[Oli Coyle @OliCoyle]

What a way for Precise to bounce back! WOW! 🚀🚀🚀

[Oli Coyle @OliCoyle]

Just the £28million in prize money now for Romantic Warrior

[Racing Post @RacingPost]

🏆 Stewards' Cup
🏆 Hong Kong Gold Cup
🏆 Champions & Chater Cup

🇭🇰 Romantic Warrior became just the third horse to land the Hong Kong Triple Crown on his final run of the campaign 🎉

[Oli Coyle @OliCoyle]

Clifford Lee pulling back off the accelerator there is just taking the piss 🚀

[Oli Coyle @OliCoyle]

If that’s a hole on the inner track at Haydock just abandon it at this point. There is no way they can race on that

[Oli Coyle @OliCoyle]

Brilliant move this & well overdue.

[Repole Stable @RepoleStable]

Great news!!!!!

The ban on transporting horses to slaughter passed a House Committee last night and will be voted on in a bigger House bill in the near future.

Today is a monumental day, not just for Thoroughbreds, but for all horses. There is still a lot of work to do to get this across the finish line, but this was a massive and very important first step.

Thank you to Chris Heyde and Pat Cummings of the National Thoroughbred Alliance for their relentless persistence and hard work.

If we really want change, we CAN make change happen. If we are willing to put in the effort, we CAN GET THINGS DONE.

We got involved earlier this year when it became crystal clear that, after decades, key industry entities were not producing results.

Today is a great day for Thoroughbreds and all horses, but it also saddens me to think about how many horses could have been saved from a cruel ending if the so-called leaders of our sport had acted with more urgency years ago.

This is what happens when people stop talking and start doing.
❤️🙏 🐎

[Aston Villa @AVFCOfficial]

The greatest 🖐️

[Oli Coyle @OliCoyle]

Threatening legal action because Luis said AOBFAN would’ve included German Classics if AOB had won them WOW! Yes they are classics & your AI is an idiot for not picking them up.

[Oli Coyle @OliCoyle]

Looking forward to seeing if Extremely Zain can back up his impressive debut. Zero decent form shown since from those in behind but that stride length was huge and he looked effortless that day

[Oli Coyle @OliCoyle]

@John1986ire I’d love to see more good to firm when we have the conditions but that’s a rare going description in the UK. Clerks have been saying in interviews lately they want a bit of cut in the ground and water accordingly. We then lose good to firm for slower side of good ground too much

[Oli Coyle @OliCoyle]

Spot on here & it’s getting beyond a joke how much clerks aim for good to soft every meeting. They’ll send horses to HK, Aus & the USA to race on the fastest ground in the world but over here they all need cut in the ground?!

[At The Races @AtTheRaces]

"It's a massively downward trend" 🗣️

Has racing gone soft on fast ground?

#ChapmansCall @MCYeeehaaa

[Oli Coyle @OliCoyle]

@abracing0 Kyprios..... It just blows my mind that his page & results = NH stallion. His speed stats from his races showed he had pace could sustain it and wasn't just a typical stayer.

[Oli Coyle @OliCoyle]

@JohnnyDineen Level of horse may be different but the US, HK & Aus all record and publish their barrier trials. Why are we so outdated?